KPMG reports on its community impact

KPMG gave $1.25 million to the community and contributed 1,226 community service hours to local charities in 2021.

The firm’s newly released annual Impact Report highlights the company’s corporate citizenship efforts in Bermuda.

One of the charities to benefit from KPMG’s generosity in 2021 was Keep Bermuda Beautiful.

KPMG employees volunteered with KBB by carrying out island-wide trash clean-ups. They also adopted a 1.2 mile section of the Ferry Reach railway trail with the responsibility of keeping it clean through bi-weekly clean-ups.

“Our firm has an incredible opportunity to influence and enable change,” KPMG chief executive officer James Berry said.

“Playing a positive, supportive, and influential role within society has always been an integral part of the firm’s ethos – both globally and in Bermuda – and our impact plan, launched last year, has further cemented this role.”

The company’s impact plan guides their commitments and goals across four categories: planet, people, prosperity and governance.

According to the document, with so many employees working from home, energy consumption at the company dropped.

“Despite our workforce gradually returning to work, we intend to reduce our energy consumption back to the 2020 figure in the near future,” a spokesman said.

They plan to keep their energy consumption down by utilising window blinds daily to decrease the load on the air handling units.

They have also changed to LED lights and they hope to reduce the amount of paper consumption and printing, which also uses up energy.

The firm has engaged local charity Climate Wise, to study KPMG’s office carbon footprint and recommend ways to reduce it. This is in line with the firms’ desire to become carbon neutral before KPMG’s global target of 2030.

“2021 continued to challenge us to be even more resilient and adaptable to drastic global changes,” Steve Woodward, chair of the corporate citizenship committee, said.

“Nevertheless, our commitment to the firm’s core values and role within our community has continued to be fixed. Moreover, this year has further highlighted to us how delicate our world really is. This is why remaining dedicated to our Impact Plan as well as the United Nations’ 17 Sustainable Development Goals has never been more critical.”

The report also showed that in the area of diversity, 51 per cent of local KPMG employees were female, with 29 per cent in leadership roles. Globally, KPMG has 27 per cent of women in leadership roles with a goal of 33 per cent by 2025 – a goal they plan to meet but hope to exceed. Their employees are representative of 27 different countries and this year’s new hires represent ten different countries.

In 2021, KPMG employees also took part in community drives such as Movember, a campaign to highlight men’s health issues, and 12 Days of Christmas, a gift drive to support struggling families.

To see the report go to Topics: Climate change, Climate risk, Civil and public service, Financial and business service, Consultancy service

The Royal Gazette