Environmental, social and governance report FY2020

KPMG China’s first ESG report showcases the firm’s ESG progress and performance in four key categories: principles of governance, prosperity, planet and people. The report was prepared using the Stakeholder Capitalism Metrics (SCMs) to report against our most material topics. 

Here are some of our highlights in FY2020: 

Principles of governance

• Set up the ESG and IMPACT committee, led by senior management    
• Identified 12 material topics through our materiality assessment, highlighting issues our stakeholders are most concerned about, such as ethics, integrity and independence, climate action, staff health and well-being, and so on

Prosperity 

• Opened three new offices in Ningbo, Suzhou and Jinan, thereby creating more job opportunities
• Continued to operate the KPMG Digital Ignition Centre (KDi) and Lighthouse, and adopted new technologies to drive innovation for our clients. A new KDi will soon be opened in Shenzhen 
• Invested over RMB 29.4 million in the community, including donating over RMB 4 million for Covid-19 emergency relief initiatives 

Planet

• Worked towards setting 1.5°C science-based targets to tackle climate change, in line with KPMG’s global climate goals
• Reduced greenhouse gas emissions by 7.3 percent per full-time equivalent employee in 2019 compared to the 2016 baseline 
• Introduced green recommendations, such as the Green Events Guidelines

People

• Continued to transform our offices with the ‘Future of working’ concept across China, such as piloting the ‘Everyone agile’ initiative in our Hong Kong offices to enable flexible working arrangements
• Published our inaugural inclusion and diversity (I&D) report, highlighting our I&D focus and strategies 
• Supported women in leadership, with 39 percent of our partners and 30 percent of board members being female.

Going forward, ESG will continue to become an increasingly important focus for KPMG China. Read this report and share your feedback with us to help us build a more sustainable and resilient future together.