A version of this article first appeared in the Spring 2021 issue of the IR Society’s Informed Magazine. It has been updated to reflect recent developments on the IFRS Foundation’s Sustainability Standards project.
KPMG’s investor engagement team is an IR team with a difference – not least because it doesn’t have a share price to worry about.
The team sits within KPMG’s UK audit practice and consults with institutional investors to determine their priorities regarding corporate reporting, governance and stewardship and – of course – audit and assurance. They use the insights gained from shareholders in UK companies – the ultimate clients of an audit – to help direct their auditors’ attention to the areas of the financial statements that are key to investment decision-making.
In light of this, the KPMG team tends to focus on emerging policy areas affecting entire sectors or markets, rather than company-specific issues; so environmental, social and governance (ESG) disclosures have been firmly on their radar for a number of years.
Here are five of the key corporate reporting and ESG themes from the team’s discussions that leading investor relations teams will be keen to note.