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After becoming the latest professional services company to abolish DEI’s goals following the election of Donald Trump, KPMG US has drawn years of reporting on its diversity, equity and inclusion programs from its website. Ta.
Big Four’s accounting and consulting firm has removed the annual “transparency report,” which has been published since 2020, which described efforts to increase female and minority representation at all levels of the organization.
The move, after KPMG US CEO Paul Knopp told employees that it would “end” a program called “Accelerate 2025,” was founded under the move by half of the partners and money. The aim was to see the sing director being underrated. By this year.
“The legal environment surrounding diversity, equity and inclusive efforts has been changing with executive orders and courts,” Knopp wrote in an email last week to his 40,000-person strong workforce.
“We will continue to maintain the highest ethical standards and fully comply with all applicable laws and regulations, including compliance with executive orders that affect us as a federal contractor.”
President Trump has moved to eliminate diversity efforts from the US government by pledging to investigate the corporate DEI program and discourage them in the private sector.
After he took office, he ordered federal contractors to pledge that they did not have a DEI program that violated the anti-discrimination laws.
The government database shows that KPMG US and its affiliates generate more than $400 million a year from federal contracts, primarily from the Department of Defense.
Accenture and Deloitte are two of the largest professional services companies working in the US government, and have already scrapped their DEI goals after the order.
Two of KPMG’s Big Four Rivals, Deloitte and PWC, have suppressed their own historical transparency report by removing links from other web pages, but the report itself remains on the website . Deloitte has deleted other DEI-related pages.
Those familiar with KPMG’s decision to remove the report said the company hopes its website reflects the most accurate and up-to-date language about its policy. The pages that were used to host reports are now redirected to the homepage.
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An appendix with data showing numbers regarding the gender and racial composition of the workforce is still available. The last figures published in September 2023 showed that 45.3% of US partners and the managing director came from underrated groups such as women, racial minorities and the gay community. . This is up from 39.3%, marking the end of US slavery, when Knopp launched Accelerate 2025 in 2020 in 2020.
In a memo last week, Knopp wrote in a memo last week that “2025 is closed and it’s time to reevaluate relevant programming and talent initiatives.”
However, he added: “We work to expand the openings to recruit talent, increase transparency and consistency in career navigation experiences, and promote an inclusive environment where everyone is comfortable speaking. I’ll continue.”
