KPMG’s global network has significantly expanded its human rights advisory capability with the acquisition of Banarra, a market-leading human rights and social impact consultancy, by KPMG Australia.
Banarra currently services clients in 10 countries and is increasingly active in the resources, energy, finance, property and infrastructure sectors. Its notable projects include delivering security and human rights assessments for mining company MMG in the Democratic Republic of Congo and Laos and developing a Social Impact Framework for the Westpac banking group.
Adrian King, partner at KPMG Australia and Global Head of KPMG’s Climate Change & Sustainability practice, said the acquisition of Banarra will support KPMG member firms worldwide in helping clients to better understand their human rights and social impacts.
“Companies are increasingly held accountable for their impacts on the rights and wellbeing of people affected by their business, including direct employees, workers in the supply chain and local communities,” he said.
“Failure to respond to this expectation can result in reputational damage and exposure to regulatory, legal and commercial risk. Banarra has been at the cutting edge of human rights advisory for many years and bringing their skills and experience to KPMG enables us to provide our clients with the best possible advice in this area.”
Banarra’s founder and managing director Richard Boele joins KPMG as an Advisory Partner with KPMG Australia and brings with him a team of 10 specialist consultants.
Richard Boele said, “There is a good fit between KPMG and Banarra at many levels. I’m looking forward to taking our depth of experience to the wider KPMG network clientele as well as helping to innovate new solutions. Innovation is one aspect that has made Banarra successful in our area. I can’t wait to take what we’ve done to all KPMG member firm clients.”
KPMG’s Global Center of Excellence for Climate Change & Sustainability
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