KPMG Beyond Its Emission Reduction Target
KPMG International has 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 absolute 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.
Lord Michael Hastings, KPMG International’s Global Head of Citizenship and Diversity, said there is an estimate that 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,” Lord Hastings added.
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 this end, 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.
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.
To reduce energy consumption of KPMG’s member firm IT infrastructure, KPMG International developed a Sustainable IT Tips guide and implemented practices such as server virtualization to reduce emissions.
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.
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.
According to de Boer, 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,” added de Boer.
“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.