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KPMG: Launches multi-year program to accelerate global solutions for Environmental, Social and Governance issues
- KPMG Regional ESG Hubs to be established in Europe, Asia Pacific and the Americas to support clients on their ESG journey
- KPMG Emerging Markets Accelerators to deliver region-specific support and financing expertise to help developing nations
- Collaborations with University of Cambridge Judge Business School and New York University (NYU) Stern School of Business Executive Education to provide comprehensive ESG training for all colleagues
- KPMG firms will co-create and deliver ESG services with an ecosystem of world-leading alliances
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 key to the transformation will be embedding ESG across the global organization and client solutions to drive measurable change.
The new global ESG strategy focuses on five priority areas:
Five newly dedicated Hubs are to be established to provide world-class expertise and solutions on key ESG issues. These will focus on:
- Global Decarbonization, helping large multinational businesses meet their net-zero commitments and plan their decarbonization journey
- Global ESG Advisory, backed by KPMG Advisory teams, offering market-leading ESG expertise, including leadership on societal issues and solutions
- Three KPMG Regional ESG Hubs, established in Europe, Asia Pacific and the Americas, to give KPMG firms’ clients easy access to world-class insights and expertise across the ESG agenda
ESG training will be provided to all of the KPMG organization’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:
The University of Cambridge Judge Business School partnership will build ESG skills, including the development of a learning framework and solutions to be applied across the KPMG global organization, led by the business school faculty and other experts associated with the school, beginning with hundreds of KPMG’s most senior partners and with the ambition to reach all KPMG people around the globe.
The NYU Stern Executive Education collaboration will see the co-creation of a sustainability program for KPMG in the form of executive education.
3. Supporting developing nations
KPMG will launch KPMG Emerging Markets Accelerators for developing nations in the Eastern Mediterranean, Africa, Asia Pacific and Latin America. The goal of these Emerging Markets Accelerators is to ensure areas of the world lacking expertise and resources will have a trusted advisor to support their economic and social development in line with the UN Sustainable Development Goals.
4. Collaborations and alliances
KPMG recognizes that the world’s issues will not be solved by any one organization alone, which is why the firm is building on its collaboration with external organizations including UNESCO, Enactus and the Global Reporting Initiative.
Through our ecosystem of alliances, including Microsoft and ServiceNow, KPMG is co-creating new tools and solutions that will provide critical insights based on data that organizations can use to map their ESG journeys and implement vital changes to meet their commitments.
5. Listening and advocacy
To help support the advocacy pillar of its global ESG strategy, KPMG is also launching a new campaign called ‘Voices for a Sustainable Future’, offering a platform to amplify the views of established and new thinkers, giving voice to critical issues — from climate change to gender and race equality. The program will generate actionable insights to help accelerate the journey toward a more sustainable future.
To find out more about how KPMG is bringing to life this investment, visit the website.
Article Source: Website Newsroom