Our Impact Plan 2025: KPMG commitment to sustainability and driving positive change

As global challenges intensify, from climate change and rapid technological disruption to shifting workforce expectations, businesses are being called to lead with bold thinking, inclusive solutions, and a deep commitment to creating positive impact. In this evolving landscape, KPMG in Singapore has released the fifth edition of Our Impact Plan, reaffirming its commitment to sustainable, inclusive, and innovation-led growth. The report showcases how the firm continues to “Be in Front” by contributing meaningfully to the Forward Singapore agenda and helping shape a future that is resilient, equitable, and purpose-driven.

At the heart of this commitment is KPMG’s belief that innovation must be anchored in social good. The report outlines how the firm integrates ethical innovation, lifelong learning, and responsible governance to create long-term value for clients, communities, and the broader economy. By operating sustainably and deploying transformative technologies such as artificial intelligence (AI) through its Trusted AI Framework, KPMG ensures that innovation is not only responsible and transparent, but also people-centric - building trust and resilience across society.

Globally, KPMG aims to halve absolute Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 2030 (from a 2019 base) and to transitioning touse 100 percent renewable electricity. KPMG in SingaporeIn Singapore, the firm’s is alignsing its our sustainability efforts are aligned with the Singapore Green Plan 2030, with decisive actions taken ing decisive steps to reduce its our environmental footprint. 

“Decarbonisation remains one of the key challenges of our time, and KPMG is committed to doing our part,” says ​Cherine Fok, Partner-in-charge, Our Impact Plan​, KPMG in Singapore, adding that this approach works both internally towards the firm’s global science-based target and externally to help clients meet their sustainability goals.

KPMG in Singapore’s headquarters in Singapore is is Green Mark Platinum-certified and fully powered by renewable energy. Additionally, we useThe firm also leverages In FY24, KPMG recycled 1,100kg of e-waste and helped its laptop supplier retire 746.5 tonnes of CO₂e from KPMG’s purchases. Additionally, since 2019, paper usage has dropped by 89 percent.

KPMG use technology to drive sustainability initiatives, reduce  and help suppliers cut waste (see table 1), and  we we deploy AI-powered, data-driven solutions to enhance regulatory compliance and climate initiatives for us and our clients.the firm and clients.

Shelley Chan, Partner, People, Performance & Culture, KPMG in Singapore emphasises that KPMG is committed to fostering an environment where our people can build dynamic and fulfilling careers. 

“In an era of rapid change, we use our global talent model and insights to balance immediate priorities with a long-term vision – investing in our people’s growth, well-being and professional development,” she says. “This is crucial because today’s geopolitical environment and the pace of technological and regulatory change require that talent navigate significant ambiguity.”

KPMG’sOur In an era of rapid change, we use our global talent model and insights to balance immediate priorities with a long-term vision—investing in our people’s growth, well-being and professional development. This is crucial because today’s geopolitical environment and the pace of technological and regulatory change require that talent navigate significant ambiguity. Our talent model ensures our professionals can manage these ‘in-between’ spaces—identifying new opportunities and defining pathways for success to generate exceptional outcomes for our clients and strengthen the communities we serve.”

KPMG’s global talent model is designed to equip its its our workforce with future-ready skills and a global mindset. In Singapore, the firm whas e have the firm has committed S$30 million to salary enhancements starting October 2024 (see table 2), and a further S$100 million over five years to strengthen workforce capabilities and drive innovation. 

In FY24, the firm Additionally, we KPMG delivered more than 137,000 hours of soft skills training and invested S$25m in futurist training, including AI and data analytics. Diversity remains a priority, with  38 percent  of partners at KPMG in Singapore being female – an upward trend that reflects the firms our inclusive culture.

KPMG deploys continues to harness responsible innovation and , advanced technologies in  and sustainability to guide clients and help communities thrive, with our investments in the firm’sour people, innovation and partnerships that drivesing prosperity. . 

“Key to this is our commitment to innovation to unlock new and better ways of doing things and fully harness the value and power of technology,” says Gary Wingrove, Chief Operating Officer, KPMG International. 

KPMG invests in its people, innovation and partnerships to drive prosperity. One example is the a  our US$4bn global investment throughto FY26 prioritising lifelong learning and skills development, while an additional. Another is our US$100m investment (see table 3) is dedicated over four years to developing AI agents and training its employeesour people – strengthening the KPMG’sour workforce and boosting contributing to Singapore’s digital resilience and skills pool.

Technologicalnology platforms such aslike KPMG Clara, the firm’sour the firm’s smart audit solutionplatform, are is transforming how we work  is done– —enabling KPMG’s audit practicesors globally by enabling auditors to to focus on high-risk areas using AI. KPMG We KPMG also supportss clients with ESG strategies, carbon monitoring,,  and sustainability reporting. , and GHG accounting – helping them meet evolving stakeholder expectations. KPMG also add value to clients’ their sustainability goals with strategies and reporting, carbon monitoring, ESG impact assessments and GHG accounting. 

In collaboration with Lastly, we collaborated with A recent collaboration with the Singapore Institute of Directors, KPMG is also  to helped upskilling  business leaders ion sustainability governance and reporting, ensuring they are equipped to lead with purpose and accountability.

Governance remains a cornerstone of KPMG’s strategy, underpinning transparency, accountability, and long-term success.

KPMG has long prioritised good governance, which challenges of the current environment make good governance crucial. It delivers compliance, transparency and accountability, and in turn builds and maintains the trust of stakeholders, creating resilience and supporting long-term success. 

“Governance isn’t just about managing risks – it’s about unlocking potential and building resilience for long-term success,” says Lee Sze Yeng, Managing Partner, KPMG in Singapore. “Business leaders must align strategy with purpose and ensure that governance frameworks continuously evolve to meet the demands of a fast-changing world. This means adapting oversight, refining reporting processes and ensuring that data remains transparent, reliable and actionable.”​

To that end, we KPMG  

“Governance isn’t just about managing risks,” says Lee Sze Yeng, Managing Partner, KPMG in Singapore. “It’s about unlocking potential and building resilience for long-term success.”

As governance requirements tighten globally, that approach has become critical. KPMG in Singapore advisess clients on sustainability-linked aspects like carbon taxation and pricing, and is are part of KPMG’s Global OIP Working Group to shape global reporting standards and share best practices. He firm also supports clients in navigating complex tax landscapes and regulatory changes. On Good governance extends to taxation, where we help clients meet their obligations in a fast-evolving global landscape. 

KPMG isWe . Additionally, KPMG are is committed to the protection of human rights (see table 4), and in line with the UN’s Guiding Principles on Business and Human Rights.

We also focus strongly on ethical conduct and compliance: In FY24, all employees staff completed their integrity training, and the firm continues towe runconduct “We Do What Is Right” training annually. On data quality,  KPMGwe Additionally, when faced with ethical dilemmas, staff can turn to our CARE (Consider, Assess, Respond, Evolve) framework. 

Finally, we aligns towith SSQM1 & SSQM2 standards and complies with , and adhere to  on data quality, as well as the Accounting and Corporate Regulatory Authority’s (ACRA) Practice Monitoring Programme to uphold audit excellence.  ensure high audit standards. We also conduct internal ESG assurance reviews of our sustainability reporting processes and controls for selected environmental and social data.

About KPMG

KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

For more information, visit kpmg.com.sg

LinkedIn: linkedin.com/company/kpmg-singapore