On 09 September the Anglo-Dutch consulting giant announced its ambition that by 2030, 29% of its partners and managers will be from working class backgrounds. This unprecedented decision is part of its ‘Our Impact’ ESG plan, and comes after an internal survey of the group found that people from working class backgrounds earn on average 8.6% less within the company.
Currently, people from working-class backgrounds represent only 23% of KPMG’s 582 UK partners and among the 1,297 directors, they account for only 20%. The same is true of the board of directors, where their presence is reduced to 22%, with only 14% sitting on the executive committee. “It’s only through this focus and level of transparency that we’re able to hold ourselves to account to take targeted action that will help create a fairer and more equitable society,” remarked Bina Mehta, Chair of KPMG in the UK, adding, “I’m a passionate believer that greater diversity in all its aspects improves business performance.”
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