As environmental, social and governance (ESG) issues continue to mount, the pressure is on for businesses and government leaders to demonstrate that they are well equipped to understand and address key challenges — from climate change and social inequality, to business transparency and accountability.
At KPMG, we work side by side with each other and our clients to solve problems big and small. We have committed to a multi-year investment programme to embed ESG at the heart of everything we do. Our actions are underpinned by ESG commitments outlined in Our Impact Plan. Because we understand that sustainable growth is the only way to build successful and resilient businesses, for our people and our clients.
Bringing together specialised skills and interdisciplinary knowledge from diverse backgrounds, our dedicated team of ESG experts support corporates and the public sector in navigating a complex and ever-evolving climate. Whether your organisation is just beginning its sustainability journey or at an advanced stage, we have the expertise and global insights to help you unlock change.
We power solutions to empower lasting companies and communities on this fragile planet.
Our ESG vision
Turning insights into opportunity for business, people and our planet.
Planet
Reducing our impact on the environment to build a more sustainable and resilient future
We have pledged to become a net-zero carbon organisation by 2030. We are halving our greenhouse gas emissions and working towards 100% renewable energy.
People
Creating a caring, inclusive, purpose-led and values-driven culture for our people
Inclusion, diversity and equity are foundational to our purpose, values and strategy. In Singapore, close to 60% of our headcount are women. We believe that every person should be treated with dignity and respect at work.
Prosperity
Making a positive social and economic impact
KPMG is investing US$1.5 billion over the next 3 years to focus on a global ESG change agenda and provided US$148 million of financial support to communities globally in FY22. We're starting from the inside out, and empowering our global community to be agents of positive change.
Governance
Our purpose and values guide everything we do
All Global Board and Singapore leadership members are trained in KPMG’s Code of Conduct and tax policies and procedures, reflecting our commitment to the highest standards of personal and professional behaviour.
ESG solutions and services
Meeting you wherever you are on your ESG journey, our solutions are designed to help put ESG at the core of your operations.
- Develop and implement ESG growth strategies
- Design and review ESG frameworks, key performance indicators, policies, processes and reporting frameworks
- Build ESG capacity and engagements
- Develop and implement ESG and responsible investment strategies
- ESG impact funds transformation
- ESG project development
- Develop and review of green finance frameworks
- Conduct green options assessments (e.g. for green bonds and sustainability-linked loans)
- Conduct ESG due diligence and valuations
- ESG reporting and assurance
- Portfolio decarbonisation and target-setting
- Financed emissions measurements
- Transition financing
- Enhance robustness of disclosures to meet regulatory standards, including the Singapore Exchange’s sustainability reporting requirements and the Monetary Authority of Singapore’s Environmental Risk Management Guidelines
- Provide support in TCFD, Global Reporting Initiative, SASB, WEF, United Nations’ Sustainable Development Goals reporting
- Facilitate ESG impact measurement and value creation
- Conduct internal audits and readiness reviews
- Provide external assurance (ISAE 3000)
- Green and sustainable bond and loan assurance against the International Capital Market Association’s Green Bond Principles, ASEAN Sustainability Bond Standards and Climate Bonds Initiative
- Conduct independent greenhouse gas verification, including for the National Environment Agency’s Emissions Report
ESG Banking Centre of Excellence (COE)
ESG-associated opportunities and risks are becoming increasingly relevant for financial institutions. Not only do sustainable operations make sense for the environment, they are also linked with better economic performance. Banks are concerned not only with their own ESG footprint, but also the ESG risks and opportunities they are subject to as a lender.
Within the real economy sectors in Singapore, challenges persist for businesses as they seek to navigate the complex ESG landscape.
From accessing the relevant insights, to scaling innovative solutions providers, to facilitating training and incorporating digital ESG solutions, we support banks and the real economy sectors by connecting them with the right solutions to address their challenges.
The ESG Banking Centre of Excellence (COE) was established to connect banks with real economy sectors and to add value to banks’ decarbonisation efforts with a pointed focus on transition finance, carbon economics and the circular economy. It intends to facilitate a global response from Singapore as a global distributor of excellence through 4 core pillars:
Digital solutions
An ecosystem of digital ESG solutions such as data platforms, digital processes or products that can be deployed modularly to help transform the banking industry
Research and insights
Research and analysis function providing insights that are readily consumable and targeted at ESG use cases for banking clients
Capability and capacity building
An ESG training programme and content provider specialised in the finance sector
Business Foundry
An ESG fintech business accelerator (scale box), targeting scale-up businesses looking to expand across Asia and other global financial centres
