KPMG UK recognised with ‘A’ score for transparency on climate change

KPMG UK has been recognised for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’.

Based on data reported through CDP’s 2022 Climate Change questionnaire, KPMG is one of 283 companies that achieved an ‘A’ - out of nearly 15,000 companies scored.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are scored an F.

Rachel Hopcroft, Partner and Head of Corporate Affairs at KPMG in the UK, said:

“Companies have a more crucial role to play than ever in limiting climate change to 1.5°C. Disclosure is the first step in effective action, and we’re delighted to be named on CDP’s Climate Change A List for our commitment to environmental transparency. A big thank you to all the KPMG people and teams who contribute year-round to reduce our environmental impacts as we work towards our goal of Net Zero.”

KPMG’s environmental strategy builds on the steps its already taken and sets ambitious, science-based targets that challenge the firm to go even further in reducing its impact on the planet, including working closely with its clients, suppliers, communities and people so that they can do the same. 

KPMG UK has made significant investments to improve the energy efficiency of its buildings, including the implementation of new technologies such as using advanced digital motor technology, LED lighting, and heat pumps to reduce our gas demand.  The company continues to finetune its offices through ongoing monitoring using the building energy management systems and procure from renewable energy.

They have also engaged over 100 suppliers through its award-winning Sustainable Procurement Programme to help them measure and reduce their emission.  In addition, they launched the carbon traveller dashboard to help colleagues make smarter business travel choices, and reduced waste across their offices as part of its journey to become a zero-waste business by 2030.

Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said: “Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future. In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List – and those wanting a place on it – do the same.”

The full list of companies that made this year’s CDP A List is available here: https://www.cdp.net/en/companies/companies-scores