KPMG said it has set a goal of reducing its member firms' carbon emissions by 25 percent between 2007 and 2010 as part of a "global green initiative."

"Climate change is now widely regarded as one of the most serious challenges the world faces," said KPMG International chairman Timothy Flynn (pictured) in a statement. "It has reached a tipping point in global awareness and demands a global response."

To accomplish the goal, KPMG plans to measure, reduce and report on its carbon footprint; support community environmental projects; and work with employees, suppliers and clients on helping them go green. Flynn said that many of KPMG's member firms already have begun reducing energy consumption through energy-efficient buildings and finding alternatives to business travel. The firm has also been working with business partners and some nonprofit organizations on environmental programs.

KPMG's clients have shown increasing concern about climate change. The firm has in place a Global Sustainability Services network that provides services to clients for managing and reporting on their carbon emissions.

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