Our Corporate Responsibility framework is our North Star, to guide us in reconciling our position as a profit-generating business with our responsibility to our people and clients, to society and the environment.
We recognize that we are subject to the shifting values, behaviors and expectations of our stakeholders. Therefore, we defined three key areas that matter most to our clients, our people, the community and the environment: Carbon footprint reduction, the workplace of the future and innovation.
Our goals and ambitions
We look closely at our commitment in these areas, continuously developing the implementation roadmap. We track and report openly on our progress.
Carbon footprint reduction
Determined to reduce our carbon footprint, we chose to focus on our biggest negative contributor: Mobility, in particular on air travel. This year, KPMG set a new, ambitious climate goal on a global level: to become a net-zero carbon organization by 2030. The Swiss firm, as a member of the Global Board, supports these goals and we have defined an action plan to implement the global commitments:
- Cut direct and indirect greenhouse gas emissions by 50 percent by 2030
- Source 100 percent renewable electricity by 2022
- Offset any remaining emissions from our operations and supply chain by investing in externally accredited carbon removal projects
Workplace of the future
COVID-19, socio-economic shifts and measures to combat climate change are reshaping how we work together. We launched our Hybrid Working approach this year that offers our people purposeled flexibility in how and where we work. The approach centers on the best interests of our clients and people, in an environment where innovation and continuous development thrive. We will continue to develop our position as an employer of choice.
To deal with the scope and speed of change, we must be agile. We know that we can make the greatest impact through our collaboration with our clients, with our diverse global teams and with our alliance partners to tackle environmental, social and governance challenges. Together with our alliance network we are embedding sustainability in our joint offerings to support our clients in managing ESG-related topics through better insight.
Key achievements during the FY20/21
- We launched a dedicated Sustainability Team bringing together our capabilities to serve Corporate and Financial Services clients. Seven dedicated experts cover Business Transformation, Sustainable Finance, Sustainability Reporting and Sustainability Assurance.
- We are continuously reducing business-related employee air travel and have designed an approval process for non-client related and non-chargeable air travel and monthly reporting on compliance with our carbon budget for air travel.
- We switched the last of our locations to a 100% renewable electricity mix in June, thereby meeting our goal for 2022 early. Also in June, we switched our Zurich Office from 35% to 100% Biogas, increasing our total energy procurement for heating, cooling and ventilation from regenerative sources to approximately 90% across the firm.
- We implemented photovoltaic systems on the roof of our headquarters.
- We enhanced biodiversity in and around our new buildings and are collecting rainwater to irrigate our gardens and greenery for more sustainable plant care.
- We launched our new Corporate Volunteering program in September with two projects in Zurich and in Central Switzerland. From now on we will be offering up to eight worthwhile projects each year in areas such as nature preservation, food waste, or supporting underprivileged people.
- We retained our silver medal in the EcoVadis 2021 sustainability assessment by increasing our score from 46 to 54 out of 100 points, placing us in the 70th percentile in our industry.