KPMG China’s first environmental, social and governance report emphasises principles of governance, prosperity, planet and people
KPMG China’s first environmental, social and...
6 March 2021 – KPMG China releases its first environmental, social and governance (ESG) report (“the Report”), which highlights the firm’s ESG governance structure, strategies and initiatives via four key areas of focus: principles of governance, prosperity, planet and people.
As an important indicator of corporate sustainability, ESG has increasingly become a focus worldwide. KPMG China has established anESG and IMPACT committee to oversee and steer the firm’s ESG strategic development and operations in China and to stay aligned with the firm’s global initiative, Our Impact Plan, to drive sustainable change in the marketplace and within the firm.
Honson To, Chairman of KPMG Asia Pacific and KPMG China, says: “Over the past few years, ESG has risen in the corporate agenda across different business communities. Businesses can no longer consider ESG a nice-to-have or compliance-driven topic; instead they should integrate ESG into their core business operations to stay competitive and resilient. Setting up our ESG and IMPACT committee is pivotal for us to focus on our own ESG development and help our clients develop their business strategies and operations with ESG/sustainability in mind. Through our collective efforts, we hope to bring about positive changes to build a more sustainable, inclusive and resilient future.”
To support clients to achieve their ESG/sustainability vision, KPMG has launched KPMG Impact. Raymond Ng, Vice Chairman of KPMG China, adds: “As the world faces the complex challenges of climate change and increasing human vulnerability, we are seeing a heightened awareness among clients of the importance of building a more sustainable and resilient future. Our recently launched KPMG IMPACT program brings together KPMG firms’ global expertise around ESG/sustainability, economic/social development, climate change and carbon emissions reduction, and supports clients through business and supply chain transformation to reduce emissions, shift to renewable energy and integrate climate risks into their business strategies. We have also provided extensive advisory services to clients on green finance, and are working with the World Economic Forum to promote systemic changes to accelerate energy conversion.”
KPMG China aims to deliver values not only to clients, but also to foster overall economic development through job creation, knowledge exchange and skills empowerment. KPMG China employed around 12000people in 27 offices across 25 cities in China. In 2020, KPMG China opened four new offices in Ningbo, Suzhou, Jinanand Hefei. To be a socially responsible firm is part of KPMG China’s core values. In FY2020, the firm invested RMB 29.4 million in the community and 866 KPMG volunteers devoted 7,939 hours in volunteer services. To help communities during the Covid-19 outbreak, KPMG China donated over RMB 4 million to fund coronavirus relief initiatives in China.
People are KPMG China’s greatest asset and integral to the firm’s success. To recognise their hard work and contributions, KPMG China proactively helps them grow personally and professionally. Covid-19 has been reshaping our future of work and KPMG China introduced “Everyone Agile” pilot programme in selected offices to enable flexible working arrangements. KPMG China is also committed to creating an inclusive and diverse work environment, where all staff members feel valued and respected for who they are and for the work they do. In September 2020, KPMG China released its inaugural report on inclusion and diversity (I&D). The report provides an overview of KPMG’s key I&D strategies, areas of focus and initiatives, as well as workforce diversity data.
About KPMG China
KPMG member firms and their affiliates operating in mainland China, Hong Kong SAR and Macau SAR are collectively referred to as “KPMG China.” KPMG China is based in 27 offices across 25 cities with around 12,000 partners and staff in Beijing, Changsha, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our clients are located.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and in FY20 had close to 227,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.
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