The consulting firm plans to invest 12,000 million dollars as part of its new global strategy.
The company has unveiled Tuesday through a statement its new roadmap, called ‘The New Equation’, with which it intends to address the major changes taking place in the world: digitization, climate change, geopolitical fragmentation and the effects of the Covid-19 pandemic.
PWC includes among its plans the creation of 100,000 new jobs worldwide; the launch of centers of excellence in social, environmental and governance (ESG) criteria; the training of 10,000 managers through leadership institutes; and cloud computing or artificial intelligence investment. These centers of excellence will include specialists in areas such as climate change, risk management and the supply chain.
As for new hires, the global president of the consulting firm, Bob Moritz, said in an interview that they will come from mergers and acquisitions that PwC completes and direct hires from its competitors. Of the 100,000 people who will join the workforce, between 25,000 and 30,000 will be in the United States. The firm currently employs about 284,000 people worldwide.
Moritz noted that «all employees need to be familiar with ESG» and added that these criteria will be integrated into the firm’s day-to-day operations. Companies and investors are more frequently examining their impact on the environment and scrutinizing diversity within their ranks, initiatives that extend beyond the traditional financial accounting and auditing services that PwC has long provided.
As part of its new strategy, PwC also intends to accelerate its growth in Asia Pacific with a $3 billion investment to double its business in this region, which currently accounts for around 18% of its revenues.