2022 KPMG U.S. Impact Plan

At KPMG, ESG is core to our business. We focus our capabilities to have the largest tangible impact for our people, communities, planet, and society.

   
  

About this report

We believe that prioritizing ESG principles makes business better by unlocking new value, building resilience, and driving sustainable growth today and tomorrow.

As part of our U.S. firm’s ESG journey, we are releasing our initial U.S. Impact Plan, a report designed to consolidate our reporting, foster transparency, enhance accountability, and share our ESG vision for the future.

 

Chair and CEO's letter

Since 1897, KPMG U.S. has inspired confidence and empowered change – solving our clients’ and communities’ most complex challenges, rising to the occasion during pivotal moments in history, and evolving to meet the needs of our people, clients, and society.

As we look to the future, we are guided by our purpose and values—integrity, excellence, courage, together, and for better. 

“At this exciting moment in our ESG journey and firm's history, we are working together to take tangible, transformative steps to drive a more equitable and sustainable society.”
Paul Knopp

Paul Knopp
Chair and CEO at KPMG US

Since 1897, KPMG U.S. has inspired confidence and empowered change – solving our clients’ and communities’ most complex challenges, rising to the occasion during pivotal moments in history, and evolving to meet the needs of our people, clients, and society. As we look to the future, we are guided by our purpose and values – integrity, excellence, courage, together, and for better. 

Our first Environmental, Social, and Governance (ESG) Impact Plan is an important milestone as we consider how our firm intersects with people, impacts our planet, fosters a prosperous society, and embeds good governance. And while this report is the first of its kind for us, our work in this space is not new. For 125 years, we have been committed to supporting our clients and our communities, and now, we are leading on critical ESG issues, as exemplified through our work with the World Economic Forum on international ESG standard setting. From fostering a diversified workforce and neutralizing our carbon emissions to expanding our community engagement and instilling an ethical business culture, we are committed to driving progress, and most importantly – impact.

Our diversity, equity, and inclusion (DEI) efforts and our commitment to attract, retain, and advance underrepresented talent are at the heart of our ESG efforts. To achieve our future growth and trust ambitions, we must unlock the power of our people — developing the best and most diverse talent, providing access to meaningful opportunities, and creating an environment where everyone can succeed both personally and professionally.

When we think about how we operate, and our impact on the planet, we recognize that we all have a role to play in tackling climate change. Through advancing the procedures and technologies needed for decarbonization and providing our people with the knowledge and ability to make sustainable choices, we aim to better our world by innovating and investing in the future of our business and planet.

To drive community impact and foster a prosperous society, we promote equity and access, cultivate lifelong learning, and protect the environment through partnerships with companies, nonprofits, governments, and non-government organizations. In honor of KPMG U.S.’ 125th anniversary this year, our firm and the KPMG U.S. Foundation will commit more than $125 million over the next 5 years to support organizations, programs, and initiatives that advance equity and access among underrepresented groups who face systemic barriers in our communities.

At this exciting moment in our ESG journey and firm’s history, we are working together to take tangible, transformative steps to drive a more equitable and sustainable society. It is our responsibility to do our part and support our clients as they work to do the same. We are dedicated to maintaining transparency and accountability; setting and executing ESG aspirations that deliver for our business, people, communities, and the planet; and continuing to evolve, adapt, and innovate as we develop tools and strategies that we can share with our clients. We are committed to championing ESG and are pleased to introduce our 2022 U.S. Impact Plan.

Thank you for joining us on this ESG journey. 

 

ESG by the numbers

50%


 Partner and managing director representation from underrepresented groups by 2025 

100%


Of energy procured from renewable sources for the past three years

$125M


 KPMG and KPMG U.S. Foundation’s five-year commitment to promote equity and access to opportunities

  
 

Four pillars of our plan

Our approach to diversity, equity, and inclusion (DEI) is designed to unlock the power of our people and grow our firm the right way.

From procuring renewable energy and advancing climate reporting tools to protecting our planet’s biodiversity and driving down emissions, we are prioritizing environmental sustainability at all levels of our firm.

Driven by our purpose, inspired by our values, and with every function, skill, and background working together, we bring the depth and breadth of our firm to each and every engagement.

Our governance strategy is informed by the role we play as a steward of the capital markets and focuses on upholding best-in-class professional standards, identifying and mitigating risks, and operating with effective controls.

   
REPORT SPOTLIGHT

Audit quality

Our collaborative, people-centric approach means that our people are empowered at all levels to best meet challenges with solutions that fit the particular business, team, and capital market, while grounded in our culture of innovation, leadership, and integrity.

With a focus on technology, we drive quality, efficiency, and insights in every step of the audit process. 

   
 
REPORT SPOTLIGHT

Accelerate 2025

  

In 2020, we introduced Accelerate 2025, our long-term strategy and commitment to DEI, to ensure that more individuals from underrepresented groups choose KPMG as their employer of choice, build careers at KPMG, and advance to leadership positions within our firm and the profession.

   
REPORT SPOTLIGHT

Reducing our carbon footprint

We are committed to becoming a net-zero carbon organization by 2030 while reducing our direct and indirect greenhouse gas emissions by 50%.

To do this, we are decarbonizing our operations through technological deployment, better monitoring and measurement, modified internal and external procedures, and factoring the cost of carbon into business decisions. 

  
 
REPORT SPOTLIGHT

Community impact

  

We match community engagement efforts with both business interests and our people's passions to drive societal progress. We recognize our connections to the places we live and work, and the importance of improving opportunities and access within historically marginalized communities.

Read the full report

KPMG U.S. 2022 Impact Plan
At KPMG, ESG is core to our business.
     

Disclosures and supporting documentation

Our governance strategy is informed by the role we play as a steward of the capital markets and focuses on upholding best-in-class professional standards, identifying and mitigating risks, and operating with effective controls.

Our governance strategy is informed by the role we play as a steward of the capital markets and focuses on upholding best-in-class professional standards, identifying and mitigating risks, and operating with effective controls.

Read the full report

     

Disclosures and supporting documentation

Click here for more detailed information on our data disclosures, materiality assessment, GHG emissions calculations, and additional supporting documentation.