KPMG Announces ESG Strategy to Address Environmental, Social, and Governance Issues

[Asia Economy Reporter Ji-hwan Park] KPMG announced on the 6th that it plans to invest more than $1.5 billion over the next three years to develop solutions addressing ESG (Environmental, Social, and Governance) issues.

This KPMG ESG strategy is part of the 'Our Impact Plan' announced last January. It aims to drive proactive actions through ESG talent development, data utilization, acceleration of new technology development, and partnerships. KPMG identified integrating ESG into organizational and client solutions to support measurable change as the core of this investment.

First, KPMG will support companies in achieving decarbonization and Net Zero commitments and establish three ‘ESG hubs’ in Europe, Asia Pacific, and the Americas to enable clients to easily access expertise across the entire ESG agenda. Investments will also be made to expand technology and personnel, including the digital tool ‘Climate IQ,’ which helps identify opportunities and risks related to climate change, and the development of proprietary audit workflow technology to provide rigorous ESG certification.

All 227,000 KPMG employees worldwide will be supported through ESG education to lead positive change. KPMG plans to jointly conduct sustainability education programs and build ESG capabilities, including learning frameworks and solution development, in collaboration with world-renowned academic institutions such as the University of Cambridge Judge Business School in the UK and NYU Stern Executive Education in the US.

KPMG will also implement the ‘KPMG Emerging Markets Accelerators’ to support solving ESG issues in developing countries such as the Eastern Mediterranean, Africa, Asia Pacific, and Latin America. KPMG stated, “In accordance with the United Nations Sustainable Development Goals (SDGs), we will fulfill our responsibility as advisors supporting economic and social development in countries including developing nations lacking expertise and resources.”

KPMG collaborates extensively with external organizations including UNESCO, Enactus, and the Global Reporting Initiative (GRI), an international sustainability reporting standard. Through partnerships with global leading companies such as Google Cloud, Microsoft, and ServiceNow, KPMG is jointly developing data-driven solutions necessary for clients to design and implement ESG strategies.

KPMG has launched a new campaign called 'Voices for a Sustainable Future.' This campaign will provide a platform to reflect diverse perspectives on critical issues ranging from climate change to gender and racial equality, and gather insights to accelerate a sustainable future.

Bill Thomas, Chairman of KPMG, said, “The world is facing multiple crises, which is why we place the ESG agenda at the center of everything we do. KPMG will strive to provide solutions and services to overcome the challenges facing the planet and society.”

This content was produced with the assistance of AI translation services.