Circularity

ESG is top of mind for many companies. At the same time, there is a lot of uncertainty due to potential changes in regulations. Do I need to comply with legislation such as CSRD, ESPR, CBAM and CSDDD, and if so, when? How do I ensure that sustainability and circularity within my organization are affordable – or better yet – profitable? What geopolitical developments play an accelerating or delaying role? What is my competitive position compared to other companies or countries in the ESG field? The question for many companies is: how do I deal with this? Who can help me with which choices I need to make and when?

KPMG can advise on all aspects of ESG and circularity, from strategy and compliance to implementation and assurance:

• Developing an ESG strategy with a particular focus on circularity. What approach suits my organization? What does this mean for short and long term strategy?
• Complying with the right ESG reporting (CSRD, CSRDDD, ESPR, CBAM, etc.); What do I need to comply with? How do I ensure compliance? What data do I need to collect, and what is the right data? How do I strategically use that data?
• Implement or integrate circular economy in data & technology investments.

To support our clients on Sustainability and Circularity, we have partnerships with Microsoft, SAP and more. 

• Powered Sustainability Services with Microsoft
  KPMG firms have worked with sustainability teams around the world to help drive transformation and automation of their sustainability reporting. Powered Sustainability does this by providing a framework, firstly for determining what an organization needs to do to be compliant, and secondly by incorporating the technology enabled by Microsoft to efficiently collate the necessary data to feed the reporting process.
  
  
• Circularity leveraging SAP
  Worldwide, KPMG has a workforce of more than 6,000 SAP consultants. They support clients in responding to market changes, optimizing their cloud solutions and achieving sustainable growth. By combining KPMG's knowledge with tools that run on SAP software, we help our clients integrate sustainability data into the core of their business operations. In this way, organizations can respond to up-to-date ESG data. In this, KPMG fulfills various roles such as improving forecasting and planning or data management. With the aim of reporting on ESG more efficiently and being able to make informed decisions.
  
  
• Process Intelligence with Celonis
  Technological innovations and growing regulatory demands give rise to new uncertainties and increase the overall level of complexity of business processes. This, in turn, often results in rising costs, hidden operational inefficiencies and errors, or might even lead to deliberate acts of noncompliance—all of which can bring reputational damage and/or financial loss to an organization.
  
  Powered by our combined capabilities, KPMG and Celonis are providing a process mining solution that helps enable customers to achieve process excellence by drawing data from underlying systems, identifying inefficiencies, and providing the knowledge, actions, and automation to reduce friction in business processes.

We also invest in supporting global members of the WBCSD.

• WBCSD
  KPMG was at the forefront of the development of the WBCSD Circularity Transition Indicators (CTI) framework, the first global open standard for measuring and monitoring circularity. The CTI framework provides a common language and enables companies to measure and monitor their circular performance. Subsequently, it provides a seven step process on how companies can use the insights for business decision making and for setting a circular strategy with circular targets and objectives.
  
  The CTI framework allows companies to take ownership of their circular transition by assessing the linear risks and discovering circular opportunities. KPMG specialists can help your business in obtaining insights into circular performance by following the Circular Transition Indicator framework process. KPMG has helped multiple companies in adopting the framework and has first-hand knowledge as co-author of CTI. Read more about how KPMG can help in our brochure or take a look at the framework report and online webinar.