India can avoid up to 20 million tonnes of emissions through India’s ship recycling sector

India can use its ship recycling sector to avoid emissions from its steel industry, according to a new report launched by Climate Group and PWC recently. The country has the world’s largest installed capacity for ship recycling, which could be vastly increased given its extensive coastline and favourable geographical conditions. The ship recycling industry, primarily based at Alang in Gujarat, processes around one-third of the world’s decommissioned ships. About 80-85% of a ship is made of steel, making it a significant source for scrap or recycled steel, which can be melted…

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An emerging green skills gap in the Financial Service sector risks Net Zero goals

The demand for green finance jobs is on the rise but significant regional disparities exist across the UK. The Aldersgate Group has supported PwC in the development of this new report investigating the green skills gap in the finance sector. The UK financial services sector faces an emerging green skills gap and is not moving fast enough to close it, jeopardising the UK’s Net Zero goals, according to the latest report by PwC in its Green Jobs Barometer series. The report, in collaboration with Financial Services Skills Commission (FSSC) and…

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Almost half of Out of Home advertising revenue goes back into the UK economy

A new report from PwC, commissioned by Outsmart, finds the UK Out of Home (OOH) sector contributed £411m to support public services, infrastructure, communities and employees in 2021 – representing 46% of its advertising revenue.   Over the last 14 years, OOH media owners have invested £1.1bn into installing and maintaining public infrastructure including bus shelters, free telecommunications services and even lifesaving defibrillators. OOH media owners directly contributed £188m in 2021 towards public finances through business rates and rent. In addition, PwC estimate​s​ a further c.£29m helped support charities and…

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Almost Half OOH Advertising Revenue Goes Back Into The UK Economy

A new report from PwC, commissioned by Outsmart, finds the UK Out of Home (OOH) sector contributed £411m to support public services, infrastructure, communities and employees in 2021 – representing 46% of its advertising revenue. Over the last 14 years, OOH media owners have invested £1.1bn into installing and maintaining public infrastructure including bus shelters, free telecommunications services and even lifesaving defibrillators. OOH media owners directly contributed £188m in 2021 towards public finances through business rates and rent. In addition, PwC estimate​s​ a further c.£29m helped support charities and communities…

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More than half of global GDP is exposed to material nature risk without immediate action, finds PwC

Businesses must place nature loss on the same level as climate change in their risk assessments, with more than half of global GDP moderately or highly dependent on nature, according to new PwC analysis. The findings of new PwC research reveal the extent to which economic activities and natural ecosystems are linked, with 55% of global GDP—equivalent to about US$58 trillion— moderately or highly dependent on nature – up almost one-third ($14tn) since 2020. To help mobilise a response from the business community, PwC is launching a global Centre for…

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