Climate Change & Sustainability Services (CC&S)
This area is home to Intellectual Capital that engages in sustainability issues. KPMG International has a multidisciplinary team of more than 350 experts in 40 countries to help organisations of various sizes and sectors to understand the context of sustainability, to engage in it, and identify the best strategy for engagement and reporting information, including risk management.
The revenues generated by these services are not expressive, but we can expect an increase in demand as a result of awareness and regulatory trend around such issues. Examples of the services provided by this department include:
- Assessment of risks and opportunities related to climate change
- Support in compiling information and completing reference questionnaires proposed by the Business Sustainability Index (ISE), Dow Jones Sustainability Index (DJSI), Carbon Disclosure Project (CDP), amongst others
- Assessment of the green house effect gases on the supply chain and/or by product
- Definition of socio-environmental Key Performance Indicators (KPIs)
- Assessing the social and environmental performance of the supply chain
- Environmental assessment and due diligence
- Developing waste management strategies
- Assessing impacts on and consumption of water resources by product (water footprint)
- Preparation and independent assurance of green house gas inventories and emissions
- Independent assurance of sustainability reports, social balance sheets, amongst others
In 2014 KPMG became the only member of the Big Four to be accredited by the National Institute of Metrology, Quality and Technology (INMETRO) in the list of companies that compile inventories of greenhouse gases in accordance with ISO 14065.
Three studies inform decisions by companies and governments about the planet's future
Expect the Unexpected - Building business value in a changing world (KPMG International, 2012) - This report analyses a system of ten sustainability megaforces that will impact each and every business over the next 20 years. The report says that if companies had to pay for the entire environmental costs of their production, they would lose an average of USD 0.41 for each USD 1.00 of earnings, which would considerably increase the complexity of the business world.
New Vision of Value - Connecting corporate and societal value creation (KPMG International, 2014) – Developed using True Value, a methodology to help businesses combine financial earnings data with monetised externality data - the study demonstrates that the disconnect between corporate value and societal value is disappearing, obliging companies to assume the management of their impact on the community and the environment.
Future State 2030: The Global Megatrends Shaping Governments (KPMG International, 2014) – In collaboration with the Mowat Centre, a public policy research Centre of the University of Toronto, the study presents the global trends that will have the greatest impact in the years ahead - demographic changes; individual empowerment; enabling technology; economic interconnectedness; public debt; economic power shift; climate change; resource stress; and urbanisation, helping governments find solutions to ensure economic prosperity, security, social cohesion, and environmental sustainability in the future.
“We know that governments alone cannot address these challenges. Business must take a leadership role in the development of solutions that will help to create a more sustainable future. By leveraging its ability to enhance processes, create efficiencies, manage risk, and drive innovation, business will contribute to society and long-term economic growth.”
Michael Andrew, Chairman of KPMG International