Message from our Managing Partner
Welcome to our 2022 KPMG Transparency Report in which we talk about our business and demonstrate our continued commitment to our regulators, investors, audit committees and other stakeholders.
2022 was another year of change with opportunities and challenges, and I am very proud of how our team in KPMG reacted to these challenges and supported our clients in navigating an ever-evolving business landscape. We as a firm and our people remained resilient, embraced change, captured opportunities, addressed challenges, and I am very pleased with the resulting performance over the last 12 months.
Our multi-disciplinary model contributed strongly to our success by enabling investment in growing the range of services to support the evolving needs and continuing achievements of our clients. We had the opportunity to work with great businesses including many new and growing service areas such as digital and regulatory transformation, ESG, cyber, strategy consulting and legal advisory services.
Seamus Hand, Managing Partner, KPMG in Ireland
Our Purpose
Our purpose ‘to inspire confidence and empower change’ is more relevant and important than ever. This purpose guides our plans and our actions and ensures our social responsibilities are a top priority when making business decisions and setting our strategic direction.
As a firm, we are focussed on measuring, being accountable for and improving our Impact and I am delighted to share our 3rd Impact Report alongside this Transparency Report. Our Impact Report brings together and reports all our environmental, social and governance (ESG) commitments, setting out our progress against these commitments measured against the World Economic Forum International Business Council Stakeholder Capitalism Metrics.
Inclusion, diversity, and equity are of critical importance in our business, and I am delighted that we have made significant progress over the last 12 months particularly in the area of gender diversity where we have set an ambitious target of new Partner promotions to be gender balanced by 2025.
Building on our existing gender equity programmes, we have also recently launched our Gender Action Plan which includes a suite of tangible initiatives to support women’s progress at KPMG.
Our People & Future of Work
Our performance and success are entirely due to the commitment and calibre of our people; their ongoing efforts and their continued focus on delivering quality. We are now an organisation of more than 4,300 people, with continued ambition to grow.
Our future of work is constantly evolving and feedback from our people on the flexibility afforded by our hybrid model has been very positive. We are an organisation of very committed and talented people who want to support our clients’ success – but also an organisation where our people want to learn from and collaborate with each other. Our evolving hybrid model allows us to achieve these objectives by spending quality time with clients and colleagues.
We are currently designing our new headquarters at Harcourt Square which will allow us to maximise the benefits of these new ways of working for all of our stakeholders but most particularly for our people. It’s an exciting time and we are proud to be designing a building that will be leading edge to meet the needs of tomorrow’s workforce, clients and society.
Our Investments
Over the last year, we have continued to invest in growing our team, both in numbers but also in diversity of skills and capabilities, across each of our audit, consulting, deal advisory and tax functions. 2022 has been an eventful year for our business in many areas, including the recent launch of KPMG Construction Advisory, a high-quality construction consultancy offering. We also established KPMG Law, providing legal services to a wide variety of domestic and international clients.
Audit at the core
Our audit business is always at the core of our firm and has had another successful year, both in growing our market share but moreover in our ongoing dedication to audit quality. I am inspired by how our audit business has embraced innovation and technology to further enhance audit quality and provide even more of the integrity, trust and top quality services that our clients and stakeholders expect from us.
We understand the magnitude of our responsibility to all of our stakeholders including our clients, the regulators and investors and we take great pride in our relentless focus on quality which you will hear more about from Emer McGrath, our Head of Audit in section 2.
Public Interest Committee
This year I’d like to welcome Dr Peter Clinch to our Public Interest Committee, who along with Padraig McManus and Mary Harney, our Public Interest Committee (“PIC”) Chair, have made a very positive contribution to our business. You will hear more from Mary in section 3.
I trust that the information provided in this Transparency Report demonstrates that maintaining our focus on quality is critical to our business as well as recognising our important public interest responsibilities. I remain available and happy to engage with and discuss our business with any of our stakeholders.
Seamus Hand
Managing Partner
28th April 2023
Download our reports
Statement of effectiveness
Previous reports
- KPMG Transparency Report 2021 (PDF, 8.2MB)
- Impact Plan 2021 (PDF, 5.8MB)
- Impact Plan 2021 appendix (PDF, 4.2MB)
- KPMG Transparency Report 2020 (PDF, 2.1MB)
- KPMG Transparency Report 2019 (PDF, 11MB)
- KPMG Transparency Report 2018 (PDF, 1.0MB)
- Transparency Report 2017 (PDF, 844.3KB)
