Russia

Details

  • Service: Audit, Corporate Governance, Sustainability
  • Type: Press release
  • Date: 2/5/2014

KPMG: A leader in sustainability assurance in latest market research 

KPMG, as a global network of member firms, is perceived as having the strongest capabilities of any providers in the global sustainability assurance marketplace, according to the latest Green Quadrant report from sustainability analyst firm Verdantix.

The research reflects the views of decision makers from businesses in 7 countries with combined revenues in excess of USD 350 billion.

 

Over two thirds (67 percent) of those interviewed said that KPMG member firms have “strong capabilities” in sustainability assurance and that they have either already engaged or are likely to engage a KPMG member firm to carry out sustainability assurance services.

 

“We see sustainability assurance as much more than simply ticking boxes. It is about bringing clients genuine insight and guidance,” said Wim Bartels, KPMG’s Global Head of Sustainability Reporting and Assurance.

 

“KPMG has invested in developing this approach across our global network, we believe we offer clients a consistent quality of service wherever they operate. It is encouraging to see these positive perceptions reflected in customer views.”

 

KPMG’s Survey of Corporate Responsibility Reporting 2013 (published 9 December 2013) reveals that sustainability assurance has reached a tipping point among many  of  the world’s largest companies.

 

Well over half (59 percent) of the 250 largest companies (defined by the Fortune 2012 listing) now invest in external assurance for sustainability reporting – an increase of 13 percentage points since KPMG’s last survey in 2011 when less than half (46 percent) did so.

 

Two thirds of those companies that invest in assurance choose to engage a major accountancy firm. “Just as sustainability reporting itself is now a standard business practice; it is also becoming standard practice to have sustainability data externally assured,” said Wim Bartels.

 

 “As can be seen with other trends in sustainability reporting, the largest companies tend to set the direction that other corporations follow.”

 

"The results of our global survey show that the Russian market is still at the start of the journey and that as yet Russian business has nothing to boast about in terms of non-financial reporting assurance," said Igor Korotetskiy, Head of Corporate Governance and Sustainability at KPMG in Russia and the CIS. "An insignificant number of Russian companies are currently ready to engage major audit firms and go through all the stages of the complex process of corporate responsibility reporting assurance in compliance with international standards. At the same time, analysis of the historical development of non-financial reporting shows that Russian companies that rely on the global capital, goods and services markets will, under the influence of market drivers, gradually introduce best international practices in their corporate responsibility reporting and assurance," he added.

The KPMG Survey of Corporate Responsibility Reporting 2013

The KPMG Survey of Corporate Responsibility Reporting 2013
The KPMG Survey of Corporate Responsibility Reporting provides a snapshot of current global trends in corporate responsibility (CR) reporting. The survey covers 4,100 companies in 41 countries and a deep-dive into the quality of reporting among the world’s largest 250 companies.

About KPMG in Russia and CIS

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries with more than 155,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

KPMG has been operating in Russia more than twenty years. For the last years KPMG in Russia and the CIS has been one of the fastest growing practices in KPMG worldwide.

 

In the CIS, KPMG now has offices in Moscow, St. Petersburg, Yekaterinburg, Kazan, Nizhny Novgorod, Novosibirsk, Rostov-on-Don, Krasnoyarsk, Perm, Almaty, Astana, Atyrau, Bishkek, Kiev, Lviv, Yerevan, Tbilisi and Baku, employing together over 4,000 people.

Media contacts

For any media enquiries or interview requests contact our media team at PR@kpmg.ru or Sabina Kasparova, Manager, PR & Communications, KPMG in Russia and the CIS, at +7 (495) 937 4477 (ext 14264), +7 (968) 6911037 or sabinakasparova@kpmg.ru.
 
Share