December 2022 recap: 3 key insights on philanthropy and sustainability

As 2022 draws to a close, we rallied together for KPMG in Singapore’s annual “Giving Week”, a firmwide initiative aimed at encouraging our people to make a positive, lasting impact in the world.?

From addressing climate issues to helping at-risk communities, our combined efforts helped make a difference across a variety of sectors, benefitting both people and the planet.??

The growing global uncertainty and a volatile economic climate have underscored the importance of giving back to society and the need to zoom in on complex social and environmental issues.???

What will the future of global philanthropism look like??

Exacerbated by the COVID-19 pandemic and rising public interest in wealth equality, global philanthropism is experiencing a sea of change as innovative new approaches to collaboration and impact creation reinvent the sector. Key trends include:?

1. Increased financial and non-financial giving to support communities and causes amidst rising global uncertainty.?
2. A greater focus on collaboration and data to deliver more.?
3. Improved flexibility in providing support through the streamlining of procedures and impact measurement metrics.?

Read more here.

Unlocking sustainability through social responsibility?

An integral aspect in any organisation’s governance framework, corporate social responsibility (CSR) has evolved from measuring actions to measuring outcomes. As ESG continues to shape global financial and corporate decision-making, family businesses can take a strategic and collaborative approach to doing good while creating a lasting business legacy.?

In this report, “Good for business, good for the world”, we examine key strategies that family businesses can adopt to make a positive difference. These include:?

1. Adopting agile, rapid capabilities to respond to crisis.?
2. Going beyond financial metrics to measure impact.?
3. Embracing new commercial imperatives for growth by demonstrating strong ESG progress.?

Download the report here.?

Making a mark in philanthropy

The future of philanthropy is here and now. From leveraging corporate world learnings for greater social impact to addressing economic inequalities through increased collaboration, philanthropy is reimagining what it means to do good.

Discover new ways of doing good here.?