Tax might not be the first sustainability factor which comes to mind. However, policymakers in Switzerland and worldwide exert a push-and-pull influence through tax incentives, investment relief and funding for sustainable businesses on the one hand, and green taxes (including taxes on energy, transport, pollution and resources) and carbon pricing measures on the other.
Moreover, tax touches many of the United Nations Sustainable Development Goals ("SDGs") as tax revenues have a lasting impact on the prosperity of communities. How much tax companies pay, where they pay it and how they manage their tax affairs is increasingly valued as an ESG or sustainability measure. This is because the tax revenues available to governments and societies are a prerequisite for this debate to take place at all.
Companies need to evaluate potential environmental tax exposures and opportunities and assess their strategy with respect to tax transparency. KPMG’s experts can guide you on this journey with best-practice insights and technological solutions to ensure that taxes are properly considered in your ESG strategy.
The “S&G” – good governance and being tax transparent