KPMG

The Netherlands
Commercial and Professional Services

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

KPMG, an accounting network, forced out its Chair in the UK after 30 years of service after he denounced unconscious bias seminars. It has also cut ties with golfer Phil Mickelson after making comments on the Saudi's human rights violations. KPMG scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, KPMG increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. KPMG forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. KPMG provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company’s US Chair and CEO Paul Knopp signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. KPMG is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions. The company signed an open letter in support of the Equality Act, a controversial bill. KPMG is a signatory of the Net Zero Financial Service Providers Alliance, committed to carbon neutrality by 2050. CEO William B. Thomas is a member of the Business Roundtable and Former CEO Lynne Doughtie signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders. KPMG signed Orlando Economic Partnership's DEI pledge, committing themselves to fight systemic racism, prioritize the success of diverse people in its workplace, and ensure DEI "is a strategic imperative with demonstrated commitment and actions". The company’s CEO, Paul Knopp, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. KPMG is a corporate partner of the National LGBT Chamber of Commerce. The company is a Titanium partner of PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors. KPMG has donated to the Equality PAC. For these reasons, KPMG receives a High Risk rating.

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