In the 35 years that KPMG has been active in Hungary, we have always adhered to a strong set of values, and responsibility has been and remains a core element thereof. The ESG approach is naturally embedded into our own operations, not just in our business advisory or our audit work.
For the first time now, we have compiled this in a dedicated document, our Sustainability Report; in line with market practice and the guidelines set out in KPMG’s annual global Our Impact Plan report. ESG functions as a watermark through our internal operations, and we are committed in this regard to a KPMG that is constantly evolving. To this end, we conducted a double materiality assessment of the future and current environmental and social impacts of KPMG Hungary, as well as the risks and opportunities related to sustainability.
Our current strategic approach along the three ESG dimensions takes the following paths:
- We are committed to reducing global warming and its impacts.
- We strive to support and follow KPMG International’s ambitious climate change mitigation goals, which include achieving net zero carbon emissions by 2030.
- We continuously monitor the proper and efficient management of energy consumption and waste management.
- Our corporate culture is rooted in our values. Our principles of integrity and open communication build trust and cooperation, while flexibility and diversity create a culture where our employees are free to share their views and inspire each other. This is exemplified by KPMG Hungary’s IDE (Inclusion, Diversity, Equity) Policy issued in 2023, which ensures that all employees feel safe at KPMG, eliminating any discrimination.
- We provide a range of opportunities for all our employees to find the best career development opportunities for them in their daily lives, on both their personal and professional development journeys. Operating ethically is of paramount importance to KPMG, since it is the only way to build the vital trust with our clients that is essential for us to work together.
- From a corporate governance perspective, we maintain strict rules at all times to ensure that our operations are transparent, reliable and ethical.
Our world is evolving rapidly. Companies are facing new situations as a result of the geopolitical and broader political uncertainty, the polycrisis state that surrounds us at present, and the emergence of disruptive technologies, such as generative AI. These must be managed with a focus on quality and the highest standards to achieve business goals. Yet growth today is not what it used to be for decades. The transition from shareholder capitalism to stakeholder (or in other words, accountable) capitalism and the strategy of responsible growth is the path that leads to relevance and long-term success.
The emergence and integration of ESG (Environmental, Social, and Governance) considerations into corporate governance is no longer an optional extra for business success, it has become a prerequisite for it.
We are publishing our Sustainability Report in Hungary for the first time, including our relevant performances, identified risks, opportunities and impacts for both society and the environment. Our goal is to inform our employees, clients and all stakeholders on where we stand and where we’re heading on our sustainability journey.
General information about our sustainability report
KPMG Hungary adheres to KPMG International reporting practices in sustainability reporting, which are based on the four pillars of Our Impact Plan (Principles of Governance, People, Planet, Prosperity). Additionally, we prioritise compliance with current reporting standards while preparing for our 2025 legal obligations for sustainability reporting as outlined in the Hungarian Accounting Act. As a result, depending on the information and resources available to KPMG during the preparation of this report, we have started to apply as fully as possible the Corporate Sustainability Reporting Directive (CSRD) adopted by the European Union and the disclosure requirements included in the European Sustainability Reporting Standards (ESRS) and the data points associated therewith.
Our Impact Plan
Our environmental, social and governance commitments.
Environmental information
„At KPMG Hungary, we believe that today's investments in sustainability are crucial for our future success. We consider it important to apply this approach not only in our business operations, but also in reducing our environmental footprint and protecting our resources. Towards achieving this, we are constantly seeking new opportunities to improve our energy efficiency, waste segregation and recycling in our offices. Additionally, we prioritize training our colleagues and raising awareness about conscious consumption and responsibility.”
Krisztina Nagy
CFO/COO
Social information
„As a leader, I believe that effective teamwork is essential for success, and that collaboration can really flourish in a well-functioning, values-based company culture. One of KPMG's greatest strengths lies in the diversity, skills, and commitment of its people. When I joined KPMG, it was clear to me that our corporate values provide a stable framework for the organization to be resilient to challenges and to develop in a forward-looking way in all areas. The social pillar is not negligible when it comes to sustainability issues, and we are committed to continuously evolve and lead by example in the business communities."
Zita Erős
HR Director
Governance information
„The decisions we make based on environmental, social and governance (ESG) considerations are becoming ever more important in our lives. Companies are increasingly putting efforts into becoming attractive places to work and retaining their talented employees. Creating a supportive environment requires shared values, collaborative thinking, ideas and an atmosphere conducive to improvement and a culture of recognition. As our world becomes progressively complex and vulnerable in many areas, we will continue to leverage our knowledge to work with our clients, NGOs, and partners in driving innovation and transformation towards a better future.”
Ágnes Rakó
Partner
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