KPMG Announces 'Impact Plan' Consolidating ESG Goals in One Place

[Asia Economy Reporter Park Jihwan] KPMG, a provider of comprehensive accounting, tax, and consulting services, has announced the 'Impact Plan,' which unifies the ESG (Environmental, Social, and Governance) goals of KPMG Global worldwide.

Samjong KPMG announced on the 27th that KPMG has unveiled the Impact Plan as its first ESG initiative, focusing on four major categories: Planet, People, Prosperity, and Governance.

The Impact Plan consolidates data from various reports reflecting measurement indicators from international organizations and the World Economic Forum (WEF). Notably, the WEF measurement report was developed in collaboration with the International Business Council (IBC), which proposed 'Stakeholder Capitalism.' KPMG plans to continuously strengthen its commitments under the Impact Plan and improve its progress reporting capabilities.

First, for a sustainable planet, KPMG has declared itself a 'Net Zero' organization by 2030. The goals include reducing greenhouse gas emissions by 50%, using 100% renewable electricity, and offsetting remaining emissions. Last year, based on an action plan reflecting the opinions of KPMG employees, the company also set goals regarding workplace diversity and equality.

For the Prosperity category, KPMG partners with organizations such as UNESCO to assist people facing learning crises. It also plans to support corporate clients in establishing ESG agendas aimed at sustainability.

In terms of Governance, KPMG not only strengthened its global code of conduct last year but also plans to leverage its expertise to incorporate ESG measurement standards, including collaboration with WEF and IBC to develop 'Stakeholder Capitalism' indicators.

Bill Thomas, Global Chairman of KPMG, emphasized, "KPMG has the opportunity and responsibility to lead on critical issues facing the world by leveraging digital capabilities and expertise," adding, "This is directly connected to KPMG’s purpose of building trust and driving change."