KPMG Case Study: CSR Issues And Challenges

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What are the main CSR issues/ challenges faced by the company?
Since KPMG is a part of the “BIG FOUR” and participate in many researches and white papers, it has access to much information in various sectors which it can leverage in the consultancy industry towards CSR:
Public policy making: The world is using digital technologies, the Internet and social media at an extensive rate which means citizens and governments leave digital suggestions which can be exploited by these companies, it can contribute to public policy making
Environmental issues and health issues: As they are involved in the middle of the supply chain, they have a huge role to play in integrating environmental and health issues for the supplier and customer and employ policies …show more content…

Companies in such an industry can provide access to quality education for deprived students worldwide using the collective power of technology and human collaboration.
The major issue involving KPMG are fines for breaching ethical standards for auditors in two distinct cases of misconduct in 2010 and 2011 respectively. The company had placed “commercial interests ahead of ethical standards and breached conflict-of-interest rules at two separate clients” (www.accountacyage.com)
How is this company engaging in CSR? What CSR activities does it develop (Main engagements or pillars)?
The corporate responsibility commitments are best described through the following engagements which guide their actions which create value for their stake holders i.e. partners, employees, clients, communities, and the capital markets they serve:
a. KPMG SPRING: SPRING is KPMG in the UK’s renewed and self-motivated approach to Corporate Responsibility, designed to bring to life their social mobility and environmental commitments. Their aim is to increase understanding of the issues we support by allocating dedicated office space and increase awareness by engaging people, suppliers and …show more content…

Tackling low pay through the Living Wage”
c. Young Leadership: KPMG recognizes the potential of young people in business, political governance and societal leadership. They want to unleash their potential by helping them “build accountability for their communities and future careers”.In tandem with social mobility, Young Leadership workd in close connection to handpick talented young individuals from all strata of the society to help them and contribute towards a better future, a better government and a better world .
d. Environment: The world is largely affected in the environment sector with negligence from all spheres. Hence KPMG has dedicated itself to environment excellence in own procedures and policies plus the consultancy to clients. They strive towards a low carbon business by reducing energy consumption and CO2 emissions. They also encourage their employees to employ the same principles at home and in their own lives and extensively contribute to environmental needs on the national and international stage. They are reducing on unnecessary travels for meetings and discussions and opting for video conferences or online webex meetings and creating new sustainable offices and in accordance with suppliers and clients striving to a better

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