Systemic inequality is a source of risk that limits productivity and has the potential to constrain consumer spending and growth, destabilize supply chains, trigger political instability, and jeopardize social license to operate.
An increasingly unstable economic environment, along with severe climate events, is fueling political and social unrest — creating a vicious cycle of growing inequality and deteriorating social cohesion. And while the ‘S’ in ESG is critical to ensuring a fair and equitable world, it is also a business opportunity to make things right.
Corporate adherence to ESG principles has become a legal imperative and stakeholders are demanding more transparency and accountability. Companies that meet rising social expectations can attract and retain talent, generate business opportunities and improve their reputations — while those who fail to adapt may struggle to compete.
At KPMG, we understand the interlinks between the social, environmental and governance pillars of ESG, and KPMG firms can help you connect the dots to help ensure your business is fair, inclusive and sustainable — supporting your company through a rapidly changing social landscape to better serve customers, clients, and the communities in which we live.
