Achieve net-zero carbon emissions by 2030.
In 2019, we achieved our 2020 target of reducing our CO2e (carbon dioxide equivalent) emissions per full-time equivalent (FTE) by 10 percent compared to 2016. In fact, net CO2e emissions per FTE fell 13 percent over this period. We have used this momentum to set new, even more ambitious goals for 2030. Our in-house experts developed a carbon forecasting model to map the sources and impact of our emissions, to understand what we need to do to accelerate decarbonization. As a result, we’ve set a new global commitment to become a net-zero carbon organization by 2030. This will see us:
- Cut greenhouse gas emissions (direct and indirect) by 50 percent between 2019 and 2030 as part of a 1.5oC science-based target
- Source 100 percent renewable electricity by 2022 in Global Board countries, and by 2030 for the wider global organization
- Offset any remaining emissions we cannot remove from our operations and supply chain, by investing in externally accredited carbon removal projects.
As part of this decarbonization plan, we will also focus on reducing business travel through new ways of working and creating sustainable supply chains.
To date, nine KPMG firms are carbon neutral, accounting for 15 percent of our workforce, while net CO2 emissions per FTE have come down by 13 percent between 2016 and 2019. This has been achieved by reducing our impact from activities like air travel. This year, as a result of the pandemic and our investments in technology, we expect to see further reductions that enable KPMG firms to rebase the level of flights required for client work and for cross-border training, meetings and collaboration.
Across the world, in 2019, 57 percent of our electricity came from renewable sources and if our progress continues as we expect, we will exceed our 2020 target of 60 percent. The move to renewable energy from some of KPMG's largest firms is helping to drive this pace. Most significantly, during this reporting period (1 January 2019 - 31 December 2019), KPMG in the US has managed to reach 100 percent renewable electricity.
These achievements were underpinned by improvements in our systems and processes, which have helped improve completeness and accuracy of our climate-related performance and reporting.
Detailed information on our sources of emissions can be found here (PDF 378 KB).
Climate-related data represents the reporting period 1 January 2019–31 December 2019. This reflects the data of 41 KPMG firms which has been used to estimate total emissions on a global basis.
Our carbon reduction plan will aid not only our own progress towards reducing the effects of the climate on tomorrow's world, but it will also contribute to our clients’ efforts to reduce their end-to-end carbon footprint. With this new set of global commitments across KPMG, I am confident that we are making the right decisions today to make a difference tomorrow.
Global Chairman & CEO
Our Impact Plan represents the collective environmental, social and governance commitments of independent KPMG firms, affiliated with KPMG International Limited. The data represented in Our Impact Plan is aggregated data from KPMG firms for the 12 months to 30 September 2020 unless stated otherwise. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. Where the term “ KPMG,” “ firm,” “ we” or similar references are used without definition, they are meant to collectively refer to KPMG International Limited and the independent KPMG firms.