‘Only 1/4 of firms disclose financial risks of climate change’

Almost three-quarters of large global companies do not acknowledge the financial risks of climate change in their annual reports. That’s according to new data from professional services firm KPMG, which compiles annual reports from 49 countries’ largest 100 businesses. It found only five countries in the world where a majority of the top 100 companies […]

Changes to distributed generators ‘could ensure energy trilemma’

Changes to the embedded benefits regime for distributed generators would help the government achieve its energy trilemma aims. That’s according to a report by KPMG, which follows government’s considerations to which embedded benefits should be modified. ‘The effects on the Energy Trilemma of changes to Embedded Benefits’ report stated the modifications would enhance security of supply, […]

Customers ‘could self-supply by 2020’

It will be “common” for customers to self-supply energy and go off the grid by 2020. That’s according to a survey by Vlerick Business School’s Energy Centre in partnership with KPMG. It asked energy executives from 24 countries, which represent 70% of the European consumers, about the changes they foresee in the industry in the […]

Solar funding cap is “positive” move for cash-strapped times

A cap on funding for solar panel projects which disappointed many has been greeted more practically by one firm in the solar supply chain. Larger solar projects won’t get cash from the renewable funding scheme under new plans announced yesterday. Jerry Hamilton, Director of Renewables and Energy Solutions at Rexel UK said: “In an ideal world, […]

Energy now biggest infrastructure concern for UK businesses

Energy has overtaken transport as the biggest infrastructure concern for British businesses, according to a survey commissioned by the Confederation of British Industry (CBI). The poll of more than 500 business leaders found 77% lacked confidence that energy infrastructure would improve in the next five years, a higher number than for transport, water, waste or […]

Ofgem chief to pick up energy role at KPMG

The outgoing boss of Ofgem is set to take on another to energy role at KPMG. When Ofgem chief executive Alistair Buchanan hangs up his hat at the regulator later this year, he will go on to be Chairman of the Big Four accountancy firm’s Power & Utilities practice. After 10 years at the helm […]

US ‘best at pushing firms to be green with taxes’

The United States is the best when it comes to pushing corporate firms to be more sustainable with taxes, according to new research released by KPMG yesterday. In a new Green Tax Index ranking 21 countries which are most actively using green tax codes, the USA came first for its “extensive and long-established programme of federal […]

600 jobs gone as Scottish Coal mines close

Nearly six hundred jobs have been canned at six mines in Scotland as Scottish Coal went into administration, it was announced on Friday. KPMG announced the job losses at the mining company as it took over the liquidation process. 142 employees have been kept on to help secure the sites. The closure will come as […]

Confidence in infrastructure plans “ebbing away”

Business confidence in the Government’s plans for infrastructure is “ebbing away” according to a new survey from the CBI and KPMG which found a majority see the infrastructure of our European neighbours is better. Although energy costs have a “particularly important” bearing on investment for more than 90% of companies in the manufacturing sector, according […]

Business backs Clegg’s green growth

UK plc gave Nick Clegg the nod yesterday after he launched his ‘green growth’ initiative. In a speech at the KPMG headquarters, Canary Wharf’s ‘greenest building’, The Deputy Prime Minister said decarbonising our economy was the “right thing to do, economically speaking.” He wasn’t the only one flying the green flag. The CBI agreed it […]