At KPMG, we are eager to pull our weight in the transition to a net-zero society and in addressing the challenges of climate change, water pollution, deforestation and biodiversity loss. Our goal is to halve our total greenhouse gas emissions by 2030 compared to 2019.
To this end, we aim to be a net-zero organization ourselves by 2050. To make this happen, we have committed to the scientific (SBTi) goal of halving our greenhouse gas emissions by 2030. With that in mind, we must, of course, ensure that our own work processes are as sustainable as possible.
As of this year, we had a 56% decrease in Scope 1 and 2 emissions compared to our 2018/2019 baseline. This progress has been supported by the expansion of our electric fleet, which has grown from 9% in 2018/2019 to approximately 80% in 2023/2024. The increase in our electric lease fleet led to an increase in electricity consumption for electric vehicle charging by around 79% which contributed to an increase in the scope 2 emissions. Our total Scope 3 emissions increased by 28% compared to our baseline, mainly due to increasing emissions from business travel and purchased goods and services (please refer to our Sustainability Statement 2023/2024).
To reduce our emissions, we use renewable energy as much as possible and set up our purchasing policy as sustainably as possible. In addition, we focus on more sustainable travel and a flexible mobility policy, and lowering the threshold for cycling, electric driving and the use of public transport.
Internal Carbon Pricing for further sustainability
Within our organization, we use a so-called Internal Carbon Price (ICP). This means that we assign a financial value to the greenhouse gas emissions caused by our business activities. We then spend this amount on projects and measures that promote sustainability. Examples include facilitating electric charging stations, purchasing green energy and making our offices more sustainable. This CPI also helps making our people more aware of our footprint and encourages sustainable behavior.
Besides ‘practicing what we preach’, helping our clients reduce their environmental footprint is the most important contribution we at KPMG can make to a net-zero society. Our experts within ESG & Sustainability Services are forerunners in this field and put their experience to full use to achieve this ambition.
