Tuesday, 21 April 2015

PwC awarded top marks on corporate responsibility


PwC has out-performed its Big Four rivals on corporate responsibility, according to new research
PwC has been awarded five stars out of five in Business in the Community’s (BITC) annual benchmark of responsible business, the only accountancy or professional services firm to do so. 

The benchmark assesses all aspects in relation to community, environment, marketplace and workplace issues. Around 70 companies participated in this year’s index.
PwC’s Big Four rival KPMG was awarded three stars. The only other companies to be awarded fives stars were, Fujitsu Services Limited, Nationwide Building Society, Gentoo Group Ltd, Unipart Group and Dairy Crest Group Plc. 

PwC’s submission included work to progress natural capital accounting, to establish new standards in green buildings, the creation of a collaborative partnership to tackle homelessness through a social enterprise restaurant. 

Gaenor Bagley, executive board member and head of people, community and sustainability at PwC, said, “It’s a great reflection of the many programmes we’ve established, and recognition for our people who worked so hard to make this happen.” 

In a separate survey published today Business in the Community found that overall public attitudes to very large businesses are positive, but most workers feel their employer could do more for society with just 22% reporting they have felt proud about their current employer’s behaviour. 

Overall, the survey found largely positive attitudes towards big businesses with six in ten adults (61%) saying they think big businesses, aside from paying taxes and providing jobs, makes a positive contribution to society. 

Stephen Howard, chief executive, Business in the Community, said, “It’s clear that the outdated idea of responsible business as being about giving cash or ad hoc CSR activity is over. While these things do have positive impacts, there is far more to being a good business then simple philanthropy and the public and employees know this. To be perceived as responsible a business must be authentic and have values that influence everything it does - from how it treats employees and uses natural resources to how it operates within the community and down their supply chains.” 

Nearly one in 10 of those in work (9%) reported that while working for their current main employer they have felt under pressure to do something they thought was unethical at work.

Raymond Doherty

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