Our
ImpactPlan 2023
KPMG Sustainability Report in Brazil

Summary
03

2023 KPMG Sustainability Report in Brazil

84
References

Presentation

Technical alignment andframeworks used
Independent assurance
Contributors to the report

About this report03
Message from the Chairman 04
Highlights of the year
06
Awards
07

08
KPMG
What we do
KPMG International
KPMG in Brazil
Material topics in 2023

09
10
11
14

18

39

58

65

GovernancePeoplePlanetProsperity

Putting our values at
the heart of everything
we doMaintaining constantdevelopment in
an inclusive, valuesdriven and purposeled culture

Reducing our impact
on the environment
to protect ecosystems

Conducting businesspractices based on
purpose and on good
corporate citizenship86
Indices
GRI Content Index
Global Compact Index
WEF IBC Metrics

Disclaimer:
The English language version of the KPMG Sustainability Report in Brazil is a translation of the original report in Portuguese.
Should there be any differences between the English and Portuguese versions of the report, the Portuguese version will prevail.

2023 KPMG Sustainability Report in Brazil

84
95
96

KPMG: Our Impact Plan

2

87
92
93

01 Presentation
02 KPMG

Presentation

03 Governance
04 People
05 Planet
06 Prosperity
07 References

About this report
We are pleased to present our activities in fiscal year 2023, gathered in thesustainability report of KPMG in Brazil.

08 Indices

In preparing this report, we have adopted the framework of our global initiative KPMG: Our Impact Plan, which encompasses all of our commitments in theenvironmental, social, and governance (ESG) aspects. They are categorized infour themes – Governance, People, Planet and Prosperity1. GRI 3-3
In addition, we follow the GRI (Global Reporting
Initiative) International Standards for sustainability
reports to present our performance indicators, which
are referenced throughout the document.
We reiterate our commitment to improving the reportof data related to KPMG’s operations in Brazil, alignedwith KPMG Global’ guidelines. We also reaffirm our2023 KPMG Sustainability Report in Brazil

commitment to the principles of the Global Compact
and the United Nations Sustainable Development
Goals (SDGs).
For additional details about references used in thisreport, click here.

We reiterate our commitment
to improving the report of data
related to KPMG’s operationsin Brazil, aligned with KPMG
Global’ guidelines.

¹ Across all these themes, we present our ESG commitments as subchaptersand, in the blue bands in each of them, the actions we seek to put into
practice to fulfill these commitments.

KPMG: Our Impact Plan3

01 Presentation

Message fromthe Chairman
GRI 2-22

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

The year of 2023 showed our resilience to adversity. Although we had
to make structural adjustments to adapt to the new, more complex
market reality, we did not lose sight of our core values. Therefore,
even in an adverse scenario, we managed to grow compared to theprevious year, both in financial terms and in our commitment to ourfundamental priorities: investing in ESG, leading digital transformationand developing our human capital, always with the perspective ofcontributing to the advancement and improvement of our clients’businesses, which are our reason for being.
We maintained our solid commitment to the ESG agenda, intensifying
our efforts to improve our management around these aspects andadvancing critical issues. An example is our internal carbon pricing
project, an initiative that not only prepares us for a reality inwhich this practice should become increasingly common, butalso reinforces our contribution to a more sustainable future.
Furthermore, we launched initiatives to evaluate and improve ESG
management systems and innovated by including ESG courses
available to all employees in our training schedule, reaffirming ourcommitment to training professionals aligned with the values of alow-carbon economy.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan

4

Our approach to providing services based ontechnology and artificial intelligence, in addition to
optimizing the efficiency of our services, has positioned
us as leaders in innovation in our offerings to themarket, highlighting our tireless pursuit of excellence inserving our clients.
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity

We also maintained ongoing investments in our mostvaluable asset: our people. We strengthened our
team’s development and well-being actions. We havelaunched comprehensive training and mental healthcare programs, a tangible reflection of our responsibility
and understanding that our success is intrinsicallylinked to the skills and motivation of our employees.
We also reinforced our inclusion, diversity and equity
actions. Our focus on talent, quality and transparency
are essential foundations to drive our growth.

07 References
08 IndicesMoving to our new headquarters building is anotherimportant milestone of the year. This space reflects
our adaptation to post-pandemic needs, offering, inaddition to an innovative workspace, an environmentthat fosters collaboration and interaction between our
team and also with our clients. This investment is morethan a physical evolution, reflecting our commitment toexcellence and adaptability to an ever-changing world.
And adaptability was an aspect that we had toexercise a lot in 2023, a very challenging year due to aconvergence of unprecedented difficulties. The Brazilian
market, still recovering from the pandemic period,
had to deal with several uncertainties, such as highlevels of interest rates and inflation and governmentchanges. The global geopolitical landscape, in turn, hasadded an additional layer of complexity. Faced withthese obstacles, companies stopped investing, which
had an impact on our business, especially for services
considered non-discretionary, that is, the most strategic
for business development.

However, we ended the fiscal year stronger, more
resilient and more focused on our objectives. We willcontinue to invest, innovate and improve, maintaining
our vision of trust, quality and growth as the compassthat will guide KPMG in Brazil in the next chapters of
our journey.
As we prepare for an uncertain future, we reaffirm ourcommitment to the fundamental principles of trust,
quality and sustainable growth. We will continue tolead not only through financial results, but throughresponsibility towards our clients and society, throughinnovation and the appreciation of our professionals.
I thank each of you for your valuable contribution anddedication in building our journey of overcoming andachievements throughout the 2023 fiscal year, which
we share in this report, below.
Good reading!
Charles Krieck
Chairman of KPMG in Brazil and South America
GRI 2-22

As we prepare for an uncertain future, we reaffirm
our commitment to the fundamental principlesof trust, quality and sustainable growth.
2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan

5

Highlights of the year
01 Presentation
02 KPMG
03 Governance

GovernancePeoplePlanetProsperity

39%

49%

100%

R$ 2 BNR$ 9.2 MM

51.7%

63

139

R$ 3.3 MM

10,96804 People
05 Planet
06 Prosperity
07 References
08 Indicesof women in leadership
positions+1% FY2022

75%

of professionals completed
our anti-corruption training
in advance

Men

51%
Women

R$ 17.1 MM
invested in learning anddevelopment+ 508 khours of training undertaken

2023 KPMG Sustainability Report in Brazilof electricity in offices
in Brazil generated fromrenewable sources

growth in demand forsustainability services

Internal Carbon
Price
Voluntary initiative and partof our commitment
to decarbonization

gross revenue+2.5% FY2022

in NPS Index(Net Promoter Score)in direct investment in thecommunity and in pro bono
projects

invested in events to shareknowledge in various formats

publications in magazines,
research and studies

quotes in the press

12

Market awards

KPMG: Our Impact Plan

6

Awards
GRI 3-3

01 Presentation
02 KPMG

Over the years, KPMG has achieved importantnational and international recognition in several
areas, including sustainability, human rights,
management, innovation, advisory and auditing.

03 Governance
04 People
05 Planet

In FY2023, the firm received several awards,
especially in the areas of innovation and talent.
Among the highlights are:National
International
Green Quadrant: Climate Change Consulting 2023
Global leader in Climate Change Consulting (Climate
Change Consulting).

06 Prosperity
HFS Horizons ReportIndustry leader in data modernization services.

07 References
08 Indices

The Forrester Wave™: Customer Experience
Strategy Consulting Practices
Global leader in Customer Experience Strategy
Consulting.
The Forrester WaveTM: Cyber Risk Quantification,
Q3 2023
Leader in Cyber Risk Quantification.
The Cyber Risk Quantification Landscape, Q4 2022
Prominent supplier of Cyber Risk Quantification (CRQ)
solutions.
World’s Best Management Consulting Firm 2023 Forbes
5-star rating in the Energy & Environment sector.

2023 KPMG Sustainability Report in Brazil

Confeb 2022 Award
Suppliers category, in the Tax Consulting, Outsourcing
and Transfer Pricing Solution segments.
Visão Agro Award – Brazil 2022
Audit Company category in the Brazilian bioenergy
sector.
Leaders League 2023
Among the best companies in Brazil in the sectors:
Accounting; Consulting Companies; Global Mobility;
Labor Advisory; Complex and Forensic Investigations;
Risk Management; and Compliance.
Health Leaders Award 2023
Consulting category.
Academina Paulista de Contabilidade (Paulista
Accounting Academy)
Nomination of Carlos Pires, Head of Audit and partner
at KPMG in Brazil and South America, and of Marcelo
Gomes, partner of Forensic & Litigation at KPMG in
Brazil.
Compliance On Top 2022 Yearbook
Among the Most Admired Compliance Professionals
in Brazil, in the Specialized Consultant category, for
Emerson Melo, lead partner of Forensic & Litigation at
KPMG and coleader in South America.

KPMG: Our Impact Plan

7

01 Presentation
02 KPMGKPMG

GRI 2-1 • GRI 2-6

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

KPMG is a global network of independent firms that provide professional services in
the areas of Audit, Tax and Advisory to companies, governments, startups, public sector
agencies, non-profit organizations and capital markets institutions. It is present in 143
countries and territories on five continents, with more than 270 thousand partners andprofessionals working in member firms around the world – in Brazil, we are more than
five thousand professionals.
In Brazil, KPMG is a limited liability company, affiliated with KPMG International Limited, a private English
company limited by guarantee. Like all KPMG member firms, it is an independent legal entity and is legally andfinancially liable for its own obligations and actions.
Guided by its purpose of empowering change, KPMG is a reference organization in the sector in which
it operates. It has been sharing value and inspiring confidence in the capital markets and communities formore than 100 years, transforming people and companies and generating positive impacts that contributeto achieving sustainable changes for its clients, governments and civil society.

2023 KPMG Sustainability Report in Brazil

Guided by its purpose of
empowering change, KPMG
is a reference organizationin the segments in which it
operates.
KPMG: Our Impact Plan

8

What we do
GRI 2-6

01 Presentation
02 KPMG

We provide professional services, based on ethicalprinciples and excellence, in three areas:

03 Governance
04 People
05 Planet
06 Prosperity
07 References

Audit

Tax

Advisory

We evaluate and assure the information generated byour clients through independent audit and assurance
services, based on exclusive methodologies andtechnologies. This way, we contribute to the qualityof information in decision-making.

More than helping our clients meet tax obligations
and demands, we work with the aim of bringing
solutions that help companies achieve their businessobjectives and create value for their stakeholders,
anticipating trends and with a long-term andsustainable approach.

We support company’s strategic decisions and project
development in strategic planning, ESG, mergers
and acquisitions, risk management and compliance,
improvement of financial and operational performance,business transformation, innovation and technology,
through multidisciplinary approaches.

08 IndicesPriority sectors in Brazil
•
•
•
•
•
•
•

2023 KPMG Sustainability Report in Brazil

Agribusiness
Energy and natural resources
Infrastructure, government and health
Consumer and retail market
Industrial markets
Financial services
Technology, media and telecommunications

KPMG: Our Impact Plan

9

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

KPMG
International
GRI 2-1

273,424
professionals work in member firms
around the world

49%
are women

143
countries and territories on thefive continents

USD 36.4 billion
in revenue FY2023

2023 KPMG Sustainability Report in Brazil

Americas

Europe, Middle East and Africa

Asia Pacific

62,781

153,178

57,465professionals

professionals

professionals

Revenue:

Revenue:

Revenue:

US$ 14.6 billion

US$ 15.7 billion

US$ 6.1 billion
KPMG: Our Impact Plan 10

01 Presentation

KPMG
in Brazil
GRI 2-1 • GRI 2-6 • GRI 2-7

02 KPMG
03 Governance
04 People

5,049
professionals

05 Planet
06 Prosperity
07 References

66.3% in São Paulo
12.6% in Rio de Janeiro
21.1% in the other offices
15 regional offices, located in
15 cities in 10 states in Brazil and the Federal District

08 Indices3 digital offices,in three states (São Paulo, Rio Grande do Sul andEspírito Santo)
3 coworking offices, in three states (Goiás, Santa
Catarina and Minas Gerais)

6,483
clients throughout Brazil(public, private and social organizations)

R$ 2 billion

Offices• Belo Horizonte• Brasília• Campinas• Cuiabá• Curitiba• Fortaleza• Londrina• Manaus• Porto Alegre• Recife• Ribeirão Preto• Rio de Janeiro• Salvador• São José dos Campos• São Paulo (head office)1
Digital offices• Passo Fundo• São José do Rio Preto• Vitória
Coworking2• Goiânia
• Joinville• Uberlândia
1 The Morumbi unit, in São Paulo, maintained only one floor for the allocation of the Financial Services areas(Audit G2 and Tax Financial Services) and Ferraz de Camargo e Matsunaga Advogados (FCAM) – tax area.
2 The office was migrated to a coworking model.

in gross revenue

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 11

01 Presentation
02 KPMG
03 Governance
04 People

Innovative and moresustainable work environment
GRI 2-6

It is through interaction with our stakeholders
that we seek to generate a positive impact on themarket and society. The relationship with them also
provides us with important information about their
expectations, as well as insights into how we canserve them in the best possible way.

05 Planet
06 Prosperity
07 References
08 Indices

These initiatives included the transition ofoperations to coworking spaces in Joinville (SC),
Uberlândia (MG) and Goiânia (GO), the closureof physical offices in Belém (PA), Florianópolis(SC) and São Carlos (SP) and the centralization ofbusiness at the Verbo Divino headquarters, in São
Paulo (SP), which allowed only one floor to be kept
in operation in the Morumbi building.

materials, resources, quality of the internal
environment and design innovation. It alsoachieved the Fitwel certification, developed by
the Center for Disease Control and Prevention(CDC) and the United States General Services
Administration (GSA), which recognizes ourcommitment to promoting the health and wellbeing of our employees through project andgovernance strategies.

As part of our commitment to creating an innovative,functional and collaborative work environment, we
also invested in the efficient distribution of practices
across the floors of the new headquarters. Amongthe actions carried out are the inauguration of a new
auditorium equipped with cutting-edge technology
and the readaptation of the restaurant to respond to
the increase in the flow of members.
Furthermore, the building obtained the Leed v4
Interior Design and Construction: Commercial
Interior certification, meeting several requirements,
such as water efficiency, energy, atmosphere,

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 12

ESG Management – Inside andoutside01 Presentation
02 KPMGGRI 3-3

03 GovernanceThe construction of an inclusive, ethical and environmentally sustainable world, whichguarantees quality of life for all, depends on the ability of companies to develop andimplement business practices that align profit, purpose and transparency. This is a journeythat transforms both business and society.

04 People
05 Planet
06 Prosperity

The document KPMG: Our Impact Plan presents all the actions that werealready being taken by the firm in relation to its own operations and have now
gained even more strength and transparency, in four categories: Planet, People,
Prosperity and Governance. It also establishes and reaffirms our commitments,aligned with the principles of the Global Compact and the Sustainable
Development Goals (SDGs), United Nations initiatives.

07 References
08 Indices

We consider that being committed to sustainability is increasingly important fororganizations in general, even more so for those committed to building a sociallyand environmentally sustainable future. We see this issue as a priority and work
to ensure that ESG principles permeate all of our businesses and operations.
The structuring and continuous development of KPMG’s ESG services area
in Brazil, to support our clients, is also part of our effort to offer solutions that
advance the agenda of the transition to a low-carbon, regenerative, inclusive andcircular economy in the country. Today we support our clients with a wide rangeof services that combine the experience of our ESG specialists with professionals
from dozens of other areas. The main service development centers are in theareas of ESG in business strategy, ESG Data Quality & Reports, Decarbonization,
Traceability in Agribusiness, ESG & Supply Chain, ESG & Compliance, ESG &Human Rights, Monetization of ESG impacts, among several others.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 13

Material topics in 2023
01 Presentation

The material topics of KPMG’s ESG management in Brazil are those classified
by our stakeholders as most relevant due to their impact on society in general.
In FY2023, our team of ESG experts reviewed materiality aiming to identify
possible changes to our material topics. The review process consideredinformation from market benchmarking, sector research, media research,
Sustainability Year Book, SASB and KPMG’s own global report – Our Impact
Plan. As a result of this review process, no issues were identified that would
require updating our materiality matrix. Therefore, KPMG’s materiality in
Brazil includes the same material topics identified in the materiality analysis
conducted in FY2021 (and maintained in FY2022). GRI 3-2 • GRI 3-3

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References

To learn more about KPMG’s materiality analysis process in Brazil carried out in
FY2021, click here.

08 Indices

Topics considered material by KPMG in Brazil (FY2023) GRI 3-2

2023 KPMG Sustainability Report in Brazil

1.

Ethical commitment

8.

Creation of jobs and value

2.

Purposeful governance9.

Community vitality

3.

Quality of governance structures

10. Innovation for better products

4.

Relationship with stakeholders

and services

5.

Inclusion, diversity and equity

11. Climate change

6.

Health and well-being

12. Nature and biodiversity

7.

Skills for future employability

13. Water management

KPMG: Our Impact Plan 14Relationship with stakeholders
GRI 2-25 • GRI 2-29 • GRI 3-3 • GRI 413-1

01 Presentation
02 KPMG
03 GovernanceOur group of stakeholders includes all audienceswith whom we interact and are impacted by ouractivities. The relationship and engagement processwith these stakeholders occurs continuously throughthe following channels that help us obtain important
information about their concerns, expectations as wellas insights about how we can meet different demands
and bring them closer to our strategy:

04 People
05 Planet
06 Prosperity

Stakeholder group

External
Clients• Client Experience Review• Net Promoter Score – NPS

07 References
08 Indices

Form of relationship

Civil society
Regulatory bodies
Professional andbusiness associations
Education entities
NGOs• KPMG Hotline•C onversations andinteractions in forums,
events, working groups
and representation

Internal
Partners andprofessionals• Global People Survey• KPMG Hotline

2023 KPMG Sustainability Report in Brazil

The result of all these relationships and interactions
is considered in the annual materiality analysis andreview process, as well as in the identification andassessment of impacts.

Impacts of material topics of KPMG
in Brazil GRI 2-25 • GRI 3-1 • GRI 3-2 • GRI 3-3
In FY2023, the list of potential impacts of ourbusiness was reviewed by ESG experts from KPMG
in Brazil, taking into account the activities linked tothe business, as well as our materiality, Our Impact
Plan, the ESG strategy of KPMG Global and the dataobtained through relationships with stakeholders.
The impacts were prioritized according to nature,degree of severity, probability and human rights,
and also classified into positive or negative, real or
potential impacts.
This review process is critical to ensuring that material
topics accurately and comprehensively reflect the
Firm’s most significant impacts on the economy, theenvironment, people and human rights.
As a result of this process, no new significant
impacts of our business were mapped. The most
relevant ones that resulted from this evaluation arepresented in the table below.

KPMG: Our Impact Plan 15

Impacts of material topics of KPMG in Brazil GRI 2-25 • GRI 3-1 • GRI 3-2 • GRI 3-3

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

Material topics

Subtopics

1) Ethicalcommitment

•
•
•
•
•

Anticorruption
Hotlines
Client privacy and security practices
Unfair competition
Modernization of the tax system

2) Purposeful
governance• Preparation of leaders for an inclusive and regenerative
future3) Quality of
governancestructures• Anticorruption• Risk management and governance• Preparation of leaders for an inclusive and regenerative
future• Professionalization of governance bodies

06 Prosperity4) Relationship with
• Hotlines
stakeholders

07 References

5) Inclusion,
diversity andequity08 Indices6) H ealth and wellbeing• Diversity, equal opportunities and nondiscrimination policies• Inclusion, diversity and equity• Health and safety

Impacts*+ Ethical and sustainable business.
+ Stakeholder trust.
R +Continuous technical and human development based on KPMG’s global values
RR

and ethical pillars.

+ Improvement in administrative processes and business management.
R +Risk and quality management.
R +Access to new markets and resources.
P

P

R
R

- Loss of quality in the provision of services and/or data protection+ Upright and inclusive work environment; respect for diversity.
+ Ethical behavior, with integrity and motivated by the high performance of our

professionals.

R+ Good work, diversity and corporate citizenship practices; highly qualifiedR- Inadequate behavior by our professionals in light of our guidelines, standardsR- Development of cognitive overload, physical and psychological occupationalR+ Remuneration and benefits.

professionals.

and procedures.
illnesses.

7) Skills for future
employability• Training and education• Professional education

RR- Challenge of balancing work and personal life during busy season.
- Loss of knowledge and/or need for new investments to train and prepare
people.

+ Career development and valued CV in the market.
R +Turnover with possible loss of knowledge and/or need for new investments toRtrain and prepare people.

Note: No new impacts of our business were mapped, so this list only underwent a nomenclature review,
mainly following KPMG’s global standard and internal measurement methodology.

2023 KPMG Sustainability Report in Brazil*Impacts: R Real; P Potential;+ Positive; - Negative.

KPMG: Our Impact Plan 16

Impacts of material topics of KPMG in Brazil GRI 2-25 • GRI 3-1 • GRI 3-2 • GRI 3-38) C reation of jobs
and value• Support for startups and micro and small businesses+ Proud to belong; participation in citizenship practices; work in representativeR- Influx of people looking for job opportunities.

entities.

R

01 Presentation
02 KPMGPR9) Community
vitality• Support for startups, micro and small businesses andcommunities

values.

R- Loss of trust if we provide services to clients who face questions related toR+ Access to innovative knowledge and aligned services.

P+ Integration and access to new technologies, digital solutions and work andethical issues.

04 People

06 Prosperity10) Innovation for
better products
and services• Strengthening internal processes against misinformation(such as greenwashing and others)

R

11) C
 limate change• Own emissions• Third-party/supplier emissions12) Nature andbiodiversity13) Water
management

+
+
P +
R +
R +
R
P

The main indicators of KPMG’s performance in Brazil in relation to material
topics and defined goals are detailed in the Governance, People, Planet
and Prosperity chapters, presented below.

2023 KPMG Sustainability Report in Brazil

service delivery models.
Information security.
Quality and agility in our deliveries.
Increased trust of clients and business partners in KPMG.
Reduction of environmental impact; reduction in the use of resources in offices
and commuting.
- Technological and information security problems

+
R +
R +
R +
R

07 References
08 Indices+ Pro bono services for social organizations in local communities.

R

03 Governance

05 Planet+ Promotion of the local economy and businesses (indirect economic impact).
+ Training professionals with innovative knowledge and services aligned with ourEnvironmental awareness and engagement.
Reduction and compensation of greenhouse gas emissions.
Business models aligned with the global environmental agenda.
Indirect contribution to preserving biodiversity.
Conscious water consumption in the Firm.

*Impacts: R Real; P Potential;+ Positive; - Negative.

Note: No new impacts of our business were mapped, so this list only underwent a nomenclature review,
mainly following KPMG’s global standard and internal measurement methodology.

KPMG: Our Impact Plan 17

01 Presentation
02 KPMG

Governance

03 Governance
04 People
05 Planet
06 Prosperity

Putting our values at the heart of everything we do
We always act guided by our purpose and values. Throughout our history, this is how we have createdtrust in the market and in society, protecting the public interest, while promoting change for a better
future for our professionals, clients and other stakeholders.

07 References
08 IndicesWe also align our financial and social performance with public commitments aimed at sustainable
development, in addition to maintaining a robust governance structure, which leads and coordinates
all our activities. GRI 3-3“The dynamism of today’s world, driven bytechnological demands and innovation, suchas artificial intelligence, has profoundlychanged the context in which we operate.
Faced with this scenario, we act proactively,
investing heavily in people, technologies andmore efficient methods to meet the demandsof this constantly evolving market.”
Danilo Simões
Risk Management Head

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 18

Purposeful governance
01 Presentation

Inspire Confidence. Empower Change.

Integrity is essential to have the trust and credibility
that allow us to grow in our sector.

02 KPMG
03 Governance
04 People
05 Planet

Always act in accordance with our
purposeOur values GRI 3-3

06 Prosperity
07 References
08 Indices

Our values play a fundamental role in our daily
activities, providing guidelines for our actions, thedecisions we make and how we collaborate witheach other. These values are integrated throughout
the journey of our professionals, permeating ourbusiness processes and shaping every interaction
we have with our stakeholders. They create asense of shared identity within the Firm and are
responsible for defining what we stand for and how
we act.

Integrity

Excellence guides our quest to be the best in
everything we do and fulfill our commitmentswith the quality necessary to be the most reliable
company on the market.

Integrity

Courage makes us bold and innovative, capable ofmaking necessary changes, signaling the ambition todrive transformative growth.

We do what is right

Together emphasizes our culture based oncollaboration, inclusion and local and global
connection, fundamental for all our stakeholders.

Excellence IntegrityCourage Excellence

do whatto
is right
For Better reflects ourWedesiremake a meaningful
difference for all our stakeholders and thecommunity.

We do what is right

We never stop learningand improving

We never stop learningand improving

We think andact boldly

ExcellenceIntegrity Courage Excellence
Together CourageFor BetterTogether
We do what is rightExcellence

Excellence
Integrity

Integrity

Excellence
IntegrityCourage Excellence
TogetherCourage

Integrity
Integrity

Integrity
We do what is right

We never stop learningand improving

We think andact boldly

Courage ExcellenceTogetherCourage For Better Together
2023 KPMG Sustainability
ReportBrazilWe neverstop inlearning

and improving

We think andact boldly

We respect each other and draw
strength from our differences

We respect each other and draw
strength from our differences

For Better
We do whatreally matters

Excellence
We never stop learningand improving

Courage
We think andact boldly

TogetherWe respect each other and draw
strength from our differences

For Better
We do whatreally matters

KPMG: Our Impact Plan 19Governance structure
GRI 2-25 • GRI 2-9 • GRI 2-10 • GRI 2-11 • GRI 2-12 • GRI 2-13 • GRI 2-14 • GRI 3-3

01 Presentation
02 KPMG
03 Governance

KPMG has a structure to guide and monitor the activities of member firms. Our
governance structure in Brazil follows the same standards, adding its own bodies
to coordinate and oversee management, in accordance with Brazilian laws.
Annual strategic planning is the responsibility of the Chairperson and the
Executive Committee of KPMG in Brazil. Based on this strategy, other bodies takeresponsibility for evaluating and overseeing specific topics:

04 People• Impacts on the economy: Finance, ESG and Risk Subcommittees. They
maintain the firm’s financial management, including its investments and the
management of short- and long-term cash flow.
• Impacts on the environment: ESG and Risk Subcommittees. Responsible for
integrating the ESG agenda into the various solutions offered to our clients, aswell as guiding and strengthening the Firm’s strategic decisions, always alignedwith the global ESG strategy. They are made up of members of the Executive
Committee and other partners who lead the service lines.
• Impacts on people: Inclusion, Diversity and Equity, ESG and Risks
Subcommittees. They prepare, approve and monitor the strategic plan, which
encompasses our four pillars (women’s empowerment, LGBTQIA+, race/
ethnicity and people with disabilities), in order to advance issues of inclusion,
diversity and equity, inside and outside KPMG.

05 Planet
06 Prosperity
07 References
08 Indices

Chairperson
Partners

Finance
Subcommittee

Partners’ Rights
Subcommittee

Executive Committee

Operations
Subcommittee

Inclusion,
Diversityand Equity
Subcommittee

Compensation
Subcommittee

Human Capital
Subcommittee

Innovationand Enterprise
Solution
Subcommittee

Risk
Subcommittee

ESG Committee

Click on the buttons tofind out more.

2023 KPMG Sustainability Report in Brazil

Disciplinary
Subcommittee

Click here to close
all buttons.

KPMG: Our Impact Plan 20

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesGRI 2-9Members of the KPMG Executive Committee in Brazil (from left toright): Cláudio Sertório (COO), Jean Paraskevopoulos (Head of Clients &Markets), André Coutinho (Head of Advisory), Luciene Magalhães (Headof Human Capital), Marcus Vinicius (Head of Tax); Frank Meylan (Headof Technology, Digital Transformation and Innovation), standing; DaniloSimões (Risk Management Partner), Carlos Pires (Head of Audit), andCharles Krieck (Chairman), sitting.

ESG is one of KPMG’s global
priorities.

2023 KPMG Sustainability Report in Brazil

Performance and remuneration ofleaders GRI 2-18 • GRI 2-19
The BSC (Balance Scorecard) performance assessment
defines promotions and salary progressions andserves as support for the Profit-Sharing Program(PPL), which considers the general results of theFirm, the business unit and the professional himself.
These same principles are used to define theremuneration of partners, including the chairperson,in addition to financial and non-financial criteria, forexample, profitability of KPMG in Brazil, businessobjectives, inclusion, diversity and equity goals.

ESG as a driver for value creation
GRI 2-17 • GRI 3-3

ESG is one of KPMG’s global priorities. Therefore,
the topic is debated by senior leadership in global
forums of which the Brazilian Firm is part. The
Brazilian leaders who are part of these global
forums share the guidelines with other membersof the senior leadership (Executive Committee) of
KPMG in Brazil. In addition, the firm maintains the
ESG Subcommittee, responsible for evaluating andimproving the management of ESG aspects of the
Firm’s operations in Brazil and its reputation in thisfield. The ESG Committee includes the Firm’s chairperson,
the members of the Executive Committee, the leadpartner of the ESG topic and guests.

KPMG: Our Impact Plan 21

Click on the buttons
to find out more.

Click here toclose all buttons.

Value creation

01 Presentation
In everything we do,
we are committed
to inspiring trust andempowering change.

02 KPMG
03 GovernanceInputsPublic trust

PeopleClients

Innovation and Technology

Financial

04 People
05 PlanetBusiness model

06 Prosperity
07 References

Quality controls

Assurance & Advisory

Global network

Technology & innovation

Profits & value criation

Skills & expertiseThought leadership

08 Indices

Outputs• Increased public trust and better relationships with key
stakeholders• Continued business growth and higher levels of client
satisfaction• Become an increasingly digital enterprise – offering greater
efficiency and more insights for customers• Greater confidence in financial markets and corporate reporting

•
•
•
•
•

Creation of skilled labor and with greater employability
Better business decision-making between the companies
Higher operating revenue and profit
Greater efficiency, innovation and secure use of data
Contribution to continual economic growth

Benefits to society• Greater confidence infinancial markets andcorporate reporting

2023 KPMG Sustainability Report in Brazil•

Creation of skilled labor andwith greater employability• Better business decisionmaking between thecompanies• Greater efficiency, innovationand secure use of data

• Contribution to continued
economic growth

KPMG: Our Impact Plan 22

Public commitments GRI 2-23 • GRI 3-3
01 Presentation
02 KPMG
03 Governance
04 People

With the aim of reinforcing our commitment to a more inclusive andprosperous future for all, we are signatories to several national initiatives, inaddition to endorsing the global commitments made by KPMG International.
These commitments, aligned with our values, guide our policies and actions
and support us in promoting good practices throughout our value chain.

05 Planet
06 Prosperity
07 References
08 Indices

KPMG International commitments we endorse

Commitments signed by KPMG in Brazil

Development and Environment

Diversity

Diversity• UN Global Compact• UN Sustainable Development Goals• The Carbon Price Communiqué• World Business Council for
Sustainable Development• Climate Disclosure Standards Board• Paris Pledge - COP 21• Women’s Empowerment Principles –UN Women• Princípios de Empoderamento das Mulheres and HeforShe –UN Women1• Fórum de Empresas e Direitos LGBTQIA+2• Iniciativa Empresarial pela Igualdade Racial3• Coalizão Empresarial pelo fim da violência contra mulheres e meninas42023 KPMG Sustainability Report in Brazil

Ethics and integrity• Partnership Against Corruption
Initiative / World Economic Forum

Human rights

Human rights• Working Group on Human Rights – Ethos• Guiding Principles on Business andHuman Rights

1 Women’s Empowerment Principles and HeforShe –UN Women
2 Business and LGBTQIA+ Rights Forum
3 Business Initiative for Racial Equality
4 Business Coalition to end violence against women and girls

KPMG: Our Impact Plan 23

In FY2023, our operations were marked by significant transformations andadvances. The implementation of new work models, such as the HUB anddigital offices, provided a favorable environment for intellectual and professional
development, promoting cross-culture. The possibility of “working fromanywhere” not only made operations more flexible, but also emphasized theimportance of professional development dynamics, respecting different culturesand encouraging the exchange of experiences.

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity

Lead in audit quality
GRI 3-3

07 References
08 Indices

In addition to the positive impacts that auditing has on society, we recognize
quality as a crucial pillar to sustain confidence in the capital markets. And it also
plays a central role in consolidating our professional reputation, being an essential
measure to guarantee the trust of both companies and our stakeholders.

Supporting this context, we maintained a continuous focus on qualifying ourteams. Investments in training and qualifications, both in topics related to theprofession and in emerging innovation issues, were prioritized. In addition, wewere actively involved in academic training and improving skills in other languages
for our professionals, as well as recognizing those who stood out during theyear. We also promoted intense collaboration between multidisciplinary teams,
integrating innovation and ESG concepts in the Audit area with the support of Tax
and Advisory specialists.
Additionally, the intensive incorporation of technology, including automation,
artificial intelligence, cloud platforms and data analytics, was a priority. The
consolidation of the use of the global audit platform, KPMG Clara workflow, by
100% of auditors in 100% of work, ensured global alignment and consistency.

Our tireless focus on the quality and excellence of the services provided reflects
our commitment to contributing to integrity and transparency in businesspractices, thus consolidating the trust placed in us.
In this context, one of KPMG’s main commitments in Brazil is to provide
independent and reliable assessments to various interested parties, including
regulators, investors, clients, professionals and society in general. We also seek
to be in tune with the dynamism of the market, driven by new technologies andinnovative methods. We understand that digital transformation in auditing cancreate an enhanced experience for both our clients and our teams, strengthening
our ability to deliver exceptional services.

2023 KPMG Sustainability Report in Brazil

Quality is an essential measure toguarantee the trust of both companies
and our stakeholders.
KPMG: Our Impact Plan 24

01 Presentation

Finally, due to the increase in our client base forassurance work on sustainability reports andinventories of greenhouse gas (GHG) emissions,
we invested in training the teams that work inthese services and in structuring an assurance area
specialized in sustainability topics with more than 30
professionals.

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Drive a responsible tax practiceGRI 3-3

One of the highlights was
the launch of a tax reform
calculator, which aims
to measure the impactof the new tax system oncompanies.

In FY2023, KPMG in Brazil developed actions
to promote ESG in its Tax operations, offering
relevant services to its clients and contributing
to global discussions about tax responsibility andsustainability. One of the highlights was the launchof a tax reform calculator, which aims to measure
the impact of the new tax system on companies
and their entire supply and distribution chain, also
taking into account logistical aspects. This initiativereflects the company’s ongoing commitment toproviding practical solutions and anticipate trends sothat organizations can understand and address tax
challenges more effectively.

Our Tax professionals play a key role in enablingcompanies to incorporate the ESG agenda into
their tax approach. Guided by the principles of the
KPMG Global Tax Principles and the Global Quality
Framework, they work with the purpose of inspiringconfidence and empowering change. As an integral
part of the KPMG Global Responsible Tax Project,
we hold global roundtables involving institutions,business leaders, activists, media and otherstakeholders.
We perform compliance and tax advisory services
aligned with the principles of responsible tax
practice, seeking consensus and constructive
understanding between companies, governments,
decision makers and society. When reviewing
clients’ tax policies, we seek not only to comply
with regulations, but also to align these policies withbusiness objectives and ESG strategy. This approachhas positioned us as a reference in the businessscenario, even in a challenging context.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 25

01 Presentation

Drive transformations with purpose

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

KPMG’s Advisory area in Brazil works to help
companies thrive in an increasingly complex
business environment. With a multidisciplinary
approach, our commitment is to support strategic
decisions and project development, offering
specialized skills in areas such as strategic planning,mergers and acquisitions, corporate governance,risks and compliance, ESG, improvement of financial
and operational performance, outsourcing ofservices, innovation and strategic use of technology,
among others.
We serve companies from different sectors,
enabling them to face the specific challenges of
their businesses. Our goal is to drive innovation,
reduce risks and provide powerful insights, using
technological solutions that contribute to building
a sustainable legacy and creating value. We offer
enhanced approaches and services, aligned with
ESG principles, to help our clients embark on asustainable path. We believe that business successshould be measured not only by financial results,
but also by the positive and lasting impact thatcompanies leave for future generations.

Our team, driven by deep industry experienceand innovative technologies, accelerates business
transformation. We adopt a personalized, data-based
approach, creating solutions that unify the operating
model, security, business specific characteristics andtechnological solutions, without losing sight of thehuman factor. We constantly monitor performancethrough data, ensuring a comprehensive andsustainable view. We want to be the driving force
behind the transition, positioning ourselves not justas an advisory firm, but as a strategic partner in thejourney of growth and transformation of our clients.
In FY2023, one of the highlights was our solidpresence in the market, promoting solutions and,at the same time, playing an educational role on
topics such as digital transformation and businessdevelopment. This educational approach has not

only strengthened our market presence, but also
demonstrated our commitment to advancing
knowledge in relevant sectors.
We guide our clients on the path to sustainablegrowth. This includes, among other topics, improving
productivity, improving the consumer experience andexploring innovative technologies. We also stand out
for promoting good ESG practices, so that companies
not only comply with their regulatory requirements,
but also contribute to sustainable development.
To this end, we strengthen integration between
different areas, recognizing that current challenges
transcend thematic boundaries, requiring thecollaboration of experts from different fields.

To learn about the innovations developed and implemented by KPMG in Brazil in the Audit, Tax andAdvisory areas, click here.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 26

Our ethics and integrity mechanisms and indicators
01 Presentation
KPMG in Brazil has policy commitments aligned with KPMG Global, such as
the Global Code of Conduct, which guide the actions of everyone working at
member firms in all parts of the world and encompass values, commitments,
responsibilities, resources and compliance with the code. GRI 3-3 • GRI 2-23 • GRI 2-24

02 KPMG
03 Governance
04 People

The Global Code of Conduct is approved by the Global Chairman and CEO of
KPMG International, the highest level of the global network. It is available on theintranet and on the corporate website (access here), and is presented to new
professionals at the moment of hiring. GRI 2-23 • GRI 2-24

05 Planet
06 Prosperity
07 References
08 Indices

Ethical commitment
Act legally, ethically and in the public interest
GRI 2-15 • GRI 3-3

Supported by a robust set of principles, policies and processes, the cultureof integrity permeates the entire KPMG network, converting our values into
ethical actions and behaviors on a daily basis, from leadership to our teams.
This involves communicating with transparency, practicing zero tolerance
to corruption and bribery, choosing clients aligned with our principles andensuring our independence.

2023 KPMG Sustainability Report in Brazil

Everyone at KPMG in Brazil is committed to maintaining behavior consistent
with the Code of Conduct, assuming accountability, and is obliged to confirm
compliance with its standards. Our professionals are encouraged to speak up
if they see something that makes them uncomfortable or that does not comply
with the Code. Everyone must and is responsible for reporting any activity
that may be potentially illegal or violates our values, policies, applicable laws,
regulations or professional standards. GRI 2-24
To safeguard this principle of mutual accountability, each KPMG member firmmust establish, communicate and maintain clearly defined channels to allow
KPMG people and third parties to ask questions, raise concerns, provide feedback
and communicate reportable matters without fear of retaliation, in accordancewith applicable legislation or regulations (to learn about these channels, clickhere). GRI 2-24
Other policy commitments of the Firm are the KPMG Contractor Code of
Conduct, the Global Quality & Risk Management Manual and the KPMG Integrity
Policy. Furthermore, we base our conduct and independence procedures on

KPMG: Our Impact Plan 27

the guidelines of some external bodies, such as the IESBA Code of Ethics, theInternational Auditing and Assurance Standards Board (IAASB) and the Guiding
Principles on Business and Human Rights, as well as other international andnational initiatives endorsed by KPMG (to find out more, click here). GRI 2-23

01 Presentation
02 KPMG
03 Governance
04 People

KPMG prioritizes its policy commitments by applying it to all activities, clearly
describing how employees and customers should be treated and how to defend
the public interest in general. These commitments are communicated to our
professionals in Brazil through the intranet and through periodic training, such as
Independence and Integrity (annual) and money laundering prevention (to find out
more, click here). Communication about our conduct and our commitments tobusiness partners and other relevant parties takes place via the KPMG in Brazil or
KPMG Global website. GRI 2-23 • GRI 2-24 • GRI 3-3 • GRI 205-2

Risk Management GRI 3-3
The KPMG Risk Committee in Brazil is responsible for monitoring the integrity
and robustness of our formal Enterprise Risk Management (ERM) process,including the effectiveness of mitigation actions, so that we can achieve theobjectives of our strategic planning successfully.
The process has three phases: Identification of priority risks – covers all areas anduses global taxonomies, including risks defined globally by KPMG (ESG, Cyber,
Professional Ethics, Culture, Talent, among others); Assessment – measures
probability and impact; and Management – analysis of adequacy of action plans.
Risk assessments are reviewed in an ongoing process throughout the financial
year (including the adequacy of the risk response and the progress status ofactions to reduce risks to an acceptable level) and are reported annually to the
KPMG global network.

05 Planet
06 Prosperity
07 References
08 Indices2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 28

Monitoring socioeconomic compliance

Communication and marketing GRI 417-3

GRI 2-27 • GRI 205-3

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

To monitor compliance with environmental, socialand economic laws and regulations, we conduct
regular national and international compliance reviews.
In 2023, we did not register significant cases or
receive significant definitive fines related to these
topics.
In relation to non-monetary sanctions, KPMG
Auditores Independentes Ltda. was condemned,
and the sentence has already been settled, topublish in the newspaper, on its website and at its
headquarters the abstract of the decision made in
the Administrative Accountability Process (PAR) nº
00190109824/2019-72, initiated by the Office of theComptroller General (CGU), for alleged violationof the Anti-Corruption Law due to the use of tax
benefits. However, as it is convinced that it did
not commit any irregularity in the case, KPMG
filed a legal action against the aforementioned
administrative decision, with the Federal Court
suspending the collection of the fine (not significant)
imposed in the same process, with the casecurrently pending trial by the Judiciary.

All campaigns, communications, publications/promotional materials and marketing plans undergoa review of quality, content and tone of voice,brand and visual identity by the KPMG Marketing& Communication area in Brazil, following theguidelines of the KPMG International Global
Marketing Compliance Manual and Brand Book
Manual. Consultations are also carried out with the
Global Brand, OGC and Risk Management teams tofilter possible nonconformities. In 2023, no casesof non-compliance in relation to communication andmarketing actions were identified by KPMG.

KPMG Auditores Independentes Ltda. reiterates
that the case is not likely to affect its provision ofservices, reaffirming its commitment to providing
high quality services always based on ethical andindependence principles by all its representatives,
as well as compliance with applicable laws andregulations.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 29

Trainings GRI 205-2
All our professionals are informed about processes,
Ethics & Independence Policies and KPMG integrity
through the content of Risk Management training,in addition to having access to the Global Risk
Management Manual (GQ&RMM). Additionally, whennecessary and requested by the client, the Risk
Management area responds to client compliancequestionnaires, in which there is a need to inform
certain internal processes.

01 Presentation
02 KPMG
03 Governance
04 People

To find out more about the We do what’s right:
Integrity at KPMG training, click here.

05 Planet
06 Prosperity
07 References

Channel for communications about
our behavior
GRI 2-25 • GRI 2-16 • GRI 2-26

08 Indices
KPMG Hotline or Direct Line: open channel, 24hours, 7 days a week, to receive confidential reports
from business partners, employees, clients andother stakeholders about inappropriate behavior
by our professionals, or towards our professionals.
It can also be accessed to request guidance andcommunicate concerns about ethical and lawful
behavior and the integrity of the Firm. Brazil: 0800
891 7391. Other countries:• Clearview Connects• International Hotline• KPMG International Hotline

2023 KPMG Sustainability Report in Brazil

All information about the Hotline is available
on the KPMG intranet in Brazil. Investigations
are conducted by independent teams, who
are prepared and trained to treat all caseswith complete confidentiality. All reports andinvestigations are conducted under the premiseof non-retaliation.

To undertake the annual Independence training,professionals are called by the Ethics &Independence team. Newly hired employees takeit as part of the onboarding process. The training
content is available on the Firm’s e-learning
tool, the Global Learning Management System(GLMS). GLMS automatically sends professionals
alerts about upcoming due dates and warnings
about delays in completing training. If they are
not completed within the deadline, disciplinary
measures are applied in accordance with theRegulation of the Disciplinary Committee andDisciplinary Measures of KPMG in Brazil.

In addition to these channels, we provide several
other ways for professionals to seek help,
guidance or report situations that do not comply
with our policies, values, laws or regulations (tofind out more, click here).

KPMG: Our Impact Plan 30

Completion of required training in FY2023 GRI 205-2 • GRI 404-1

Independence
Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesTotal Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)Interns

78

76

76

100%

941

842

834

99%

North

-

-

-

-

North

4

4

4

100%

Northeast

-

-

-

-

Northeast

22

19

19

100%

Midwest

-

-

-

-

Midwest

18

16

16

100%

South

3

3

3

100%

South

56

50

50

100%

Southeast

75

73

73

100%

Southeast

841

753

745

99%

Trainees

524

498

498

100%

Partners

508

489

484

99%

5

5

5

100%

North

1

-

-

-

21

100%

Northeast

8

8

8

100%

Midwest

7

7

7

100%

North
Northeast

21

21

Managers

Total Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Midwest

28

25

25

100%

South

48

46

46

100%

South

23

22

22

100%

Southeast

422

401

401

100%

Southeast

469

452

447

99%

Staff

3,139

2,603

2,518

97%

Total

5,190

4,508

4,410

98%

North

20

15

15

100%

North

30

24

24

100%

Northeast

75

66

61

92%

Northeast

126

114

109

96%

Midwest

135

122

120

98%

Midwest

188

170

168

99%

South

165

146

143

98%

South

295

267

264

99%

2,744

2,254

2,179

97%

Southeast

4,551

3,933

3,845

98%

Southeast

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 31

Completion of required training in FY2023 GRI 205-2 • GRI 404-1

Money laundering prevention policy
Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesTotal Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)Managers

Total Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Interns

78

78

78

100%

948

948

939

99%

North

-

-

-

-

North

4

4

4

100%

Northeast

-

-

-

-

Northeast

22

22

21

95%

Midwest

-

-

-

-

Midwest

18

18

18

100%

South

3

3

3

100%

South

56

56

55

98%

Southeast

75

75

75

100%

Southeast

848

848

841

99%

Trainees

524

524

524

100%

Partners

501

501

491

98%

North

5

5

5

100%

North

1

1

-

-

Northeast

21

21

21

100%

Northeast

8

8

8

100%

Midwest

28

28

28

100%

Midwest

7

7

7

100%

South

48

48

48

100%

South

23

23

23

100%

Southeast

422

422

422

100%

Southeast

462

462

453

98%

Staff

3,139

3,136

3,131

99%

Total

5,190

5,187

5,163

99%

North

20

20

20

100%

North

30

30

29

96%

Northeast

75

75

75

100%

Northeast

126

126

125

99%

Midwest

135

132

132

100%

Midwest

188

185

185

100%

South

165

165

165

100%

South

295

295

294

99%

2,744

2,744

2,739

99%

Southeast

4,551

4,551

4,530

99%

Southeast

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 32

Client privacy protection
GRI 418-1 • GRI 3-3

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

At KPMG in Brazil, information security and theprotection of personal data are part of the Risk
Management processes. The Firm maintains a structure
to guide and maintain the integrity, availability andconfidentiality of internal information and that of ourclients, in addition to having Committees related tothese issues, which follow global and local Information
Security policies, Acceptable Use Policy and Privacy andProtection of Personal Data, aimed at professionals andthird parties. We also have an Internal Audit programin information security controls that includes the
structuring of governance and security management.

06 Prosperity
07 References
08 Indices

KPMG computers in Brazil have disk and removable
media encryption tools to protect information, including
personal data, on laptops, in addition to the necessary
security updates on KPMG systems.

We also have a publicized channel available to all
professionals for the process of reporting security
incident events and personal data breaches, which arerecorded and managed by the Information Security
area and monitored by the Privacy and Personal
Data Protection area. All professionals are required
to complete training on topics related to information
security, in addition to frequently disseminatingawareness materials about care towards the Firm’s
information, that of our clients and personal data.
Every year, the commitment of all professionals tothe acceptable use policy is reinforced through anelectronic confirmation process.
In 2023, we had six proven cases of security incidents– five related to unintentional sending of an email withconfidential information to an external contact and asystemic failure in the process of sending notificationsof the hotline channel. GRI 418-1

All professionals are required to complete
training on topics related to information security.
2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 33

Privacy Program

01 Presentation
02 KPMG

Our Privacy Program is a structured framework, involving a multidisciplinary
range of areas, which includes compliance with the principles and foundations
established in the applicable personal data protection regulations, good practices,
policies and global standards of the Firm. This program provides the necessary
governance structure for KPMG in Brazil to develop its businesses, services andproducts with innovation, whilst providing protection for people’s personal data.
GRI 3-3

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesManaged by the Data Privacy area, it is based on the NIST framework (The National
Institute of Standards and Technology, part of the US government’s Department ofCommerce) and includes five pillars: identify, govern, control, communicate andprotect. Among its main actions are: carrying out a privacy impact assessment for
new flows of personal data; management of suppliers and third parties with privacy
assessment, personal data protection and information security; establishment ofgovernance policies and rules on personal data protection; adoption of transparency
measures and compliance with subjects rights; promotion of training and awarenessactions for our professionals; adoption of information security measures managed
by a 100% dedicated area (NITSO); registration of personal data processing activities
and their monitoring, including personal data processing flows, systems inventory,
classification by criticality; adoption of privacy by design and default measures; andstructuring and recording international transfers of personal data. GRI 3-3
The Firm also maintains an
executive committee for Privacy
and Personal Data Protection.
Currently, in addition to carryingout structural actions necessary
for the maintenance andmanagement of the program,
we are implementing process
improvements. GRI 3-3

2023 KPMG Sustainability Report in Brazil

Mission GRI 3-3

Objectives• Be a facilitating agent to ensurethat KPMG in Brazil is The Clear
Choice• Ensure compliance with applicable
personal data protection
regulations and the Firm’s global
policies and standards• Promote and ensure accountability
in processes involving processingof personal data
• Identify and indicate corporaterisks in relation to protection of
personal data
• Act as a transformative agent toimplement a culture of privacy andprotection of personal data
• Be an active agent in the
Information Protection Group• Meet the expectations of clientsand data subjects, through simple,
clear and objective communication• Implement the program inaccordance with strategic R&M
objectives• Meet legal and regulatory
requirements• Promote a culture of privacy andprotection of personal data at
the Firm• Meet client’s expectations• Promote the trust of data
subjects regarding the protectionof their personal data
• Guarantee KPMG’s reputationand image in Brazil• Manage and mitigate personal
data breach risks and respondeffectively to recorded cases ofbreach• Assess and manage privacy andpersonal data protection risks• Maintain our effective privacy
framework, ensuring risk
management, activities andimprovements

Click on the cover and read more about our quality control systemin the KPMG Brazil Transparency Report 2023.
This year, the publication will present a public statement about its assessment of
the effectiveness of the ISQM1 (International Standard on Quality Management)
result – this is the first time that this analysis has been carried out after the adoptionof this standard.

KPMG: Our Impact Plan 34

Work against corruption in all its forms, including extortion and bribery
GRI 2-15 • GRI 3-3

01 Presentation
02 KPMG
03 Governance
04 People

KPMG anti-corruption system in Brazil

Conflicts of interest GRI 2-11

KPMG’s policies and rules related to anti-corruption
are described in the Firm’s Code of Conduct (available
on the intranet and to new professionals at the timeof hiring), in addition to being included in the annual
We do what is right: Integrity at KPMG training. GRI 205-1

Conflicts of interest at KPMG in Brazil are prevented
and mitigated through the dissemination of our Codeof Conduct and the carrying out of periodic training
based on this document, which permeates all theactions of all the Firm’s employees. In addition,
KPMG International requires its member firms tohave appropriate internal controls in place to mitigate
possible risks, as well as to enter all projects into theFirm’s global online system, Sentinel, which verifies
the possibility of execution based on independence
requirements and applicable standards.

05 Planet
Quality Compliance Evaluation Program (KQCE)
06 Prosperity
07 References
08 Indices

The KPMG Quality Compliance Evaluation Program(KQCE) is a compliance program that tests theprocedures and controls carried out by KPMG in
Brazil in relation to anti-corruption aspects. In FY2023,
tests were performed in relation to compliance withthe policies set out in the Global Quality & Risk
Management Manual on anti-corruption related tosuppliers, bribery, gifts, payment facilitation anddonations. GRI 2-15 • GRI 205-1 • GRI 3-3

Trainings
All of our professionals must complete mandatoryanti-corruption training, called We do what is right:
Integrity at KPMG. Newly hired employees are
required to undergo training on their first day ofwork. The others are asked at least once a year andwhenever there is a content update. To obtain thecertificate of completion, professionals must take a
final exam and achieve a score of 80%.

Completion monitoring is carried out to verify
that all employees have completed the training
within the maximum established period (up to
three days after hiring and three weeks for Audit
professionals). Cases of non-compliance withthis deadline are subject to analysis by the Firm’s
Disciplinary Committee, in accordance with therelevant regulations, available on the intranet toall our professionals. GRI 205-1 In FY2023, around74%1 completed the We Do What’s Right: Integrity
at KPMG training (to learn about other ethics &independence training, click here). GRI 205-2
1 The date established for completing this training was 1/31/2024, resulting in an
increase in the total percentage to 84.92%. Monitoring will continue until all
professionals have completed the mandatory training.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 35

Completion of training required in FY2023 GRI 205-2 • GRI 404-1

We do what is right: Integrity at KPMG
Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesTotal Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Total number Total number
of KPMG of employees/
employees/
partners
partners
required
to receive
training(Absolute
number)Managers

Total Percentage of
number of
employees/
employees/
partners
partners who received
who received
training
training (percentage)(Absolute
number)Interns

78

78

54

69%

948

948

683

72%

North

-

-

-

-

North

4

4

2

50%

Northeast

-

-

-

-

Northeast

22

22

10

45%

Midwest

-

-

-

-

Midwest

18

18

10

55%

South

3

3

1

33%

South

56

56

40

71%

Southeast

75

75

53

70%

Southeast

848

848

621

73%

Trainees

524

524

399

76%

Partners

501

501

373

74%

North

5

5

3

60%

North

1

1

-

-

Northeast

21

21

17

80%

Northeast

8

8

7

87%

Midwest

28

28

17

60%

Midwest

7

7

6

85%

South

48

48

31

64%

South

23

23

18

78%

Southeast

422

422

331

78%

Southeast

462

462

342

74%

Staff

3,139

3,136

2,378

75%

Total

5,190

5,187

3,887

74%*

North

20

20

10

50%

North

30

30

15

50%

Northeast

75

75

51

68%

Northeast

126

126

85

67%

Midwest

135

132

99

75%

Midwest

188

185

132

71%

South

165

165

123

74%

South

295

295

213

72%

2,744

2,744

2,095

76%

Southeast

4,551

4,551

3,442

75%

Southeast

Note: *The date established for completing this training was 1/31/2024, resulting in an increase in the total percentage to 84.92%. Monitoring will continue until all professionals have completed the mandatory training.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 36

Contracts
It is mandatory that all contracts with suppliers
originating from an RFP have clauses establishing
control procedures in order to avoid corruption.
01 Presentation
02 KPMGGRI 205-1

Code of Conduct

03 Governance
04 People
05 Planet
06 Prosperity

KPMG’s anti-corruption policies and rules are describedin the Code of Conduct, which is available on theintranet and is presented to new professionals at thetime of hiring. This document prohibits the involvementof our professionals in any type of non-compliance withlaws and regulations (see details here). GRI 2-23 • GRI 2-24 •GRI 3-3

07 References
08 Indices

Communication to business partners GRI 205-2

Control of unfair competition,
trust and monopoly practices
We have clear policies and monitoring mechanisms
on these topics to avoid practices that harm themarket in which we operate. In 2023, we did notregister legal actions related to these topics.
GRI 206-1 • GRI 3-3

Prohibition on contributions to politicalparties GRI 415-1
Our rules and procedures prohibit donations
to candidates and political parties, except withthe approval of the Senior Partner, following therecommendation of the Risk Management Partner.

Channels for reporting corruption
GRI 2-25 • GRI 2-16 • GRI 2-26

We make our Code of Conduct available on the
KPMG Supplier Portal in Brazil, accessible to theexternal public via the corporate website, where it
is possible to check our anti-corruption and money
laundering procedures.

• Office of General Counsel (OGC) advice channel:
opening a ticket through the Cervello system, the linkto which is available on the intranet.
• KPMG Hotline: our reporting channel can beaccessed to request guidance and report concerns
about corruption (see details here).

We have clear policies and monitoring mechanisms
on these topics to avoid practices that harm the market
in which we operate.
2023 KPMG Sustainability Report in Brazil

In addition to these channels, we provide several
ways for professionals to seek help, guidanceor report situations that do not comply with ourpolicies, values, laws or regulations.
• Contact with the supervisor, leader, manager or
performance manager.
• Contact with the partner of the engagement inwhich the professional is involved, to address issues
related to their clients.
• Contact with the Ethics and Independence partner– to address violations related to these topics by
KPMG member firms or their professionals – orwith the Risk Management partner – for mattersthat do not involve clients, such as situations inwhich the professional believe that the engagement
partner is somehow involved or is not handling thematter appropriately.
• Contact with the People, Performance & Culture
partner and the Human Resources and Business
Partners team.
• Contact with the OGC partner.
Professionals also have access to global or regional
resources to get help, advice or report concerns.
These resources include:• Global Quality & Risk Management (GQ&RM) team.
• International Office of General Counsel (IOGC).
• Regional Risk Management partner.
In FY2023, there were no confirmed cases ofcorruption involving our professionals and our
suppliers. We registered a lawsuit filed against
KPMG in Brazil (see details here). GRI 205-3

KPMG: Our Impact Plan 37

Human rights
01 Presentation

Respect Human Rights
GRI 3-3

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Our public commitment to respecting human rights
goes beyond legal obligations and is expressed in
the International Statement on Business and Human
Rights of KPMG Global. That statement, aligned with
the UN Guiding Principles on Business and Human
Rights, reinforces our long-standing support for the
UN Global Compact.
In this way, human rights permeate the due diligenceprocedures incorporated into global risk and quality
management policies, as well as KPMG’s people andculture policies.

2023 KPMG Sustainability Report in Brazil

At KPMG in Brazil, we maintain alignment withthis global commitment, following the guidelines
described in the Global Code of Conduct, which
guide the actions of all professionals at member
firms in all parts of the world. GRI 3-3 • GRI 2-23 • GRI 2-24.
We also regularly reinforce the Firm’s policies andvalues. GRI 406-1

In FY2023, we received 23 reports of potential
unwanted comments. After the investigation
process, behaviors incompatible with our values
were identified. As a consequence, training related to
conduct, inclusion, diversity, equity, non-harassment
culture and unconscious biases were reinforced
or dismissals were conducted, supported by our
Culture, supported by above all respectful values.

In relation to discrimination issues, which may
include unequal treatment or harassment, KPMG
in Brazil, supported by its governance, promotes aconfidential investigation of all complaints reported
through our Hotline or that come to the attentionof the Human Resources Department. After thisanalysis, the conclusion is discussed in a panel,
which then defines the applicable sanctions anddisciplinary measures or even dismissal. GRI 406-1

GRI 406-1

We regularly reinforce theFirm’s policies and values.

KPMG: Our Impact Plan 38

01 Presentation
02 KPMG

People03 Governance
04 People

Maintaining constant development in an inclusive,values-driven and purpose-led culture
GRI 3-3

05 Planet
06 Prosperity
07 References
08 Indices

In order for us to put into practice our agenda of change andtransformation towards a more prosperous and inclusive future for all, it
is essential to take care of our professionals and promote their continuous
development.
At KPMG in Brazil, we dedicate significant investments to creating and maintaining a work
environment that celebrates diversity, promotes health and well-being, and strengthens trust
among our teams. We provide opportunities that allow each of our professionals to improvetheir skills, expand their knowledge and progress in their careers, aiming to serve our clientswith increasing excellence. Furthermore, we emphasize actively listening to the perceptions andpoints of view of our teams, driving continuous progress in this regard.

2023 KPMG Sustainability Report in Brazil“In Brazil, we stand out for being a company
focused on human leadership, balancing
growth and results. In our strategy, we
diligently pursue excellence and highperformance in a transparent and balanced
way, for collective support.”
Luciene Magalhães
Human Capital HeadKPMG: Our Impact Plan 39

01 Presentation

Inclusion, Diversity
and Equity (IDE)

02 KPMG
03 Governance
04 People
05 Planet

Have an inclusive culture built on trust
GRI 3-3

06 Prosperity
07 References
08 Indices

In order to provide a welcoming, safe anddiscrimination-free environment, which favors theplurality of opinions and guarantees the rights ofall, allowing each person the right to exist andbe in a unique way, we adopt the approach of
promoting respect and empathy across the Firm.
Fostering inclusion, diversity and equity allows us
to do what is right, creating the conditions for all
our professionals to become the best versions ofthemselves and enjoy recognition and prosperity.
We have an Inclusion, Diversity & Equity
Committee (CIDE) with the objective of
implementing the leading attitude that KPMG
decided to embrace in the theme of Inclusion,
Diversity & Equity not only within the Firm, but
towards the market and society.

2023 KPMG Sustainability Report in Brazil

CIDE values respect for all people and didacticallybases its goals and action plans on five pillars, fourwith themes – KNOW (gender), Voices (LGBTQIA+),
Buddies (people with disabilities) and Ebony (race,color and ethnicity) – and a pillar of Synergy to workon both intersectionality and topics not coveredby the other pillars. Each pillar is led and builds its
actions through volunteer leaders, always with theparticipation of representatives of the groups they
empower, to ensure a place to speak (representation),
effective actions and positive impact.
In FY2023, CIDE carried out different actions topromote awareness among our professionals
about inclusion, diversity and equity. One of them
was the Privileges Campaign, which, throughinterventions with stickers containing phrases of“reverse discrimination” in various environments

in all our offices, sought to provoke reflections on
how access to all spaces for some groups of the
population is still recent. Another was the trainingof third parties (business partners, suppliers
and organizations supported by our Corporate
Citizenship actions) on inclusion – an initiative
carried out every six months.
Furthermore, the committee takes advantage ofthe commemorative dates of each pillar to carry out
campaigns and events for elucidation and reflection,in order to broaden the understanding of all our
professionals about the importance of respecting
diversity, inclusion and equity.

KPMG: Our Impact Plan 40

Women/KNOW(KPMG’s Network of Women)

01 Presentation
02 KPMG
03 Governance
04 People

KNOW has a consistent journey of more than adecade towards gender equality and aims to increase
female representation in leadership, exceeding
the established goal. This goal is aligned withthe global goal of women in leadership at KPMGInternacional (33% of partners and directors by 2025)
and supported by actions such as monitoring the
succession pipeline, promotions, hiring, turnover,remuneration, organizational climate, among others.
GRI 3-3

05 Planet
06 Prosperity

Among the actions developed to encourage andaccelerate female careers at KPMG are the Womenin Leadership Program for managers, the KNOW
Academy for all women and the Mentoring Programfor Advisory leaders. Internal events, videos andtalking circles are also held about parenting,masculinity and other topics that favor men’s
engagement in this cause (#heforshe). GRI 3-3
Aiming to impact society, we also hold open events,
publish articles and research, participate in external
events and give lectures to clients about the subject,in addition to carrying out the Joule female mentoring
program for women in vulnerable situations. GRI 3-3

Ebony (Race, Color and Ethnicity)
Ebony addresses the inclusion of races, skin colors andethnicities, aiming to increase the representation of nonwhites at KPMG and in leadership positions, as well as
expanding their space in society. GRI 3-3
In FY2023, considering that goals gain strength when
they are defined by those who have the power toinfluence our recruitment and selection and careermonitoring processes, we proposed that each region/
BU head define a pact for hiring and promoting black
people to the next two fiscal years, with the support ofEbony so that the goals are achieved. GRI 3-3
Another notable initiative was the #Impulse 2 program,which saw the participation of 100 black talents, whoreceived English and digital journey scholarships, aswell as meetings and mentoring with our professionals.
In addition, we continued the series of booklets
addressing important themes for information about
Afro-Brazilian and Afro-American culture through the
Ebony trail and we carried out external and internal
events (Courageous Reading and EBONAR), as well as
reflective actions on social networks.

07 References
08 Indices2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 41

01 Presentation
02 KPMG

Voices (Sexual Orientation and
Gender Identity)

03 Governance
04 People

Voices is about the inclusion and appreciation of
professionals of all gender identities and sexual
orientations.

05 Planet
06 Prosperity
07 References
08 Indices

Buddies (People with Disabilities)
Buddies is the pillar that works for the inclusion ofpeople with disabilities at KPMG in Brazil. All of ourpositions are open to PwDs, regardless of the position,
and, to this end, we rely on the sensitive eye of internal
recruiters in capturing these profiles. GRI 3-3
In 2023, Buddies worked on connection andawareness-raising actions with leadership to expand
the hiring and retention of professionals withdisabilities in the teams, strengthening their rolein taking charge of their career and empoweringsignificant changes in their journey. GRI 3-3

2023 KPMG Sustainability Report in Brazil

In addition, we held internal events, informative
materials (awareness pills on corporate TV, intranet,
booklet, etc.), monitoring of Performance Managers
and PwDs and leadership training. We also run the
Buddies Academy program for the external public,
with a focus on retaining standout participants to
our internal open positions and we defined an action
to hire PwDs for the KPMG Young Talents program(8 open positions for Tax and 10 for Jr. Advisoryconsultant) and for the technical area, with support
from the PcD + agency, to be executed in 2024.
We also carried out the ergonomic adaptation of
professionals’ homes, so that they can carry out theirremote work activities in the appropriate conditions.

In 2023, among the highlights of this pillar was thetraining for allies, with the participation of 1,170
professionals – being identified as an ally to thecause means staying updated and engaged so thateveryone has access to opportunities, respect,
recognition and appreciation. We also publicized the
KPMG Statement, which presents KPMG’s global
commitment to equity, and we had KPMG’s presenceat the São Paulo LGBT Pride Parade. GRI 3-3
Other actions during the year were the holding oftalking circles, lectures and external lives, third-party
training and meetings with clients for affinity groups,
and the dissemination of the LGBTQIA+ (Voices +Culture) Booklet, in addition to work carried out withfamily members of our professionals to promoterespect and acceptance within families.

KPMG: Our Impact Plan 42

Profile of our diversity GRI 2-7
Region01 Presentation
02 KPMG
03 Governance

Employees

Interns

Temps

Partners

Total

Northeast

116

-

-

8

124

North

26

-

-

1

27

Midwest

153

-

-

6

159

Southeast

3,906

74

1

469

4,450

263

3

-

23

289

4,464

77

1

507

5,049

Employees

Interns

Temps

Partners

Total

Up to 30 years

2,550

77

1

-

2,628

South

Total FY2023

04 People
05 Planet
06 Prosperity
07 References

Age group
31-50 years

1,868

-

-

421

2,289

+ 51 years

46

-

-

86

132

Total FY2023

4,464

77

1

507

5,049

08 IndicesWork schedule

Men

Women

Total

Full time

2,399

2,514

4,913

Part time*

Total FY2023

62

74

136

2,461

2,588

5,049

* There was an increase in the number of hires of apprentices, interns and trainees
compared to the previous fiscal year.

OfficeEmployees

Interns

2,920

52

1

376

3,349

Rio de Janeiro

560

18

-

57

635

Other units*

984

7

-

74

1,065

Total FY2023

4,464

77

1

507

5,049

São Paulo

Temps Partners

Total* There were changes in the number of professionals compared to the previous year due to digital offices, which resulted in transfers and some dismissals.
The list of KPMG units in Brazil is available on page 11.

Gender2023 KPMG Sustainability Report in Brazil

Employees

Interns

Temps Partners

Total

Men

2,040

46

1

374

2,461

Women

2,424

31

-

133

2,588

Total 2023

4,464

77

1

507

5,049

KPMG: Our Impact Plan 43

Breakdown by gender GRI 2-7 • GRI 405-1
Categories
01 Presentation
02 KPMG

Women

Men

Total

% Women under
total category% Men under
total category% Women undergrand total% Men undergrand total

Partners

133

374

507

26%

74%

3%

7%

Managers

422

483

905

47%

53%

8%

10%

1,688

1,299

2,987

57%

43%

33%

26%

Staff

03 GovernanceTrainees

314

259

573

55%

45%

6%

5%

04 People

Interns

31

46

77

40%

60%

1%

1%

05 Planet

Total

2,588

2,461

5,049

51%

49%

51%

49%

06 Prosperity
07 References
08 IndicesDiversity in senior leadership GRI 2-7 • GRI 405-1
GenderPartners

Age group

Other indicators

Women

Men

Up to 30years

31-50 years+51 years

People withdisabilities

Black*

Foreigners

Total

Absolute
number

133

374

-

421

86

-

37

18

507

Percentage

26%

74%

-

83%

17%

-

7%

4%

*Includes black and brown people, according to the Brazilian Institute of Geography and Statistics (IBGE).

Fostering inclusion, diversity and equity
allows us to do what is right.
2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 44

Overall diversity GRI 2-7 • GRI 405-1
Gender01 Presentation
02 KPMG

05 Planet
06 Prosperity
07 References
08 Indices

Other indicators

Women

Men

Up to 30years

31-50 years+51 years

People withdisabilities

Black*

Foreigners

Total

Interns

Absolute
number

31

46

77

-

-

-

15

1

77

Percentage

1%

1%

2%

-

-

-

0.3%

0.02%

2%

Trainees

Absolute
number

314

259

521

52

-

-

196

4

573

Percentage

6%

5%

10%

1%

-

-

4%

0.1%

11%

Absolute
number

1,688

1,299

1,930

1,031

26

63

981

16

2,987

Percentage

33%

26%

38%

20%

1%

1%

19%

0.3%

59%

422

483

100

785

20

4

169

24

905

8%

10%

2%

16%

0.4%

0.1%

3%

0.5%

18%

03 Governance
04 People

Age group

Staff

Absolute
Managers number
Percentage*Includes black and brown people, according to the Brazilian Institute of Geography and Statistics (IBGE).

Leadership composition (directors, partners and managers) - By declared gender GRI 2-7 • GRI 405-1
Absolute numbers
and total percentage
Variation FY2022 x FY2023

Women

Men

Total

% Women

% Men

555

857

1,412

39%

61%

1%

-6%

-3%

Note: variations reflect adjustments made in relation to the projected volume of hours vs. the volume of hours available, combined with the adoption of artificial intelligence tools and other projects aimed at the efficiency and accuracy of our deliveries.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 45

Other indicators

By education level*
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

Higher Education andUniversity Extension

96%
4,861

Elementary andSecondary Education

4%
187

06 Prosperity
07 References
08 Indices* The difference in relation to the total number of professionals on page 42 is due to a worker
on a temporary contract, a hiring model in which there is no direct management by the Firm.

Minority groups

1%28%

People with disabilities

Black** Includes black and brown people, according to theBrazilian Institute of Geography and Statistics (IBGE).

1%

Foreigners

2023 KPMG Sustainability Report in Brazil232third parties*
90 women
142 men GRI 2-8* Outsourced workers allocated to infrastructure
support services. KPMG hires labor supply
companies, with employees under the CLT regime.

Organizational climate
The Global People Survey (GPS) is a critical part of KPMG’s engagement strategy.
It is a global tool that annually captures the vision and opinion of our people on
topics related to the Firm, helping us to gain insights into what motivates ourpeople and how we can improve the KPMG experience.
The survey is anonymous and confidential. Compared to internal and externalbenchmarks, the results allow us to consider trends and performance, as wellas guiding some of the Firm’s strategic decisions and ensuring that our culture
comes to life everywhere for everyone.
In the FY23 GPS, we maintained our main indexes in the categories ofEngagement (78%), Trust (80%) and Growth (79%), within the Clear Strengthparameter. In the categories of Corporate Citizenship, Inclusion and Diversity,
Values, Vision and Strategy and Audit Quality, as well as in Trust, we achieved aposition above or equal to 80%.
These results indicate that our professionals trust the leadership and arecommitted to strengthening the Firm’s strategy, with the objective of having a
successful career, in a company that values diversity and treats everyone withrespect and dignity. They also allowed us to identify priorities and areas for
improvement for the future: improving our internal communication; evaluating
our resources to strengthen our productivity; and enhancing professional
development and learning.

KPMG: Our Impact Plan 46

Foster an empathetic workforce

Promotions GRI 3-3
01 Presentation
02 KPMG
03 Governance
04 People

We invest in the development of our professionals
right from the selection processes and offer several
opportunities for career development. Our objective, withthis practice, is to attract and retain the best talents, sothat we can maintain excellence in service to our clients.

05 Planet

Promotions

06 Prosperity

In FY2023, 39.5% of our professionals were promoted inrecognition of their commitment and engagement.

07 References
08 Indices

Promoted professionals
Position

Men

Women

Total FY2023

Total FY2022

Total FY2021

Staff

846

998

1,844

2,088

1,914

Staff to manager

34

36

70

160

195

Manager to senior
manager

37

22

59

93

130

Senior Manager toPartner

13

6

19

39

61

Total

930

1,062

1,992

2,380

2,300

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 47

Trainee Program

FY2023

FY2022

FY2021

2,528

51,80638,960

Number of hires

81

1,437

592

Candidates per position

31

36

66

Number of candidates
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesTrainee Program
Considered one of the most attractive on the market,
our trainee program, called Jovens Talentos KPMG,
offers opportunities to university students from different
courses to work throughout Brazil. Its objective is tohire the best talents, always considering diversity.
In FY2023, the selection process was carried out ina hybrid format. At the application stage, candidates
underwent an online assessment. Afterwards, those
approved participated in a group assessment. The
final stage was an assessment with managers. After
selection, the Tax trainees began their work at KPMG
in Brazil in a hybrid way, with a humanized onboarding
schedule built especially for them.
In order for them to understand our areas of activity,
get to know the company’s culture, develop themselvesand carry out their activities with the necessary
quality, trainees participate in a development program
made up of several pillars, including technical training,interpersonal skills and technology, in addition to
mentoring with more experienced leaders.

2023 KPMG Sustainability Report in Brazil

Note: Audit trainees were admitted after the end of the period. Therefore, data from this area will be reported in the FY2024 report.

The Advisory area no longer has the trainee position, replaced by the positions of junior consultant andintern. The first edition of the selection for these roles took place in FY2023 and was conducted by acompany specializing in young talents, with the same focus and structure as the Tax and Audit trainee
program. The onboarding and development processes of selected professionals also followed the sameschedule.
Junior Consultant Program

Intern Program

FY2023

FY2023

Number of candidates

369

Number of candidates

Number of hires

24

Number of hires

88

Candidates per position

15

Candidates per position

143

The objective is to hire the best talents, always considering
diversity and profile skills, which must be aligned with professional
and personal objectives.
KPMG: Our Impact Plan 48

12.607

Mobility and exchange program

01 Presentation
02 KPMGKPMG in Brazil values the mobility of its professionals, both inbound (receiving
people from other member firms of the KPMG network) and outbound (sending
our employees to other member firms). We believe that this practice reflects oursearch for constant training, in addition to offering our professionals the opportunity
to experience international experiences, acquire new practices and skills to meetbusiness demands, develop their careers and become leaders.

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Global Opportunities

5
12
7

inboundoutboundcountries involved: United States,
Canada, Colombia, Netherlands, Japan,
Norway and United Kingdom

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 49

Advocate for equal opportunities
Performance evaluation
01 Presentation
02 KPMG
03 Governance

Promotions and compensation and pay progression at
KPMG in Brazil are defined by performance assessment.
In FY2023, 82% of our professionals received performanceand career development reviews. GRI 3-3 • GRI 404-3

04 People
05 Planet
06 Prosperity
07 References
08 IndicesTotal employees who received formal performance
review and monitoring*

GRI 404-3

Men

Technical

OpenPD
Administrative

Total

Women

Percentage of employees who regularly received
performance and career development reviews

Total

Men

Women

Total

Trainees

200

269

469

79%

87%

84%

Staff

944

1,012

1,956

79%

82%

81%

Managers

351

265

616

75%

75%

75%

Partners

303

97

400

93%

99%

95%

Trainees

-

2

2

0%

50%

50%

Staff

198

429

627

86%

87%

87%

Managers

30

65

95

73%

78%

77%

Partners

53

32

85

85%

89%

87%

2,079

2,171

4,250

82%

Note: *interns, professionals with a specific contract, on leave for 6 months or more and hired/employed after 5/1/23 do not receive a performance evaluation.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 50

Talent programming

01 Presentation
02 KPMG
03 Governance
04 People

The Workforce Planning structure works together with leaders in each area to meet
all the demands and particularities of our clients, generating coherent and accurate
information through our systemic indicators and the system called People Plus.
The objective is to ensure the appropriate use of our professionals. This structure isdesigned to serve, in a dedicated manner, the Audit, Tax and Advisory areas and eachof our regions.
In FY2023, new features of the People Plus system came into operation, aiming forcontinuous evolution, enabling integrations with other Firm systems, providing more
information for adequate management and aiming for balance in the commuting ofour people and the way we work.

05 Planet
06 Prosperity
07 References

Proportion of base salary of women in relation to men* GRI 405-2

08 Indices

FY2023Category
Technical

FY2022

FY2021

Administrative Technical

Administrative Technical

Administrative

Interns

1.00

1.00

1.00

1.00

1.00

1.00

Trainees

1.00

1.00

1.00

1.00

1.00

1.00

Staff

0.95

0.94

0.93

0.91

1.02

0.93

Managers

0.92

0.92

0.93

0.93

0.98

0.93

Partners

0.95

0.83

0.96

0.90

0.91

0.98

Average

0.94

0.94

0.94

0.94

0.99

0.94

Examples for interpreting FY2023 data:
Technical Team:• Interns: 1.00 - means that the woman’s basesalary is 100% of the man’s base salary, thatis, equal.
• Staff: 0.95 means that a woman’s basesalary is 95% of a man’s base salary, that is,
it is 5% lower.

Notes: *Uses the average base salary for each category, by gender, and considers the woman’s salary/man’s salary ratio.
On July 3, 2023, Federal Law No. 14,611 was sanctioned, which provides for equal pay and remuneration criteria between men and women in the same functional
category and with the same responsibilities. The table above shows the salary ratio between men and women in the same functional category, but not with thesame responsibilities. The data was compiled using a simple arithmetic mean calculation to be in accordance with GRI standards. Therefore, such information does
not have the level of granularity necessary to demonstrate compliance with the equal pay Law, nor does it have this objective.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 51

Health and well-being
01 Presentation

Protect the health of our people — both physically andmentally — and enable them to be effective and productive

02 KPMGGRI 3-3

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Occupational health and safety (OSH) GRI 403-1
The Safety Labor and Occupational Health area
is responsible for managing occupational risks
through the health management system of thehealth and safety service provider (SOC) andfor integrating occupational health and healthassistance data through Business Intelligence (BI).

Since all professionals, from young apprentices
to partners, carry out administrative activities
with the same risk level, it is possible to promotecompliance with technical requirements andpreventive actions, covering not only KPMG’s
offices in Brazil, but also clients’ premises.

OSH management meets all legal requirements
applicable to KPMG, such as regulatory standards
NR-1 (general provisions and occupational risk
management), NR4 (SESMT), NR5 (CIPA), NR6(PPE), NR7 (PCMSO) , NR-9 (evaluation and controlof occupational exposures to physical, chemical andbiological agents), NR17 (Ergonomics), NR23 (fireprotection), E-social, CLT, technical instructions fromthe Fire Department, ordinances and procedures
defined by the Ministry of Labor and Employment(MTE) and technical requests from clients. The
process is based on academic methodologies,
such as the PDCA cycle, continuous improvement
processes, meetings between SESMT, CIPA andoccupational health and safety providers and market
experiences and practices.

The Firm has a multidisciplinary health and safety
team made up of a consultant physician, an
occupational health physician, an occupational
health professional, a social worker, a nursing
technician and two safety technicians. During2023, this team boosted already implemented
campaigns, such as the one aimed at pregnant
women, and started new well-being and mental
health campaigns, described below.

2023 KPMG Sustainability Report in Brazil

The Firm has a multidisciplinary healthcare team.
KPMG: Our Impact Plan 52

Mental health in focus

01 Presentation
02 KPMG

Since FY2022, KPMG has adopted new hybrid work practices and is committed
to managing professionals’ workloads in a more balanced way. We continuallyseek to create a healthy work environment for each individual and identify
practices that contribute to improving the mental well-being of our professionals.
One of the Firm’s initiatives in this regard was the implementation of short
Fridays, which are opportunities for our employees to recharge their energy.

03 Governance
04 People
05 Planet
06 Prosperity

Still in 2022, KPMG Global dedicated an episode of its international podcast
channel to this issue focused on insights and opinions from world leaders.
In this episode, the central topic covered was mental health in the corporate
environment, including an interview with Bill Thomas, CEO of KPMG Global,
who highlighted the company’s efforts to take care of its employees andlisten to their concerns and questions in the last years. He also presented
examples of solutions applied by KPMG branches around the world.

07 References
08 Indices

At KPMG in Brazil, we offer our professionals and their dependents a
multidisciplinary psychological or social support service to deal with emotionaldifficulties and receive guidance to overcome problems. The service is provided
with complete confidentiality, security and professional ethics, ensuring theprivacy and well-being of the user. The initial screening is carried out by a social
worker, who identifies the person’s needs and directs them to a specialist,
depending on the case. The service operates 24/7 to ensure our employees haveaccess to the support they need at any time.
In FY2023, the Health Management and Benefits Circuit included meetings on
mental health. A lecture led by the Firm’s physicians covered important topics
on this theme, such as the current mental health scenario in Brazil, triggers ina corporate environment and first aid in this field. The objective was to create a
support network for those who are experiencing emotional problems and reducemisinformation on the subject.

2023 KPMG Sustainability Report in Brazil

Ergonomics actions and flu vaccination andawareness campaigns on women’s whole health,
prostate cancer and traffic safety were also carriedout, in addition to mandatory training on work safety
and occupational health, among others.

Other health actions GRI 403-1 • GRI 401-2• #gestação&health program: KPMG pregnant
women program for beneficiaries and dependents
with exemption from co-participation for prenatal
care and for newborns up to 1 year old.
• Dr. KPMG 0800: 24-hour service and medical
consultations via videoconference.
• Nutritional coaching: guidance on adopting better
eating habits and qualitative diet options for ahealthier and more balanced diet, available fromDr. KPMG 0800.
• Sports coaching: support from physical fitness
experts to provide guidance on practicing sports
and adopting healthier habits, available throughDr. KPMG 0800.
• 2nd medical opinion: evaluation by a medical teamwith national and international experience to review
diagnoses and treatments, elucidate questions
and offer alternatives and new recommendations,available through Dr. KPMG 0800.
• EAP: 24-hour social support, psychological help
and assistance program.
• KPMG BeHealthy: intranet page with content on
health and well-being produced with support from
KPMG’s medical area in Brazil.
• Benefits and Health Management Fair: event heldin September 2023 to provide guidance on thebenefits offered by the Firm, focusing on care andmental health.

KPMG: Our Impact Plan 53

Benefits* GRI 401-2

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

KPMG in Brazil offers more than 20 benefits to its professionals.
The main ones are:
• Gym
• Health care
• Dental care
• Daycare allowance (for female professionals and male
employees who have sole custody of the child)• Wedding corporate gift
• Birth corporate gift
• Check Up (for partners and partner directors)• Pharmacy Agreement• Payroll loan
• Parking• Gympass• Incentives for undergraduate and graduate courses (managers
and senior managers)• Language incentives• Financial incentive for professionals fluent in English• Kfleet (vehicle for managers and senior managers)• Profit Sharing Program (PPL) (managers and senior managers)• Traditional PPL• Private Pension• Life insurance• Short Friday**• Trade Association subsidy• Food voucher• Meal voucher• Transportation ticket• End-of-year gift
• Children’s Day gift***

Parental Leave GRI 401-3
As part of the Empresa Cidadã program, KPMG in Brazil grants 6 months ofmaternity leave and 20 days of paternity leave to professionals. All professionals
with an active CLT contract are entitled to paternity leave.

FY2023Return Rate

FY2022

Women

Men

Women

Men

Total number of
employees who tookmaternity/paternity leave

136

74

140

62

Total number of
employees who returned
from leave

80

69

96

61

Total number of
employees expected toreturn

82

70

102

62

Return to work rate of
employees who tookmaternity/paternity leave

97.5%

98.5%

94.1%

98.3%

Total employees returningfrom leave in FY2023

96

61

64

51

Total employees retained
12 months after returningfrom leave

70

39

46

36

73%

64%

72%

71%

Retention Rate

Retention rate

Notes
* Benefits may vary according to category/function.
• KDSC professionals are not eligible for education-related benefits: graduation; postgraduate;
languages; fluency additional; trade association subsidy.
• For parking, categories from manager to partner are eligible. In the Rio de Janeiro office, only frommanager.
** Up to 12 per year are allowed, calculated according to the date of joining the Firm.
*** For all children of professionals under the CLT regime who are up to 10 years old.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 54

Skills for future employability
and creation of jobs and value
01 Presentation
02 KPMG

Develop a continuous learning culture

03 Governance

GRI 3-3

04 People
At KPMG in Brazil, we maintain a continuous learning environment so that we can
exceptionally develop our talents and always deliver the best, be prepared to deal
with market uncertainties and fuel the attractiveness of our brand.

05 Planet
06 Prosperity

Trainings in 2023 GRI 404-1

07 References

In FY2023, KPMG training in Brazil was provided on the following platforms:

08 Indices• GLMS: KPMG’s main learning platform, with global management, better user
experience and integration with other KPMG systems. Here are the company’s
main training courses.
• LinkedIn Learning: license available to all KPMG professionals, who can takeadvantage of the huge catalog with training on the most varied topics.
• Kaltura: global platform with channels and tracks for the most varied topics and training.
• Pluralsight: offers diverse technical and technology content.
New leadership programs were also launched, such as Mind Hacking, Mindset
Talks and Innovation Academy, and there was an adjustment to the global training
curriculum for Audit trainees.
Furthermore, in FY2023 a 28-hour program on ESG was held for all Advisory staff.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 55

01 Presentation

R$ 17.1
millionInternal controls are carried out to indicatecompliance and verify conformity with the mandatory
training required for professionals to work, such as
Audit Core Training programs, onboarding training(technical and general) and Ethics and Integrity, in
addition to regulatory bodies (ISQM1, PCAOB, CRC
and RCC).

Investments inlearning anddevelopment

02 KPMG
03 Governance
04 People

Average hours of training per year, peremployee/partner GRI 404-1

Men

05 Planet
06 Prosperity

Operation

07 References
08 Indices

Category

Average

Total hours
undertaken

Average

Overall
Total
employees/
partners

Total hours
undertaken

Average

Interns

47

4,100

87

31

2,436

78

78

6,536

83

232

43,664188

288

56,855197

520

100,519

193

1,100

107,920

98

1,215

112,882

92

2,315

220,803

95

Managers

472

39,31783354

31,41488

826

70,732

85

Partners

310

21,848

70

97

8,072

83

407

29,92073

Technical
subtotal

2,161

216,851

100

1,985

211,661

106

4,146

428,512

103

-

-

-

4

159

39

4

159

39

40,851

74824

61,31674

Interns

Administrative

Total hours
undertaken

Women
Total
employees/
partners

Trainees
Staff
Technical

Total
employees/
partners

Staff

272

20,46475

552

Managers

42

3,276

78

80

8,153

101

122

11,43093

Partners

60

4,508

75

34

2,904

85

94

7,413

78

Subtotal
Admin

374

28,24975

670

52,06977

1,044

80,31976

2,535

245,101

96

2,655

263,730

99

5,190

508,832

98

Total

Note: in FY2023, 17 professionals (9 men and 8 women) did not undertake training due to leave or mobility. The total number of employees in this table considers all people who took this training in FY2023, including voluntary and involuntary departures in the period.
Therefore, the number is greater than the company’s total number of professionals on September 30, 2023, the closing date of FY2023.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 56

Development programs for partners
and managers
Programs for partners
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

ParticipantsParticipants

Online training focusing on Sustainability,
Social and Environmental Responsibility,
Diversity and Inclusion

Innovation Academy

373

Mind Hacking

629

Mindset Talks

106

Artificial Intelligence Program

311

Tax Talks

95

Disseminators

265

Mind Hacking

86

Mindset Talks

208

KDN Aceleration*

50

Tax Talks

178

Total

Disseminators

24

Know University

21

Leadership and Innovation for
new managers (Speed Up)

176

Note: professionals who undertook more than one training were not considered.

Book Club14

Know University

79

Lumen Talk

12

06 Prosperity
Note: *new in FY2023.

07 References
08 Indices

Programs for managers

Leaders participating in training in FY2023:

423

partners and870

KDN Aceleration*76

Female Leadership

57

Lumen Talk

38

Book Club37

FY2023

FY2022

FY2021

2,504

3,758

1,972

Note: *new in FY2023.

managers.

Total hours per training methodology
Methodology

FY2023

FY2022

FY2021E-learning

244,989

154,736

180,926

External

68,043

173,421122,251

In-person/live streaming

195,799

270,472

249,491

Total (hours undertaken)

508,832

598,631552,6682023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 57

01 Presentation
02 KPMG

Planet03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Reducing our impact on the environment to protect ecosystems
GRI 2-25 • GRI 3-3

The accelerated pace at which natural resources are being exploited puts increasingly alarming pressure on the planet,generating significant impacts on economies, development and the well-being of urban and rural populations. Given this
scenario, it is imperative and urgent that companies, governments and society adopt practices that ensure the reductionof greenhouse gas (GHG) emissions, which cause an increase in the planet’s temperature, and begin a transition to a lowcarbon, regenerative, circular and inclusive economy.
KPMG in Brazil works on several fronts to raiseawareness and reduce environmental impacts,
focusing on reducing the impact on ecosystems,
managing the use of natural resources, as well as
reducing the production of waste and gas emissions
that cause the greenhouse effect.
In addition to implementing actions to reducethe consumption of natural resources and thegeneration of waste, with the aim of minimizing ourenvironmental impact, we are globally committed toachieving net carbon emissions neutrality by 2030
(based on year 2019). We are also analyzing strategies

2023 KPMG Sustainability Report in Brazil

to deal with challenges such as climate change,
water pollution, deforestation and loss of biodiversity,
especially considering the impacts arising from our
projects and activities.
We also seek to actively support our clients intransforming their businesses and supply chains,
aiming to minimize their environmental impacts andintegrate climate risk management into corporate
strategies.

We analyze strategies todeal with challenges suchas climate change, waterpollution, deforestation andbiodiversity loss.
KPMG: Our Impact Plan 58

01 Presentation
02 KPMG

Climate change anddecarbonization
Reduce emissions by 50% by 2030

03 Governance
GRI 3-3

04 People
05 Planet
06 Prosperity
07 References
08 IndicesIn 2020, KPMG made a global commitment toestablish a target aligned with the 1.5°C limit for theincrease in the planet’s temperature, as stipulatedby the Paris Agreement. This goal, officially validated
by the Science Based Target Initiative (SBTi) in 2021,
establishes that we must achieve carbon neutrality
by 2030 (based on the year 2019).
The assessment and management of risks related toclimate change are addressed by governance bodies.
These risks, like others, are identified through theEnterprise Risk Management (ERM).
To learn more about our governance structure,click here. Specific information about the ERM
is available here.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 59

In addition to these actions, since 2014 we haveneutralized all of our GHG emissions. Currently,
the strategy for purchasing carbon credits for thisneutralization is in the process of being reviewed,
aiming to align with best market practices. In 2023,
we maintained our adherence to the Brazilian GHG
Protocol Program, started in the previous year, and wereported our 2022 base year inventory in the Public
Emissions Registry, with the aim of obtaining the gold
seal (inventory verified by a third party). In 2024, we arestill discussing adherence to the GHG Protocol, for the
publication of the inventory with data from 2023.

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References

Greenhouse gas emissions in Brazil
GRI 305-1 • GRI 305-2 • GRI 305-3 • GRI 3-3

08 Indices
KPMG in Brazil, following the Firm’s global
guidelines, is committed to becoming net zerocarbon by 2030. Some goals were set to achieve
this commitment: cutting greenhouse gas (GHG)
emissions by 50% in relation to our emissions in
2019, reduce emissions associated with corporate
travel carried out using fossil fuels by 50%, eliminate
the use of disposable plastic, use energy fromrenewable sources in our offices and for our mobility,
adopt the principles of the circular economy inrelation to waste and implement the internal price ofcarbon.

Emissions reduction initiatives
in FY2023
The electricity consumed in all our offices
comes from renewable sources, proven throughthe International REC Standard (I-REC) – a
global system for tracking environmental energy
attributes – and a renewable source energy
certificate (Belo Horizonte office).
Document transport is carried out by electricpowered motorcycles, an initiative implemented
in 2022.

In FY2023, KPMG in Brazil changed the reporting period
for its emissions. Until the previous cycle, the calendar
year was used (January to December). From this cycle
onwards, the Firm’s fiscal year will be considered (startingon October 1st and ending on September 30th of thefollowing year). To readjust emissions for the 2021-2022
fiscal year in order to obtain historical emissions anddata comparability, we reformulated our last reported
inventory, which will be presented in the following table.
Scope 3 greenhouse gas emissions suffered a
substantial increase due to the change in the calculation
methodology for the Purchased Goods and Services
category. Until the previous fiscal year, the Quantis
Platform was used, which was discontinued in August2023. The methodology now adopted is in accordancewith KPMG Global, following a tool provided by theorganization that considers CDP emission factors.

The Firm maintains a policy of reducing
the generation of non-recyclable waste
in all its offices.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 60

Greenhouse gas inventory - KPMG in Brazil GRI 305-1 • GRI 305-2 • GRI 305-3 • GRI 3-3

01 Presentation
02 KPMG
03 GovernanceCategory

Breakdown

FY22-23

FY21-22*

Representativeness

Variation

Mobile combustion

Rented fleet (operational control):business trips (KFLEET benefit) paid
by KPMG.

95.34

91.35

0.34%

4%

Return to travel, technical visits and face-to-face meetings with clients
after the pandemic

Stationary combustion

Diesel consumption in generators at
the São Paulo office, in Morumbi

0.04

1.04

0.00%

-89%

Morumbi only consumed until November 2022, as the office was closed
later, which reduced the consumption of own generator.

Fugitive emissions

Fire extinguisher refills and refrigerantgas consumption

17.49

6.19

0.06%

183%

The increase is due to the adjustment in the accounting of extinguishers,considering dry chemical powder (PQS).

112.87

98.58

0.41%

15%

91.87

159.12

0.33%

-42%

-

-

0.00%

0%

91.87

159.12

0.33%

-42%

946.21662.093.42%

43%

Return to travel, technical visits and face-to-face meetings with clients
after the pandemic

Total Scope 1 (tCO2e)
Non-renewable electricity

Energy consumption of all offices in
Brazil (Grid + Verbo Divino generator)

Renewable electricity

Consumption of solar renewableenergy in the BH office andacquisition of I-RECs in the otheroffices04 People
05 Planet
06 Prosperity
07 References
08 IndicesTotal Scope 2 (tCO2e)

Observations

With the exception of generators, the electricity consumed by KPMG iscurrently mostly renewable. The reduction in the GRID emission factor in
2022 also contributed to the decline in emissions.

95% of offices have I-RECs. The one in BH does not have I-REC. However,
it is certified that the energy consumed is from solar source.

Business travel (land)

Travel by own car, Uber/taxi and rental
cars

Business travel (air)National and international

1,789.92

1,235.37

6.46%

45%

Return to travel after pandemic

Hotel accommodation

National and international

657.00344.02

2.37%

91%

Return to travel after pandemic

Upstream transportation anddistribution

Transport of material (road andair) over longer distances (usually
between branches)

22.49

30.04

0.08%

-25%

The reduction between fiscal years was due to lower spending on
suppliers.

Purchased goods andservices

14 categories of goods and services
purchased by KPMG

The substantial increase in emissions in this category is due to the change
in the calculation methodology. Until the previous fiscal year, the Quantis
Platform was used, discontinued in August 2023. The methodology now
adopted is in accordance with KPMG Global, following a tool provided by theorganization that considers CDP emission factors.

24,079.66

16,294.22

86.93%

48%

27,495.28

18,565.74

99.26%

48%

30.27

32.03

-

-5%

27,700.02

18,823.44

5,049

5,976

TOTAL PER CAPITA (tCO2e/nr of employees)

5.49

3.15

Variation FY22 x FY23

47%

Total Scope 3 (tCO2e)Montreal Protocol: HCFC 22(tCO2e)Air conditioning

TOTAL EMISSIONS
Total number of employees/partners

2023 KPMG Sustainability Report in Brazil

HCFC-22 (R22) refills carried out in the Cuiabá and Joinville offices,which did not occur in 2022. Although the refill volume in the Salvador
office was higher, there was no refill for other offices, maintaining theapproximate value between the years.

*Disclaimer: For FY2021-2022, the analyzes of some categories were as consolidated data.** As the data was not presented month bymonth and/or broken down by year, we considered the consolidated data in the GHG base year 2022 tool to be conservative in emission
factors.
**Consolidated data: mobile combustion (KPMG own car only); fugitive emissions; hotel accommodations; purchased goods andservices; business travel (land).
Notes:• The gases included in the report were: CO2, CH4, N2O, R410a and R22.
• Biogenic emissions totaled 23.31 tCO2e in Scope 1, 0.64 tCO2e in Scope 2 and 231.4 tCO2e in Scope 3.
• The base year of KPMG’s inventory in Brazil was changed in this report to reflect the Firm’s fiscal year, thus aligning the inventory with its
disclosed revenue. Thus, FY2023 encompasses the period from October 1, 2022 to September 30, 2023.
• Methodologies and calculation tools adopted: Brazilian Program - GHG Protocol v.2023.0.3; average gasoline price - ANP-2023 (historicaldata); Defra Conversion Factors 2023: full set (for advanced users); CDP emission factors.
• The approach to consolidating emissions was “Operational Control”.

KPMG: Our Impact Plan 61

Eco-efficiency goals

01 Presentation

KPMG in Brazil has local eco-efficiency goals, which involve reducing the amountof printing and consumption of paper, plastic cups, electricity and water. The
objective of these goals is to inspire the adoption of more sustainable habits in
our facilities and in the personal lives of our professionals.

02 KPMG

Evolution of eco-efficiency targets in 2023

03 GovernanceItem

04 People
05 Planet
06 Prosperity
07 References
08 Indices

Disposable plastic cups (un.)

Quantity Variation FY2022 x FY2021
2,000

100%

Paper cups

653,660*

138.3%

Paper (sheets)

784,000

49%

Prints (sheets)

360,252**-56%

Water (m³)***

7,492

3%

2,409,922-4%Electricity (Kwh)****

Notes:The variations in consumption in all items are due to the return of professionals to the offices and the move to Verbo Divino’s new
headquarters.
* As of FY2023, cups used in KPMG coffee machines in Brazil also started to be counted, which were previously supplied by thecompany that provides this product as part of the consumption contract at no additional cost.
** The reduction in the number of prints is due to the cancellation of the contract with the previous supplier, which stopped
presenting printing management reports between October and December 2022. Furthermore, the new supplier only started
operating from March, 2023. Thus, KPMG was left without internal printing services from January to February of this year.
*** Water consumption is only recorded in the RJ and SP offices, which concentrate the Firm’s largest and most significant
operations.
**** The consumption of the generators used at the Verbo Divino (SP) unit was also considered. This consumption falls into Scope
2 of our inventory, considering the purchase of fuel used.

In relation to waste generated in our offices, we hire specialized and approved
companies to carry out correct disposal, with delivery of documentation, ofbatteries, electronic waste and documents. GRI 306-2
In addition, KPMG’s new headquarters building in Brazil has the Leed Green
Building gold level certification, and KPMG has silver level and Fitwel certification.
This category attests to the optimization of energy and water consumption, a solid
waste treatment policy, landscaping that reduces heat, the use of less harmful
refrigerant gases and the use of energy from sustainable sources, among otheraspects. GRI 306-2

Internal Carbon Price
KPMG, in an action on a global scale, began the implementation of the Internal
Carbon Price (ICP) in FY2023. This voluntary initiative highlights the company’scommitment to the transition to a low-carbon economy. Furthermore, it reinforces
the commitment to achieving the goal of “Net Zero Carbon” by 2030, encouraging
reflection on the importance of changing attitudes in favor of society and the planet,
while mobilizing resources to improve environmental performance.
In Brazil, the internal carbon price is being applied to direct emissions from own
vehicles, the KPMG fleet, energy consumption and corporate travel. From 2023
onwards, the areas or cost centers responsible for these emissions are subject to the“polluter pays” principle, paying the corresponding carbon tax (ICP). This cost must beforeseen in the budget of each area.
The proposal of the initiative is to encourage reflection and change of attitude.
Therefore, in this first year, the focus is to make teams aware of the environmental
impact of their choices and engage all employees in reducing non-essential travel,
contributing to the transition to a low-carbon economy. The resources raised will bedirected to projects that improve environmental performance, covering areas suchas renewable energy, circular economy, carbon neutralization and preservation of
biodiversity in local communities.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 62

Climate risk
01 Presentation
02 KPMG

Give the capital markets, our clients and our leaders clear,comprehensive and high-quality information on the impactsof climate change

03 Governance

GRI 2-25| GRI 3-3

04 People

KPMG’s positioning in Brazil for climate change
follows the global commitment Our Impact Plan,
which establishes the responsibilities of all member
firms in ESG issues, with the intent of generating
value and an even greater positive impact for theplanet, transforming insights into opportunities topromote responsible growth and ensure a healthysociety and planet for generations to come. We
work together with companies, governments andstakeholders to help the world transition to netzero in a fair and equitable way. This will require
collaboration, innovation and a willingness to invest in
the future of the planet.

05 Planet
06 Prosperity
07 References
08 Indices

As a global organization and service provider,
we have a responsibility to assess the impactof our operations and play our role in the global
decarbonization effort.
Our decarbonization goals are aligned with theParis Agreement’s 1.5°C target, with a goal of
decarbonizing our business by 50% by 2030,
compared to our FY2019 baseline.

2023 KPMG Sustainability Report in Brazil

The governance of this topic is under the leadershipof the Firm’s chairperson, advised by the ESG
Committee, a body focused on evaluating andaddressing climate risks.
Climate risk refers to how we assess theconsequences, likelihood and responses to theimpacts of climate change and how we as a company
will adapt to meet these challenges. This includes
our entire value chain, from how we work with our
suppliers to the services we deliver to our clients.

Our decarbonization goals are aligned with the 1.5°C targetof the Paris Agreement, with a goal of decarbonizing ourbusiness by 50% by 2030.
KPMG: Our Impact Plan 63

Nature and biodiversity
01 Presentation

Understand and improve our impact
on nature and biodiversity

02 KPMG
03 Governance

GRI 2-25 • GRI 3-3 • GRI 303-1 GRI 304-2

04 People
05 Planet

Our efforts to protect biodiversity and ecosystems are related toreducing emissions and the generation of non-biodegradable waste in
our operations and supporting society’s actions.

06 Prosperity
07 References

In addition, we will begin a survey on the impact on biodiversity andecosystems of the projects we develop to our clients.

08 Indices

We implement actions to reduce theconsumption of natural resources andthe generation of waste, with the aim ofminimizing our environmental impact.
2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 64

01 Presentation
02 KPMG

Prosperity

03 Governance
04 People

Conducting business practices based on purpose and on good corporate citizenship
GRI 2-25 • GRI 3-3

05 Planet
06 Prosperity
07 References

Creating deeper connections with the people and communities we interact
with is part of our purpose. With a legacy based on trust and the defense of
the public interest, we direct our attention to the issues of greatest relevanceto clients and stakeholders.

08 Indices
In Brazil, with more than 5 thousand people working in 10 states and theFederal District, we realize our role and our responsibility in building a betterworld and engaging our community of professionals to be agents of positivechange in the country.
The services we provide not only help the businesses and organizations
we serve, but also foster comprehensive economic growth and prosperity
across society.

2023 KPMG Sustainability Report in Brazil

We recognize our role andresponsibility in building abetter world and engaging ourcommunity of professionals tobe agents of positive change
in the country.

KPMG: Our Impact Plan 65

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

KPMG in Brazil generates positive social and economic
impacts in several ways. Firstly, through our businessactivities: through the Audit and Tax areas, we collaborate
to ensure that business is carried out in a fair andtransparent manner; through the Advisory area, we help
our clients become more effective and resilient in the faceof current and future challenges and opportunities.
In addition, we offer jobs to professionals of the mostvaried levels of technical training, provide continuous
training to all of them and hire a variety of services
throughout Brazil, among other factors. And we also
contribute to wealth generation by supporting the workof civil society organizations that focus on education andassistance to vulnerable populations.

06 Prosperity
07 References

As we prosper, we expand our ability to strengthen thecommunities in which we operate.

08 IndicesSocial and economic impact
Wealth generation
GRI 3-3

As we prosper, we expand our ability
to strengthen the communities inwhich we operate.
2023 KPMG Sustainability Report in Brazil

In FY2023, despite a complex and challenging scenario, we maintained
our positive results: our revenue was R$2 billion, 2.5% higher than theprevious cycle.

KPMG: Our Impact Plan 66

Added Value Statement (in millions of reais)
GRI 201-1 • GRI 203-1

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

2023

2022

2021

Direct economic value created

R$ 2,057.5

R$ 2,007.9

R$ 1,759.3a) Revenues

R$ 2,057.5

R$ 2,007.9

R$ 1,759.3

Gross sales

R$ 2,055.5

R$ 2,005.5

R$ 1,748.1

R$ 2.0R$ 2.3

R$ 11.3

R$ 0

R$ 0.1

R$ 0

R$ 1,655.6

R$ 1,592.9

R$ 1,393.4

R$ 399.0

R$ 342.1

R$ 375.4

R$ 275.2

R$ 230.8

R$ 277.3

R$ 0

R$ 0

R$ 0

Royalties

R$ 66.2

R$ 54.4

R$ 51.0

Facilitating payments

R$ 57.6

R$ 56.9

R$ 47.1

R$ 817.9

R$ 819.0

R$ 649.0

R$ 817.9

R$ 819.0

R$ 649.0

R$ 28.2

R$ 26.5

R$ 14.3

R$ 28.2

R$ 26.5

R$ 14.3

R$ 407.2

R$ 400.6

R$ 351.7

R$ 407.2

R$ 400.6

R$ 351.7

R$ 3.3

R$ 4.6

R$ 2.8Voluntary contributions (including pro bono) to social, environmental and cultural projects

R$ 3.3

R$ 4.6

R$ 2.8Contributions to social, environmental and cultural projects under Tax Incentive Laws

R$ 0

R$ 0

R$ 0

R$ 401.9

R$ 415.0

R$ 366.0

Income from financial investments
Asset sales

Economic value distributedb) Operational costs
Payments to suppliers
Non-strategic investmentsc) Employee wages and benefits
Total payroll for employees (current payments)d) Payment to providers of capitalInterest Payment to financial institutionse) Payments to the government
Gross taxesf) Investments in the community

Accumulated economic value
GRI 201-4

2023

2022

2021

Total monetary value of financial support received by the governmentorganization during the reporting period

R$ 5.6

R$ 5.9R$ 8.0Tax benefits and tax credits

R$ 5.6

R$ 5.9R$ 8.02023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 67

Employment

By officeGRI 2-7 • GRI 3-3

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices5,049*

professionals-16% FY2022***CLT employees, partners, interns and temporary workers** Reflects the adjustments and adaptations made to improvethe efficiency and accuracy of the Firm’s deliveries

3,349
635
1,065

Officein São Paulo
Genderin Rio de Janeiro
Agein other cities

By employment relationship

4,464
507
77
1

employees hired under
the CLT regime

partners

interns

temporary worker(To see the complete
tables, click here).

Relatório de Sustentabilidade KPMG no Brasil 2023

By work schedule

4,913
136

RegionTerminations

TurnoverSão Paulo

38.4%

53.1%

12%

Rio de Janeiro

4.5%

8.4%

1.7%

Other units

57.1%

38.5%

13.4%

Men

54.2%

53.3%

14.6%

Women

45.8%

46.7%

12.5%

Up to 30 years

63.6%

65.4%

17.4%

31-50 years

34.6%

33.8%

9.3%

+ 51 years

1.8%

0.8%

0.4%

North

0.4%

1%

0.2%

Northeast

0.7%

2.1%

0.4%

Midwest

50.9%

15.5%

9.9%

South

2.5%

7.1%

1.2%

Southeast

45.4%

74.2%

15.5%

Hire
rate

Termination
rate

Turnoverrate

31.93%

22.20%

27.06%

full timepart time

Hires

Total FY2023* Termination and turnover rates only consider voluntary dismissals.
* Other units cover the regions of Belo Horizonte, Brasília, Campinas, Cuiabá, Curitiba, Fortaleza, Londrina, Manaus, Porto
Alegre, Recife, Ribeirão Preto, Salvador, São José dos Campos; digital offices in Passo Fundo, São José do Rio Preto and Vitória;coworking in Goiânia, Joinville and Uberlândia.

Turnover GRI 401-1

Variable pay

Our sector has a high turnoverrate of professionals due to new
development opportunities. In
FY2023, our turnover rate showeda reduction compared to theprevious cycle, because there was aconcentration of hires in FY2022.

KPMG in Brazil maintains a Profit-Sharing Program (PPL) aimed at all professionals
hired under the CLT regime (indefinite period), in accordance with the policy forachieving goals and eligibility.

GRI 401-2 • GRI 2-19 • GRI 2-20 • GRI 2-21

Since FY2022, we have maintained the Managerial PPL, aimed at managers andsenior managers as another element of retaining our talents. Professionals whocomplete the performance cycle within the fiscal year, obtaining a rating of 1, 2 or
3 in the Year End, will have an additional multiple that will be paid in 2026, and soon, always subject to a grace period of 4 years.

KPMG: Our Impact Plan 68

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesInnovation for
better products
and services
Innovation and technology
GRI 3-3

At KPMG in Brazil, we make integrated use oftechnologies and our vast experience in our clients’businesses and the markets in which they operate
to develop high-impact projects that combine
management and innovation, supporting all phasesof their digital transformation journey. And always
with our professionals at the center of this process.
As we point out in our global technology manifesto,
Make the Difference, it is people who make all thedifference on this journey.
Under the leadership of the Innovation Committee, KPMG
is expanding its technical and operational capabilities
through AI-supported digital transformation to finance,
legal, marketing, human resources (HR) and other areas.

Recently, Keeper began offering users a secure accessmodule to ChatGPT that enables document analysis,
creation of codes and applications, drafting of contracts
and development of various content. All of thesefeatures have contributed to increasing the efficiency ofour professionals on several fronts, whether in day-today operations or with our clients.
Keeper usage data:• In three years, Keeper has received more than
5 million questions.
• On average, 4,500 people use the tool on a daily basis.
• Before integration with ChatGPT, Keeper received
an average of 150 thousand questions per month;after the inclusion of generative AI functionality,
this number rose to 200 thousand per month –a growth of approximately 33%.
• Keeper has a reported user satisfaction rate of 93%.

In this sense, we have invested in three fronts:

1. Technology
Consistent global cloud-based platforms using
generative artificial intelligence to drive quality
service delivery and new business solutions andservices tailored to each client’s needs.

2. People
Increasing the digital skills of KPMG’s global
workforce and expanding talent in areas such asdata science and digital architecture. After all,what transforms data into value is insight, that is,
the ability to analyze and interpret this data to help
influence decisions and drive change.

The first point worth highlighting is KPMG’s AI chatbot,
known as Keeper. In operation for four years, the tool
fulfills several purposes, such as translating texts,
opening tickets, monitoring projects, monitoring
performance reviews, scheduling and team hours,
requesting vacations, checking payroll, among hundredsof others automated functionalities.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 69

Courses focused on innovation(Journey to Digital)

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesTax Academy
Number of participants: 401
Total hours: 4,984
Audit Academy (KCw Methodology)
Number of participants: 1,743
Total hours: 50,436
Innovation Academy
Number of participants: 417
Total hours: 1,687
KDN Aceleration
Number of participants: 300
Total hours: 5,174
AI Training
Number of participants: 327
Total hours: 1,375
Lumen Talk
Number of participants: 138
Total hours: 560

3. Innovation
Expanding the range of digital offerings andpossible work with the support of our diverse
ecosystem of strategic alliances and our global
innovation network.

2023 KPMG Sustainability Report in Brazil

Innovation in Audit GRI 3-3
To raise the level of quality and consistency of audits, constant innovation isessential. Therefore, in the disruptive and hyper-competitive market in which we
operate, our strategic choice has been to combine the best talents with the useof cutting-edge technologies to deliver high-quality audits that achieve greater
depth, agility and transparency in insights into risks reported to clients.
As we invest in new technological tools and resources, we are committed toequipping our professionals with the knowledge and confidence they needto fully embrace the opportunities that innovation offers. Our teams have ondemand access to training and guidance whenever and wherever they needthrough knowledge trails available on online platforms and apps accessible onsmartphones.

KPMG Clara
It is our global automated, agile, intelligent and scalable audit platform,
which takes the quality of our deliveries to a new level by allowing effective
management of workflows. Launched in 2017 as a Big Four pioneer, the platform
continues to be enhanced to accommodate evolving security demands, further
integrate existing audit applications, and develop new capabilities to digitize
additional audit processes. A focus on innovation is a strategic imperative at
KPMG Clara, resulting in enhanced capabilities.
In 2023, KPMG International launched a globally consistent workflow aligned with theexecution guide for assurance work, which includes ESG, among other topics. The
assurance workflow takes advantage of the intelligent KPMG Clara platform, includes
existing resources and a navigation tree with a simplified structure of modules andactivities. This provides a consistent user experience and drives innovation, enabling
the integration of new and innovative solutions to expand KPMG›s assurance and
ESG propositions in the future. This workflow is already used at KPMG in Brazil.

KPMG: Our Impact Plan 70

Audit Technology and Innovation (ATI)

01 Presentation
02 KPMGIn Brazil, our ATI area, connected to the Innovation & Enterprise Solutions (I&ES)
Committee, leads audit innovation processes, developing new digital assetsthat have been adding quality, consistency and efficiency to our audits, creating
an exceptional experience for the client and building a culture of continuous
learning and process improvement. With a multidisciplinary approach and market
knowledge, we use innovation to respond to local digital transformation needs,
complementing the global innovation strategy.

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Our objective is to leverage the experience of the auditor and our clients in an
increasingly agile, safe and technological process, always focused on quality
and consistency. To this end, the Audit area, through ATI, invests in innovation,technology and efficiency in all its processes.
On the Audit and Firm innovation fronts we have professionals with different
expertise, from developing the concept of new products, through businessdesign, product architecture, development, project management, approval,
deployment, maintenance to post-implementation support. Furthermore, we havecells specialized in Data & Analytics, which support audit teams in different ways.

Analytics tools

Automation• Alteryx• IDEA• KPMG Clara Advanced Capabilities• KPMG Clara Analytics - AI
Transaction Scoring• ATMS• Chrono• Cognitive• Confirmation
• FSR
• BSR
• ISR
• DataSnipper• IPA• Pricing Calculator• Document Reader• Drone &Object Detection• Audit Data Portal• Hyper Routines

Collaboration Tools• KPMG Clara collaboration• Subscription Portal

Workflow• KPMG Clara workflow

ATI follows the Firm’s global and local internal guidelines in its approval processes,
which are based on the KPMG Global Framework. Projects are approved annuallyby the I&ES group and the Audit Innovation Committee based on an investment
plan that takes into account audit automation priorities for each fiscal year and thetechnologies that need to be developed to achieve this objective.
Currently, the Audit area has a portfolio made up of global and market tools,
in addition to 13 technology solutions developed for use by auditors, totaling
approximately 120 audit procedures based on D&A, artificial intelligence, cognitivetechnologies, among others, such as detailed below.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 71

Innovation in Tax GRI 3-3
01 Presentation
02 KPMG
03 GovernanceWe remain focused on the objective of transforming
KPMG’s tax practice in Brazil and the tax areas ofcompanies in the market through innovation andtechnology.

04 People
05 Planet
06 Prosperity
07 References
08 Indices

Our global approach to Tax Transformation (#Powered
Tax Enterprise) includes six pillars (Governance,
Technology, People, Functional Processes, Data &Performance Insights and Service Delivery Model) to
help companies achieve their ideal operating model(Target Operating Model - TOM). This movement
follows a reality in which businesses need to be
more strategic, agile, connected, reliable, efficientand effective, making the role of the tax area evenmore relevant, but also being even more challenged.
We have worked on the design and execution ofthis transformation journey, combining our solid
technical knowledge in Tax and innovation tools
with the latest technologies and proprietary tools(KPMG Lighthouse) and those of business partners,
in addition to our experience and expertise inAdvisory projects. We further strengthened our open
innovation pillar, the Tax Innovation Hub, including
in our mapping numerous new solutions from theinnovation ecosystem formed by startups and othercompanies that offer technological solutions for Tax toprovide our clients with more complete solutions.

2023 KPMG Sustainability Report in Brazil

Following recent developments and taking advantage
of our global partnership with Microsoft, wehave incorporated the use of generative artificial
intelligence into our daily lives and helped ourcustomers understand how AI can bring operational
gains and competitive advantage, as well as theimportance of its safe and ethical use. In this sense,
we have worked to help companies update theirprofessionals’ knowledge and skills (reskilling andupskilling), contributing to a less harmful impact oftechnological advances on people’s employability.
We are increasingly noticing the importance ofhelping companies use data intelligently to makedecisions, especially when the data is available but
not easily accessible. Our sophisticated KPMG Tax
Digital platform, developed in a cloud environment,
enables the analysis of various data to improve
efficiency, reduce risks and identify tax credits.

We have also advanced in advisory related to theimplementation of tax solutions, calculation engines andother technological tax management and planning tools,
bringing technology even closer to Tax professionals.
We use intelligent automation and other advanced
technologies to enable the execution of specific tax
projects involving high volumes with quality, reliable
and agile execution. As an example, we can mention
our document and contract reader (OCR), a tool thatallows, among other actions, the crossing of constantdata of ancillary obligations, the development of specificplatforms to meet particularities of the project (such as
CAT-42) and the checking of tax rules in batches via APIs.
We have monitored the development of the longawaited Brazilian tax reform over the past year,
developing solutions that allow companies to prepare
and react to their tax and financial impacts in an
assertive and timely manner.

KPMG: Our Impact Plan 72

Innovation in Advisory GRI 3-3

01 Presentation

Changes in the business world have required constant adaptations, andconsultancies must be protagonists in this redesign. Market research indicatesthat clients tend to spend less on consultancies in the traditional model, butintend to invest in projects led by those that focus on implementing technology
and innovation, leveraging their business.

02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Everyone in the organization must incorporate innovation aspects into theirroutines, not just those allocated to technology areas. Considering this context,
KPMG’s Advisory area in Brazil has been conducting a series of innovation
initiatives within specialist areas (Deal Advisory, Consulting, RAS) with theorchestration of the Advisory Innovation & Transformation Office (AI&TO), our
ideation and governance unit of KPMG digital solutions.
Furthermore, through some fronts, KPMG in Brazil has been applying the conceptof Open Innovation, in which innovation goes beyond the borders of our Firm,seeking, through collaboration with other organizations – including clients,
startups, suppliers, business partners – and alliances, new ways of deliveringvalue to the market (see infographic).

Advisory
by Data

Generative AI| Alliances

KPMG Private
Enterprise Tech
Innovator

Scalability

Emerging
GiantsDistrict
Ecosystem

Innovation
Training ofleaders

PurposeBU’sForesight

Innovation
Forum

AI&TO

Everyone in the organization must
incorporate innovation aspects into
their routines, not just those allocated totechnology areas.
2023 KPMG Sustainability Report in Brazil

Lighthouse

Click on the buttons above to learn about each front, how they
communicate and how this orchestration contributes to the KPMG
brand being increasingly associated with innovation and technology.

KPMG: Our Impact Plan 73

Digital solutions portfolio advisor

KPMG ESG
Monetary
Valuation Tool

01 Presentation
02 KPMG
03 Governance

KPMG Watch(includes
ESG)

KPMG ESG
Research
Platform

KPMG Upright

04 People
05 Planet
06 Prosperity

KPMG TradingBook Brazil

SaaS solutions

07 References

KPMG Risk,
Audit & SOX
Tool

Enablers Solutions
HarvestCrop Monitoring
Single Validator

08 Indices

KPMG
Regulatory
Insight RoomKPMG Supply
Chain Finance

KPMG Maturity
Assessment
Platform Risks

Financial Risk Manager (FRM)
Assets Securitization
FRM Assets Solvency

KPMG Lean
Strategy
KPMG Closing
Monitor

Click on the buttons above to learn about each front, how they
communicate and how this orchestration contributes to the KPMG
brand being increasingly associated with innovation and technology.

2023 KPMG Sustainability Report in Brazil

Documental

HCA – Human Capital
Tangible Asset Valuation (TAV)
Data Collect
KPMG Monetary Valuation Tool

Click on the buttons above
to learn about each solution.

KPMG: Our Impact Plan 74

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Community andsocial vitality
Support education and lifelong
learning in our communities

Our communities GRI 203-1 • GRI 413-1 • GRI 3-3
Like our operations, our approach to Corporate
Citizenship is also based on the belief that businesshas a clear and fundamental role in helping solve
the world’s most complex challenges. Responsible
business practices help to promote trust andcontribute to the development and sustainabilityof capital markets, as well as empowering them tomake the changes that society needs.

Focus on education
KPMG International supports the SDGs and the UN
Global Compact and has defined that, globally, ourcorporate citizenship approach must prioritize SDG 4(Quality Education). Lifelong Learning is adopted as a
strategy to break the cycle of poverty.
We have the challenging global goal of empowering
10 million vulnerable young people througheducation and skills development for work andentrepreneurship by 2030.

2023 KPMG Sustainability Report in Brazil

Encouraging education in all interactions we establish
with our stakeholders is, therefore, the engine ofempowerment and change. When we look at thecommunity, this commitment is converted into direct
investment in initiatives that encourage learning,
pro bono services/compensation* for non-profit
organizations, mentoring and mobilization andcorporate volunteering campaigns. In FY2023, 87%of our direct investments and 79% of pro bono/compensation* work for civil society organizations(CSOs) were focused on education.

In Brazil, education is notably one of the biggest
issues that needs to be faced. Public data, suchas statistics from Todos Pela Educação (All for
Education) based on the IBGE census, show how
much we need to advance in educational quality.
Therefore, we do not carry out additional analysis
to assess needs, since the education situation isalready well documented and this area is KPMG’s
global focus when we talk about social impact incommunities.

KPMG: Our Impact Plan 75

Investment in Brazil in community
impact projects in FY23

Main projects – Education
Pequeno Cidadão

General results GRI 203-1 • GRI 413-1 • GRI 3-3

01 Presentation

R$ 2.3 million
73%
27%
R$ 1 million

02 KPMG
03 Governancein direct investments in
education projects

04 People
05 Planet

in pro bono/compensation* work with afocus on education

06 Prosperityin additional pro bono/compensation* work,
intended for organizations with cultural andsector promotion purposes

07 References
08 Indices*These works are subject to KPMG’s standard procedures for client acceptance/continuity anddeveloped with the same methodology, quality and independence offered to other clients. The value
for the services is paid by Corporate Citizenship or Marketing to the area that provided them. Eachbeneficiary institution offers a benefit for the services received.

2,180
10,14382
8,163

voluntary participations by our professionals,
hours to our corporate volunteer
programs that benefitedinstitutions and directly impacted
people2023 KPMG Sustainability Report in Brazil

Direct investment of

R$ 1 million
220

to provide new perspectives for the futurechildren andadolescents of São Carlos – SPof

We have supported this project for 27 years

EnactusInvestment of

R$ 150,000

to engage students in the developmentof programs to benefit communities,
focusing on sustainability andsocial empowerment.

43
43

KPMG leaders also
engaged in mentoring
Enactus students

In FY2023, we celebrated 25 yearsof supporting Enactus in Brazil

KPMG: Our Impact Plan 76

01 Presentation

Cyber Day
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity

18
1,519

volunteers from KPMG’s Cyberarea in Brazil had an impact on
young people from publicschools in BH, Curitiba, SP and RJ withcybersecurity content

07 References

Junior Achievement
08 Indices

Investment of

R$ 200,000
103
764
in programs led byprofessionals for

Mais Unidos
investment of

R$ 50,000

to support programs focused on developing job skills
IT’s for Her

10
14

35
270

volunteers read stories tostudents between 7 and 9 years old

Each one received the book read at the end of the initiative

volunteers from KPMG’s Cyberarea in Brazil made an impact on

youth with mentoring and introduction to Data
Analytics, to create a dashboard on the panorama of womenin technology professions in Brazil
KPMG author program in partnership with Instituto Joule and+1CodeKPMG Family for Literacy

Empresário Sombra(Junior Achievement)

56
41

young people from the community
followed the routine of

KPMG leaders in Brazil

public school students, showing
the business world, the benefits ofplanning and of the innovation mindset
We have supported JA Brasil since 2002

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 77

Cleaning Task Force

312

01 Presentation
02 KPMG
03 Governance

Solidary Christmas

04 People
05 Planet

Main campaigns

06 Prosperity

KPMG Day in the Community

07 References

21

volunteers fromoffices collected
more than 1 ton of street waste for recycling
Action organized with the support of Limpa Brasil to celebrate
the International Environment Day

535
3,682

631
16

children and elderly people living in shelters of

OSCs benefited from gifts donated by our professionals

volunteers benefited

08 Indicespeople with actions that involved supportingchildren, teenagers, the elderly, homeless people and people withchemical dependency and refugees, animal protection, blood donation,
among others.

Winter Campaign

1 ton
1,735

of food andblankets were distributed to homeless peoplein São Paulo2023 KPMG Sustainability Report in Brazil

Emergency Campaigns
Our professionals donated more thanR$ 42,000
R$ 10,000
R$ 35,000

to support flood victimsof São Sebastião, on the North Coast of São Paulo andto support the Muçum region (RS)Pro bono/compensation services
Our services added professionalism to management,
as well as credibility and transparency to the financial
statements of 10 non-profit organizations

was made available for thesecampaigns by the KPMG Citizenship Fund – Olga Sorgini Cortesi(in memory of the KPMG professional in Brazil who lost her lifein the Petrópolis disaster)

KPMG: Our Impact Plan 78

accounts, campaigns and activities, enabling fasterand more informed decision-making, regardless ofphysical location.
This saves our business partners and professionals
time, allowing them to focus on developing
relationships, identifying opportunities anddelivering high-quality solutions tailored to thespecific needs of our clients. KPMG in Brazil is oneof the first member firms to implement this tool in
the world, a process that began in FY2023.

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Our relationship with clients and themarket GRI 3-3
Clients are at the center of our business. With theaim of offering them the best service and exceeding
their expectations, we strive to be innovative, bewhere the client needs us and guarantee the qualityof our deliveries and our engagement.
To achieve this, we are always developing adiverse and comprehensive portfolio of solutions
that holistically combine our business knowledge
with new technologies. In this way, we contributeto transforming their operations, improving theirperformance and preparing them to face thechallenges that arise every day.

front office transformation, seeking accelerated
growth and enhanced global collaboration. We arecommitted to transforming our approach to themarket, with a focus on promoting transparency
and sharing crucial information about accountcontacts and market trends. The initiative aims
to enable our professionals to offer intelligent
solutions, strengthening trust and building lasting
relationships with clients.
A key element of this transformation is the global
pooling of offerings and capabilities, allowing thecompany to offer its services on a global scale,encouraging collaboration between business
partners and professionals around the world. The
implementation of a CRM platform developed by
Salesforce stands out as a fundamental tool for
providing easy access to critical information about

We also invested a lot in understanding thebenefits and risks of Generative Artificial
Intelligence (GenAI), which was the theme of
FY2023 in the area of innovation and technology.
In this sense, we trained our people on this topic
through the Innovation Academy, we establisheda secure channel for using ChatGPT and wedeveloped applications for Audit, Tax and Advisorythat benefit from the use of GenAI and generate
more value for our clients.
In FY2023, we also made many advances in theuse of technologies to support ESG actions. For
example, we brought to Brazil a world-leading
digital platform for commodity traceability
and compliance with international regulations.
We also evolved with the digital platform formonitoring forest conservation and monetization,using satellite images and capturing evidence ofpreserved areas.

KPMG’s strategic vision for the future is driven by2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 79

01 Presentation

6,483
2.8%

Satisfaction survey

clients in FY2023

more than in the previous cycle

02 KPMG

Client Satisfaction GRI 2-29

04 People

The Voice of Client area is responsible for measuring
customer satisfaction, through three essential pillars:Engagement Review, Client Experience Review and
Loss Debrief.

06 Prosperity
07 References
08 Indicessurveys sent

surveys answered

03 Governance

05 Planet

2,083
729
35%
8.5/10The first pillar measures, through online
questionnaires, the level of satisfaction of ourclients in different attributes and collects theiropinions about our services and processes, including
suggestions and criticisms. Based on understanding
our customers’ perceptions, we seek to develop
areas for improvement and reaffirm our strengths.
The satisfaction survey addresses several aspects,
including the Net Promoter Score (NPS), adopted by
KPMG as the main performance indicator to assess
the level of client satisfaction and loyalty with its
services. In FY2023, KPMG’s NPS in Brazil was 63, one
point above the previous year. This score reflects thelarge number of promoter clients - equivalent to 70%of the sample - and positions the Firm in the quality
zone. In addition to this metric, other essential topics
are monitored, such as relationships and technicalknowledge, which were the best evaluated, having
received the highest marks on the scale (9 and 10) from76% and 74% of customers, respectively.

2023 KPMG Sustainability Report in Brazil

return rate

average in the satisfaction index
of our clients with our work, in aspects such as
relationships, technical knowledge and quality of service

The Client Experience Review is a more in-depth
interview, carried out by the leadership of KPMG
in Brazil with key executives from strategic clients,
with the intention of highlighting their opinion
about KPMG in Brazil in a broader way. In addition
to feedback, the survey helps to strengthen
relationships with decision makers, learn about
sector and market trends and delve into the client’s
strategy. In FY2023, interviews were conductedwith more than 30 key customer executives, which
generated more than 50 action plans.
In turn, the Loss Debrief is carried out through survey
and/or interviews with Markets leadership, with afull focus on the client, intended to identify areas ofopportunity for a better positioning of our offerings.

Shared knowledge
We seek to contribute to qualifying the debate oncomplex topics that we deal with in the businessworld, generating knowledge for the entire society. To
this end, in addition to offering excellent services toour clients, we make available to our stakeholders in
Brazil the wide range of information built by the KPMG
network in our day-to-day operations.
Some of the strategies we use to share this knowledge
are collaborations with the press, disseminationof research and studies, participation in debates,
sponsorship and promotion of events.

KPMG: Our Impact Plan 80

Presence in the press

Events in FY2023

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

392
12.5%
11.7%
75.8%
69,345
R$ 9.2
millionown and sponsored
eventsexternal

internal
other
types

participantsin events

Publications released

Total publications by area

FY2023

FY2022

FY2021

139

177

175

10,968
10,743
225

quotespapers published

Main topics of the publications• Environmental, Social & Governance (ESG)• Agribusiness• CEO Outlook• Energy and Natural Resources• Mergers and acquisitions• Private Equity and Venture Capital• Infrastructure• Artificial intelligence• Football market• Mining• Basic sanitation• Health• Automotive sector• Technology

articles published

Audit Committee Institute (ACI)
One of KPMG’s most important initiatives, the
ACI is a forum that disseminates good corporate
governance practices, political, economic, corporate,
legal and tax trends that are crucial for business. It
is maintained by KPMG International member firms
and open to members of boards of directors, audit
committees and fiscal councils of companies inmore than 30 countries. In Brazil, the ACI is morethan 15 years old and has 751 members, who meetat regular events and have access to studies andbenchmarking carried out by KPMG.

14499

meetings in Brazil

2023 KPMG Sustainability Report in Brazil

participants

KPMG: Our Impact Plan 81

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

Web Summit Rio

Women Corporate Directors (WCD)

06 Prosperity

In FY2023, one of KPMG’s highlights in Brazil was
the participation in the Web Summit Rio – it was thefirst time, in 13 years of existence, that the event, ameeting point for the global technology community,
took place in Latin America. For four days, more than
20 thousand people from 97 countries - including
two hundred speakers, more than 500 investors andrepresentatives of around 750 startups - gatheredin the city of Rio de Janeiro, to share insights about
innovation and networking.

KPMG globally sponsors Women Corporate Directors(WCD), an American non-profit foundation whose
purpose is to encourage the formation of innovativeand engaged boards through diversity. KPMG’s
support enables WCD’s presence in 40 countries,
connecting 2,600 board members. In Brazil, theentity has been present since 2009 and today brings
together approximately 400 board and committee
members. WCD inspires and connects board
members, increasing the supply of highly qualified
board candidates and making its member baseavailable, in addition to promoting the disseminationof best governance practices through events,
networking and educational tools.

07 References
08 Indices

The Firm was present through KPMG Private
Enterprise, which was one of the sponsors of theevent, impacting around 1.7 million people. KPMG
leadership actively participated in the meeting, sharing
content, organizing exclusive events and interactingwith guests through attractions such as a humanoid
robot, which chatted with visitors to the stand, anda flash mob – a motorcade with 10 vehicles – whichtransmitted a hologram of the KPMG logo.

2023 KPMG Sustainability Report in Brazil

Participation in associations GRI 2-28 • GRI 3-3
Always looking for the evolution of the professions
with which we are associated and the sustainable
development of business, we share knowledge
with the market in Brazil through debates, eventsand lectures and participation in boards, executive
management, committees and working groups ofdifferent regulatory bodies and entities representing
professional categories and business sectors.

Click to see the listof associations

KPMG: Our Impact Plan 82

Our relationship with suppliers GRI 2-6 • GRI 3-3
01 Presentation

Every year, we carry out a review of our suppliers, which are classified according to
the impact they may have on our operations. This review covers both business-criticalservices, such as full-time resident workforce in our offices, and suppliers of generalservices and products.

02 KPMG
03 Governance
04 People

This assessment is also carried out at the time of contracting, before contracts are
signed, and revalidated annually. In FY2023, we started updating the way we evaluate our
suppliers, reinforcing ESG aspects.

05 Planet
06 Prosperity

Classification of KPMG suppliers in Brazil

07 References

Type of impact

Consequence in case of interruption

08 IndicesLow

The supplier can be easily replaced (high supply). Generalservices and products.

Moderate

There is a certain complexity in replacement (average
offer). Business support services/products, which can beused on a large scale, but do not pose risks; Third Party client facing.

High

There is high complexity in replacement (low supply
or lengthy process). Business-critical services, used
on a large scale, that can affect essential operations,
reputation, brand value or the well-being of our
professionals. Suppliers in this group may have access toconfidential, physical and digital information from KPMG
in Brazil or provide full-time resident labor in our offices.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 83

01 Presentation
02 KPMG

References

03 Governance
04 People
05 Planet

Technical alignment and frameworks used

06 Prosperity
07 References
08 Indices

The indicators selected to report KPMG’s main results in Brazil in FY2023 reflect our values, our pillars of work and thematerial topics considered relevant by us and our stakeholders.
The indicators presented in this document werereported in accordance with the GRI Standards forthe period from October 1, 2022 to September 30,
2023. They are also aligned with references from theInternational Business Council (IBC) – World Economic
Forum. Our goal is to communicate more clearly andobjectively what we do and think, according to globally
recognized parameters.

2023 KPMG Sustainability Report in Brazil

The members of the Executive Committee are involvedin the initial interviews to prepare this sustainability
report, as well as in its review, moments in which theresults are presented in a more systematic way. All
information reported is reviewed and approved by the
Executive Committee of KPMG in Brazil. GRI 2-4 • GRI 2-14
Furthermore, the document undergoes externalverification, carried out by a contracted assurancecompany. GRI 2-5

Our goal is to communicate
more clearly and objectively
what we do and think, according
to globally recognizedparameters.
KPMG: Our Impact Plan 84

SDGs in KPMG’s operations

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

Through its activities, KPMG in Brazil seeks to contribute to solving concrete
problems in society, guided by environmental, social and governance (ESG)
principles. Therefore, we also operate in line with the United Nations (UN)
Sustainable Development Goals (SDGs).
Based on a broad mapping of our operations, we identified interfaces with
14 SDGs (SDGs 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 16 and 17). We give priority
to SDG 4 (Quality Education), as we believe that it is through education that
we empower people to change their lives and transform the world, and SDG
13 (Combat Climate Change), adopting policies and procedures focused on
decarbonization and mapping the impacts caused by our activities, which we also
share with our stakeholders.

06 Prosperity
07 References
08 Indices

Click on the buttons to the side to find out
more about which Sustainable Development
Objectives KPMG is working towards.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 85

01 Presentation
02 KPMG

Indices

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 86

GRI Content Index
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity

Statement of use

KPMG Brazil has reported in accordance with the GRI Standards for the period from October 1, 2022 toSeptember 30, 2023 (Fiscal Year 2023 - FY2023) for all information, financial and non-financial.

GRI 1 used

GRI 1: Foundation 2021

Applicable GRI Sector Standard(s)Not applicable.

GRI STANDARDDISCLOSURE

LOCATION / RESPONSEOMISSION

General disclosures
GRI 2: General disclosures2021

2-1 Organizational details
2-2 Entities included in the Organization’s sustainability reporting

The economic results presented in this report
represent the operations of all independentcompanies that operate under the name KPMG
in Brazil. According to current legislation, they
are exempt from disclosing a balance sheet.

2-3 Reporting period, frequency and contact point

The publication frequency is annual. The
reporting period is fiscal year 2023 - FY2023,
for all information, financial and non-financial.
Publication takes place on February 23, 2024
(estimated).

07 References
08 Indices2-4 Restatements of information
2-5 External assurance
2-6 Activities, value chain and other business relationships
2-7 Employees
2-8 Workers who are not employees
2-9 Governance structure and composition
2-10 Nomination and selection of the highest governance body
2-11 Chair of the highest governance body
2-12 Role of the highest governance body in overseeing themanagement of impacts
2-13 Delegation of responsibility for managing impacts
2-14 Role of the highest governance body in sustainability reporting

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 87

GRI STANDARDDISCLOSURE

LOCATION / RESPONSEOMISSION

2-15 Conflicts of interest
2-16 Communication of critical concerns

01 Presentation

The Firm does not have information on the
total number and nature of critical concerns
communicated to the highest governance bodyduring the reporting period. Reason for omission:
Unavailable/incomplete information.

2-17 Collective knowledge of the highest governance body
2-18 Evaluation of the performance of the highest governance body

02 KPMG

2-19 Remuneration policies

03 Governance
04 People
05 Planet

2-20 Process to determine remuneration

We do not report information related topartner remuneration. Reason for omission:
Confidentiality restrictions.

2-21 Annual total compensation ratio

The total annual compensation is consideredstrategic information, therefore confidential.
Reason for omission: Confidentiality restrictions.

2-22 Statement on sustainable development strategy

06 Prosperity

2-23 Policy commitments

07 References

2-25 Processes to remediate negative impacts

2-24 Embedding policy commitments
2-26 Mechanisms for seeking advice and raising concerns

08 Indices2-27 Compliance with laws and regulations
2-28 Membership associations
2-29 Approach to stakeholder engagement
2-30 Collective bargaining agreements

KPMG offers freedom of collective association to100% of its professionals. All CLTs are eligible,
except young apprentices, who have specificlegislation

Material Topics
GRI 3: Material Topics 2021

3-1 Process to determine material topics
3-2 List of material topics

2023 KPMG Sustainability Report in Brazil

Justification: Due to the nature of our activity,
we do not have a significant impact on
biodiversity and water issues. However, as theseare KPMG International material topics, they arenaturally reflected in our local materiality matrix.
We address issues related to these topics in the
Eco-Efficiency Targets (water consumption andother environmental indicators) and also present
our global and local positioning in relation tobiodiversity and how we support our clients inthese agendas.

KPMG: Our Impact Plan 88

GRI STANDARDDISCLOSURE

LOCATION / RESPONSEOMISSION

Ethical commitment
3-3 Management of material topics
205-1 Operations assessed for risks related to corruption
205-2 Communication and training about anti-corruption policies andprocedures

01 Presentation

205-3 Confirmed incidents of corruption and actions taken

02 KPMG

206-1 Legal actions for anti-competitive behavior, anti-trust, andmonopoly practices.

03 Governance415-1 Political contributions
417-3 Incidents of non-compliance concerning marketing communications

04 People
05 Planet
06 Prosperity
07 References
08 Indices418-1 Substantiated complaints concerning breaches of customer
privacy and losses of customer data

Purposeful governance
3-3 Management of material topics

Quality of governance structures
3-3 Management of material topics

Relationship with stakeholders
3-3 Management of material topics

Inclusion, diversity and equity
3-3 Management of material topics
405-1 Diversity of governance bodies and employees
405-2 Ratio of basic salary and remuneration of women to men
406-1 Incidents of discrimination and corrective actions taken

Health and well-being
3-3 Management of material topics
403-1 Occupational health and safety management system

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 89

GRI STANDARDDISCLOSURE

LOCATION / RESPONSEOMISSION

Skills for future employability
3-3 Management of material topics
401-1 New employee hires and employee turnover401-2 Benefits provided to full-time employees that are not provided totemporary or part-time employees

01 Presentation

401-3 Parental leave

02 KPMG

404-1 Average hours of training per year per employee
404-3 Percentage of employees receiving regular performance andcareer development reviews

03 Governance
04 People

Creation of jobs and value
3-3 Management of material topics

05 Planet

201-1 Direct economic value generated and distributed
201-4 Financial assistance received from government

06 Prosperity
07 References203-1 Infrastructure investments and services supported

08 Indices407-1 Operations and suppliers in which the right to freedom of
association and collective bargaining may be at risk

The Firm does not receive other financial
support from the Government. Reason foromission: not applicable.
KPMG does not interfere with the freedomof association of its professionals, which isguaranteed by the Federal Constitution ofBrazil. Professionals had the opportunity tocommunicate with representative unions atunion meetings, as well as exercised their rightto vote in collective negotiations held during thereporting period.

Community vitality
3-3 Management of material topics
413-1 Operations with local community engagement, impact
assessments, and development programs.

2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 90

GRI STANDARDDISCLOSURE

LOCATION / RESPONSEOMISSION

Innovation for better products and services
3-3 Management of material topics

Climate change
3-3 Management of material topics

01 Presentation

305-1 Direct greenhouse gas (GHG) emissions (Scope 1)

02 KPMG305-2 Indirect Greenhouse Gas (GHG) emissions from energy purchase(Scope 2)

03 Governance305-3 Other Indirect Greenhouse Gas (GHG) emissions (Scope 3)

04 People
05 Planet

Nature and biodiversity
3-3 Management of material topics

Water management

06 Prosperity

3-3 Management of material topics
306-2 Waste by type and disposal method

07 References
08 Indices2023 KPMG Sustainability Report in Brazil

KPMG: Our Impact Plan 91

Global Compact Index
01 Presentation
02 KPMGThe following index shows the chapters in which we discuss how KPMG Brazil follows the
10 principles of the Global Compact in its day-to-day operations

03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 IndicesPrinciples

Disclosure

Human Rights
1. Businesses should support and respect the protection of internationally proclaimed human rights.
2. Make sure that they are not complicit in human rights abuses.

Governance - Human rights

Labor
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
4. The elimination of all forms of forced and compulsory labor.
5. The effective abolition of child labor.
6. The elimination of discrimination in respect of employment.

Governance - Human rights
People – Inclusion, diversity and equity
GRI Summary – GRI 407-1

Environment
7. Businesses should support a precautionary approach to environment challenges.
8. Undertake initiatives to promote greater environmental responsibility.
9. Encourage the development and diffusion of environmentally friendly technologies.

PlanetProsperity – Innovation for better products
and services

Anti-corruption
10. Businesses should work against corruption in all its forms, including extortion and bribery.

2023 KPMG Sustainability Report in Brazil

Governance – Act legally, ethically and in the
public interest

KPMG: Our Impact Plan 92

WEF IBC Metrics Index
01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

In this index, we indicate the chapters in which we present our performance in relation to the Stakeholder Capitalism Metrics (WEF IBC Metrics), as well as the GRI
and SDG indicators related to them.
Theme

Correspondence to GRI

Location / Response

Governance
Governing purpose

06 Prosperity
Quality of governing body

07 References
08 IndicesCore metrics and disclosures

Stakeholder engagement

Ethical behavior

Risk and opportunity oversight2023 KPMG Sustainability Report in Brazil

Message from the Chairman
Governance – Purposeful governance

Setting purpose
Purpose-led management

GRI 2-23

Governance – Act legally, ethically and in the public interest

Governance body composition

GRI 2-9
GRI 405-1

Governance – Governance structure

Remuneration

GRI 2-9

Governance – Governance structure

Material issues impacting stakeholders

GRI 2-29
GRI 3-2

Material topics

Anti-corruption

GRI 2-27
GRI 205-1
GRI 205-2
GRI 205-3
GRI 206-1
GRI 415-1
GRI 417-3
GRI 418-1

Governance – Act legally, ethically and in the public interest

Mechanisms for seeking advice and raising concerns

GRI 2-26

Integrating risks and opportunity into business processes

Governance – Purposeful governance
Governance – Act legally, ethically and in the public interest

KPMG: Our Impact Plan 93

People01 Presentation

Dignity and equity

02 KPMG

Diversity and inclusion

GRI 405-1

People – Inclusion, diversity and equity

Pay equality

GRI 405-2

People – Inclusion, diversity and equity

Wage level

People – Inclusion, diversity and equity

Risk for incidents of child, forced or compulsory labor

Governance – Human Rights

Incidents of discrimination and harassment and total amountof monetary losses

GRI 406-1

Governance – Human Rights

Freedom of association and collective bargaining at risk

GRI 407-1

Summary GRI – GRI 407-1

03 Governance

Health and well-being

Health and safety

GRI 403-1

People – Health and well-being

04 People

Skills for future employability

Training provided

GRI 404-1
GRI 404-3

People – Skills for future employability
and generation of employment
and wealthGreenhouse gas (GHG) emissions

GRI 305-1
GRI 305-2
GRI 305-3

Planet – Climate change and decarbonization

05 Planet
06 Prosperity
07 References
08 Indices

PlanetClimate change

TCFD implementation

Planet – Climate risk

Biodiversity loss

Land use and ecological sensitivity

Planet – Nature and biodiversity

Water management

Water consumption and withdrawal in water-stressed areas

Planet – Climate change and decarbonization

Solid waste
Resource availability

Single use plastics
Solid waste disposal impact

Planet – Climate change and decarbonization
GRI 306-2

Planet – Climate change and decarbonization
Planet – Climate change and decarbonization
Planet – Nature and biodiversity

Circular economy

Prosperity
Employment and wealthgeneration

Innovation in better products andservices
Community and social vitality

2023 KPMG Sustainability Report in Brazil

Absolute number and rate of employment

GRI 2-7
GRI 2-8
GRI 401-1
GRI 401-2
GRI 401-3

Prosperity – Social and economic impact

Economic contribution

GRI 201-1
GRI 201-4

Prosperity – Social and economic impact

Financial investment contribution

GRI 203-1

Prosperity – Community and social vitality

Total R&D expenses

Prosperity – Innovation in better products and services

Total tax paid

GRI 201-1

Prosperity – Social and economic impact

Total social investment

GRI 203-1

Prosperity – Community and social vitality

KPMG: Our Impact Plan 94

Independent Assurance

GRI 2-5

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet
06 Prosperity
07 References
08 Indices

Independent Auditors limited Assurance report of non-financial information included in the Sustainability Report forthe period from October 1, 2022 to September 30, 2023 from KPMG
To KPMG Partners and other interested parties
Sao Paulo-SP
Introduction
We have been engaged to presente our limited assurance procedures on the sustainability information disclosed in the
KPMG Sustainability Report, covering the period from October 1, 2022 to September 30, 2023, prepared under the
responsibility of its Management.
Our limited assurance does not extend to prior period information or to any other information disclosed in conjunction
with the Sustainability Report, including any embedded images, audio files or videos.
KPMG Management Responsibilities
KPMG Management is responsible for preparing and presenting the Sustainability Report, following the criteria andguidelines for GRI sustainability reports ( Global Reporting Initiative ) Standards . This responsibility includes the design,
implementation and maintenance of internal controls for the adequate preparation and presentation of the Sustainability
Report.
Responsibility of independent auditors
Our responsibility is to express a conclusion on the non-financial information contained in the Sustainability Report, basedon the limited assurance work carried out in accordance with Technical Announcement CTO 07 issued by the CFC on April
7, 2022, and based on NBC TO 3000 – Assurance Work Different from Audit and Review, also issued by the CFC, which isequivalent to the international standard ISAE 3000 – Assurance engagements others than audits or reviews of historical financial
information , issued by International Auditing and Assurance Standards Board (IAASB). These standards require the auditor tocomply with ethical requirements, independence and other related responsibilities, including the application of theBrazilian Quality Control Standard (NBC PA 01) and, therefore, the maintenance of a comprehensive quality control
system, including documented policies and procedures on compliance with ethical requirements, professional standards
and applicable legal and regulatory requirements.
Additionally, the aforementioned standards require that the work be planned and executed with the objective of obtaining
limited assurance that the non-financial information contained in the Sustainability Report, taken as a whole, is free frommaterial misstatement.
A limited assurance engagement conducted in accordance with NBC TO 3000 (ISAE 3000) consists primarily of inquiries
to KPMG management and other KPMG professionals who are involved in preparing the information, as well as theapplication of analytical procedures to obtain evidence that allows us to conclude, in the form of limited assurance, about
the information taken together. A limited assurance work also requires the execution of additional procedures, when the
independent auditor becomes aware of matters that lead him to believe that the information disclosed in the Sustainability
Report, taken as a whole, may present material distortions.
The procedures selected were based on our understanding of aspects relating to the compilation, materiality andpresentation of the information contained in the Sustainability Report, other circumstances of the work and ourconsideration of areas and processes associated with the material information disclosed in the Sustainability Report, inwhich relevant distortions could exist. The procedures included, among others:

non-financial data correlate with indicators of a financial nature, the comparison of these indicators with the financial
statements and/or accounting records.
The limited assurance work also included adherence to the guidelines and criteria of the GRI – Standards preparation
structure applicable in the preparation of the information contained in the Sustainability Report.
We believe that the evidence obtained in our work is sufficient and appropriate to support our conclusion in the limited
form.
Scope and limitations
The procedures performed in limited assurance work vary in nature and timing, and are smaller in extent than inreasonable assurance work. Consequently, the level of assurance obtained in limited assurance work is substantially lower
than that which would be obtained if reasonable assurance work had been performed. If we had performed reasonableassurance work, we could have identified other issues and possible distortions that may exist in the information contained
strictly in the Report, not including other supplements and reports referred to in it. Therefore, we do not express an opinion
on this information.
Non-financial data are subject to more inherent limitations than financial data, given the nature and diversity of themethods used to determine, calculate or estimate these data. Qualitative interpretations of materiality, relevance, andaccuracy of the data are subject to individual assumptions and judgments. Additionally, KPMG's process to determine its
materiality was not scope of this assurance, given that GRI does not provide criteria but guidance to determine material
topics, we also did not perform any work on data reported for prior periods, nor in relation to future projections andtargets.
The preparation and presentation of sustainability indicators followed the GRI - Standards criteria and, therefore, are notintended to ensure compliance with social, economic, environmental or engineering laws and regulations. These standards
do, however, provide for the presentation and disclosure of any non-compliance with such regulations when significant
sanctions or fines are incurred. Our assurance report must be read and understood in this context, inherent to the selected
criteria (GRI - Standards).
Conclusion
Based on the procedures performed, we are not aware of any relevant modification that should be made to thesustainability information disclosed in the KPMG Sustainability Report, for the period from October 1, 2022 to September
30, 2023, for it to be prepared in accordance with the criteria and guidelines for sustainability reporting GRI (Global
Reporting Initiative) Standards.
São Paulo, April 26, 2024.
Irko Hirashima Independent Auditors
CRC nº 2SP020649
Assinado eletronicamente por:
Reynaldo Holland
CPF: ***.574.978-**
Data: 26/04/2024 11:07:16 -03:00

Reynaldo Holland
Counter CRC-1SP187870(a)planning the work, considering the relevance, the volume of quantitative and qualitative information and theoperational and internal control systems that served as the basis for preparing the information contained in the
Sustainability Report;(b)understanding the calculation methodology and procedures for compiling indicators through inquiries withmanagers responsible for preparing the information;(c)the application of analytical procedures on quantitative information and inquiries into qualitative information andits correlation with the indicators disclosed in the information contained in the Sustainability Report; and for cases in which

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2023 KPMG Sustainability Report in Brazil

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KPMG: Our Impact Plan 95

01 Presentation
02 KPMG
03 Governance
04 People
05 Planet

Contributors to
the report
The preparation of this report had theparticipation of many people. Therefore, we
thank everyone involved in providing thedata reported here, from all departments of
the Firm. We also thank all reviewers andheads of KPMG’s administrative areas whose
contributions, criticisms and suggestions were
fundamental to produce this document.

06 Prosperity
07 References
08 IndicesCredits
Overall coordination
Environmental, Social & Governance (ESG)
Advisory Services
Corporate Citizenship - KPMG in Brasil
Publishing project, coordination and texts
Carmen Nascimento and KPMG
Design and layout
Paulo Lobo - pslobo design
ImagesPisco Del Gaiso and KPMG image database
Independent Assurance
Irko Hirashima Auditores Independentes GRI 2-5

2023 KPMG Sustainability Report in Brazil

Channel for
information about
this report
GRI 2-3

Contact information
Nelmara Arbex
Lead Partner at KPMG Advisory –Environmental, Social & Governance (ESG)
E-mail: narbex@kpmg.com.br
Danilo Vieira
Senior Manager at KPMG Advisory –Environmental, Social & Governance (ESG)
E-mail: dvieira@kpmg.com.br

Eliane Momesso
Senior Manager – Corporate Citizenship,
Head KPMG: Our Impact Plan – Brazil
E-mail: emomesso@kpmg.com.br

Gabriel Zarro
Senior Consultant at KPMG Advisory –Environmental, Social & Governance (ESG)
E-mail: gabrielpinto@kpmg.com.br

Clara Tostes
Intern at KPMG Advisory – Environmental,
Social & Governance (ESG)
E-mail: ctostes@kpmg.com.br

KPMG Headquarters in Brazil GRI 2-1
R. Verbo Divino, 1.400 - 4° andar
Chácara Santo Antônio – São Paulo – SP
CEP 04719-002

KPMG: Our Impact Plan 96

© 2024 KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of KPMG global
Organization of independent member firms affiliated with KPMG International Limited, a private English company limited byguarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global
Organization.

kpmg.com.br

The information contained herein is of a general nature and is not intended to address the circumstances of any particular
individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that suchinformation is accurate as of the date it is received or in the future. No one should act on such information without qualified andappropriate professional advice after a thorough examination of the particular situation.

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