The Big Four company KPMG released its inaugural report American Impact Plan Friday, outlining its environmental, social and governance strategies in four main areas: people, planet, prosperity and governance principles.
KPMG International previously released its impact plan in 2021. The U.S. plan includes investment targets of $125 million over five years to support organizations and initiatives helping minority groups, a commitment to achieve net-zero carbon emissions. by 2030 and a commitment to invest 30% of reportable spend with various suppliers by 2025.
“This is an important milestone as we examine how our business supports and advances people both within the company and beyond, impacts our planet, fosters a prosperous and inclusive society. good governance,” KPMG US President and CEO Paul Knopp said in a statement. “And while this report is the first of its kind for us, our work in this space is nothing new. For 125 years, we’ve been committed to supporting our customers and our communities, and now, we’re at the forefront of issues critical ESG From fostering a diverse and inclusive workforce, to neutralizing our carbon emissions, expanding our community engagement and instilling an ethical corporate culture, we are committed to fostering progress and, above all, impact.
Highlights of the report, which included firm data through September 30, 2021, include:
- A 40% increase in hiring at historically black colleges and universities (HBCUs);
- Establish an internal carbon price to promote sustainable behavior and finance environmentally friendly investments;
- Contribute more than $47 million to community investments; and,
- A US board with 50% members from underrepresented groups.
“We believe that we must do our part to make our society more equitable and sustainable, and also help our employees, our clients and our communities to do the same,” said Laura Newinski, Vice President and Chief Operating Officer of KPMG US, in a report. “We continue to make meaningful investments in ESG initiatives for our business and our clients to ensure we maintain our positive momentum.”
The complete US impact plan is available on the KPMG website website here.