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      Sustainable asset & infrastructure management

      As the world prepares for a new reality coming out of the COVID-19 pandemic, there is a clear necessity at this moment to rethink how we can rebuild the global economy and societies for a more resilient and sustainable future. Now more than ever we should be aware of our impact on the planet and our vulnerability to threats of a global scale.

      Resilience, mitigation, preparedness and sustainable growth are at the top of the agenda in board rooms, legislative chambers and the public domain. Governments around the world are turning to infrastructure as a means to boost economic growth. The prioritization of green infrastructure projects through mechanisms like sustainable finance and robust ESG criteria can help to ensure that we emerge from the COVID-19 crisis more resilient to address imminent threats including climate change.

      KPMG Belgium is involved in this critical industry transformation, bringing together our respected asset management and sustainability practices to work closely with private and public sector asset owners, operators and investors in several key areas. Together, KPMG professionals are helping clients to plan, build and manage infrastructure programs that are environmentally resilient, socially impactful and deliver sustainable economic growth for current and future generations.

      How we can help

      KPMG Sustainable Infrastructure & Asset Management professionals can provide the following services for your business:

      • Inclusion of climate models (e.g. flooding and drought models) into your decision-making process;
      • Expanding geographical analytics and dashboarding with strategic, financial and sustainability dimensions in order to improve strategic decision-making;
      • Providing a multi-sided platform for the various stakeholders (e.g. asset owners, regulators, municipalities, etc.) involved in effective policy execution;
      • Smart city offerings: Multi-utility models in which the priorities of different utilities (electricity, gas, water, sewage etc.) within a city are modeled taking into account the technical constraints, the financial impact, the impact on traffic and the impact on the environment.
      • Demonstrate how your activities and assets impact society not only from a financial perspective but also from an economic, social and environmental perspective via the KPMG True Value methodology.

      ESG in Tax & Regulatory

      With Environmental, Social and Corporate Governance (ESG) getting more and more attention at board level, tax also becomes an increasingly important component in a company’s ESG strategy.

      Companies are aware that the role of tax is evolving from the minimum standard of compliance to a broader discussion around a company’s global approach on tax and the overall economic contribution to society.

      Also the growing importance of green taxation as a tool to limit the impact of a company’s activities on the environment will require companies to assess the environmental impact of their processes and (downstream and upstream) supply chain. Goal settings that are aligned with increasing global climate ambitions and translated into short term and long-term actions in the field of decarbonization, renewables, water-scarcity, circularity, energy efficiency and innovation, will guide companies to sustainable growth.

      The monitoring of and the reporting on the progress made in achieving these goals will also be necessary to obtain the required private and public funding in order to make the transition to a more sustainable economy happen.

      Our tax and legal experts are specialized in identifying ESG risks and opportunities resulting from upcoming changes in taxation and sustainable finance.

      How we can help

      KPMG tax and legal subject matter specialists can provide support in the following areas to help you develop and implement a sustainable tax and regulatory ESG Strategy:

      • Assistance with developing a tax ESG strategy by mapping the existing (environmental) tax contribution of a company;
      • Impact assessment of upcoming changes (e.g. Carbon Border Adjustment Mechanism, changes to the EU Energy Taxation Directive, Plastics Tax,…) and the possible (in)direct tax and customs aspects resulting from potential changes to the supply chain;
      • Assistance with the (in)direct tax structuring and excise duties aspects of renewable energy projects (solar, wind (offshore and onshore), bio-mass,…) as well as other new innovative projects (CO2 capture and storage, decentral production of process/drinking water,…) making use of the available tax incentives at federal and regional level;
      • Assistance with the (in)direct tax and excise duties aspects of sustainable energy sourcing (Power Purchase Agreements,…);
      • Implementation of sustainable flexible reward schemes for employees (electric vehicles, e-bikes,…) and the impact of ESG on global mobility;
      • (In)direct tax and excise duties aspects of new business models (e-roaming services for electric vehicles,…);
      • Providing insights on upcoming tax and regulatory changes and initiatives on federal, EU (EU Green Deal,…) and global level;
      • Understanding the various environmental levies and incentives (electricity, gas, water, waste,…) at federal and regional level.

      ESG Due Diligence

      In today’s business world, issues like child labor, carbon emissions, fair tax and corruption bring complex and costly risks, as well the opportunity to gain competitive advantage by doing things differently. In short, the way a company handles environmental, social and governance (ESG) issues can affect its long-term performance and its valuation.

      That’s why, in today’s merger and acquisition (M&A) market, ESG due diligence can seal the deal or break it. A complete view of all relevant risks and opportunities is critical in order to negotiate the right price and the right terms for a deal.

      Our sustainability experts are specialized in identifying ESG risks and opportunities as part of the deal process. Our due diligence regularly results in material adjustments to company valuations in an M&A context. Our ESG experts work side-by-side with financial and legal experts in KPMG Deal Advisory to offer buy-side, joint venture and sell-side clients a truly integrated and efficient due diligence service at every stage of the transaction.

      How we can help

      KPMG ESG due diligence professionals can provide the following services for business:

      1. Overview of how emerging social and environmental megatrends are likely to affect the company and its market
      2. Comprehensive assessment of the business's material ESG risks, liabilities and opportunities
      3. Benchmarking of the company's ESG policies, procedures and performance against peers and sector best practice
      4. Assessment of compliance with national regulations and international treaties
      5. Insight into how the company's ESG performance could affect its most valuable intangible assets including reputation, brand value, trust and relationships
      6. Estimates of how potential liabilities could affect costs, cash flow and the deal timeline
      7. Recommendations on adjustments to the valuation

      Sustainable supply chain

      Pressure is increasing on businesses to build sustainable supply chains. Today’s big businesses are expected to take responsibility for how their suppliers affect people and the environment.

      The list of issues to address can be daunting: from ensuring safe working conditions to paying fair wages; ending child labor to improving product traceability; using water responsibly to avoiding corruption. And there is no shortage of stakeholders ready to hold companies to account for their failings; regulators, journalists, lawyers, customers, consumers, communities and others are all piling on the pressure.

      What’s more, building a sustainable supply chain is no easy task. Modern global supply chains are so vast and complex that many companies just don’t know where their inputs come from. Gaining visibility and control can be a problem, as can keeping pace with regulations and industry commitments across multiple jurisdictions.

      Five reasons to build a sustainable supply chain:

      1. Comply with more stringent regulations and more ambitious industry commitments
      2. Respond to customer demands for better traceability, protect your brand’s reputation and build trust
      3. Mitigate business disruption and manage increasing costs due to scarcity resulting from climate change
      4. Investors are increasingly scrutinizing companies due to environmental and social concerns
      5. Opportunities to build long-term relationships with suppliers, reduce costs and increase productivity

      How we can help

      Our sustainable supply chain specialists understand the challenges you face and have the knowledge and experience to guide you through the sustainable supply chain journey by:

      To improve a business’s supply chain sustainability, there is no one-size-fits-all solution. With so many global supply chain standards and best practices available, it can be confusing to know where to start. KPMG professionals help clients understand and develop supply chain strategies and governance structures that are tailor-made to their business.

      Many companies lack visibility beyond their direct tier 1 suppliers, which is why KPMG drills down to identify and map your suppliers. KPMG specialists also help companies improve the traceability of their product ingredients from origin to the point of sale.

      Supply chains are more geographically dispersed than ever before. This makes them vulnerable to threats such as extreme weather, civil unrest and human rights abuses. KPMG professionals help companies identify and manage these risks.

      Analyzing vast amounts of supplier data can be time consuming if a company has not built in strong data management and analytics capabilities. KPMG offers a range of solutions to help companies measure, monitor and report the sustainability performance of their suppliers. KPMG specialists also provide recommendations to help suppliers improve their sustainability performance.

      Building lasting relationships with suppliers is critical to ensuring business continuity. KPMG professionals provide supplier training to build capacity and drive continuous improvement across your global supply chain.

      Design of your sustainable supply chain network taking into account social, economic and environmental objectives, including support in evaluating trade-off decisions between total supply chain/logistic costs and carbon offsetting while considering different supply chain operating strategies. Furthermore, KPMG professionals can assess additional decision alternatives, such as supplier and subcontractor selection, product allocation, capacity utilization and transportation configuration and their impact in terms of carbon footprint in sustainable supply chains.

      Get in touch

      We'd love to hear from you. Get in touch with one of our professionals, specialist groups or KPMG offices.

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