Firm is making ESG a watermark running through the organisation

Launched the internal carbon price (ICP) to contribute to the national 'dual carbon' goals Supported freshwater and wetland projects to promote a greener Greater Bay Area Collaborated with local non-profit organisations to support rural revitalisation HONG KONG SAR - Media OutReach - 27 April 2023 -On 26 April, KPMG China held offline and online launch events in Shanghai, Beijing, Guangzhou, Shenzhen and Hong Kong to mark the release of its third environmental, social and governance (ESG) report, Our Impact Plan FY2022 ("the OIP Report"). The OIP Report highlights the firm's ESG commitments and progress across four key pillars – Governance, People, Planet and Prosperity – as well as the firm's determination to continue to commit to ESG principles and practices. At KPMG China, we are committed to promoting high-quality and sustainable economic and social development by supporting the United Nations Sustainable Development Goals (UN SDGs) and aligning ourselves with key national strategies such as the 'dual carbon' goals, rural revitalisation and Chinese modernisation. In 2022, KPMG China implemented an internal carbon price (ICP) to charge for greenhouse gas emissions related to its business travel. We also funded freshwater and wetland conservation programmes to protect the natural and ecological environment and promote a greener Greater Bay Area. In addition, we collaborated with local non-profit organisations (NPOs) to enhance their capability and ultimately promote rural revitalisation. Honson To, Chairman of KPMG China and Asia Pacific, said: "In the face of significant challenges, such as extreme weather, energy crises, geopolitical instability and more, we remain steadfast in our belief that putting ESG into practice is a core responsibility of the business community. In doing so, we have incorporated ESG principles across our company strategy, business operations and services, creating positive impacts for our people, our clients, the environment and society. A journey of a thousand miles begins with a single step. KPMG China will strive to lead by example and take the necessary steps to put our commitments into action. In the future, ESG will continue to be the watermark running through our organisation. Together with our stakeholders, we aspire to be proactive in initiating change as we build a sustainable and promising future." Tracy Yang, Head of Corporate Affairs, and Senior Partner of the Eastern and Western Region, KPMG China, said: "KPMG China has grown and flourished amid China's rapid economic development. As we continue to grow our business in China, where we are deeply rooted, we remain grateful for the support of our communities. The 20th National Congress of the Communist Party of China has called for a new era of achievement to drive high-quality development and promote green and low-carbon development across society. As it embarks on this new journey, KPMG China will continue to fully support the country's national policies through Our Impact Plan and different key strategies, in an effort to contribute to a bright future for China." Commenting on the release of the OIP Report, Wilson Pang, Head of Our Impact Plan, Senior Partner of Advisory in the Southern Region, and Board Member of the KPMG Foundation, KPMG China, said: "Driven by Our Impact Plan, KPMG China is actively integrating ESG into its daily operations and striving to create a corporate culture that centres sustainable development. While assisting clients in achieving their own sustainable development visions, the firm is leading by example by committing itself to acting as a responsible corporate citizen, protecting the environment, helping communities in need, and supporting national strategies such as 'rural revitalisation' and the 'dual carbon' goals. Going forward, we hope to see more like-minded individuals join us on this journey so we can all play a role in building a more sustainable future." Governance: Values-led corporate culture As a professional services firm, our purpose – to inspire confidence and empower change – guides how we do business. To safeguard the firm's corporate governance, all partners and staff are required to complete anti-corruption training, and all of the firm's board and Executive Committee members have completed anti-corruption training as well. We take a rigorous approach with the Enterprise Risk Management (ERM) process to identify and manage potential top risks. We have also established an independent and dedicated investigation unit to receive and systematically handle cases of misconduct. We act with integrity and maintain independence, transparency and open communication with our stakeholders, and hold ourselves accountable for our actions. All of these efforts contribute to the development of a positive brand image for the firm....