PwC to cut emissions by 20%

News Article - 09 June 2009
Category: Environment

PricewaterhouseCoopers (PwC) has announced it is planning a 20 per cent cut in its American carbon emissions measurement compared to its 2007 level.

The firm, which made the announcement during the release of the Carbon Disclosure Project's Global 500 and S&P 500 reports in New York, hopes to have made the reduction by 2012.

According to Dennis Nally, PwC chairman and senior partner, climate change is now about "managing risks, costs and reputation".

He feels that businesses that begin accounting for carbon now will be in a stronger business position in the future.

"We believe that companies that embrace the issue of climate change will be better prepared to compete - and win - in tomorrow's increasingly constrained carbon economy," he said.

"Our commitment positions us as a leader in the profession and the industry."

The USA has also seen a mandatory inter-state carbon trading system begin, which will see carbon permits auctioned to power stations.

It will aim to put a cap on the amount of carbon that 233 power stations and factories in ten states can produce.

Article keywords: PricewaterhouseCoopers, carbon, carbon emissions, carbon accounting

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