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Press Release | 10 February 2021

KPMG unveils Our Impact Plan; shares progress against newly created Stakeholder Capitalism Metrics

KPMG unveils Our Impact Plan; shares progress against newly created Stakeholder....

3 min read
  • KPMG brings together global organization's environmental, social and governance (ESG) commitments under one umbrella, Our Impact Plan

  • Incorporates roadmap to become net-zero by 2030, commitment to increase inclusion and diversity and to drive sustainable growth for clients and stakeholders

  • Includes progress against newly created Stakeholder Capitalism metrics and specific commitments across four categories: Planet, People, Prosperity and Governance
10 February 2021, Bangkok – KPMG today published its first global environmental, social and governance (ESG) plan. Our Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance.
 
The plan also catalogues current data across the global organization and reports against metrics outlined in a report created by the World Economic Forum (WEF) and drafted in consultation with its International Business Council (IBC), titled Measuring Stakeholder Capitalism (PDF 1.92 MB), which KPMG had a key role in shaping.

KPMG will continue to strengthen its commitments outlined in the plan and improve reporting on our progress in the months and years to come.

By harnessing our convening power, digital capabilities and expertise, KPMG has an opportunity and responsibility to help shape and lead on some of the critical issues the world faces—doing so is core to our purpose to Inspire Confidence and Empower Change. Now is the time to improve how we do what we do for the better, and we can jumpstart that momentum by measuring our actions, learning from each other, and holding each other accountable. Our Impact Plan is only a start, and we know we need to do more, but it is a step that will help KPMG become an even better organization.


Bill Thomas
Global Chairman and CEO, KPMG International

The challenges we face in our world were put into the spotlight in 2020, reminding us all that we need to act now to make a difference. KPMG has already made some important progress, but we know we have a long way to go. Our Impact Plan brings together our collective ESG commitments in one place, allowing us to measure our progress and hold ourselves accountable. We are also in a privileged position working with many global and local organizations, large and small, who are committed to addressing these world issues, and together we can make a real difference.


Our Impact Plan reaffirms KPMG’s long-standing commitment to the UN Global Compact principles, while delivering against the UN Sustainable Development Goals (SDGs), and over the coming months and years these commitments will be strengthened, and progress will be reported openly.


Jane Lawrie
Global Head of Corporate Affairs, KPMG International

Highlights include:

  • Planet: We have pledged to become a net-zero carbon organization by 2030 through reducing greenhouse gas emissions by 50 percent, achieving 100 percent renewable electricity, and offsetting our residual emissions. 
  • People: In 2020, we created a Collective Action Plan, drafted with input and participation from thousands of our colleagues, which will set ambitious goals for workplace diversity and equality. 
  • Prosperity: KPMG’s relationships with UNESCO and other organizations helped us to support people severely impacted by the learning crisis, and through our recently launched KPMG IMPACT network, KPMG firms are supporting clients on their journeys towards sustainability and shaping the future ESG agenda.
  • Governance: In 2020, we updated our global Code of Conduct and refreshed our Values. KPMG firms are also using our position and expertise to help harmonize ESG metrics, which includes our work with the WEF IBC to create the Stakeholder Capitalism Metrics, in addition to having accepted positions at the IIRC, TCFD, Corporate Reporting Dialogue and SASB, among others.

Our people at KPMG are well aware of the importance of ‘purpose’ and the impact our firm can have on society. Our ongoing ‘KPMG Care & Share’ program includes a wide range of activities that cover all aspects of ESG. Our environmental initiatives focus on carbon footprint reduction – by going paperless, reducing single-use plastics and recycling them into useful equipment for hospitals. In social aspects, we provide educational opportunities for underprivileged students through scholarships and computer donations. Furthermore, through KPMG in Thailand’s partnership with Chulalongkorn University, we offer a yearly knowledge sharing and mentorship program called ‘Up Academy’. This year’s theme – ‘Youth ESG’ – is aimed at nurturing an ESG mindset and giving undergraduate students opportunities to engage in real-world issues under the guidance of KPMG professionals. In the wider community, we donated to those who suffered from natural disasters throughout the years. In 2020 and 2021, we consistently raised money to support various hospitals that helped contain the spread of COVID-19. For governance, we continuously develop our people by equipping them with future skills and constant learning programs to increase their potential. All these concerted efforts will enable us to sustain our position as a leading organization that can deliver tangible value to society.

 


Charoen Phosamritlert
Chief Executive Officer, KPMG in Thailand, Myanmar and Laos

Thai version: เคพีเอ็มจี เปิดตัวแผนงาน ESG – Our Impact Plan และความคืบหน้าตัวชี้วัดทุนนิยมผู้มีส่วนได้ส่วนเสีย (Stakeholder Capitalism Metrics)

About KPMG International

KPMG is a global organization 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.

About KPMG in Thailand

KPMG in Thailand, with more than 2,000 professionals offering Audit and Assurance, Legal, Tax, and Advisory services, is a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

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For media inquiries, please contact:

Ploi Phayakvichien
ploi@kpmg.co.th

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.