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KPMG Releases ESG Impact Plan

Plan idea actionm KPMG has released a broad-based U.S. Impact Plan about its priorities for environmental, social and governance issues. The plan includes comprehensive goals for hiring and promoting minorities and women, pushing for clean energy and combating human rights abuses.

The accounting firm sees that approach as good business.

“At KPMG, we believe that prioritizing environmental, social, and governance (ESG) principles makes business better by unlocking new value, building resilience, and driving sustainable growth today and tomorrow,”  according to the report, which covers the fiscal year ended Sept. 20, 2021 

Organized under the headings, People, Planet, Prosperity and Principles of Governance, the plan calls for having woman and minorities comprising 50 percent of partners and managing directors by 2025, while doubling Black representation and a 50-percent increase of Blacks and Hispanics/Latinx in the workforce

That includes the share of women of partners and managing directors to 33 percent of the total in line with KPMG International’s global goals.  In 2021, women were 40 percent of KPMG U.S. partners, an increase from 39.4 percent in 2020 and 38.6 percent in 2019.

People of color representative 29.4 percent of those in manager roles and above last year, 29.2 percent in 2020 and 27.8 percent in 2019.

The diversity effort also included raising diversity spending to 248 percent in fiscal 2021, up from 18.8 percent in fiscal 2020 

KPMG also outlined its plans to be carbon-neutral by 2030. Along with an international arm, it has established a price to charge business groups for emissions based on each airline ticket booked.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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