KPMG Canada releases third annual inclusion, diversity, and equity report

KPMG Canada has released its third annual inclusion, diversity, and equity (ID&E) report – showcasing the firm’s progress in advancing ID&E and highlighting its ongoing commitments.

"At KPMG, we are on a journey to foster an inclusive and equitable workplace that’s built on trust and respect," said Elio Luongo, CEO and senior partner of KPMG Canada and co-chair of the firm’s ID&E council. "This report not only highlights our commitment to transparency but holds us accountable for our progress and governance, in alignment with our ESG commitments. While we are proud of what we’ve accomplished so far, we know more has yet to be done.”

As of October 2021, the accounting and consulting firm had achieved its 2022 target of having 30% women and 20% people of colour in its partnership. KPMG Canada is now targeting a goal of 33% women and 26% people of colour in its partnership by 2025.

As of October 2022, KPMG Canada’s workforce was composed of 54% women, 39% people of colour (with 17% being East or Southeast Asian), 4.3% people with disabilities, 5% LGBT+, 4.4% Black people, and 0.8% Indigenous peoples.

By October 1, 2025, the firm has a target of 6% people with disabilities, 5% Black people, and 1.7% Indigenous peoples.

“To understand and serve the needs of our clients, it is critical our workforce reflects Canada’s diverse population,” said Rob Davis, chief ID&E officer at KPMG Canada.

To help drive progress and accountability, leader compensation is tied to achieving ID&E goals.

KPMG says its 35 people networks help inform its ID&E strategy, as well as provide avenues for employees to connect, build awareness, promote allyship, and experience belonging. Nearly half of the firm (5,000 people) belong to one or more people networks – such as networks for women, people of colour, Black people, Indigenous peoples, people with disabilities, and LGBT+.