Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Board diversity disclosures

Track board diversity disclosures using the KPMG Board Diversity Disclosure Benchmarking Tool.

Powered by ESGAUGE


Highlights of board diversity disclosure practices for the S&P 500 and Russell 3000 as of December 2023, provided via the KPMG Board Diversity Disclosure Benchmarking Tool.

Board gender diversity disclosure

Nearly all S&P 500 companies (99%) and 88% of Russell 3000 companies disclose the board’s gender makeup in some form.

Board gender diversity disclosure*

Disclosure type

Example

% of S&P 500 companies

% of Russell 3000 companies

The gender of individual directors by nameTwo of our directors are women, Ms. Ford and Ms. Jones.51%24%
The number/percentage of directors identifying as gender diverse30% of our director nominees self-identify as women.93%82%
One of our directors identifies as non-binary.
Four directors are diverse with respect to gender.
Any of the above forms (excludes duplicates)
99%88%

 * Companies refer to gender in a variety of ways in their disclosures, such as “gender,” “gender identity,” or “gender expression.” The data in this chart does not incorporate director pronouns used in disclosures.

Racial/Ethnic board diversity disclosure

Almost all S&P 500 companies (97%) disclose the racial/ethnic diversity of the board in some form, compared to 85% of Russell 3000 companies. 

Half of Russell 3000 companies are listed on the Nasdaq stock exchange and subject to Nasdaq’s Board Diversity Rule; this is likely why a greater percentage of Russell 3000 companies than S&P 500 companies disclose the number/percentage of directors identifying with each racial/ethnic category.

Racial/Ethnic board diversity disclosure

Disclosure type

Example

% of S&P 500 companies

% of Russell 3000 companies

The race/ethnicity of individual directors by name
Mr. Smith is Black.
42%20%
The number/percentage of directors identifying with each racial/ethnic category
Two of our board members are Asian.
46%57%
The number/percentage of the board that is racially/ethnically diverse
Thirty percent of the board is racially/ethnically diverse.72%38%
Any of the above forms (excludes duplicates)
97%85%

LGBTQ board diversity disclosure

Thirty percent of the S&P 500 and 41% of the Russell 3000 disclose the LGBTQ status of the board in some form; this includes those companies disclosing that they have no directors self-identifying as LGBTQ.  

Russell 3000 companies are more likely to disclose the LGBTQ status of directors in the aggregate, which is also likely a result of the Nasdaq Board Diversity Rule.

LGBTQ board diversity disclosure

Disclosure type

Example

% of S&P 500 companies

% of Russell 3000 companies

The LGBTQ status of individual directors by name

Mr. Miller self-identifies as LGBTQ.

(This includes those companies where no director self-identified as LGBTQ in the board skills/diversity matrix.)

10%5%
The number/percentage of directors identifying as LGBTQ
One of our board nominees is LGBTQ.
23%37%
None of our directors identify as LGBTQ.
Any of the above forms (excludes duplicates)
30%41%

Board seats disclosed as held by diverse directors

Seventy-one percent of S&P 500 companies and 70% of Russell 3000 companies disclose their directors’ self-identified racial categories (by name or number/percentage identifying with that racial/ethnic category).

The percentage of board seats disclosed as held by LGBTQ directors is at 1% in both indices.

When considering the use of pronouns used in disclosures, women hold 33% of S&P 500 board seats and 29% of Russell 3000 board seats.  

Board demographics*

 

% of S&P 500 companies

% of Russell 3000 companies

Gender
Male66.7%71.0%
Female33.3%29.0%
Nonbinary0.0%0.0%
Race/Ethnicity
White/Caucasian73.5%76.1%
African American/Black12.2%8.1%
Latino/Hispanic5.0%3.7%
Asian, Hawaiian, or Pacific Islander6.7%7.7%
Two or more races/ethnicities1.1%1.6%
Did not disclose race/ethnicity0.9%2.3%
Other race/ethnicity0.7%0.6%
Sexual orientation
LGBTQ1.0%1.0%

*Calculation of seats held by male, female, and nonbinary directors incorporates the use of director pronouns in disclosures. Calculation of racially/ethnically diverse board seats includes only those companies disclosing racial/ethnic board diversity data. Those directors disclosed as identifying with two or more races/ethnicities may also be identified with the individual racial/ethnic categories to which they belong.

KPMG Board Diversity Disclosure Benchmarking Tool

Powered by ESGAUGE, allows corporate and board leaders, investors, and other stakeholders to compare diversity disclosure practices by sector, index, and company size. 

Thank you

Thank you for your interest in the KPMG Board Diversity Disclosure Benchmarking Tool, powered by ESGAUGE.

Please copy and paste the following URL into your browser to access the tool: https://kpmg.esgauge.com/racialdiversity

KPMG Board Diversity Disclosure Benchmarking Tool

To receive access to the KPMG Board Diversity Disclosure Benchmarking Tool at no cost, provide your contact information. You will be directed to a page that contains the link to ESGAUGE to access the tool.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.
Explore related insights
No results found.
iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Sustainability

Resources that can help directors in shaping a company’s sustainability approach—understanding why it matters, what it looks like, and how it connects to long-term performance.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Events and programs overview

Learn more about all the Board Leadership Center events and programs.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Lead Director Initiative

Explore critical boardroom challenges and priorities through the Lead Director / Independent Chair lens.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Audit Committee

As part of the KPMG Board Leadership Center, the Audit Committee Institute (ACI) provides audit committee and board members with practical insights, resources, and peer-exchange opportunities focused on strengthening oversight of financial reporting.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Risk Oversight

Cyber security. Compliance. Geopolitical volatility. Supply chain disruption. Leading boards continue to calibrate 8their oversight of current and emerging risks—from improving information quality to reinforcing the right culture.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Board Governance

From the board’s role in strategy development and capital allocation to board composition and effectiveness.

iconimg Insight
Webcast Replay Webcast Upcoming Listen Now

Director Essential Resources

For both new and experienced board members, the KPMG Board Leadership Center offers director essentials, current insights, and information on events and programs. First-time board members can also leverage our new director onboarding resources.

    Diverse boards are more effective, and disclosure drives action. As stakeholder calls continue to grow for disclosure of board diversity as well as policies and practices, this tool will help measure progress and highlight gaps.

    Susan Angele

    Senior Advisor, KPMG Board Leadership Center

    Meet our team

    Image of Annalisa Barrett
    Annalisa Barrett
    Senior Advisor, KPMG Board Leadership Center, KPMG US

    Receive the latest insights from the Board Leadership Center

    Sign up to receive Board Leadership Weekly and Directors Quarterly

    Thank you

    Thank you for subscribing. We're excited to welcome you to our community. You can now look forward to the latest news, trends, upcoming events, and thought leadership delivered directly to your inbox.

    Subscribe to insights from KPMG Board Leadership Center

    Board Leadership Weekly - A weekly email providing the latest news, trends, upcoming events, and thought leadership focused on the board and C‑suite from KPMG, the BLC, and other leading sources. 

    Directors Quarterly - A compilation of articles, insights, and upcoming events.

    Select publications you want to receive and any topics of interest below. Select all that apply.

    By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

    An error occurred. Please contact customer support.

    Thank you!

    Thank you for contacting KPMG. We will respond to you as soon as possible.

    Contact KPMG

    Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

    By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

    An error occurred. Please contact customer support.

    Job seekers

    Visit our careers section or search our jobs database.

    Submit RFP

    Use the RFP submission form to detail the services KPMG can help assist you with.

    Office locations

    International hotline

    You can confidentially report concerns to the KPMG International hotline

    Press contacts

    Do you need to speak with our Press Office? Here's how to get in touch.

    Headline