Environmental Leader

KPMG’s Australian unit, which employ about 4500 staff, will be the first in the company’s global network to neutralize carbon emissions resulting from their operations and hopes to reach that goal by June 30, 2008, The Age reports.

The units biggest contributors to emissions are staff travel and electricity used in the company’s offices. Employees will be encouraged to find ways to travel less and save energy. Residual emissions will be countered by increased use of renewable sources of power, and by buying offsets.

KPMG is also considering subsidizing staff who opt to offset emissions resulting from personal travel. The overall cost of the program would be about one percent of KPMG’s $700 million annual revenue, according to the article.

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