The 2024 update of our environmental, social and governance (ESG) commitments — holding us accountable for progress toward a more sustainable future.
A message from our
Global Chairman and CEO
Our highlights at a glance
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Governance
- Revised our Supplier Code of Conduct, articulating more clearly the expectations of our suppliers to support our ESG commitments.
- Completed a robust materiality assessment refresh and, for the first time, reported ‘with reference’ to Global Reporting Initiative (GRI) guidance.
- Launched US$4 billion investments in Technology, Talent and ESG to ensure that we remain a resilient business that clients can rely on in a dynamic environment.
- Hosted our first Global Values Week for 270,000+ of our people across 140+ countries and territories.
People
- Upskilled our people through Digital and Data Foundations training programs with more than 126,000 hours in FY23 to stay current on technological innovations.
- Collaborated with three leading business universities to launch more than 100 ESG learning resources, accessible to all our people, underpinning our commitment to embed ESG in everything we do.
- Increased the representation of women in leadership roles across KPMG firms to 29.4 percent up by 3.3 percent from our baseline at 1 October 2020.
- Formed new alliance with MindForward, a global not-for-profit organization transforming workplace culture, to scale and provide stronger mental health and well-being support for all our people.
Planet
- Reduced gross emissions against our FY19 baseline year by 22 percent on our journey to net-zero.
- Increased renewable energy consumption across our global organization to 81 percent in FY23 including our Reporting KPMG Firms that reached 100 percent in FY22.
- Supported nature-based solutions through Internal Carbon Price (ICP) funding as part of KPMG firms’ decarbonization investment plans.
- Published our first global Climate Risk Report — aligned with Task Force on Climate-related Financial Disclosures (TCFD) — that assessed the impact of moving to a low-carbon net-zero economy and how we can support our clients with this change.
Prosperity
- Helped economically empower 1 million disadvantaged young people through our 10by30 initiatives.
- Increased support to local communities by providing US$181 million of financial investment, up 22 percent from FY22.
- Provided 806,000 hours of pro bono and volunteer work focused on activities that delivered greater impact on communities, growing by 30 percent from FY22.
- Contributed US$2 billion in operational taxes that support governmental functions, public benefits and key infrastructure in the communities where we operate.
Our Purpose and Values guide everything we do.
Creating a caring, inclusive, Purpose-led and Values-driven culture.
Reducing our impact on the environment to build a more sustainable and resilient future.
Making a positive social and economic impact.
We're committed to building a better KPMG.
People of KPMG
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KPMG: Our Impact Plan 2024 update
Andre Winter KPMG Brazil
Emily Carlson KPMG UK
Fiorella Sanchez KPMG Belgium
Chi Zhang KPMG China
ESG as the watermark: How we make an impact at KPMG
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Make ESG the watermark underpinning everything we do while striving to achieve our ambition of driving growth across our business and of becoming the most trusted and trustworthy professional services organization
Clients and supply chain
People
Society
Our Purpose
Inspire confidence.
Empower change.
Our Values
Integrity, Excellence,
Courage, Together, For Better
Commitment to drive meaningful, sustainable change
Professional excellence and quality services
Scale of reach and expertise
Innovative solutions
Protection of capital markets
Shaping of public policy and regulations
Today, the challenges the world faces have never been greater, with immense pressures on business and in society.
It’s why all of us at KPMG embrace our Purpose — to inspire confidence and empower change — as it has never been so relevant. Confidence is needed to navigate the uncertainty of this dynamic environment and accelerating change is needed to build a more sustainable future.
Answering that calling starts with great people with strong values and skills across many different disciplines. Our people are our bedrock and form the foundation of our organization. They are driven by a strong purpose, led by our Values, equipped with knowledge and skills, and motivated to find solutions for the world’s biggest challenges.
KPMG is at our very best when all of those 270,000+ talented individuals across the globe are working together, side-by-side with clients, alliance partners and wider stakeholders to solve problems, big or small. From businesses to NGOs, governments to communities, we help them by bringing our best experience and knowledge, paired with cutting-edge technology and innovation, to drive progress.
We do this directly by helping clients meet their business goals, including: mitigating climate change and seeking potential alternative energy transition pathways, economic growth, technological advances, the fair and efficient operation of tax systems, and the delivery of better outcomes for public services.
Throughout all of this, we’re committed to meeting our own responsibility to ensure our business is resilient, sustainable and does not exacerbate the challenges we all face together. Our Impact Plan is our roadmap to build a stronger and more sustainable business. It is also our opportunity to reaffirm our commitments to the UN Global Compact Principles and the UN Sustainable Development Goals.
From reducing our impacts and developing the most sustainable footprint possible, we acknowledge we can and will accomplish more.
Ultimately, the biggest impact we can make is helping those that rely on us overcome their challenges. That is why we are committed to ensuring ESG is embedded in everything that we do.
Being part of the solution is what has driven us for more than 150 years, and even as the world evolves, we are determined to keep learning and improving — and working with others to do the same.
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Throughout this content, “we”, “KPMG”, “us” and “our” refers to the global organization, to KPMG International Limited (“KPMG International”), or to one or more of the member firms of KPMG International Limited, each of which is a separate legal entity.
“Reporting KPMG Firms” means KPMG firms in 20 large countries and territories, including member firms whose senior partner is also a Global Board member. These countries and territories are Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, Singapore, South Africa, South Korea, Spain, Switzerland, the UK and the US.
KPMG International Limited provides services and support to, or for the benefit of, KPMG firms and does not provide professional services directly, or indirectly, to clients. Professional services to clients are exclusively provided by KPMG firms who remain solely responsible for and liable in respect of these services.
KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity, and/or to KPMG International Limited. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. For more detail about our structure please visit kpmg.com/governance.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Climate change performance data for FY23 has been collected from 75 KPMG firms including Reporting KPMG Firms. Although KPMG International has not obtained third-party verification of the emissions data in this report, a number of the KPMG firms have had their underlying data independently verified. To estimate total emissions on a global basis on the basis of the data collected from the relevant KPMG firms, KPMG International’s methodology for relevant emissions and/or carbon claims is in accordance with the globally recognized Greenhouse Gas Protocol (GHG Protocol), developed by the World Business Council for Sustainable Development and the World Resources Institute. The GHG Protocol provides standards and guidance for companies and other organizations preparing a GHG emissions inventory, also known as a carbon footprint. For more information download the full PDF.
