Charles Platiau/Reuters
- KPMG US joined other Big Four firms in pulling back on DEI initiatives, per an internal memo seen by BI.
- Its US arm is ending a strategy intended to recruit and retain staff from underrepresented backgrounds.
- Pa...
KPMG US Rolls Back DEI Strategy Amidst Evolving Legal Landscape
Diversity Efforts Reevaluated in Compliance with Executive Orders
KPMG US has ended its "Accelerate 2025" diversity, equity, and inclusion (DEI) program, becoming the latest in a trend of Big Four firms rolling back such initiatives. The decision aligns with shifting legal regulations surrounding DEI initiatives in the current political climate.
Accelerate 2025 Strategy Restructured
Launched in 2020, the "Accelerate 2025" program aimed to increase diversity in recruitment and leadership positions, with a target of 50% of managing partners and directors from underrepresented groups by 2025. KPMG has paused these forward-looking metrics and is reevaluating its DEI programs.
Legal Considerations Drive Changes
According to Paul Knopp, chair and CEO of KPMG US, the firm's decision stems from evolving legal regulations, including executive orders and court rulings, which have impacted the landscape surrounding DEI initiatives.
KPMG's Commitment to Inclusivity
Despite ending the "Accelerate 2025" program, Knopp emphasized KPMG's unwavering commitment to fairness and inclusivity. The firm continues to prioritize ethical standards and compliance with applicable laws.
Industry Trends and Competition
KPMG joins other Big Four firms, such as Deloitte, in scaling back DEI programs to comply with changing legal requirements. However, Deloitte has faced employee dissatisfaction over its decision.
Contact Information
Individuals with information related to KPMG or other consulting firms may contact Polly Thompson, Business Insider reporter, at pthompson@businessinsider.com or on Signal at Polly_Thompson.89.
