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Our firm

Modern Slavery Statement

KPMG has a zero-tolerance approach to modern slavery.

While the professional services industry is not typically considered a high-risk sector for labour-related breaches, we are acutely aware that risks can arise across our operations and supply chain. We have a critical role to play in managing potential harm to people through a risk-based approach to human rights due diligence.

Our latest Modern Slavery Statement provides an update on the progress we’ve made over the course of FY22 to strengthen our approach to the detection and prevention of modern slavery within our business and supply chains. We do this through:

Our policies KPMG’s comprehensive policy framework helps us manage our approach to modern slavery risks. In 2022 we conducted an internal refresh of our polices including an update to our Internal Anti-slavery & Human Trafficking Policy. In 2023, our policies will be subject to annual review and relevant amendments will be made as required to strengthen our approach.
Risk assessment We monitor our relationships with our audited entities, clients, people, partners and third parties including suppliers for modern slavery risks using established modern slavery risk indicators. This ensures our efforts in identifying, assessing, addressing, and preventing modern slavery risk are focused on areas where the risk of harm to people is most likely. In 2022 we reviewed our risk assessment process to ensure our due diligence processes are capturing our highest risks. In 2023 we will look to implement recommendations arising from these reviews.
Due diligence Our approach to due diligence is guided by good practice guidance and ongoing conversations with our internal modern slavery SMEs, to assess changes to modern slavery risks in our business and / or supply chain and provide relevant actions to mitigate arising risks. During FY22, we reviewed our supplier self-assessment questionnaire and will look to incorporate learnings from these reviews in FY23.
Training Modern slavery training is fundamental to raising awareness and building employee capabilities to mitigate risks and appropriately escalate concerns. All colleagues at KPMG are provided with modern slavery training every two years, and members of our Procurement team are also provided with specific training on an annual basis on their role in preventing modern slavery in our supply chain. In 2022 we also provided training to our suppliers identified as scoring low marks in our most recent supplier questionnaire and circulated our ACCEPT framework, a principle led decision making framework, and our ESG risk appetite statement to our partners. We will provide all client facing colleagues with training on the framework in 2023. We also aim to develop a training plan to strengthen awareness of modern slavery risk indicators and controls across a broader range of teams.
Measuring effectiveness We recognise that the review and assessment of our actions to identify and address modern slavery risks across our operations and supply chain will be an ongoing and evolving process. We use Key Performance Indicators (KPIs) to better understand the effectiveness of our approach to managing modern slavery risks. In FY22, we enhanced the effectiveness of our anti-modern slavery programme by working with Protect, the leading whistle-blowing authority in the UK to understand how to improve our Speak Up processes, finalised our modern slavery maturity report and implemented a number of key recommendations arising from the review. In 2023, we will continue to implement recommendations from the report, will take part in the UN (United Nations) Global Compact’s Business & Human Rights Accelerator programme, and will work to further optimise our modern slavery KPIs. To view our KPIs please refer to our Modern Slavery Statement.
Governance and approvals We recognise the importance of a collaborative approach to addressing modern slavery risks in our operations and supply chain:
  • Our UK Board is responsible for ensuring there is a satisfactory framework for managing cultural, ethical, risk and reputational matters affecting our firm. They are also responsible for approving our annual Modern Slavery Statement, ahead of publication.
  • Overall accountability for our modern slavery risk management resides with the Chief Risk Officer.
  • Our cross functional Modern Slavery Working Group meets at least quarterly to review the effectiveness of our Modern Slavery Programme and drive forward our approach to tackling the risk of modern slavery in our operations and supply chain.
  • Day-to-day responsibility for the management of our anti-modern slavery programme is led by Risk and Legal.
We continue to review the governance structure of our modern slavery working group on an ongoing basis and since FY22 year-end have added an Inclusion Diversity and Equity Manager and our newly appointed head of Supply Chain Sustainability.

Read more: KPMG Modern Slavery Statement