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Pwc Africa unveils new network strategy to boost businesses

PwC Africa unveils new network strategy to boost businesses

PwC Africa has announced six key focus areas that will support the execution of its new global strategy, tagged: The New Equation to boost business growth across the continent.

The advisory and tax services firm listed the six key focus areas in the New Equation strategy to include trust, growth, and value creation, Environmental Social and Governance (ESG), digitisation, international development, and workforce.

In a statement issued in Lagos yesterday, PwC said The New Equation focuses on two interconnected needs that organisations face in the coming years: building trust across a wide range of areas that are important to stakeholders and delivering sustained outcomes in an environment where the risk of disruption is more intense than ever before.

Therefore, the six focus areas, which were announced in June, are expected to help address these needs among clients, communities, and other stakeholders in sub-Saharan Africa.

The Chief Executive Officer (CEO) PwC Africa, Dion Shango, was quoted as saying: “our purpose as PwC is to build trust in society and solve important problems. The New Equation will shape how we help to build trust, as well as how we deliver sustained outcomes as a community of problem solvers.”

He explained that The New Equation was developed in response to “technological disruption, climate change, fractured geopolitics, and the continuing effects of the COVID-19 pandemic, amongst other challenges,” which require that organisations refocused.

The New Equation will shape how we help to build trust, as well as how we deliver sustained outcomes as a community of problem solvers.

For each of the focus areas, the targets are:

Trust – helping organisations to build and sustain trust in their people, products, services, operations, and the communities in which they operate, with particular reference to financial reporting and cybersecurity.

Growth and value creation – optimising workforce productivity, seeking competitive value in deals and other transactions and deploying integrated digital solutions are all ways of delivering sustained outcomes within organisations.

ESG – since good governance supports sustainable outcomes in terms of business performance to deliver quality results through systems, processes and standards, will invest in additional resources and tools to assist clients with embedding ESG from strategy to execution and ultimately delivering impactful transparent reporting.

Specifically, PwC said it will support organisations in their renewable energy transitions; net zero commitments, and sustainable financing, as well as their social commitments in the communities in which they operate.

“Our Net Zero commitment rests on the progress that we will make towards measurement and disclosure, emission reduction, supply chain decarbonisation and renewable energy and carbon offsets,” Shango said.

Digitisation – “The New Equation is about a future that is human-led and tech-powered. It’s about how human ingenuity combines with technology innovation and experience to deliver faster, more intelligent and better outcomes while building trust and ensuring quality across the value chain.”

International development goals – will expand its capabilities to help address some of Africa’s biggest development challenges by working with multilateral and bi-lateral funding agencies, governments, international NGOs, foundations and the private sector, to deliver sustained and meaningful outcomes.

Workforce: for many organisations, the COVID-19 pandemic has amplified the need for agile, resilient workforces and the importance of tools, skills and systems that support workforce productivity and sustained outcomes, as such, will help clients to reimagine the future of work, leadership, technology, and training.

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