KPMG makes landmark contribution to retail education and EDI

KPMG makes contribution to retail education and EDI

Supporting the Bensadoun School of Retail Management and creation of an EDI award at McGill

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As Made by McGill: The Campaign for Our Third Century leverages the power of philanthropy to build a launching pad for growth at a critical time in McGill's history, KPMG has stepped up to make a landmark contribution.

"I'm confident that KPMG's continued generosity will reap dividends as the Made by McGill campaign provides essential support for the efforts of our talented students and researchers into the future," said Morty Yalovsky, Interim Dean of the Desautels Faculty of Management.

With a joint $500,000 contribution, KPMG in Québec, its partners, and the KPMG Foundation recognize the Made by McGill campaign's vast potential for impact in both our local and worldwide community. "McGill University is an integral part of Quebec's social and economic fabric, and we are pleased to help create an environment where learning, research, and skills development can flourish and foster the ambitions of our future leaders," affirmed Benoit Lacoste Bienvenue (BCL'00, LLB'00), Québec Regional Managing Partner for KPMG in Canada and a member of the International Advisory Board for Desautels.

Launching a new retail summit

In 2018, the Bensadoun School of Retail Management opened its doors with a mandate to educate and empower an interdisciplinary network of students, researchers, and practitioners in the ever-evolving global retail industry. Through its Master of Management in Retailing (MMR) degree, annual Retail Challenge, and recently unveiled retail innovation lab; the Bensadoun School forges connections between academic and industry leaders in a season of profound transformation.

KPMG's contribution will build on these initiatives through creating a retail summit that provides a venue for global industry leaders and academics to exchange ideas and best practices related to the most pressing challenges they face. "We are proud to join forces with a visionary business school in the effort to build a more innovative and resilient retail sector," said Marie Valcourt, Audit Partner, Retail Leader, Québec Region, KPMG in Canada.

A virtual mini-summit series has already launched, with the first of five annual KPMG retail summits to follow when COVID-19-related restrictions are lifted. "All of us at the Bensadoun School are grateful for organizations like KPMG who recognize the importance of helping the retail industry pivot in response to COVID-19 and other challenges," said Saibal Ray, Academic Director of the Bensadoun School of Management. "With KPMG's support, we're more future-ready than we have ever been."

Expanding opportunity for minority students

In addition to supporting the Bensadoun School of Management, KPMG's contribution will also fund a new award to expand the realm of possibility for minority students at the Desautels Faculty of Management. For the next five years, the KPMG Equity, Diversity, and Inclusion (EDI) Leadership Award will provide $50,000 to students pursuing a Master of Management of Retailing (MMR), Master of Management in Finance (MMF), or a Master of Management in Analytics (MMA) degree.

As minority students experience the impacts of the pandemic in disproportionate ways, the KPMG Equity, Diversity and Inclusion Leadership Award will play a role in lessening financial burden so that students can focus on their education. "I truly believe that our contribution will make a significant impact for the next generation of leaders who need our support more than ever to create a better, fairer, and more prosperous world," said Lacoste Bienvenue, an alumnus of McGill University.

According to Lisa Cohen, Director of Equity, Diversity, and Inclusion (EDI) at Desautels, the new award will help the Faculty attract students who would not have otherwise considered a specialized master's degree. "We're thrilled to be able to create more opportunities for diversity in our classrooms and programs for the benefit of everyone at Desautels," Cohen concluded.

About KPMG in Canada

KPMG LLP, a limited liability partnership, is a full-service Audit, Tax and Advisory firm owned and operated by Canadians. For over 150 years, our professionals have provided consulting, accounting, auditing, and tax services to Canadians, inspiring confidence, empowering change, and driving innovation. Guided by our core values of Integrity, Excellence, Courage, Together, For Better, KPMG employs nearly 8,000 people in over 40 locations across Canada, serving private- and public-sector clients. KPMG is consistently ranked one of Canada's top employers and one of the best places to work in the country.

The firm is established under the laws of Ontario and is a member of KPMG's global organization of independent member firms affiliated with KPMG International, a private English company limited by guarantee. Each KPMG firm is a legally distinct and separate entity and describes itself as such. For more information, see home.kpmg/ca

For media inquiries:

Kevin Dove
Director, Corporate Communications
KPMG in Canada
416 777 8026
kdove@kpmg.ca

© 2021 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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