KPMG — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2025· 1 event
With effect from 1 October 2024 (post-balance sheet), KPMG LLP merged with KPMG AG, the Swiss member firm. KPMG Holding LLP became the new parent entity. KPMG AG had ~145 partners, 2,501 staff and revenues of CHF711m (£635m). Future financial statements will be consolidated at KPMG Holding LLP level.
sustainability_report p.63
2024· 12 events
KPMG UK has had a CO2e cap in place for new company cars for many years. In FY24 a new interim milestone was introduced to phase out all existing petrol and diesel cars and replace them with hybrid or electric cars by September 2027, with a full transition to 100% electric company cars by end of 2030. Interim milestones to phase out diesel/petrol fleet up to 2030 have been established, and an EV charging point roll-out is underway across KPMG UK sites.
sustainability_report p.77
KPMG UK has operated a Responsible Supply Chain Programme since FY12, engaging top suppliers to manage the carbon impact of its supply chain. The SBTi-approved target is to reduce absolute Scope 3 supply chain emissions by 25% by 2030 from a 2017 baseline, engaging 100+ suppliers. As of FY24, 189 suppliers have been engaged on climate. The new Responsible Supply Chain Programme launched in FY24 includes two strategic pillars: 'Climate and Decarbonisation' and 'Nature, Waste and Lifecycle Management'. Training sessions on Reducing Carbon Emissions and Setting Science-Based Targets have been delivered to suppliers, and CDP disclosure is facilitated for key suppliers.
sustainability_report p.77
An Internal Carbon Price was first set in FY22, designed to drive positive decision-making on business travel and utilities consumption and to fund emissions reduction initiatives. In FY24 KPMG UK conducted a review of ICP terms of reference and investment principles to expand the scope of projects that can be funded via the ICP, ensuring it continues to support the firm's commitment to become a net zero business. The ICP is discussed and reviewed by the Environmental Working Group and Environment Steering Committee, with investments reported to the Operations Executive.
sustainability_report p.76
FY24 is the first year KPMG UK is reporting fugitive emissions (F-gas) as part of Scope 1, and emissions from waste generated in operations as part of Scope 3. Comparative data has been recalculated to include these metrics. Fugitive emissions in FY24 were 48,677 kgCO2e.
sustainability_report p.80
KPMG UK is currently modelling its roadmap with a view to receiving validation for its re-baselined near-term target and new Net Zero target from the Science-based Target Initiative by early 2025, as per the SBTi five-year re-baselining requirement.
sustainability_report p.75
As part of ongoing engagement with a third-party supplier, KPMG discovered a repeated error in a gas meter reading since 2015 at one of its properties, causing overstatement of natural gas consumption. Common parts consumption data was incorporated, resulting in an overall increase in Scope 1 Natural Gas consumption and associated emissions in 2021 and 2022 comparatives being recalculated.
sustainability_report p.80
KPMG UK's hybrid working model is described as a purposeful choice to reduce travel demand. The firm introduced a Smart Travel Policy encouraging use of rail over more carbon-intensive modes, added additional rail-mandated routes, and supports colleagues to make sustainable travel choices. Business travel emissions increased 4.7% in FY24 due to targeted international travel needs, but remain 40% lower than pre-pandemic FY19 levels. The Internal Carbon Price (ICP), introduced in FY22, is designed to drive positive decision-making on business travel and utilities consumption.
sustainability_report p.81
Grant Thornton UK LLP (also the financial auditor) was engaged to provide limited assurance over key SECR and GHG data points marked with ‡ in the carbon disclosure table. This is KPMG UK's second Climate-related Financial Disclosure report.
sustainability_report p.79
Discussions ongoing with Swiss KPMG firm to explore combining into one firm. A vote by Equity partners expected mid-2024, with potential effect from 1 October 2024. No commitment made; not reflected in financial statements.
sustainability_report p.72
KPMG UK has achieved its target of 100% renewable electricity, with all electricity now backed by Renewable Energy Guarantees of Origin (REGOs). The firm continues to purchase renewable energy for its managed estate and purchases additional Guarantees of Origin for landlord-managed offices. 378 solar panels at the Canary Wharf head office have generated over 107,500 kWh of renewable energy since October 2024. A gas reduction roadmap to 2030 is being pursued through boiler efficiency upgrades, building management system improvements, and ongoing review of renewable gas options through the Environmental Working Group. The target is 100% electric company cars by end of 2030.
sustainability_report p.81
KPMG UK manages energy consumption through its ISO50001 Energy Management System and ISO14001 Environmental Management System. In FY24 gas consumption decreased 33% and electricity consumption decreased 6.3% year-on-year, with overall office energy down 14% vs FY23. Investments include LED lighting upgrades, boiler/water heater/chilled water pump replacement in Leeds, air handling unit motor upgrades at Canary Wharf, and continued floorspace reduction. Engineers benefit from an auto-approval mechanism for projects with a three-year payback.
sustainability_report p.81
KPMG UK explicitly states it does not use carbon offsets towards carbon reductions. The firm's stated approach to decarbonisation focuses on operational efficiency, renewable energy procurement, supply chain engagement, and internal carbon price-funded projects rather than offsetting. There is no mention of carbon removals (DAC, BECCS, biochar, etc.) in the current disclosure.
sustainability_report p.81
2023· 12 events
KPMG manages energy consumption through its ISO50001-certified Building Management System (BMS), controlling key engineering equipment. FY2023 projects included ongoing LED lighting upgrades, boiler finetuning, and a pilot of improved-efficiency air handling units at Canary Wharf. Modified temperature controls reduced heating and cooling energy. Gas consumption decreased by 10% year-on-year, while the firm targets switching to renewable gas across its estate by 2030.
sustainability_report p.84
Air travel emissions rose from 7,224,519 kgCO2e in FY2022 to 20,838,464 kgCO2e in FY2023 due to lifting of COVID-19 travel restrictions and return of client-facing travel, though still below pre-pandemic levels.
sustainability_report p.83
KPMG's hybrid working model enables colleagues to split time between home, office and client sites, reducing the need for commuting and some business travel. The firm uses Microsoft Teams for remote collaboration and supports colleagues through a greening travel strategy. An Office Concierge app launched in 2022 tracks transport mode and distance for commuting. Despite a sharp rebound in travel in FY2023 (air travel up to 20,838 tCO2e), overall travel remains below pre-pandemic levels. The Internal Carbon Price implemented in 2022 is designed to drive conscious decisions about business travel.
sustainability_report p.84
KPMG has operated a Sustainable Procurement Programme for over a decade, engaging top suppliers to manage carbon impact across the supply chain. In 2021 the programme was expanded to more than double the number of suppliers engaged, and by FY2023, 161 suppliers are engaged on climate. The firm has seen a 55% decrease in supply chain emissions since 2019. The SBTi near-term target includes a 25% reduction in Scope 3 supply chain emissions by 2030 (2017 baseline). The Sustainable Procurement Steering Committee met three times in FY23 to oversee climate-related supplier strategy.
sustainability_report p.74
KPMG implemented an Internal Carbon Price (ICP) in 2022, setting a price per tonne of carbon emitted to fund emissions reduction initiatives. The ICP is used to drive positive decision-making in business travel and utilities consumption, and investment in client services, training and operational efficiencies. The Environmental Management Group (EMG) examines ICP investments as part of its eight annual meetings. The specific price per tonne is not publicly disclosed in this report.
sustainability_report p.76
Scope 3 Purchased Goods and Services data has been re-stated as a result of reviewing and refining the methodology for spend-based calculations, using the latest guidance from CDP. This has resulted in higher emissions being calculated for prior years.
sustainability_report p.80
KPMG procures renewable electricity for its managed estate and purchases additional Guarantees of Origin (REGOs) from renewable sources to cover all electricity consumption, including landlord-managed offices not already on REGO-backed supply from April 2022. In FY2023, 100% of electricity consumed is now backed by REGOs, achieving the firm's 2024 target early. Solar panels were installed at the Canary Wharf head office in Autumn 2023, expected to save 160,000 kWh annually. The firm is also targeting 100% renewable gas across its estate by 2030, reducing gas use through boiler upgrades and building management system improvements.
sustainability_report p.84
KPMG achieved its target of procuring 100% renewable electricity across its estate, with all electricity consumption backed by REGOs. Solar panels also installed at Canary Wharf expected to save 160,000 kWh annually.
sustainability_report p.74
On 1 April 2023, all staff employment contracts were transferred from KPMG UK Limited (subsidiary) to KPMG LLP (the partnership). KPMG UK Limited has since been dormant. This affects comparability of staff-related disclosures.
sustainability_report p.29
KPMG explicitly states it does not use carbon offsets to achieve its emissions reductions. Instead, the firm focuses on operational reductions through efficiency measures, targeted investments and strategic policy changes. Engineers benefit from an auto-approval mechanism for projects with a three-year payback, enabling capital allocation to energy-saving projects across the estate. No mention of DAC, BECCS, biochar, or other removal credits is made in the report.
sustainability_report p.84
KPMG introduced a balanced scorecard for partner remuneration from 1 October 2023, including environmental performance KPIs for partners with related responsibilities. Board-level climate accountability also enhanced.
sustainability_report p.74
FY2023 was the first year KPMG reported employee commuting (1,976,450 kgCO2e) and homeworking (4,800,158 kgCO2e) Scope 3 emissions. Purchased Goods & Services were also newly included in external reporting from 2018 onwards.
sustainability_report p.83
2022· 10 events
KPMG purchases renewable energy for its managed estate and in FY2022 expanded its procurement of Guarantees of Origin (REGOs) from renewable sources to cover all electricity consumption within landlord-managed offices not already on REGO-backed supply from April 2022. As a result, 99% of electricity consumed is now backed by REGOs. This drove market-based Scope 2 emissions down to 80.9 tCO2e (vs 957 tCO2e in 2021). KPMG continues to engage landlords to transition to procuring REGO-backed renewable electricity themselves.
sustainability_report p.72
KPMG's hybrid working model enables colleagues to split time between home, office and client sites, reducing total building occupancy and associated energy consumption. The firm uses collaboration technologies such as Microsoft Teams to support remote working. Whilst gas and electricity consumption increased in FY2022 as offices returned to more normal hours, the hybrid model is designed to limit the long-term growth of office energy use relative to headcount.
sustainability_report p.72
KPMG set its first Internal Carbon Price (ICP) in 2022 to help drive a culture of climate conscious decision-making. The ICP is used to fund emissions reduction initiatives and drive decisions on business travel and utilities consumption.
sustainability_report p.74
In September 2022, KPMG received recertification to ISO 50001 (Energy Management Systems). Together with ISO 14001 Environmental Management system, these support monitoring and reporting energy consumption and total environmental impact.
sustainability_report p.72
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.
sustainability_report p.71
In November 2021, the group acquired the 25% non-controlling interest in Microsoft Business Solutions from KPMG Malta and KPMG Netherlands for £6 million total consideration. The acquisition had a £10 million impact on members' other reserves.
sustainability_report p.35
KPMG purchased additional Guarantees of Origin from renewable sources to cover all electricity consumption within landlord managed offices that weren't already procuring REGO-backed renewable electricity from April 2022, resulting in 99% of electricity backed by REGOs and market-based Scope 2 emissions falling from 957 tCO2e to 81 tCO2e.
sustainability_report p.72
KPMG focused on reducing gas consumption (one of its highest carbon impacts) by upgrading boilers at its Canary Wharf Head Office to improve efficiency. Continued LED lighting upgrades at Canary Wharf and Birmingham offices, and installed new pumps at Leeds office to improve heating and cooling efficiency. Engineers benefit from an auto-approval mechanism for projects with a three-year payback, enabling continual improvement across the estate. These measures accompanied ISO 50001 recertification in September 2022.
sustainability_report p.72
Scope 3 emissions increased from 1,907 tCO2e (2021) to 9,798 tCO2e (2022) — a ~413% increase — driven by resumption of business travel (air, rail, car) as COVID restrictions lifted. Air travel emissions rose from 1,033 tCO2e to 7,225 tCO2e.
sustainability_report p.73
KPMG launched individual traveller dashboards in FY2022, allowing colleagues to see the carbon impact of their own travel and compare against peers. The firm supports colleagues in making sustainable travel choices through its greening travel strategy. Business travel (air, car, rail) is the dominant Scope 3 category; Scope 3 emissions rose sharply in FY2022 (9,798 tCO2e vs 1,908 tCO2e in 2021) as COVID travel restrictions were lifted, highlighting the materiality of this lever.
sustainability_report p.72
2021· 11 events
Business travel across all forms of transport reduced dramatically due to COVID-19, causing Scope 3 total to fall from ~17,005 tCO2e in 2020 to ~1,908 tCO2e in 2021. The firm deployed predominantly remote-working model. This is a behavioural/operational change, not a methodology change, but it materially affects year-over-year comparability.
sustainability_report p.75
KPMG UK implemented energy efficiency improvements across its office estate including a Building Management System upgrade in its Leeds office, LED implementation at Canary Wharf Head Office, and upgrades to Air Handling Units. Engineers benefit from an auto-approval mechanism for projects with a three-year payback. Natural gas consumption fell from ~11.4m kWh to ~8.4m kWh and electricity from ~18.4m kWh to ~16.8m kWh year-on-year.
sustainability_report p.75
In May 2021, KPMG LLP completed the disposal of its restructuring business, resulting in the transfer of 22 partners and approximately 550 staff. Net consideration was £282 million, generating a profit on sale of £234 million.
sustainability_report p.35
In September 2021, KPMG received re-certification to ISO14001 (Environmental Management Systems) and holds certification to ISO50001 (Energy Management Systems), enabling more effective monitoring and reporting of energy consumption.
sustainability_report p.75
In the prior year (FY2021), KPMG LLP completed the disposal of its restructuring business, transferring 22 partners and ~550 staff. Net consideration was £282 million, profit on disposal £234 million. Revenue from the restructuring business of £81 million is excluded from FY2022 like-for-like comparisons.
sustainability_report p.35
In November 2021, the group disposed of KPMG Crimsonwing BV, the Microsoft Business Solutions entity in the Netherlands. Group received consideration of £19 million, generating a profit on disposal of £16 million. This is distinct from the prior year disposal of the restructuring business.
sustainability_report p.35
KPMG UK purchases renewable energy for its managed estate and collaborated with landlords in leased buildings to align renewable energy procurement with Scope 1 and 2 Science-Based Targets. In 2021, 82% of the electricity consumed is purchased with Guarantees of Origin from renewable sources. The firm is engaging remaining landlords to transition to REGO-backed renewable electricity in the short-term.
sustainability_report p.75
KPMG uses GHG Protocol standards and guidance documents, applying carbon conversion factors issued annually by the UK Department for Business, Energy & Industrial Strategy (BEIS). The firm uses electronic data collection and extrapolation for data gaps. It holds ISO14001 and ISO50001 certifications to strengthen energy monitoring and reporting. SECR-compliant disclosures cover Scope 1, 2 and selected Scope 3 categories.
sustainability_report p.75
KPMG UK references its Science-Based Targets in relation to Scope 1 and 2 emissions and collaborated with landlords to purchase renewable electricity. 82% of electricity consumed is from renewable sources via Guarantees of Origin.
sustainability_report p.75
Average group headcount fell from 16,187 in 2020 to 14,940 in 2021, primarily due to the disposal of the restructuring business (~550 staff) and pensions business in prior year (~500 staff), plus general workforce adjustments.
sustainability_report p.31
The firm deployed a predominantly remote-working model in 2021 due to COVID-19. From September 2021, KPMG entered a 'Reconnection Phase' with employees attending offices four days a fortnight. Microsoft Teams achieved 99% uptake as the default communication tool. Business travel emissions fell from ~14,472 tCO2e in 2020 to ~1,171 tCO2e in 2021, with air travel reducing from ~12,809 tCO2e to ~1,033 tCO2e.
sustainability_report p.75
2020· 12 events
KPMG purchases 85% of its electricity consumption with Guarantees of Origin from renewable sources. The firm continues to purchase renewable energy for its managed estate and collaborates with landlords in leased buildings on renewable energy performance. ISO 50001 certification (achieved November 2019) underpins systematic energy management and identification of further renewable opportunities.
sustainability_report p.76
KPMG UK was first of the Big Four to set a Science-Based Target in FY20, aligned with a 1.5°C temperature scenario. Absolute targets include 100% reduction in Scope 1 & 2, and 25% reduction in Scope 3 supply chain emissions by 2030, from a 2017 baseline. The firm is currently undergoing a re-baselining exercise to validate updated targets by early 2025.
sustainability_report p.66
KPMG deployed remote collaboration technology across the firm in FY2020. In the first half of the year this reduced business travel; by the second half it became the default method of business communication. This drove a ~63% reduction in air travel emissions (from 34,957 tCO2e to 12,809 tCO2e) and total Scope 3 emissions fell from 44,557 tCO2e to 17,005 tCO2e year-on-year. The firm views remote working as both a pandemic response and a longer-term tool to reduce travel emissions.
sustainability_report p.76
In December 2019, KPMG LLP entered into a conditional agreement to sell its pensions advisory business. The sale completed on 2 March 2020, transferring 20 partners and approximately 500 staff. Net consideration was £128 million, profit on sale £115 million.
sustainability_report p.35
KPMG LLP entered a conditional agreement in December 2019 to sell its pensions advisory business. Sale completed 2 March 2020, transferring 20 partners and ~500 staff. Net consideration to KPMG was £128m; profit on disposal £115m. Revenue impact: group revenue reduced by ~£24m had disposal occurred at 1 October 2019.
sustainability_report p.34
COVID-19 materially reduced business travel in FY2020. Remote collaboration technology deployed in first half of year reduced travel; in second half it became the default communication method. Air travel emissions fell from 34,957 tCO2e (2019) to 12,809 tCO2e (2020), a ~63% reduction. Total Scope 3 fell from 44,557 tCO2e to 17,005 tCO2e.
sustainability_report p.76
KPMG achieved ISO 50001 Energy Management System certification in November 2019, enabling systematic monitoring and reporting of energy consumption. Electricity consumption fell 20% in FY2020 due to reduced office estate use during COVID-19. Natural gas consumption was 11.35 million kWh in 2020 vs 12.03 million kWh in 2019. The firm actively manages its office estate and collaborates with landlords on renewable energy in leased buildings.
sustainability_report p.76
KPMG LLP adopted IFRS 16 from 1 October 2019 using the modified retrospective approach. This resulted in recognition of £515m of right-of-use assets and £573m of lease liabilities at transition date. Prior year comparatives not restated. Material impact on PPE (up from £157m to £584m) and total debt.
sustainability_report p.23
Electricity consumption reduced 20% against 2019 due to reduced use of office estate during the pandemic. Natural gas remained broadly the same as lockdown occurred during warmer months.
sustainability_report p.76
In November 2019, KPMG achieved certification to ISO 50001, the standard for Energy Management Systems (EnMS). This enabled more effective monitoring and reporting of energy consumption and identification of areas for improvement.
sustainability_report p.76
KPMG collaborates with its landlords in leased buildings on renewable energy performance. Given the firm's large office footprint (right-of-use assets of £455m, primarily office buildings), engagement with building owners is a key lever for reducing Scope 3 upstream leased asset emissions. This dependent lever supplements the firm's direct renewable electricity procurement through Guarantees of Origin.
sustainability_report p.76
In 2020, KPMG became the first of the Big Four to set a science-based target aligned with a 1.5°C temperature scenario, approved by SBTi. Target to reduce absolute Scope 1 & 2 by 100% and Scope 3 supply chain by 25% by 2030 (2017 baseline).
sustainability_report p.74