This article is featured in the 2024 FCLTGlobal Blue Book, a collection of real-world examples of how our members are putting long-term strategies into practice today. We hope that these practical illustrations will inspire others to embrace the mission of focusing capital on the long term. Learn more >>
KPMG is at its strongest when our 270,000+ people throughout 143 countries and territories are aligned behind a common set of values and working side by side to solve problems. Every day, we bring the best people, innovative technology, and our collective experience to the table to help clients, businesses, governments, and the communities we serve.
Now more than ever, collaboration across discipline and geography is critical, especially as the world navigates shared and ever more pressing challenges. Businesses are essential in developing many needed solutions, and how we measure progress towards those solutions is a key driver of long-term value creation that will lead to a more sustainable future.
Measurement instills accountability
In 2021, KPMG launched Our Impact Plan, bringing together our environmental, social and governance (ESG) commitments under one umbrella. Measurement instills accountability, and by design, Our Impact Plan maps our trajectory to becoming a better business. From carbon emissions to Inclusion, Diversity and Equity (IDE), we analyze what we can and should be doing to meet our responsibility to help shape a better future by doing what we do best — solving problems to make lasting, meaningful change.
Transparency builds momentum
Three years on, we continue to publish our progress annually. We want our people, our clients and everyone who relies on us to understand where we are and where we are going. Being open and transparent, even when it may be uncomfortable, has been incredibly important. One of the most important lessons we’ve learned since starting this journey is that transparency fortifies commitment and keeps people focused on driving meaningful change, even if it may take longer than expected.
Small things add up to bigger successes
We continue to make strong progress against a range of goals that are important to our business, our people, and clients. For example, last year, we reached a 25 percent carbon emissions reduction against our 2019 baseline, achieved a 50:50 gender balance on our Global Management Team, and used our scale to invite more than 500 key global suppliers to disclose their carbon footprint data.
This year, for the first time, we are reporting with reference to the Global Reporting Initiative (GRI) guidance and have used GRI 3 to help shape our approach to our materiality assessment refresh. We’re also making large investments throughout our organization on our people and technology to embed ESG in everything we do.
The old adage, what gets measured gets done, has been a guiding principle of our journey to build a better, more sustainable business. Each goal we set out to achieve is a piece of a much larger mosaic, and through Our Impact Plan, we continue to gather and analyze data about ourselves. Because of it, we are better positioned to invest in our people and have a better understanding of how we can better help our clients achieve their own goals.
By tying together purpose and profit, we’re strengthening our business, while developing solutions and strategies for challenges that impact all of us. It adds up to a more sustainable and more resilient future.