Global professional services firm KPMG has announced the launch of a multi-year program to accelerate global solutions for environmental, social, and governance (ESG) issues. The firm plans to spend $1.5 billion over the next three years on a variety of investments for training and expanding the workforce, leveraging data, speeding the development of new technology, and driving action via partnerships, alliances, and advocacy. The goal is to ultimately embed ESG compliance into the organization and its client solutions to drive global change.
The new strategy is complex, but unified in its goal of fostering ESG awareness. The company will establish five dedicated ESG Hubs focused on helping businesses meet their net-zero commitments. The launch of three KPMG Regional ESG Hubs in Europe, Asia Pacific, and the Americas will further support clients in their ESG endeavors; KPMG is also setting up ESG training for its entire 227,000-strong workforce around the world. Among the company’s many other planned ESG-promoting initiatives is the launch of a new campaign called “Voices for a Sustainable Future,” which will provide a platform to amplify voices on critical issues surrounding a more-sustainable future.
Bill Thomas, the Global Chairman & CEO of KPMG, said, “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… 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.”
With more and more businesses choosing to make long-term investments in ESG, KPMG’s move comes at a time when clients, investors, policymakers, and the general public are realizing the necessity of addressing matters of global import. This latest investment is sure to help provide world-class assistance to clients and associates looking to do their part.