KPMG has publicly committed to the United Nations (UN's) Guiding Principles on Business and Human Rights (PDF 1.08 MB), as outlined in our International Business and Human Rights Statement. This reflects our respect for human rights and builds on our long-standing support for the UN Global Compact, to which we are a signatory. This means supporting the protection of human rights, avoiding being complicit in human rights abuses (including those involving business relationships), and helping to eliminate all forms of forced, compulsory and/or child labor.
We expect all of our stakeholders, including our suppliers and clients, to respect the internationally recognized human rights set out in the International Bill of Human Rights and the principles concerning fundamental rights set out in the International Labour Organization's Declaration on Fundamental Principles and Rights at Work. We will take action if a human rights risk is identified.
While the professional services industry is not typically considered a high-risk sector for labor-related breaches, we are acutely aware that risks can arise across our operations and supply chain. We have a critical role to play in managing potential harm to people through a risk-based approach to human rights due diligence. We also acknowledge that we're early in our journey to fully understanding our human rights risks and impacts, and we are committed to the work necessary to improve this understanding so we can take all necessary action.
Reporting against the IBC Stakeholder Capitalism Metric on the 'risk for incidents of child forced or compulsory labour' has provided us with an opportunity to better understand some of our human rights risks and impact.
We continued our journey by working closely with KPMG Banarra, a dedicated business and human rights consultancy based in KPMG Australia, to identify areas of potential risk across KPMG globally including service delivery centers, suppliers, alliances and investments.
We focused on factors that can elevate risk including working with vulnerable populations or on engagements in high-risk geographies. Through this work, we identified aspects of our operations and supply chain that could be exposed to potential risks including property and facilities services, procurement, and client services (depending on the client, sector and engagement type).
Having conducted this work, we are now commencing a risk assessment which considers our processes to manage these risks. This will inform priority areas of focus and help us build a road map of actions that we will scale and implement in line with industry standards and leading practice.
As we strive to continuously improve, we will draw on the practical experiences of KPMG firms across the globe. For example, KPMG Australia has adopted a Human Rights Policy with specific modern slavery commitments, a measured approach to embedding human rights controls, and is actively supporting business to understand the 'risk to people' with the Australian Human Rights Commission.
Our Impact Plan represents the collective environmental, social and governance commitments of independent KPMG firms, affiliated with KPMG International Limited. The data represented in Our Impact Plan is aggregated data from KPMG firms for the 12 months to 30 September 2020 unless stated otherwise. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. Where the term “ KPMG,” “ firm,” “ we” or similar references are used without definition, they are meant to collectively refer to KPMG International Limited and the independent KPMG firms.