Big Four firm KPMG U.S. has published its "
"The events of the past year taught us that we must think bigger and be bolder in our ambition and our action," wrote Paul Knopp, chair and CEO at KPMG, in the report's introduction. "At KPMG[,] we will take action to fight racism, intolerance and inequity in our society, and drive sustainable change in our firm and in the communities where we live and work."
At the heart of KPMG's diversity strategy is its Accelerate 2025 initiative, wherein the firm hopes to achieve the following DE&I goals by the year 2025:
- 50 percent partner and managing director representation from underrepresented groups, including doubling Black representation;
- 50 percent increase in Black and Hispanic/Latinx workforce; and
- A significant increase in representation from underrepresented groups in client and firmwide leadership roles.
The report noted that as of 2020, all of KPMG U.S.'s partners and employees were found to be 66 percent white, 18 percent Asian, 7 percent Hispanic/Latinx, 6 percent Black, and 2 percent two or more races. Asian, Latinx, and Black professionals were also noted to comprise 8 percent, 3 percent, and 2 percent, respectively, of partners in the firm for 2020.
"Accelerate 2025 is a firmwide commitment to understand the lived and shared experiences that our Black talent and all underrepresented groups have in navigating the workplace, and to identify real or perceived barriers, pain points and biases that may influence and impact moments that matter for our people," Knopp added. "We are focused on our commitment to attract, retain and advance underrepresented talent — at KPMG and in the profession more broadly — through continuous learning, courageous conversations and inclusive leadership."
The full report is available on KPMG US's
