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Social procurement at KPMG

Social procurement

KPMG is committed to diversity and support of minority groups throughout the supply chain.

KPMG is committed to diversity and support of minority groups throughout the supply chain.

KPMG is committed to diversity and support of minority groups throughout the supply chain. We seek opportunities to demonstrate our corporate citizenship initiatives and aim to influence the creation of a more sustainable and inclusive economy. We achieve this through engaging with suppliers and working with suppliers that are working toward similar values which include a commitment to gender equality, upholding human rights and protecting the environment. We have been on our sustainability journey for more than 15 years and have several responsible sourcing initiatives that focus our efforts in this area.

Supplier Code of Conduct

In 2002, KPMG became a signatory to the United Nations Global Compact (UNGC) signalling our commitment to responsible and ethical business practices in the marketplace. KPMG Australia is committed to sustaining the highest legal, environmental, ethical and professional standards consistent with the Ten Principles of the UNGC in the areas of human rights, labour, environment and anti-corruption. The Supplier Code of Conduct was developed to recognise the Ten Principles, national legislation and KPMG policies already embedded within the Firm, and provides guidance to suppliers who wish to work with KPMG.

Business Council of Australia (BCA) – Supplier Payment Code

KPMG Australia is committed to building strong sustainable relationships with our suppliers through fair and equitable dealings. We recognise that payment terms are an important aspect of our commercial arrangements with small suppliers. As a result, KPMG Australia has committed to the Business Council of Australia’s Supplier Payment Code. Under this policy, small business suppliers will be paid within 30 days of receipt of a correctly issued invoice.

There will be more information to come surrounding the policies and practices that give effect to our commitment under the code.

For full details of the code, please refer to the Business Council of Australia website.

Find out more by reading KPMG's Supplier Payment Policy.

KPMG Australia is a Supply Nation Member

Indigenous procurement

Through KPMG’s ‘Elevate’ Reconciliation Action Plan 2017-2020, we have been working towards a target of spending 2 percent of our national procurement budget with Indigenous businesses by FY 2020. Our Procurement team is well progressed in meeting this target, spending $1.78 million with Indigenous businesses in FY18 alone. This target was further enhanced through KPMG’s alignment with BCA – “Raising the Bar” initiative where our commitment to indigenous procurement was increased. As a result of this initiative KPMG have committed to sourcing 3 percent of addressable spend by 2024.

We are actively seeking opportunities to support Indigenous businesses through our membership with Supply Nation and other opportunities that align with the strategic direction set within our Reconciliation Action Plan.

Fair Trade

In 2010 KPMG was endorsed as one of Australia’s largest Fairtrade workplaces and we source all of the coffee and tea in our Sydney and Melbourne offices from ethically responsible businesses. In addition, we have held Fairtrade marketplaces in our buildings to promote small businesses and encourage our people to shop ethically. In 2012, we were awarded ‘Best Example of Socially Responsible Procurement’ by CIPSA.