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Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

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Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

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Federal Supplier Climate Risks and Resilience Rule

How the proposed climate risks rule impacts federal suppliers

The proposed Federal Supplier Climate Risks and Resilience rule (FAR case 2021-015) is just one of several ESG reporting requirements being implemented in the U.S. and around the world. Companies everywhere are working to navigate this new business environment and determine what rules, regulations, and laws apply to them and data they are required to disclose to be compliant.

The US government proposed this rule as part of its 2021 Federal Sustainability Plan to promote clean energy industries and jobs, and mitigate climate-related financial risk by addressing greenhouse gas emissions and protecting its supply chains from climate disruptions. If passed, all federal suppliers with over $7.5M in annual billing will need to report Scope 1 and 2 emissions, and Major suppliers (>$50M) will also be required to disclose Scope 3 emissions and climate-related financial risks, as well as set science-based emissions reduction targets.

Federal suppliers impacted by this rule can start moving toward compliance, while achieving business wins, by taking three actions:

  • Measure current GHG emissions
  • Identify and quantify climate risk
  • Set emissions reduction target(s) through SBTi

We walk through the steps for each action, highlight important information or decisions to keep in mind and explain the strategic reason for each action. 

Dive into our thinking:

Preparing your company disclosures for the proposedfederal supplier climate rule

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