The PwC Foundation ushers in a revitalising approach to social contribution

PwC Cyprus has officially presented its non-profit PwC Foundation, the establishment of which arose from the desire of the organisation's people for a more purposeful and engaging involvement in the local community.

The Foundation's purpose and actions were officially presented at a special ceremony held on 4 July, at the organisation's Experience Center in the presence of media representatives.

Speaking at the presentation, the CEO of PwC Cyprus and Chairman of the PwC Foundation, Philippos Soseilos, noted, "At PwC Cyprus, it is part of our culture to invest in people so that they can grow and develop as well-rounded individuals, maximising their full potential. We are particularly delighted to establish the PwC Foundation, a milestone in our efforts to enhance our contribution to society, which is aligned with our vision for a better world for everyone."

2022/2023 was a decisive year for PwC Cyprus, since the actions of the organisation that were part of the axis of Corporate Responsibility, were further bolstered and incorporated in a specific context, an announcement from the company underlined.

The creation of the non-profit PwC Foundation is considered to be a pioneering decision by PwC Cyprus, which with a high sense of responsibility and contribution, is now focusing its social action on strengthening the local community and improving the quality of people's lives by providing diverse support in three pillars, Education & Culture, Youth entrepreneurship, and Offering our hearts & minds.

The Three Pillars

The PwC Foundation believes in the power of education and culture, youth entrepreneurship, and volunteerism, as these are the driving forces behind growth, employment, and prosperity. It is worth mentioning that the people of PwC Cyprus spent more than 2.000 hours in voluntary actions last year.

● Education & Culture

This pillar includes initiatives such as the introduction of the provision of scholarships to excellent, economically vulnerable first-year students at the University of Cyprus and the Cyprus University of Technology, as well as the offering of financial awards to students who excel in various academic institutions. In addition, the PwC Foundation implemented the Tech We Can initiative at the Heritage Private School, to inform and raise awareness among students aged 12-14 about the opportunities and challenges of careers in technology. As part of the Global Money Week campaign, PwC’s volunteers participated in briefings for students of all levels to raise awareness and empower young people’s necessary financial knowledge. The initiative was in collaboration with Junior Achievement, and under the auspices of the Ministry of Education.

In addition, we support the Girls in STEAM Academy initiative which aims to reduce the gap in the representation of women and girls in Science, Technology, Engineering, Arts and Mathematics, in Cyprus and abroad.

The "Education & Culture'' pillar also includes the support of cultural institutions that promote Arts & Culture, such as the Pharos Arts Foundation and the Cyprus Symphony Orchestra as well as the documentary "Treasures of Cyprus'' of Bettany Hughes. The documentary which aired on Channel 4, UK presented the history and the treasures of Cyprus.

● Youth Entrepreneurship

This includes PwC's strategic partnerships with important educational, academic, and business bodies such as the University of Cyprus, Junior Achievement Cyprus with which we collaborate for “The Company” program and “Our community” program, Chrysalis LEAP and the CYENS Centre of Excellence in Research and Innovation.

● Offering our hearts & minds

The third pillar includes the active participation of PwC people in various actions, but also the support to our community by offering our expertise, experience and time. We stand by the government and stakeholders to support them in any way we can for a better society and a stronger economy.

The support and active participation of PwC’s people in various activities, such as the established annual blood donation, which took place three times this year, the Movember campaign of Europa Uomo Cyprus, the organisation's Easter bazaar, the collection of first-rate items of need for families in need, the collection of specific items to support the earthquake victims in Turkey and Syria in cooperation with the Civil Defence, the support of the “I cook and I offer” programme of the Sophia for Children Foundation and many other actions proposed by the people of the organisation themselves.

Visit PwC Foundation to learn more about the Foundation.