The 2024 update of our environmental, social and governance (ESG) commitments — holding us accountable for progress toward a more sustainable future.

A message from our
Global Chairman and CEO

How we make the difference

Welcome to Our Impact Plan. This is now the fourth year we have published our progress against the clear goals we’ve laid out in our plan, and I am very proud of what KPMG firms have achieved. Although we still have a lot of hard work ahead of us, holding ourselves to account by tracking our progress will help ensure that we meet our commitments and continue to reduce our environmental footprint.

'What gets measured gets done' has been the guiding principle behind Our Impact Plan, and, as with our clients, we are following the available frameworks and standards to ensure we provide clarity to all our stakeholders, including our colleagues. In this update we have taken into consideration the World Economic Forum International Business Council (WEF IBC) Stakeholder Capitalism metrics, the reporting expectations of the UN Global Compact, the recommendations of the Task Force on Climate-related Financial Disclosures and the Global Reporting Initiative.

Bill Thomas Global Chairman and CEO
KPMG International

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Material topics:
Sustainable Development Goals:

KPMG in Malta highlights at a glance

Measuring our progress to creating long-term value and building a more sustainable future

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Governance

Governance

  • Staff receive training on our integrity and ethical standards, our global code of conduct, anti-bribery and compliance with laws, regulations and professional standards.
  • Anonymous whistleblower hotline for reporting of concerns in relation to compliance with professional, regulatory or legal obligations.
  • In our Annual Transparency Report, we disclose information on audit quality practices and procedures, policies on corruption and independence.
  • In 2023, we submitted our first annual ESG report to the Malta ESG platform.
  • In 2023, we established the OIP Forum to support in the delivery of our ESG goals.
People

People

  • In 2023, females made up 57% of our people and 48% of our management.
  • In 2023, our workforce comprised 36 nationalities, with expats constituting 34% of our people.
  • We offer our people free counselling with Richmond Foundation, staff opportunities for hybrid and flexible working, and extended maternity / parent leave to our senior people at Assistant Manager level and upwards.
  • As at 1 October 2023, female partners and directors comprise 24% and 32% of our leadership respectively.
  • In 2023, the total training hours of staff amount to 36,098 hours, excluding on-the-job training and study leave.
  • In 2023, we appointed a Partner to champion our Inclusion, Diversity and Equity (IDE) efforts.
Planet

Planet

  • In 2023, we grew our multidisciplinary ESG teams and serviced numerous private and public clients on ESG reporting, transformation and assurance.
  • We are calculating our carbon footprint (scope 1, 2, 3) on an annual basis; our 2023 carbon footprint reduction over 2019 (our baseline year) is currently being calculated.
  • Participated in and organised a total of 4 clean-ups including a clean-up for World Clean-Up Day 2023, and a tree planting event for World Environment Day 2023.
Prosperity

Prosperity

  • €77,000 in donations in 2023 (including volunteered time).
  • Headcount grew to over 530 people in 2023 (excl. contractors and students).
  • Published various ESG thought leadership pieces, including on the Net Zero Readiness of Islands, sustainability in construction and real estate, ESG in tax, carbon accounting, sustainability standards and labels, and carbon emissions reductions in aviation.
  • 151 students participated in our graduate recruitment programme in 2023.
  • Our ESG team delivered external training and participated in discussions on various ESG topics, including the Corporate Sustainability Reporting Directive, ESG in gaming, and ESG in public sector.
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Governance

Our Purpose and Values guide everything we do.

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People

Creating a caring, inclusive, Purpose-led and Values-driven culture.

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Planet

Reducing our impact on the environment to build a more sustainable and resilient future.

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Prosperity

Making a positive social and economic impact.

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Materiality

We're committed to building a better KPMG.

People of KPMG

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ESG as the watermark: How we make an impact at KPMG

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Aspiration
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Make ESG the watermark underpinning everything we do while striving to achieve our ambition of driving growth across our business and of becoming the most trusted and trustworthy professional services organization

Our Impact

Clients and supply chain

  • Impact through the services we provide
  • Offer insights and analysis to help inform the decision making of clients
  • Sustainable, ethical and fair practices

People

  • Create an inclusive culture where our people come as they are
  • Commitment to offer the skills needed for the future world of work
  • Do work that matters
  • Support the communities we live in

Society

  • Bring together multi-disciplinary skills and our geographic breadth to help build a fairer and more equitable future
  • Reflect the communities we operate in
  • Reduce our impact on the planet to build a more sustainable and resilient future
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Our Foundation
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Our Purpose

Inspire confidence.
Empower change.

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Our Values

Integrity, Excellence,
Courage, Together, For Better

What we offer
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Commitment to drive meaningful, sustainable change

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Professional excellence and quality services

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Scale of reach and expertise

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Innovative solutions

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Protection of capital markets

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Shaping of public policy and regulations


Today, the challenges the world faces have never been greater, with immense pressures on business and in society.

It’s why all of us at KPMG embrace our Purpose — to inspire confidence and empower change — as it has never been so relevant. Confidence is needed to navigate the uncertainty of this dynamic environment and accelerating change is needed to build a more sustainable future.

Answering that calling starts with great people with strong values and skills across many different disciplines. Our people are our bedrock and form the foundation of our organization. They are driven by a strong purpose, led by our Values, equipped with knowledge and skills, and motivated to find solutions for the world’s biggest challenges.

KPMG is at our very best when all of those 270,000+ talented individuals across the globe are working together, side-by-side with clients, alliance partners and wider stakeholders to solve problems, big or small. From businesses to NGOs, governments to communities, we help them by bringing our best experience and knowledge, paired with cutting-edge technology and innovation, to drive progress.

We do this directly by helping clients meet their business goals, including: mitigating climate change and seeking potential alternative energy transition pathways, economic growth, technological advances, the fair and efficient operation of tax systems, and the delivery of better outcomes for public services.

Throughout all of this, we’re committed to meeting our own responsibility to ensure our business is resilient, sustainable and does not exacerbate the challenges we all face together. Our Impact Plan is our roadmap to build a stronger and more sustainable business. It is also our opportunity to reaffirm our commitments to the UN Global Compact Principles and the UN Sustainable Development Goals.

From reducing our impacts and developing the most sustainable footprint possible, we acknowledge we can and will accomplish more.

Ultimately, the biggest impact we can make is helping those that rely on us overcome their challenges. That is why we are committed to ensuring ESG is embedded in everything that we do.

Being part of the solution is what has driven us for more than 150 years, and even as the world evolves, we are determined to keep learning and improving — and working with others to do the same.

Report hub

Download our reports for more detail on KPMG activities this year, and in previous years.

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How we make the difference

Welcome to Our Impact Plan. This is now the fourth year we have published our progress against the clear goals we’ve laid out in our plan, and I am very proud of what KPMG firms have achieved. Although we still have a lot of hard work ahead of us, holding ourselves to account by tracking our progress will help ensure that we meet our commitments and continue to reduce our environmental footprint.

'What gets measured gets done' has been the guiding principle behind Our Impact Plan, and, as with our clients, we are following the available frameworks and standards to ensure we provide clarity to all our stakeholders, including our colleagues. In this update we have taken into consideration the World Economic Forum International Business Council (WEF IBC) Stakeholder Capitalism metrics, the reporting expectations of the UN Global Compact, the recommendations of the Task Force on Climate-related Financial Disclosures and the Global Reporting Initiative (GRI).

Highlights from our progress against Our Impact Plan include:

  • We have conducted a robust materiality assessment refresh and, for the first time, are reporting 'with reference' to GRI guidance.
  • We’ve reduced our gross emissions by 22 percent against our FY19 baseline year, and increased renewable energy usage across our global organization to 81 percent.
  • We have helped economically empower 1 million disadvantaged young people through our 10by30 initiatives.
  • We’ve seen an increase of women in leadership roles across KPMG firms to 29.4 percent — up by 3.3 percent from our baseline at 1 October 2020.
  • We’re investing more than US$4 billion dollars in Technology, Talent and ESG to ensure that we are agile and resilient and that clients can rely on our firms in a dynamic environment.

As the world continues to become increasingly complex and sees even greater fragility, we will continue to bring our skills across all our disciplines to work with clients, NGOs, alliance partners and others to help bring about innovation and transformation to build a better future. That is why in this year’s progress update we have also included greater focus on the work we do through our clients, as well as our position on artificial intelligence (AI).

We see the exponential rise of generative AI and machine learning as an opportunity to use our unique skills to help identify and address some of our planetary crises, but we approach this topic with open eyes. We are focused on building the right governance and guardrails to apply AI and technology to bring about positive change and to help ensure the rise of technology does not bring about new pressures on society.

Thank you for taking the time to read more about what KPMG is doing to become a more sustainable business. I hope you find the update useful and look forward to continuing working with all our stakeholders to bring about the transformation so needed in the world today.



Bill Thomas

Global Chairman and CEO

KPMG International

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Throughout this content, “we”, “KPMG”, “us” and “our” refers to the global organization, to KPMG International Limited (“KPMG International”), or to one or more of the member firms of KPMG International Limited, each of which is a separate legal entity.

“Reporting KPMG Firms” means KPMG firms in 20 large countries and territories, including member firms whose senior partner is also a Global Board member. These countries and territories are Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, Singapore, South Africa, South Korea, Spain, Switzerland, the UK and the US.

KPMG International Limited provides services and support to, or for the benefit of, KPMG firms and does not provide professional services directly, or indirectly, to clients.  Professional services to clients are exclusively provided by KPMG firms who remain solely responsible for and liable in respect of these services.

KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity, and/or to KPMG International Limited. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. For more detail about our structure please visit kpmg.com/governance.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Climate change performance data for FY23 has been collected from 75 KPMG firms including Reporting KPMG Firms. Although KPMG International has not obtained third-party verification of the emissions data in this report, a number of the KPMG firms have had their underlying data independently verified. To estimate total emissions on a global basis on the basis of the data collected from the relevant KPMG firms, KPMG International’s methodology for relevant emissions and/or carbon claims is in accordance with the globally recognized Greenhouse Gas Protocol (GHG Protocol), developed by the World Business Council for Sustainable Development and the World Resources Institute. The GHG Protocol provides standards and guidance for companies and other organizations preparing a GHG emissions inventory, also known as a carbon footprint. For more information download the full PDF.