KPMG has today been named by BIS as a Social Mobility Business Compact champion, recognising the firm’s work to improve social mobility in the business community. It is one of just 11 organisations in the UK to have been awarded this new status.
The firm was successfully assessed against a stretching set of criteria developed by BIS and the Social Mobility and Child Poverty Commission, which analysed KPMG’s social mobility strategy and programmes.
KPMG was specifically recognised as one of the first businesses to pay the voluntary Living Wage in 2005 and for its active role to encourage other business leaders to follow suit. The firm has also been heavily involved in the development of Access Accountancy, a scheme that encourages non-traditional applicants into the profession and remains a key supporter of inner city school, The City Academy, Hackney, which it has supported since its inception.
Melanie Richards, Vice Chairman at KPMG, commented: “Improving social mobility is fundamentally good for business and is one of the key tenets of KPMG's commercial strategy. By widening access to the profession we will attract the best talent from a wide mix of backgrounds, helping us to better advise our clients.
“KPMG has been committed to improving social mobility for over a decade and we will continue to work with our fellow business leaders, the communities we operate in and Government in order to lead change and drive this agenda forward.”
Skills Minister Nick Boles said of the announcement: “The Social Mobility Champions have risen to the challenge set by government and shown genuine commitment to bring about positive change. They have gone beyond just volunteering in schools or changing the way they advertise jobs; they have made social mobility a core part of their corporate strategy. I hope this will inspire other businesses to follow suit.”
Key steps taken by KPMG include:
- the introduction of its apprenticeship scheme KPMG360o, which offers an alternative route into the profession for school leavers and actively targets students from low income backgrounds;
- a regional expansion of the firm’s Discovery work placement programme across the UK in support of Access Accountancy;
- encouraging staff to volunteer to support over 14,000 disadvantaged young people;
- working with leading independent social mobility policy association, Bridge Group to rigorously analyse the firm’s applicant data to understand the effect socio-economic status can have on the recruitment pipeline and use analytical tools to help the firm attract candidates from a wide range of backgrounds.
- committing to work alongside the Cabinet Office and the Bridge Group to develop a common set of measures to assess socio-economic background, helping standardise best practice and encourage transparency.
Notes to editors
The other confirmed Social Mobility Business Compact Champions are outlined below:
Further information on the Social Mobility Business Compact champion tier can be found at
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About KPMG UK LLP
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.