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  "documentTitle": "Our Impact Plan 2023",
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      "text": "Our commitment: Give financial markets, clients and our leaders clear, comprehensive, high-quality information on the impacts of climate change",
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      "text": "Climate risk refers to how we assess the consequences, likelihood and responses to the impacts of climate change and how we, as a business, will adapt to meet these challenges.",
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      "text": "Climate risk refers to how we assess the consequences, likelihood and responses to the impacts of climate change and how we, as a business, will adapt to meet these challenges. This includes our whole value chain — from how we work with our suppliers through to the services we provide our clients.",
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      "text": "We continue to report annually to CDP on our collective performance and management for climate-related issues. This year we maintained a B grade, displaying co-ordinated action on climate issues. To further strengthen our rating, over the last year we've focused on quality assurance, supply chain engagement and assessing climate risk under a range of scenarios using the KPMG Climate IQ platform, a multi-industry risk management tool that enables companies to identify, quantify and manage their exposure to physical and transition risks due to climate change.",
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      "text": "In FY22, we conducted a Task Force on Climate-related Financial Disclosures (TCFD)-compliant scenario analysis to explore our exposure to transition risk across the largest countries and territories in which KPMG firms operate. The assessment financially quantified the risks and opportunities arising from climate change and the low-carbon transition. The outcomes of this assessment are being reviewed and integrated into our quality and risk and other relevant processes. They will form part of the evaluation of our climate strategy and performance, which our Global Board reviews annually. This scenario analysis will form a foundation for future CDP responses and TCFD reporting.",
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      "text": "KPMG plays an active role on the TCFD Board, which includes Simon Weaver, Partner and Co-Head of Climate Risk and Strategy at KPMG in the UK. Through the TCFD, we're helping drive how organizations should disclose consistent information on climate-related financial risk and the potential impacts, as well as drawing attention to the strategic benefits of good climate risk management.",
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      "text": "4 A B-score indicates that a company is showing some evidence of managing its environmental impact but is not undertaking actions that mark it out as a leader in its field.",
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