Ian Silk to join KPMG as adviser

KPMG Australia has appointed former AustralianSuper chief executive, Ian Silk, in a part-time position as a special adviser working on environmental, social and governance (ESG) matters.

His appointment comes as the firm expands its ESG practices and the introduction of new services, including the launch of a decarbonisation hub, and the provision of specialist ESG training to KPMG’s workforce.

Andrew Yates, KPMG Australia CEO, said: “As we are adapting our own business to ensure we have a positive impact on society, our clients are also seeking to change to drive a more sustainable and equitable future. We are accelerating investment in client solutions and our people, as well as managing our own impact in this critical area.

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“With one in every three CEOs planning to invest more than 10% of revenue towards enhancing sustainability, ESG is one of our priority investment areas under our refreshed firm strategy.

“Importantly, the approach is underpinned by a recognition of our firm’s own responsibility to improve our impact on society and the ESG commitments outlined in our recent impact report.”

Silk said: “ESG issues are fundamentally investment and financial issues. There is greater recognition in the market that most strong performing companies are those that take seriously ESG matters in the day-to-day running of their businesses.

“It’s a top order issue in Australia, with companies heavily exposed to climate change risks and regulators are continuing to escalate their expectations in how we should manage those risks.”

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