KPMG has announced its plans to become a net-zero carbon organisation by 2030.
The firm said its intentions were to continue to focus on delivering growth in a sustainable way and providing climate solutions for member firms, clients and society.
The organisation has reportedly signed up to a series of new climate actions, including a “1.5°C science-based target” which will focus on achieving a 50% reduction of KPMG’s direct and indirect greenhouse gas emissions by 2030.
Additionally, KPMG has committed to 100% renewable electricity by 2022 in its board countries, and by 2030 for the wider network.
The firm said it aims to remove any remaining greenhouse gas emissions through “externally accredited voluntary carbon offsets” which would mitigate the remainder it cannot remove from its operations and supply chain.
KPMG said it’s taken a rigorous approach by using “in-house experts” to project KPMG’s path to decarbonisation and has developed a carbon forecasting model for its firms that enables bottom-up target setting.
The organisation will also reportedly track its progress against the new commitments by measuring and reporting to the Carbon Disclosure Project and the Science Based Targets Initiative.
KPMG will work closely with its employees to educate colleagues on the new commitments and mobilise teams to support the journey towards a more sustainable future.
Bill Thomas, chairman and CEO of KPMG International, said: “We have made real, and valuable, progress in our efforts to help KPMG member firms and clients grow sustainably, but the size of the challenge we all face globally on climate means we must go further.
“I am pleased that the new commitments we are announcing today will help to accelerate our ambitions to deliver on a more sustainable future, inspiring confidence among our teams and stakeholders and empowering them to change how we shape our future.”
He added: “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.”