KPMG Member Firms Exceed Emission Reduction Target

KPMG Member Firms Exceed Emission Reduction Targe...

To achieve this goal, KPMG member firms will maintain their focus on building efficiency and sustainable procurement, as well as leveraging the insight from KPMG Climate Change and Sustainability professionals.

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Press Release

Success of KPMG’s Global Green Initiative demonstrates commitment to reducing environmental impact—further reduction targets announced.

KPMG International announced today it achieved a 29 percent reduction in net emissions per full-time equivalent employee over the three-year period from its 2007 baseline of 25 percent. The initiative is part of KPMG's plan to improve the environmental performance of its business. In addition, KPMG achieved a 7 percent reduction in absolute1 greenhouse gas emissions since 2007.

KPMG launched the Global Green Initiative (GGI) in 2008 to support its commitment to reduce its environmental impacts, including establishing an ambition of reducing net greenhouse gas emissions by 25 percent by 2010. More than 40 KPMG member firms, representing 85 percent of full-time equivalent personnel, actively participate in the program.

"We are extremely proud of our accomplishments and the commitment of our people to find innovative means to reduce our environmental impacts," said Lord Michael Hastings, KPMG International's Global Head of Citizenship and Diversity. "We estimate the cumulative emission savings from the Global Green Initiative are equivalent to taking 85,000 cars off the road for one year. We will continue to challenge ourselves and build upon the success of the Global Green Initiative by further integrating environmental sustainability within our core operations."

With the success in surpassing the initial program targets, the KPMG Global Board has approved a new ambition for Phase II of the GGI—seeking a further 15 percent reduction in net emissions per full-time employee by 2015, using a 2010 baseline. To achieve this goal, KPMG member firms will maintain their focus on building efficiency and sustainable procurement, as well as leveraging the insight from KPMG Climate Change and Sustainability professionals.

To achieve its GGI results, KPMG member firms implemented leading practices and established new programs and processes that include:

Greening Offices

KPMG member firms have implemented a variety of energy efficiency programs, as well as moved into offices that meet local green building criteria. A KPMG Building Efficiency Handbook has also been developed to further share and promote environmentally-preferred practices.

Instituting Sustainable IT programs

To reduce energy consumption of KPMG's member firm IT infrastructure, KPMG International developed a Sustainable IT guide and implemented practices such as server virtualization to reduce emissions.

Reducing Air Travel

With 18 HP Halo telepresence studios in key cities around the world and other types of virtual conferencing technology, KPMG's member firms are reducing their need for travel.

Engaging Employees and Suppliers

KPMG member firms are engaging employees on climate change through hands-on initiatives, as well as working with suppliers to identify additional opportunities to reduce their environmental impact.

"The role of the business sector in combating climate change is critical," says Yvo de Boer, KPMG's Special Global Advisor on Climate Change and Sustainability. "An increasing number of companies are developing sustainable agendas, or planning to start one. Integrating sustainability into the wider business plan is very clearly moving from being a nice-to-do gesture to an essential part of the corporate strategy. At KPMG, we are not only working with clients on addressing climate change and sustainability, we are also focused on reducing our own carbon footprint."

In addition to KPMG's commitment to reducing its own environmental impacts, KPMG's global Climate Change & Sustainability practice works with leading companies to establish sustainable and forward looking business models that help reduce costs and boost efficiencies.

To learn more about KPMG's Global Green initiative and the firm's overall commitment to global citizenship, visit the program's web page.

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For further information please contact:

Mark Hamilton

Corporate Communications, KPMG in the UK

T: 020 7694 2687

KPMG Press Office: +44 (0) 207 694 8773

About KPMG International

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 150 countries and have 138,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. “Absolute Emissions versus Emissions Intensity Backgrounder.” (accessed September 29, 2011)

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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