Joint venture with Acceleris Capital Subsequent to year end, on 1 November 2022, the group completed the purchase of a 50% share of Acceleris Capital Limited, creating a Joint Venture.
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Partner remuneration scorecard now includes climate KPIs From 1 October 2023 KPMG introduced a balanced scorecard for partner remuneration that includes environmental performance for those with related responsibilities.
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Purchased Goods & Services 2023 restated using spend-based methodology Due to CDP timelines this year, supplier-specific data was not available at the time of reporting. As a result, an alternative, purely spend-based methodology has resulted in higher emissions being calculated for Purchased Goods & Services in FY23.
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Scope 1 natural gas restated due to billing investigation Common parts gas consumption was already included in 2022; the restatement has led to a decrease in Scope 1 Natural Gas consumption and associated emissions for this period. Earlier years had been overstated due to repeated error in gas meter reading from a landlord since 2015.
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First-time reporting of Employee Commuting and Homeworking emissions 2023 was the first year that KPMG reported Employee Commuting (1,976,450 kgCO2e) and Homeworking (4,800,158 kgCO2e) emissions. Improves completeness of Scope 3 disclosure.
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Achieved 100% renewable electricity — market-based Scope 2 to zero KPMG achieved its target of procuring 100% renewable electricity by 2024 ahead of schedule, bringing market-based Scope 2 emissions to 0 in 2023 (vs 80,923 kgCO2e in 2022). Location-based emissions still rose due to estate occupancy returning post-pandemic.
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Limited assurance over GHG data by Grant Thornton Grant Thornton UK LLP engaged to provide limited assurance over emissions data marked with ǂ.
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First standalone TCFD-aligned Climate-Related Financial Disclosure This year marks the publication of the firm's first Climate-Related Financial Disclosure (TCFD), in line with The Companies (Strategic Report)(Climate-related Financial Disclosure) Regulations 2022.
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All UK staff transferred from KPMG UK Limited to KPMG LLP on 1 April 2023 All UK staff employment contracts (average 16,840) were transferred from KPMG UK Limited (a subsidiary) to KPMG LLP on 1 April 2023, affecting comparability of staff cost lines between group/partnership.
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Business travel emissions nearly tripled vs 2022 Air, car and rail travel emissions rose from 8,115,384 kgCO2e in 2022 to 22,364,257 kgCO2e in 2023 — a 175% increase as travel restrictions lifted post-pandemic. Government conversion factors for air travel also increased. Still below pre-pandemic (2017: 38,067,461 kgCO2e).
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