Our actions in PwC are driven by our purpose, to build trust in society and solve important problems. Our purpose brings meaning to our daily work, guides our decision-making and inspires action in a dynamic environment. It demonstrates our ongoing, clear commitment to working collaboratively and innovatively to deliver the highest quality outcomes for our clients, our people and society.
Our values define the expectations we have for working with each other and our clients. We come from different backgrounds and cultures across the firm and our values are what we have in common. They capture our shared aspirations and expectations, and guide how we make decisions and treat others—they’re what makes us who we are.
Our actions are directed towards making a positive impact. Our aim is for this positive effect to be lasting, measurable and above all meaningful. In this context, we have for the second time quantified and monetised our overall impact on the Cyprus economy, the society and the environment. Our total impact for FY18 is €166.8 million, whereas in FY15 it was €162.8 million, a positive increase of €4 million.
The Total Impact Measurement & Management (TIMM) framework utilized for this purpose is an innovative and multi-dimensional way of enriching the information used for decision making. It has allowed us to look beyond financial results and measure our total footprint in order to plan specific actions that will help us enhance our overall contribution.
In order to succeed in fulfilling our purpose, we take responsibility of our impact and fulfil our role in society in many ways, from direct economic and tax contributions to supporting our communities, nurturing talent and fostering entrepreneurship.
Being a responsible business means, we are committed to greater transparency and to enhance the role PwC plays in society. Our impact report provides a snapshot of our journey towards creating a future we all aspire to be part of.