UK’s PwC plans to hire 100,000 employees over five years in major ESG push

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UK’s PwC plans to hire 100,000 employees over five years in major ESG push

PwC or PricewaterhouseCoopers, the London, UK-headquartered second-largest professional services network across the globe, said this week that the accounting firm had been exploring an option to fork out as many as $12 billion over next five years aimed at creating 100,000 new jobs to help clients cope up with a soaring demand of climate and diversity reporting alongside artificial intelligence, laying off the groundworks of a global expansion strategy.

Aside from that, Global Chair of PwC, often contemplated as one of the Big four accounting firms alongside EY, KPMG and Deloitte, Bob Moritz said in an interview earlier this week that new recruitments would be made through direct hiring from competitors, while a considerable number of new employees would come from mergers and acquisitions that PwC had completed in recent years.

More importantly, Moritz was also quoted saying that about 25,000 to 30,000 jobs out of planned 100,000 would be created in the United States, while about 10,000 of these jobs would be allotted to LatinX and Central American communities.

At this standpoint, PwC has been employing roughly 284,000 workers around the globe.

PwC to hire 100,000 people in bids to focus on reporting frameworks

In factuality, latest PwC move came forth as more companies alongside investors were frequently probing their impacts on environmental, social and governance (ESG) factors, which eventually calls on an expansion beyond traditional accounting, said analysts.

Meanwhile, adding that the ‘ESG’ sector would be injected into the firm’s core framework, Moritz said in the interview, “Now every employee of PwC has to be familiar with the issues (ESG).