KPMG PH Impact Plan

FY2023 update

KPMG. Make the Difference.

FY2023 update

Message from Our Chairman and CEO

How we make the difference

Operating in a rapidly changing and uncertain business environment is challenging. That's why businesses must stay anchored to their purpose and values. At our firm, our purpose is clear: To Inspire Confidence, Empower Change—guided by our values of Integrity, Excellence, Courage, Together, and For Better.

To ensure that we make a positive impact to our people, clients, communities, and stakeholders, we committed to enact positive change across the four pillars of Planet, People, Prosperity and Governance. Our 2023 Impact Plan update details our environmental, social, and governance efforts, showcasing our progress in embedding these values into our culture and our continuous improvement in systems and policies to address evolving challenges.

Sharon G. Dayoan Chairman and CEO
KPMG in the Philippines
R.G. Manabat & Co.

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Message from Our Vice Chairman and COO, Head of Advisory

How we make the difference

At KPMG in the Philippines, we recognize our responsibility to lead by example. Though our ESG services multiply our own positive impact through helping clients transform their businesses – we must walk the talk. We are holding ourselves accountable to our Impact commitments to deliver on our purpose to Inspire Confidence, Empower Change.

Our 2023 Impact Plan update stands as a pivotal milestone, providing a comprehensive reflection on our progress, goals and commitments within our sustainability journey. Under the Governance Pillar, upholding ethical business conduct remains ingrained in our corporate ethos, with the Department of Professional Practice (DPP) and Risk Management (RM) teams continually enhancing policies, refining procedures, strengthening controls, and implementing training initiatives. Our governance policies, including our Code of Conduct, serve as pillars ensuring exceptional professional services, accountability and transparency to stakeholders./p>

Emmanuel P. Bonoan Vice Chairman and COO, Head of Advisory
KPMG in the Philippines
R.G. Manabat & Co.

Message from Our ESG Lead

How we make the difference

Our work on ESG and Sustainability at KPMG in the Philippines goes beyond compliance—it is about creating impactful and purposeful solutions addressing the complex and ever-changing ESG issues that our society faces today. For KPMG in the Philippines, we see the sustainability landscape as an opportunity for innovation, growth, and purpose-led, impact-driven, long-term value creation to respond to the concerns of our clients and stakeholders.

In our first Impact Plan update, we have worked towards our commitments we have developed in 2022. We have taken actions for these commitments across our four Pillars.

Kristine I. Aguirre Advisory Partner (Risk Consulting) and ESG Lead
KPMG in the Philippines
R.G. Manabat & Co.

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FY2023 at a glance

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

Governance

Explore Governance

95% rating in Ethical Practices category from the latest 2022 KPMG Global People Survey (GPS)

Impact Plan of the Firm to be published annually

Zero notifiable data breaches

Zero reported cases of bribery and corruption

People

Explore People

Women Representation: 70% in leadership, 60% in workforce

90% employee satisfaction in the Employee Engagement category*

95% employee satisfaction in the Inclusion and Diversity* category

Launched our KPMG PH ESG Curriculum

*KPMG’s Global People Survey

Planet

Explore Planet

Implemented waste reduction measures: waste segregation, scrap disposal, operation waste reduction

100% spending on local suppliers*

Work for Excellence working arrangement

*except for the procurement of electronic equipment

Prosperity

Explore Prosperity

Donated to humanitarian and non-profit organizations

2023 Philippine Tax Firm of the Year

3,179 total volunteering hours

16% average increase in our workforce across service lines

Governance

Our Purpose and Values guide everything we do.

People

Purpose-led and Values-driven culture.

Planet

Reducing our impact on the environment.

Prosperity

Making a positive social and economic impact.

Our Pillars that Drive Change

R.G. Manabat & Co. ("KPMG in the Philippines" or the "Firm") is dedicated to establish and continuously refine our approach to Sustainability. We anticipate that, over time, our reports will shift to align with both global and local ESG reporting guidelines and be relevant to the trends in the evolving landscape.

For our 2023 update, we've aligned to the UN Sustainable Development Goals (UN SDGs) and the UN Global Compact Principles.

We also aim to adhere to and align with KPMG International's priorities, ensuring that our practices and objectives meet the global standards and strategic goals of the organization.

Champion diversity, inclusion, and gender equality where everyone can thrive and make opportunities for themselves and others
Protect the physical and mental health and well-being of our people
Foster a learning culture where our people continuously grow and develop their essential and technical skills
Respect and defend human rights

Reduce our carbon footprint
Measure and report our carbon footprint and climate performance
Drive sustainable climate practices in our operations

Purposeful Business:

Operate the business in accordance with our purpose – to inspire confidence and empower change
Do work that matters which can create a positive difference for our clients, people, and communities
Lead the profession in audit quality

Education and Communities:

Uplift our communities through the KPMG R.G. Manabat Foundation which aims to improve communities through education, scholarship and community development programs
Champion education through scholarships and other knowledge-sharing activities

Act lawfully, ethically, and in the public interest
Work against corruption in all its forms
Maintain client confidentiality

How We Value Our Stakeholders

Prioritization category	Stakeholder Group	Mechanisms of Engagement	KPMG Global IMPACT Commitment	Frequency of Engagement
Operational stakeholders	Clients	Client meetings Social media Client opinion survey Thought leadership creation and dissemination Webinars and conferences Internal audit initiatives	Prosperity Governance Planet People	Ongoing Regular content updates Annual
	Employees	Social media Conferences Global People Survey	People	Ongoing Annual
	Suppliers/Vendors	Meetings	Governance Planet	Ongoing
Strategic stakeholders	Regulatory bodies Public institutions	Meetings Forums Conferences Strengths, Opportunities, Aspirations, and Results (SOAR) planning	Governance Prosperity	Ongoing Engagement specific
Occasional stakeholders	Local communities	Meetings Global Impact Plan	Planet Prosperity	Ongoing

Contact us

Sharon G. Dayoan

Chairman and Chief Executive Officer

KPMG in the Philippines

Emmanuel P. Bonoan

Vice Chairman and Chief Operating Officer, Head of Advisory

KPMG in the Philippines

Kristine I. Aguirre

Advisory Partner (Risk Consulting) and Environmental, Social and Governance (ESG) Lead

KPMG in the Philippines

How we make the difference

In the pages ahead, you will see that our pillars serve as a framework for both monitoring and reporting on our progress.

Over the past years, we have achieved significant milestones in each of our four priority areas. Our certification as a Great Place to Work and our recognition as one of the Philippines’ Best Employers for the second consecutive year echo the progress we’ve made in promoting inclusivity, supporting our employees and championing ESG principles.

We have implemented environmental initiatives and measures in our offices and we have also continued to give back to the local communities through scholarships, donations and volunteering activities. By embedding ESG considerations at the core of our operations, along with the KPMG network, we continue to implement sustainable practices that prioritize the planet and society as a whole.

We recognize there is more to do and remain committed to transparency about our progress. We want our team, clients, and stakeholders to clearly understand where we stand and where we are headed.

The synergy within our firm strengthens my confidence that, through our united efforts, we can surpass our goals and achieve sustained impact.

Guided by our Impact Plan, we remain committed to our collaborative efforts and prioritizing what truly matters, together.

Sharon G. Dayoan

Chairman and CEO

KPMG in the Philippines

How we make the difference

Meanwhile, for the People Pillar, our People, Performance & Culture (PPC) Department remains steadfast in fostering an inclusive community. Emphasizing talent attraction, retention and job creation, we actively provide internship opportunities to students and facilitate employment after completing their studies to contribute to sustainable workforce development.

Under the Planet Pillar, our Administration department established a data collection system for tracking and monitoring our operational GHG footprint, including determining and consolidating the data requirements to be able to compute for our emissions.

Lastly, for our Prosperity Pillar, we promote and support our team members in contributing to nation-building. This involves dedicating their time and resources to engage in volunteer activities, often in partnership with different non-government organizations.

It is evident that each member of our team plays an integral role in creating a continuous cycle of positive change, and we trust that the collective efforts made in these endeavors not only enrich the overall well-being of our team and the organization but also benefit the communities we serve.

Our commitment to sustainability is not just a statement; it is a shared vision and a call to action. As we forge ahead, we remain inspired by the impact we can collectively create, confident in our ability to contribute meaningfully to a more sustainable future.

Emmanuel P. Bonoan

Vice Chairman and COO, Head of Advisory

KPMG in the Philippines

R.G. Manabat & Co.

How we make the difference

In our first Impact Plan update, we have worked towards our commitments we have developed back in 2022. We have taken actions for these commitments across our four Pillars.

Governance: Our purpose and values lie at the heart of the way we do things and determine how we work together and with our clients and stakeholders. Under our Global Code of Conduct, we have continually upheld the highest ethical standards of personal and professional behavior even in challenging situations. In FY 2023, we have achieved significant milestones that display our commitment to integrity, ethical practices, compliance with laws and regulations, and transparency and accountability – achieving a 100% completion rate of our KPMG Integrity Training, fostering a culture of ethical behavior among our employees, and reporting zero cases of bribery and corruption, discriminatory behavior and notifiable data breaches.

People: We have expanded our Diversity, Inclusion and Equity initiatives through our activities that support our LGBTQ community. Our female representation in our workforce has remained high, with 70% women employees, and 53% in partnership positions. We have also worked to further enhance our employees’ health and well-being by having financial assistance programs, the #KPMGisHereForYou Program, and hobby clubs to enrich personal development, and Work for Excellence, our hybrid work arrangement. We have also launched various learning and development programs to foster a learning culture. This includes the launch of our ESG Curriculum that aims to equip our employees with sustainability and responsible business practices. To protect human rights, we have championed an inclusive and collaborative culture that is free from bullying, discrimination and harassment.

Planet: This year, we have focused our efforts on establishing data collection systems to measure our impacts on emissions, energy, waste and water. We are aiming to release our baseline environmental performance in the coming years and report the same. Currently, we have made progress in transitioning to more environment friendly alternatives such as LED lighting, energy efficient appliances, and eco-friendly materials.

Prosperity: In FY 2023, we have expanded our service lines by an average of 18% to meet the changing needs of our clients and contribute to purposeful business practices. We were awarded as the Philippines’ Tax Firm of the Year which demonstrates our dedication to delivering quality services to our clients. In FY23, we spent 3,179 hours of giving back to our communities through volunteering and we also invested in our communities through donations to various philanthropic organizations focused on education, humanitarian assistance, and financial assistance to underserved communities.

In this report, you will find additional facts, figures and detail on these accomplishments. Although we are proud of our progress, we will continue to strive to evolve as a global leader in sustainability.

We will continually seek to improve the effectiveness of our efforts by taking on key environmental, social and governance imperatives and involving all our employees, clients and stakeholders to create a continuous cycle of positive outcomes. We look forward to sharing our ESG journey with you.

Kristine I. Aguirre

Advisory Partner (Risk Consulting) and ESG Lead

KPMG in the Philippines

R.G. Manabat & Co.

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