KPMG has launched a new code of conduct for its suppliers.
The
accountancy firm is the first in the UK finance sector to implement such a code. It has written to its contract suppliers to request they agree to the code of conduct, which covers ethical and environmental principles.
Other areas of employee fairness and environmental impact are also included on the code, which is designed to be part of the firm's sustainable procurement programme.
Mark Powderham, head of procurement at KPMG, said the firm has been "embedding corporate social responsibility (CSR)" in the firm over recent years.
"Bought-in goods and services are critical to the achievement of our CSR and diversity objectives and as such the logical next step is to integrate our suppliers and contractors within our approach," explained Mr Powderham.
A recent survey by the
accountancy firm found that 50 per cent of global power and utility companies feared the risk of a "bubble" in the renewable energy industry.
KPMG claims that businesses are paying high premiums to cut emissions in order to be ahead of future government targets.
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