Sustainability resources

Sustainability focuses on meeting the needs of the present without compromising the ability of future generations to meet their needs. This hub provides information, guidance and supports to help members understand sustainability and meet the challenges it presents.

Chartered Accountants Ireland

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Sustainability

 PwC has pledged to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting its clients to reduce their emissions, as well as reducing those from the PwC network’s operations and suppliers.PwC plans todecarbonise its operations, including its travel footprintinvest in carbon removal projects to neutralise its remaining climate impact engage its suppliers to tackle their climate impactwork with its clients to support their efforts to make a net-zero future a reality for allcontribute to public policy developments in support of net-zero at national, regional and global levels.Bob Moritz, Global Chairman of the PwC network, said: “Businesses and economies must evolve quickly to address the significant challenges facing our societies and our planet. Whether you look at this through the lens of human need or from a capital allocation perspective, it is in the interests of everyone that we see systemic change that averts climate catastrophe and unlocks the potential of green growth.”“A net zero world is within reach. Getting there will take innovation, hard work, collaboration and bold thinking but the benefits will be immense. The business community has a responsibility to act and we are determined to play our part, not just in our own operations and supply chain, but also in the way we advise and support our clients to create a sustainable world for future generations.” Read more here. 

Sep 18, 2020
Public Policy

In this week’s Public Policy news, read how European Commission President Ursula von der Leyen presented her vision to make Europe green, digital and more resilient; what official figures reveal about the labour market in the UK; and how Ireland has extended its redundancy provisions to help reduce insolvencies, bankruptcies and further job losses.A green, digital and more resilient Europe This week, European Commission President Ursula von der Leyen gave her State of the European Union address where she set out her vision to make Europe become green, digital and more resilient. Key points covered were:Protecting Health: Building a stronger European health union in the wake of the coronavirus outbreak with measures such as:an EU4Health programme; a reinforced European Medicines Agency (EMA);a strengthened European Centre for Disease Prevention and Control (ECDC); anda new European agency for biomedical advanced research and development (BARDA).Protecting livelihoods: protecting workers by introducing a legal framework for setting minimum wages and protecting businesses from external shocks; and boosting the single market by reinforcing the Economic and Social Union, getting the Schengen area working in full again and updating the EU’s industry strategy and competition framework.Reinforcing the Green Deal:increasing the emissions-reduction target from 40 percent to 55 percent by 2030 to achieve climate neutrality by 2050 and meet Paris Agreement obligationsrevising all of the EU’s climate and energy legislation by summer 2021;raising 30 percent of the €750 billion #NextGenerationEU budget through green bonds; and investing 37 percent of that funding in European Green Deal objectives.Leading a Digital Transformation : 20 percent of NextGenerationEU’s budget will be invested in moves to create a common plan for ‘digital Europe’ with connectivity, skills and digital public services.Deeping Global Relations: revitalising and reforming the multilateral system, including the World Trade Organisation and World Health Organisation; building agreements and relationships with the US, the UK and Africa; and building global agreements on ethical, human rights and environmental issues, and on digital taxation.Deliver a new Pact on Migration, with an approach based on humanity and solidarity.A first annual Rule of Law report covering all Member States.A European anti-racism action plan, with the appointment of an anti-racism coordinator, as well as strengthened racial equality laws.More on the vision for Europe can be read here. Labour market statistics reveal unemployment rates for the UK Employment data published this week shows that the overall rate of unemployment in the UK grew from 3.9 percent to 4.1 percent from May to July of 2020. The majority of job losses were among those aged between 16 and 24. According to official figures, almost half of those furloughed since May returned to work by mid-August rather than into unemployment or inactivity; however, it is expected that employment will fall more sharply and unemployment will increase more quickly as the furlough scheme nears its end in November. In Northern Ireland, labour market statistics published by the Northern Ireland Statistics and Research Agency on the same day revealed that proposed and confirmed redundancies more than doubled since August 2019, with record high numbers recorded in June and July. However, the Northern Ireland unemployment rate (2.9 percent) for the period May-July 2020 remains below the UK rate (4.1 percent), the European Union (27 Member States) rate (6.7 percent) for May 2020 and the Republic of Ireland rate (5.3 percent) for June 2020. Extension of Ireland’s redundancy provision On 15 September the Government approved an extension of the redundancy provisions relating to temporary lay-off and short-time work. Minister for Social Protection, Heather Humphreys TD announced that the measure, which suspends redundancy provisions – and which arose as a result of COVID-19 – will remain in place until 30 November. Describing the measures as necessary to “ensure businesses survive and that permanent job losses are avoided as much as possible”, Minister Humphreys reminded employees who remain on lay-off or short-time work for the requisite period that they will be entitled to exercise their right to claim redundancy from their employer when this emergency measure expires, and that all other redundancy provisions such as notice periods and payments of redundancy lump sums still apply, as does the existing employment rights legislation.Read all our updates on our Public Policy web centre.

Sep 18, 2020