Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in artificial intelligence, as part of its new global strategy.
The new hires will come from mergers and acquisitions PwC completes and direct hires from competitors, Global Chairman Bob Moritz said in an interview. Of the 100,000 people PwC will hire, about 25,000 to 30,000 will be in the United States, and 10,000 of those will be from Black and LatinX communities, Moritz said.Moritz said PwC had approached ESG more "narrowly" before, focusing on reporting frameworks.
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. U.S. companies are also now gearing up for potential regulatory oversight of their environmental disclosures, board diversity and workforce.
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