PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients

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The Big Four accounting firm PwC has announced that it will invest $ 12 billion as part of a new strategy to create 100,000 new jobs worldwide over the next five years.

The UK branch of the company plans to invest $ 1.2 billion in areas such as the environment, social affairs, governance and technology over the next three to four years, with a focus on job creation, the company announced on Dec. June known.

The company said it will invest $ 1 billion globally in technology that will help it automate the review process.

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The global company is also creating a US-based “leadership institute” that aims to “empower more than 10,000 of today’s and future C-suite executives, executives and board members to build trust,” the company said.

“We want our people to be the most sought-after people out there as they have the technical, digital and human skills necessary to build trust and achieve sustainable results,” said Bob Moritz, Global Chair, PwC.

Kevin Ellis, UK Chairman and Senior Partner at PwC, said, “We have continued to hire throughout the pandemic and now the market opportunity from areas such as digitization, transformation and ESG is set to increase our workforce from 22,000 to 26,000 over the next five Years. “Years. It’s about developing new talent and re-qualifying existing talent, with a focus on technological jobs and skills, supporting school leavers, trainees and graduates in building resilient careers. “

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PwC had sales of $ 43 billion in 2020, with the UK branch increasing sales by 3% to £ 4.3 billion in the year ended June 30.

The UK branch’s profits fell 10%, which the company attributed to the impact of the coronavirus pandemic. Total profit decreased 8% to £ 938m and the average partner fee decreased to £ 685,000 from £ 765,000 last year.

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