ESG issues have become increasingly significant to our clients and their stakeholders. Whether it’s net-zero commitments, healthcare and equity or societal challenges, we recognize the need to be at the heart of these strategies to help overcome pressing challenges by working together.
Australia’s most populous state, New South Wales (NSW), was looking to transition its energy supply from coal-fired generation to clean, renewable resources. At the time, coal-fired generation made up more than 75 percent of the state’s electricity supply, and the required energy transition had proven to be economically, socially and politically challenging. But the government also recognized that it presented a once-in-a-generation opportunity that “could set NSW up to be a global energy superpower.”
KPMG Australia supported the development of a comprehensive infrastructure roadmap, giving the government the insights it needed to transform and succeed. Working with the government, KPMG Australia’s diverse and dedicated problem solvers developed an integrated policy covering generation, transmission and energy storage, offering a steep pathway to decarbonization for the state. The policy is designed to work for energy users, investors and communities, and help:
- attract up to AU$32 billion in private investment in regional energy infrastructure by 2030
- support more than 6,300 construction and 2,800 ongoing jobs in 2030, mostly in regional NSW
- save around AU$130 a year on the average NSW household electricity bill and AU$430 a year on the average small business electricity bill between 2023-2040
- contribute to the NSW government’s Net Zero Plan by delivering 90 million tonnes of reduced carbon emissions by 2030.
Working with the government, connected by a common cause, KPMG Australia is helping to build sustainability and resilience into the NSW economy, enabling a new, clean energy sector to take off.
Our KPMG firms in Germany and the Netherlands led a global team to help Bayer, a leading company in health and nutrition, take its ambitious 2030 Sustainability Development Objectives from ambitions to reality.
Bayer was looking for deep sustainability experience and the ability to connect its bold climate and social commitments with its business strategy. It also wanted to work with an organization that approached sustainability goals with the same rigor as financial targets — our new ESG initiative, KPMG IMPACT, checked all the boxes.
The KPMG team developed and validated a set of targeted KPIs relevant for the sustainability goals that were credible, achievable and audit-ready. The KPIs were inspired by industry best practices in impact reporting, and the objectives were stress-tested in light of current performance and envisioned strategic initiatives.
The KPMG team was also engaged to support Bayer’s Crop Science division with its 100 million smallholder farmers program, conducting external key opinion leader roundtables and recommendations on partnerships for smallholder farmer engagement.
Finally, professionals from multiple KPMG firms assisted in strategy formulation and conducted training for Bayer to communicate its sustainability strategy to investors.
KPMG experts from Germany, the Netherlands, UK and New Zealand helped deliver industry-leading practices, research and trusted client solutions.
With the KPIs in place and the initiative up and running, Bayer is on its way to meeting its 2030 sustainability goals.
To learn more, reach out to Thomas Hillek.
Sanofi, the EU-ASEAN Business Council and KPMG in Singapore recently launched the findings of research exploring healthy ageing and life-course immunization for South-East Asia. Entitled: ‘The Decade of Healthy Ageing in ASEAN: Role of Life-course Immunisation’, the report’s aim is to support governments across the region to make the best policy decisions to help ensure healthy ageing, but is globally relevant as countries around the world are looking to mitigate the risks — and harness the expected benefits — of an ageing demographic.
This project is the culmination of months of field research. KPMG is now looking to translate those findings into action, facilitating a series of policy-shaping workshops to give governments the insights they need to transform and succeed.
To learn more, reach out to Chris Hardesty
Early on during COVID-19, one element became increasingly clear: it had a disproportionate impact on racial and ethnic minorities. In an effort to address this inequality, Morehouse School of Medicine (MSM) teamed with KPMG in the US to help pursue and win a grant from the U.S. Department of Health and Human Services, Office of Minority Health to fight COVID-19 in racial and ethnic minority, rural, and socially vulnerable communities. MSM had to take into account infrastructure and regulatory requirements along with the additional complexities of:
- a siloed workforce
- complex health needs of the communities characterized by mental health challenges, comorbidities, and other social determinants of health (SDH)
- disparities in social determinants of health and healthcare access that pose unique challenges to disseminating an effective mitigation strategy
- linguistical barriers that often alienate underserved populations.
MSM asked KPMG in the US to apply its digital transformation capabilities to help lead, build, and manage the technology infrastructure and platform enabled by Salesforce to support the communication efforts.
To learn more, reach out to Dr. Todd Ellis
Acting responsibly towards the planet and society is in Philips DNA. The global healthcare technology company was aiming to embed its purpose into every part of the organization, so that employees’ daily activities drive the business and at the same time help make the world a better place.
In order to make purpose a driving force behind strategy, Philips wanted to integrate its financial and non-financial key performance indicators (KPIs). This was a huge step forward so, in 2019, KPMG firms were asked to help build a new framework for executive decision-making.
KPMG professionals and Philips jointly came up with the concept of a Purpose Compass — a dashboard that charts progress and highlights gaps. Visually appealing and easy to understand, it shows how different decisions and actions can contribute to Philips’ purpose-related targets and benefit stakeholders.
Helping road test the approach in key markets and businesses, KPMG professionals worked at refining the framework along the way. The company is now integrating purpose-related targets, metrics and rewards into executive decision-making, to help create value for all its stakeholders, by improving lives, increasing access to healthcare and helping meet United Nations Sustainable Development Goals.
KPMG and Philips believe that what’s good for society and the environment is also good for business.
To learn more, reach out to David Ikkersheim
Throughout this webpage, “we”, “KPMG”, “us” and “our” 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.