{ "docId": "019dd923-5de0-76bd-a168-e5176559b8c2", "docSlug": "6f280f1406e4fcb6", "documentTitle": "PwC Network Climate-related disclosures report", "authorId": "PwC", "authorName": "PwC", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.707, "pageNumber": 16, "pageCount": 58, "prevPage": 15, "nextPage": 17, "slideType": "risk_register", "function": "diagnose", "density": "overcrowded", "nDataPoints": 0, "notes": "Part of a sustainability report, specifically addressing climate-related risks and opportunities.", "elementsJson": [ "headline_text", "bullet_list", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5de0-76bd-a168-e5176559b8c2/16", "deckHref": "/decks/019dd923-5de0-76bd-a168-e5176559b8c2", "deckJsonHref": "/decks/019dd923-5de0-76bd-a168-e5176559b8c2.json", "deckAnchorHref": "/decks/019dd923-5de0-76bd-a168-e5176559b8c2#slide-16", "components": [ { "bbox": null, "kind": "callout", "text": "The potential effects on our business are only expected to be material in the long-term, and the most significant disruption is expected to be to our revenue generating activities via our clients.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-3be6-7628-b9ca-f1141e34a4a3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.88, "x": 0.06, "y": 0.25 }, "kind": "list", "text": "Concentration of business activities vulnerable to the risk: Highest concentration of risk is expected to arise due to disruption to businesses in our client base, causing uncertainty in our revenue-generating activities. Time horizon: Long-term. Type of financial effect(s): Revenue (decrease)", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4d31209b-2a32-4d2b-9aa9-4ff594e9163d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.88, "x": 0.06, "y": 0.37 }, "kind": "paragraph", "text": "The frequency and severity of acute weather events is expected to continue to increase in the coming decades. In addition, anticipated chronic changes to temperatures and weather will drive social and economic change across many parts of the world.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0498fda8-0c87-47cc-a27d-faec1440a7c6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.88, "x": 0.06, "y": 0.77 }, "kind": "paragraph", "text": "However, we can make some broad assumptions about the nature of our clients' businesses and the likelihood that they would be increasingly exposed to climate-related outcomes, in order to identify and work with those most likely to be affected. See further detail below in 'Current and anticipated financial effects'.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2e4cffe5-58a2-4a3e-9447-23a6061340b6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.88, "x": 0.06, "y": 0.18 }, "kind": "paragraph", "text": "Impact of acute and chronic physical risk events, causing global or regional economic disruption which could impact our business through our client base.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6ff5d90a-c22d-4c7f-87c6-dda16b4c298c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.88, "x": 0.06, "y": 0.61 }, "kind": "paragraph", "text": "The potential disruptive effect on us from impacts to our clients' businesses is very difficult to assess and therefore plan for, as different types of business (i.e. across industries and sectors) will be impacted by different types of climatic events at varying levels of severity.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "71619fd4-d9ea-4652-973c-131fcc0cedcb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.88, "x": 0.06, "y": 0.69 }, "kind": "paragraph", "text": "In addition, the geographic variability of physical risks more generally means data on all the critical locations within the value chains of our clients would be needed in order to assess exposure levels. Given the complexity of global business value chains and the number of clients we have, even estimating the exposure levels would be extremely complex.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "72254c2b-cd45-417f-9555-f7e2f56e5d6a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.88, "x": 0.06, "y": 0.49 }, "kind": "paragraph", "text": "As these events and changes occur, we recognise our business will be exposed to financial risk in affected locations arising from potential disruption to our own offices, the surrounding communities where our people live and the wider business communities—which in many cases will include our clients.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e441c47b-ca02-42a6-b4b0-04ccfbb76181", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.15, "x": 0.15, "y": 0.13 }, "kind": "title", "text": "Physical risk", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9f3d74f4-bf1a-4f5a-9651-7b82b25a1617", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.4, "x": 0.06, "y": 0.58 }, "kind": "title", "text": "Effects on PwC's strategy and decision-making", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c1e50371-b061-47fe-99a0-6b7b5df1a26e", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 19, "from": 14, "beatId": "b339c793-ffbe-4c0a-834c-55a74fd230e7", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "The document discusses climate-related risks and opportunities, including physical and transition risks.", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 19, "from": 14, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "4411a227-dbf5-400a-9ba0-742663343b92", "evidence": "The document discusses the potential impacts of climate-related risks and opportunities on PwC's business model and strategy.", "position": 0, "objective": "What are the climate-related risks and opportunities for PwC?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }