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  "documentTitle": "PwC Network Climate-related disclosures report",
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      "text": "As we have expected for some time given the structural constraints we have observed and experienced, we have not met our FY25 goal.",
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      "text": "Current progress towards our supplier engagement target",
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      "text": "Supplier science-based targets: 33%",
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      "text": "We have seen that there is a commitment among many suppliers to change how they do business and to reduce their carbon footprint. The pace and scale of the changes taking place differ across both geographical regions and sectors. We have continued to see that different types of businesses and value chains are moving further and faster than others. Some organisations are grappling with data gaps and different methodologies, and they reflect different standard-setting bodies in their approaches. These challenges are consistent across markets and go far beyond the influence of individual suppliers, as well as the businesses that are engaging them through their value chains.",
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      "text": "While our progress falls short of the target we validated in 2021, we have had significant activities underway across our global network to engage our suppliers, tailored to the different local market contexts of our firms. We have provided training and support, particularly to some of our smaller suppliers who are willing to set SBTs but do not have the capacity to take action on their own. We have also embedded sustainability into our procurement cycle as well as our supplier Code of Conduct. We have introduced new tools to track supplier emissions so we can address them more effectively.",
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      "text": "Target: Have 50% of the network's purchased goods and services suppliers (by emissions) set science-based targets to reduce their own climate impact by FY25.",
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      "text": "While we have focused our efforts and activities on those areas where we can achieve the greatest results, we are aware that a collective effort is needed to overcome some of the systemic and other barriers to progress that persist. As we continue to engage with our suppliers across the network, we should be less focused on a pass/fail assessment at a point in time, and much more focused on identifying and addressing the barriers which emerge as we do so.",
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      "text": "Reducing emissions across our supply chain remains one of the most challenging aspects of our transition to net zero. This year, 28% of our suppliers (by emissions) had validated science-based targets (SBTs), with a further 5% publicly committed to setting one in the future. As we have expected for some time given the structural constraints we have observed and experienced, we have not met our FY25 goal.",
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