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KPMG Announces 2024 U.S. Impact Plan

April 29, 2024

NEW YORK, April 29, 2024 — Today, KPMG LLP, the U.S. audit, tax, and advisory firm, published its 2024 U.S. Impact Plan reporting the firm’s efforts and related metrics in environmental sustainability, social responsibility, and robust governance practices for the fiscal year ending September 30, 2023. This report details KPMG’s ongoing commitment to these areas since the release of its inaugural report in 2022.

"Our continued hard work and investments propel our impact and the progress we’ve made so far toward our commitments, and this year’s report highlights the actions we’ve taken to enhance accountability and transparency in our work,” said KPMG U.S. Chair and CEO Paul Knopp. “Through sustainable business operations and a focus on the well-being of our people and communities, we are investing in a future that aligns with our values and ensures our position as a trusted advisor to our clients and the C-suite."

Each year, the KPMG U.S. Impact Plan highlights the firm’s continued investments and accountability across four key pillars: People, Planet, Prosperity, and Principles of Governance. These pillars serve as the cornerstones of our business and are instrumental in driving our ongoing success as an industry leader.

Key highlights include:

PEOPLE: Empowering KPMG professionals and fostering their well-being, with a focus on 4 key areas

  • Growing capabilities – Identifying future skills and supporting various ways that people learn;
  • Working smart – Enabling effective and agile delivery models with the best combination of teams and technology;
  • Leading at every level – Building world-class leaders across all levels of the firm who instill trust and engage with people, clients and the capital markets; and,
  • Thrive@KPMG – Focusing on well-being through a healthy work environment and culture that supports flexibility, recovery and respect. 

PLANET: Reducing the firm’s greenhouse gas emissions

  • 28% reduction in the sum of the firm’s scope 1 and 2 emissions since 2019.
  • Utilization of funds from KPMG’s internal carbon price of $15 to sign two renewable power purchase agreements from NextEra Energy Resources to generate 29 MW of renewable energy from two new solar projects in Texas.

PROSPERITY: Creating a world with equity and access to opportunity for all

  • $17.4 million in funds to organizations in support of the KPMG U.S. Foundation's mission and vision of a world underscored by equity and access to opportunity;
  • $1.1 million raised from the KPMG U.S. Foundation and KPMG U.S. partner and employee donations to help support communities impacted by natural disasters;
  • $351,000 in grants awarded through our Employee Relief Fund.

PRINCIPLES OF GOVERNANCE: Harnessing the power of artificial intelligence (AI)

  • Over the course of 2023, KPMG made generative AI capabilities available to all of its professionals and provided training and development offerings to help them effectively harness the technology to enhance the quality of client services and improve their own experience at the firm.   

“This work serves as the foundation for how we make the difference at KPMG and reflects our dedication to creating long-term value for our people, clients, society and the planet,” said KPMG U.S. Deputy Chair and COO Laura Newinski. “Through our journey, we aim to inspire others to take action and embrace sustainable practices by sharing insights that can empower others to make a positive impact and contribute to a more sustainable future.”

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About KPMG LLP

KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 143 countries and territories and has more than 273,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.

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