Market Commentary

Businesses must follow up ESG commitments with action, says KPMG

Posted by Anton Murray Consulting on . Posted in Market Commentary


Less than half of Australia’s corporate leaders believe they will have implemented the operational changes needed to meet their ESG targets by 2030. A new report from KPMG has identified the top challenges facing corporate Australia amid the ‘ESG revolution’ including the need to turn commitment into meaningful action. As part of its research, KPMG conducted interviews with 30 corporate leaders in Australia and surveyed an additional 245 leaders.

Only 39 percent of respondents said they believed they will have implemented the operational changes necessary to meet their ESG targets by 2030. KPMG said that the need for collaboration was a major theme to emerge from its research, with industries, governments and communities required to collaborate to ensure organisations are able to meet their ESG targets. “Leaders agreed that the ESG challenge is already accepted and is a priority for business. Many have set goals. But as we look towards 2030, there is a lot of work to be done to put programs in place to achieve these targets,” said KPMG Australia national industry leader corporate Trent Duvall.

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