KPMG recently announced in a press release that they want to be carbon neutral by 2030. This comes on the heels of us discussing EY’s global metrics and adherence to ESG principles. This is just another move by the big 4 accounting firms to adopt global standards in order to be able to do business with global entities like the UN and World Economic Forum.
KPMG signed up to a series of new climate actions. They are signing up for 1.5 degree celsius target which will focus on achieving a 50 percent reduction of KPMG’s direct and indirect greenhouse gas emissions by 2030.
They will also commit to 100% renewable electricity by 2022 for its board countries and 2030 for the wider network. Whatever that means.
KPMG will offset any remaining greenhouse gas emissions through accredited voluntary carbon offsets to mitigate the remainder it cannot remove from its operations and supply chain.
KPMG also said that they are working with clients across the world to help them decarbonize their business and supply chains. They launched something called the KPMG Impact initiative earlier this year. They say that KPMG Impact brings together the firms’ expertise in supporting clients to address the biggest challenges facing the planet. They aim to deliver growth with purpose and achieve progress across the United Nations Sustainable Development Goals.
The global head of Impact had the following to say:
I am delighted to see KPMG enhancing our collective commitment to the global climate agenda by adopting science-based targets with carbon reduction plan that has been announced today. KPMG shares the same responsibility as the clients we serve, to rapidly reduce and eventually reverse our contribution to global warming. By further extending our own commitments in this space I believe we are better placed to work and collaborate with clients to help them decarbonize their businesses too.