KPMG to invest $1.5bn into ESG strategy

It is looking to educate its own employees, help its clients reach net zero and spread sustainable change on a global scale

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KPMG has announced plans to spend more than $1.5 billion (£1.1bn) to accelerate its new Environmental, Social and Governance (ESG) strategy.

It aims to implement ESG into the organisation and client solutions to drive sustainable change.

It is creating new hubs to instigate this change. These include helping multinational businesses meet net zero commitments and providing market ESG expertise from its Advisory teams.

KPMG will open three regional ESG hubs in Europe, Asia and the Americas to spread the change globally.

The company has also partnered with the University of Cambridge Judge Business School and NYU Stern Executive Education to educate its 227,000 employees on ESG to make positive internal changes.

Data has also been considered a crucial tool in accelerating sustainable change and KMPG will work alongside Google Cloud, Microsoft and ServiceNow to develop new digital solutions for clients to map out their ESG journeys.

Bill Thomas, Global Chairman and CEO, commented: “The world faces crises on multiple fronts, which is why we’re putting the ESG agenda at the heart of everything we do.

“KMPG 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.”