• Service: Advisory, Risk Consulting, Climate Change & Sustainability Services
  • Type: Press release
  • Date: 4/23/2008

KPMG announces global initiative to reduce carbon emissions by 25 percent 

23 April 2008


KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, today announced a three tiered global approach to help address the challenges of climate change named "KPMG's Global Green Initiative."


"KPMG's Global Green Initiative is a global commitment by KPMG member firms on a very serious issue," said Timothy P. Flynn, Chairman, KPMG International. "Climate change is now widely regarded as one of the most serious challenges the world faces. It has reached a tipping point in global awareness and demands a global response".



Twenty Five Percent Reduction by 2010


"The principal ambition of 'KPMG's Global Green Initiative' will be to reduce our member firms' combined carbon footprint by 25 percent by the year 2010 from a 2007 baseline, through emission reduction schemes and the use of renewable energy in our member firms," Flynn said. In addition, we will provide our member firms' employees with the information and tools that they need to improve their own climate impacts both in the workplace and at home."


"KPMG's Global Green Initiative is centered on three commitments," Flynn said, "first, measuring, reducing and reporting KPMG's carbon footprint; second, supporting environmental projects to help address the challenges of climate change within our wider commitment to our communities, and third, working with our employees, suppliers and clients to help them improve their climate change impacts.


"Many KPMG member firms around the world have already set out ambitious climate change programs - from reducing our energy consumption through energy-efficient buildings and finding alternatives to business travel, to working with our business partners and selected not-for-profit organizations on verifiable and credible environmental program," he added.


KPMG's Global Green Initiative: Vital Part of Global Corporate Citizenship


Lord Michael Hastings, KPMG International's global head of citizenship and diversity, added, "We are committed to addressing climate change by acting as good corporate citizens, and KPMG's Global Green Initiative is a vital part of KPMG's global corporate citizenship, sustainability and social responsibility programs."


"We observe among our firms' clients around the world that the subject is steadily moving up their agendas. They recognize that climate change has strategic and financial implications for their businesses, presenting both risks and opportunities. Business can, and should, be part of the solution," he said.


"KPMG's Global Green Initiative represents a realistic and attainable set of goals. We have utilized the experience of KPMG's Global Sustainability Services® network, which has more than 15 years sustainability experience and provides services to our firms' clients on meeting, managing, and reporting their carbon emissions, and of many of our member firms who have already made impressive reductions themselves," Lord Hastings said.


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About KPMG


KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 145 countries and have more than 123,000 professionals working in member firms around the world.


The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.


About KPMG China


KPMG China has eleven offices (including KPMG Advisory (China) Limited) in Beijing, Shenyang, Qingdao, Shanghai, Chengdu, Hangzhou, Fuzhou, Guangzhou, Shenzhen, Hong Kong SAR and Macau SAR, with more than 7,000 professionals.


In 1992, KPMG became the first international accounting firm to be granted a joint venture license in China, and our Hong Kong SAR operations have been established for over 60 years since 1945. This early commitment to the China market, together with our unwavering focus on quality, has been the foundation for accumulated industry experience that cannot be rivaled, and is reflected in our appointment by some of the China's most prestigious companies.


As China businesses join the global economy and international companies seek to enter the China market, KPMG's blend of international experience and local knowledge makes us well-positioned to serve our clients in this increasingly complex, but exciting market.


Our single management structure for all our China offices allows efficient and rapid allocation of experienced professionals wherever the client is located in China. The flexibility of this single structure allows us to effectively serve companies across China - and we have many projects where staff from different offices work together on project under the control of a single nominated client partner, who has operational control of all resources.


Our business in China has established industry groups, enabling targeted, industry-specific experience to be delivered where needed. For our clients this focus on industry and country specific knowledge means we can deliver exceptional people with an intimate knowledge of your specific business issues, as well as an overriding commitment to strive for the highest quality services. KPMG has a leading position in the China market and our clients include the most prestigious and sizeable companies.


For media enquiries, please contact:

Nina Mehra

Director, Media Relations

KPMG China

 +852 2140 2824 (Direct)

   +852 9724 6092 (Mobile)



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