KUALA LUMPUR: As part of its ongoing multi-billion-dollar investment programme, KPMG plans to spend more than US$1.5 billion over the next three years specifically to focus on the Environmental, Social and Governance (ESG) change agenda. (US$1 = RM4.180)
According to a statement, the ESG strategy is designed to support KPMG firms’ clients in making a positive difference. Importantly, this strategy is underpinned by KPMG’s recognition of its responsibility to improve its impact on the world and the ESG commitments outlined in KPMG: Our Impact Plan.
KPMG Global Chairman and Chief Executive Officer, Bill Thomas said: “KPMG has the global scale, expertise, technology, and relationships that give us the ability and responsibility to use our position to provide solutions and services to overcome the challenges facing our planet and society.”
The collective investment will focus on training and expanding KPMG’s global workforce, harnessing data, accelerating the development of new technologies, and driving action through partnerships, alliances and advocacy.
The new global ESG strategy focuses on five priority areas namely, Solutions; Talent; Supporting developing nations; Collaborations and Alliances; and, Listening and taking action.
Five newly dedicated Hubs will be established to provide world-class expertise and solutions on key ESG issues.
ESG training will be provided to all of the KPMG organisation’s 227,000 people to ensure that everyone is empowered to be an agent of positive change. As part of this training, KPMG is working with two leading global academic institutions, University of Cambridge Judge Business School and NYU Stern Executive Education.
KPMG will also launch KPMG Emerging Markets Accelerators for developing nations in the Eastern Mediterranean, Africa, Asia Pacific and Latin America.
In addition, KPMG recognises that the world’s issues will not be solved by any one organisation alone, which is why the global organisation is building on its collaboration with external organisations including UNESCO, Enactus and the Global Reporting Initiative.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. – Bernama