PwC Cyprus presented its total impact on the economy, the society and the environment

The organisation’s contribution is estimated at €166.8m

 

PwC Cyprus presented its total Impact to financial editors and Media representatives. The organisation’s total impact for 2018 is estimated at €166.8m, recording a €4m increase compared with 2015, when it had reached €162.8m. , It is notable that the organisation’s positive economic impact is equivalent to a 0.6% contribution to Cyprus’ GDP and corresponds to around 70% of the organisation’s total footprint.

Commenting on the results, PwC Cyprus CEO Mr Evgenios Evgeniou said that the organisation had proceeded for a second time to record its total impact, with the aim of assessing all of its actions, while at the same time reviewing its wider influence on the economy, society but also the environment.

“PwC’s purpose throughout the years, has been to build trust in society and solve important problems. This goal defines our organisation’s decision-making process as well as our activities. Measuring PwC Cyprus’ total impact gives a comprehensive picture of our course followed to date towards creating a better future. It allows us to look beyond our financial results and plan specific actions that will help enhance our total contribution”, he stated.

The study was completed utilising PwC’s “Total Impact Measurement & Management (TIMM)” framework, which is an innovative and multidimensional method of recording the entire footprint of an organisation, in order to enrich the information used in decision-making.

The presentation of the organisation’s total impact report took place in the framework of a working lunch at PwC Cyprus’ offices in Nicosia.

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