The world faces crises on multiple fronts and businesses have an opportunity to lead. That is why we are changing how we do business and helping our clients transform theirs by putting environmental, social and governance (ESG) issues at the heart of everything we do.
We believe the ESG agenda and how we measure progress against it is a key driver of long-term value creation for all businesses. To hold ourselves to account, we brought together our firm’s ESG commitments under one umbrella called KPMG: Our Impact Plan. We then separately announced a multibillion-dollar plan for our firm to help others achieve their ESG goals by embedding ESG in everything that we do and offer.
Cataloguing data across our global organization to measure, set goals, and report
KPMG: Our Impact Plan provides a roadmap for our organization to become net-zero by 2030, to create inclusive and fair workplaces, to drive sustainable and purposeful growth for our clients, and to build trust in and harness the power of the capital markets to spur needed innovations.
Mindful that you can’t change what you can’t measure, we catalogued current data across the global organization. We reported against metrics outlined in a report created by the World Economic Forum (WEF) and drafted in consultation with its International Business Council (IBC), titled Measuring Stakeholder Capitalism, which KPMG had a key role in shaping.
KPMG member firms throughout our organization are working towards these goals to change for better, and we will continue to strengthen the commitments outlined in Our Impact Plan and improve reporting on our progress in the months and years to come.
Investing $1.5 billion to help clients achieve goals on their own ESG journeys
We also plan to spend more than US$1.5 billion over the next three years specifically to focus on ESG and support our clients in making a positive difference. The collective investment will focus on training and expanding KPMG’s global workforce, harnessing data, accelerating the development of new technologies, and driving action through partnerships, alliances and advocacy.
The key to the transformation will be embedding ESG in the organization and client solutions to drive measurable change, and our global ESG investment will help equip our people to make a difference, as well as mobilize data and technology in support.
ESG will be the watermark running through KPMG
It is incumbent on all of us — as businesses and as individuals — to play our part in tackling the challenges that threaten the future of our planet and the quality of life of people throughout the world.
KPMG has a responsibility to help shape and lead on the many critical issues facing the world and to use our capabilities to make a difference. We have a rare combination of scale, expertise and technology that can help drive positive and lasting change throughout the world. To help us reach that goal, ESG will be the watermark running through our global organization; from empowering our people to become agents of positive change, to the services with our clients and our partnerships with critical stakeholders.