PwC Australia has decided to cease its donations to political groups, tackling the ethical dilemma of granting vast amounts to politicians while simultaneously securing profitable consulting contracts. This move follows revelations by the Centre for Public Integrity, Australia’s leading anti-corruption think tank, which disclosed that PwC contributed over $2 million to both the Coalition and Labor between 2012 and 2022. This amount is notably higher compared to donations made by other major firms like KPMG, EY, and Deloitte. The study also highlighted that the government contract values for these firms significantly increased over this timeframe. Another concern was PwC’s involvement with entities like the Federal Labor Business Forum and the Australian Business Network, which offer corporate sponsors access to exclusive meetings and events. However, PwC has now opted to end its affiliations with both the FLBF and the ABN. This decision underscores the firm’s commitment to maintaining transparency and integrity in its operations.

This is a summary of “Donation plug pulled and now PwC cuts ties with political access groups” published in The Australian on July 12, written by YONI BASHAN. Read it in full [here]