Energy and climate

The goal of a decarbonization strategy is to determine the most effective approach to reducing negative environmental impacts. A properly prepared strategy aims to reduce greenhouse gas emissions through optimization mechanisms and efficiency increases, including more efficient use of energy, switching to renewable energy sources, minimizing waste, and conscious selection of suppliers.

KPMG’s expert team of engineers, economists and energy specialists help companies find their way in the dynamically changing world of energy. Thanks to KPMG’s international resources, we have developed a global set of data and solutions used by leading companies that have made the energy transition based on a carefully planned change strategy.

Companies are already beginning to be required not only to calculate and reduce their carbon footprint until they achieve climate neutrality, but also to consciously approach their impact on biodiversity, the availability of natural resources, and their progress toward implementing the concept of a circular economy.

The carbon footprint is an environmental indicator measuring the impact on climate change of an organization’s operations or products (over their life cycle). The need for businesses to calculate their carbon footprint is driven by regional and national climate commitments, financial sector requirements, and increasing pressure from customers and consumers. It is also necessary to develop an effective decarbonization strategy.

Climate change is one of the greatest environmental, social and economic threats to humanity, including business. Its effects will threaten infrastructure and supply chains. However, these challenges are not only threats, but also opportunities to adapt to climate change, a new imperative of strategic management.

KPMG provides comprehensive services helping clients understand the climate risks in their operations and supply chain, hedge against risks, and seize opportunities in compliance with mandatory reporting, the voluntary TCFD reporting framework and ESRS standards.

Corporate organizations account for about two-thirds of the world’s final energy consumption, which is why they will play a key role in decarbonizing the economy by 2050. Until recently, most companies treated purchasing of electricity as a cost to be managed, rather than a strategic area of risk reduction and value creation. This has changed in recent years, as there are many options for companies to reduce greenhouse gas emissions from the electricity they consume.

We support businesses seeking to reduce their negative climate impacts. We offer access to high-standard—realistic, measurable and tested—carbon projects bringing the economy closer to climate neutrality.

Protecting biodiversity is a pillar of sustainability. By expressing its concern for biodiversity, a company can help build a business model with long-term resilience to the challenges it faces.

Strategies for transformation of the European Union’s economic model demonstrate the need to spread the vision of a circular economy. For businesses, this means they need to reexamine all stages of their products’ life cycle. KPMG has developed a comprehensive service to support companies in this transition.

From reporting emissions to balancing the difference in climate costs of imported products, the KPMG team helps clients understand and adapt to this new mechanism of the EU’s climate policy.

Reducing the carbon and environmental footprint in construction is increasingly demanded by EU legislation and by market participants who care about their reputation.

KPMG’s expertise will help you appreciate the dynamic legal and market environment and exploit the opportunities offered by the green transition of the economy.