,Singapore

KPMG allocates $2.04b for ESG commitments

These hubs are to be established in Europe, the Asia Pacific, and the Americas.

KPMG announced that it aims to advocate more for Environmental, Social, and Governance (ESG) issues with its latest program.

More than $2.04b (US$ 1.5b) will be spent over the next three years to achieve this goal.

The program focuses on five priority areas—solutions, talent, support for developing nations, collaborations and alliances, and listening and taking action. 

To supplement this, five hubs will be established to provide solutions to key ESG issues, such as global decarbonisation and ESG advisory. These hubs will be based in Europe, the Asia Pacific, and the Americas. 

ESG training will also be provided to the company’s 227,000 people. These will be done in partnership with the University of Cambridge Judge Business School and NYU Stern Executive Education. 

For developing nations, KPMG will be launching KPMG Emerging Markets Accelerators. Areas covered by this initiative include developing nations in the Eastern Mediterranean, Africa, the Asia Pacific, and Latin America.

Alliances with Google Cloud, Microsoft, and ServiceNow are also in place to create new tools to provide critical insights that can aid companies in their ESG journeys. 

Bill Thomas, global chairman and CEO of KPMG, spoke about how the ESG goals became a central theme of their organization.

“How you grow matters, and what worked for us and other businesses in the past will not work in the future. The world faces crises on multiple fronts, which is why we’re putting the Environmental, Social and Governance agenda at the heart of everything we do. ESG will be the watermark running through our global organization; from empowering our people to become agents of positive change, to the services with our clients and our partnerships with critical stakeholders. KPMG has the global scale, expertise, technology, and relationships that give us the ability and responsibility to use our position to provide solutions and services to overcome the challenges facing our planet and society.”

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end. 
The company offered 0.6 million units at $5 each.
96% of respondents also believe that this is essential to their organisation. 
The record surpassed Bloomberg's estimate of 13.5%.
 Sembcorp Industries had the most growth.
Globally, the percentage of workers who had the same sentiment was lower at 51%.
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Jalan Tembusu, meanwhile, saw a strong performance due to the opportunity present in the area.
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.