PwC China has signed an agreement with CDP, the world’s largest carbon disclosure authority, to become a partner in CDP’s Carbon Disclosure Project and Science-based Targets Initiatives and work to provide professional services in low-carbon transition for clients in markets in mainland China, Hong Kong, Macau and Taiwan.
PwC China is the first accounting firm to reach a strategic cooperation with CDP.
“Carbon disclosure is fundamental to building a sustainable and green future,” says Qing Ni, PwC China ESG markets leader. “CDP boasts massive data on and expertise in carbon disclosure, while PwC is the world's leading professional services firm and a leader in sustainability. Together, we will help organisations to formulate sustainability strategies and long-term plans for addressing climate change, and help them improve [environmental, social and governance] ESG performance and build a truly sustainable economy.”
Carbon disclosure enables organisations to better manage climate risks and emission reduction policies. It also supports better pricing in emissions markets. Quality carbon disclosure allows the public to ensure that organisations are achieving their carbon reduction goals.
In 2021, over 13,000 companies worth over 64% of global market capitalisation, disclosed environmental data through CDP, with over 2,000 coming from China.