PwC Cyprus’ socially responsible character was highlighted for yet another year, as the organisation implemented a comprehensive Corporate Responsibility programme focusing on supporting the local community, protecting the environment, fostering youth entrepreneurship and supporting Cypriot businesses especially amidst the pandemic.
In this context, PwC publishes the CR Review 2020 report which covers the period between July 1, 2019 - July 30,2020.
Social action
PwC Cyprus awarded top performing students of the University of Cyprus and other universities in Cyprus. Furthermore, with the support and active participation of its people, PwC organised its annual blood donation for the 18th consecutive year, while it also participated in Europa Uomo Cyprus’ Movember campaign.
As part of its social contribution, the organisation once again supported 31 charities with the provision of pro bono services as well as with the total amount of €73,000. The organisation is also a keen supporter of cultural foundations that promote Arts and Culture, such as the Cyprus Symphony Orchestra and the Pharos Arts Foundation.
Fostering youth entrepreneurship
PwC supports the local community and promotes youth entrepreneurship and innovation through strategic partnerships with educational and business organisations, such as the University of Cyprus, Junior Achievement Cyprus, Chrysalis LEAP and the RISE Centre of Excellence, Research and Innovation. Throughout the year, PwC’s people dedicated over 654 hours on a voluntary basis to various programmes, participating as mentors to students and young entrepreneurs, while over €74,000 was invested in corresponding initiatives.
Environmental stewardship
Aware of its responsibility towards the environment and the importance of reducing its carbon footprint, PwC Cyprus implemented a comprehensive Environmental Management System this year, by which best practices were applied for the environmental management of the organisation’s daily operations. Throughout the year, PwC Cyprus acquired two environmental certifications: its premises were certified as “Green Offices”, while it also updated its environmental management system in line with the requirements of the international ISO 14001: 2015 standard.
Responsible business
Throughout the year, PwC stood by the side of the business community through the compilation and publication of informative material and studies such as “Restart Cyprus”, “COVID-19 – Impact of the pandemic on the Cyprus Economy” and “Restart Cyprus: Now”, events and online discussions, as well as two studies, in which Cypriot CEOs and CFOs shared their views on important matters of their concern. Furthermore, pro bono services worth €125,000 were offered to organisations and charities.
PwC Cyprus CEO Evgenios Evgeniou said, “The organisation’s Corporate Responsibility programme focuses on society, volunteerism, the involvement of our people and the utilisation of their specialised knowledge. The initiatives and actions we choose to interact with Cypriot society are structured in a way that contributes to the common effort to strengthen the social fabric.”
You can read PwC Cyprus’ full report on its social action at www.pwc.com.cy/cr-review.
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