We have to acknowledge the signs of a new world order. Protectionism is on the rise and with it comes slower growth, because of the friction it adds to the free movement of people, capital, goods and ideas as well as increased regulatory complexity. Despite this global uncertainty, Luxembourg remains determined to create new paths of growth and to adapt to stay relevant on the long-term.
PwC Luxembourg has reported record revenues of 404 million euros for the year ended 30 June 2017, up by 8% from 374 million euros last year.
For the first time this year, PwC's results go beyond financial data as they’re based on the GRI reporting standards, the most widely adopted global standards for sustainability reporting, which provides detailed and transparent insight into the firm’s strategy, performance and societal contribution.
Adopting such standards is a big step toward laying out what's important to us as a firm and how we want to start being measured going forward - in other words, what success means to us.
PwC Luxembourg is the largest professional services firm in Luxembourg. We provide audit, tax and advisory services. Our firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies. Although we mainly serve clients with operations in the Grand Duchy of Luxembourg, their reach is often international and, therefore, the impact of our business (especially in terms of legitimacy and ethics, as well as societal impact) goes beyond national borders.
There's a general feeling that business-as-usual is not the way forward and we've embarked on a transforming journey that will certainly lead us to a sustainable business model that will generate growth beyond profits. We’re driving a transformation in:
In 2016 we concentrated our efforts to understand what sustainability means for PwC and to identify the sustainability challenges that we needed to prioritise and integrate in our firm's strategy. As sustainability can mean so many different things, it was vital for us to concentrate on our core business in tax, audit and advisory.
Communications Senior Manager, PwC Luxembourg
Tel: +352 49 48 48 3582