KPMG Our Impact Report 2022

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Our Impact

Report 2022
Diving into the future

KPMG in Bermuda
OUR IMPACT IN BERMUDA 2022 2

Our
commitment
As we present KPMG in Bermuda’s 2022 Impact Report, our
commitment to our four pillars – Governance, People, Planet
and Prosperity – has guided us in driving positive change
within our firm and the communities we serve.
We understand that our role goes beyond providing professional services to our clients,
and we have a responsibility to use our influence, resources, and expertise to create a
more equitable and sustainable world. With this report, we hope to demonstrate our
progress and inspire others to join us in our journey towards a better future.

We are in a privileged position to influence and drive change; a position built on


trust. We are committed to maintaining that trust by always acting purposefully and
transparently, with accountability and integrity.

We would like to take a moment to express our gratitude to our staff for their constant
commitment and dedication to maximizing our Impact. Their hard work and passion
have been instrumental to our firm and the communities we serve. Without their
efforts, the achievements we are sharing in this report would not be possible. Our
values encourage our staff to be good corporate citizens, and we strive to accomplish
this by remaining committed to our youth, communities, and environment. We seek
to lead by example within society while also leading the way for a better world for
generations to come. James Berry Steve Woodward
Within our annual Impact Report, covering January to December 2022, we hope you Chief Executive Officer Chair
see the efforts we go to ensure change is being made as we work Together. For Better. Corporate Citizenship Committee
OUR IMPACT IN BERMUDA 2022 3

Value of impact Metrics


In 2022, we have applied the WEF IBC metrics, as well as other reporting frameworks, including the Global
Donation in hours Reporting Initiative (GRI) Standards and the UN Global Compact Principles — while reporting against our most
material issues. We are pleased to share with you our metrics and measures as of December 31, 2022. Globally
960 hours = $1,042,537 KPMG is reporting across similar metrics. You can access that report here.

2022

1,226 hours = $1,151,015


2021
Governance Planet
anti-corruption compliance Electricity usage Total carbon emissions
100% training completed.

Total impact 542,185 kWh 548.83 tCO2e


$1,137,492 People 526,711 kWh (2021) 555 tC02e (2021)
2022 The increase in electricity usage this year is due to more people
Employees by gender and nationalities returning to the office after the pandemic. With a higher number
$1,251,851 73 77 30
of employees and equipment in use, it’s reasonable for a rise in
energy consumption and emissions. Although our total carbon
2021 emissions have decreased due to less waste, paper procurement
Female Male Nationalities and our staff commuting being cut in half by staff chosing to walk
Promotions Total employee of bike into the office.

2022 donations in dollars by gender turnover by gender

$88,355
19
Female
21
Male
53%
Female
47%
Male
Prosperity
Donations
Total employee turnover by age 7 of the 10 12
$6,600 5% 70% 12% 10% 3%
available Lift Off Program Staff
Accountant positions are currently filled.
Internships
were offered.
Sponsorships and
<25 26-35 36-45 46-55 56<
Annual Memberships Scholarship values awarded in the past 5 years

35 hours training 0 $40,000 $40,000 $60,000 $100,000 $100,000


on average per staff serious 2022 2021 2020 2019 2018
member for 2022 (Bermuda). accidents while
at the office.
$340,000 Total
OUR IMPACT IN BERMUDA 2022 4

UN’s 17 Sustainable
Development Goals Through our investment into educational,
Global corporations environmental, and medical organizations, we

are making significant can help raise awareness of problems within


our society and the issues that threaten the
progress on aligning their future of our planet as well as guide many
towards making a positive and long-lasting
business strategies with impact within our world.

the UN’s 17 Sustainable Moreover, our people strive to make a


Development Goals difference on an individual basis, by investing
their time or money into different initiatives
(SDGs), and KPMG is and organizations, helping to fulfil many of
the UN’s SDGs. With only seven years left to
following this blueprint accomplish our net zero goals it is now more
to achieve a more important than ever that we lead by example,
inspire change and work collaboratively with
sustainable future for all. members of our community — to make the
greatest impact and provide a better future
We actively pursue the UN’s 17 for the next generation.
Sustainable Development Goals
through our business activity and our
corporate citizenship strategy, with
particular focus on Goal 4, “Ensure
inclusive and equitable quality
education and promote lifelong
learning opportunities for all”. Our
dedication is demonstrated through
our educational outreach and our
Lift Off Program, where we help to
launch and support the careers of
future accountants each year.

THE 17 GOALS | Sustainable Development (un.org)


OUR IMPACT IN BERMUDA 2022 5

Our Impact
Committees
Here at KPMG in Bermuda, it is vital that we align our Corporate A year in
Citizenship strategy with local and global goals, and in our
corporate culture, being a good corporate citizen and setting PHOTOS
an example within the community.
Therefore, collectively, we strive to make a positive impact by providing development and
growth opportunities for our own people and members within the wider community.

Through the committee’s support, KPMG can provide skills, influence, and business expertise
that help deliver vital information as well as lasting contributions to many local, social, and
environmental issues.

Our 2022 Impact Committees

Corporate Citizenship Diversity, Equity and Decarbonization Graduate


committee Inclusion committee committee committee

Green Health and Safety Wellness


committee at Work committee committee
OUR IMPACT IN BERMUDA 2022 6

Our Our giving guidelines Our giving philosophy


mandate
At KPMG we have a policy that limits our giving to Here at KPMG, it is fundamental that our corporate
registered charities in Bermuda and their local initiatives. citizenship adds value to our community. Our actions and
initiatives include:
Unfortunately, the firm cannot provide financial support

and giving
to individuals for overseas journeys and events or for
religious organizations. However, we can and are pleased
BERMUDA CHARITIES
to support specific community outreach programs that Establishing strong relationships with not-for-profit
are spearheaded by religious-based organizations, for organizations to achieve lasting community impact.
example, food drives or similar initiatives that fall under
this remit. We also give to international relief efforts such
as hurricanes and other natural disasters.
COMMUNITY VOLUNTEER LEAVE POLICY
Our employees, to If you would like your organization to be considered Encouraging and supporting our people to spend

be good corporate for KPMG’s support, as part of our corporate citizenship


program, please send a request letter our way,
addressed to our Corporate Citizenship Committee
more time in their communities, both during and
outside of working hours.

citizens, aim to: Chair (Steve Woodward). Within your letter, please
provide us with information about your initiative, the
amount (in time or money) you wish to be given,
DIRECTORSHIPS AND STEWARDSHIP
and lastly, supporting documentation (i.e., financial Generously giving our senior leadership’s time,
Be committed to our communities statements, charitable registration). advice and experience as Directors and officers of
various charities and community organizations.
Requests must be made a minimum of three months in
advance of your initiative, activity, or event. Please either
Strive towards improving local
send your requests to [email protected] or deliver them to
education, development, health,
our offices:
INTERNATIONAL AND LOCAL DISASTER RELIEF
equitable access to resources,
and the employability of Addressed: Providing funding, volunteers, and other support
Bermuda’s youth. during emergencies.
Crown House
KPMG Corporate Citizenship Committee
Set an example within Bermuda 4 Par-La-Ville PRO-BONO POLICY
upon which our peers can be Hamilton, Bermuda HM 08
inspired and encouraged to Harnessing our people skills, experience, and
support our local environment expertise, by supporting not-for-profit organizations
and communities as well. through pro-bono work engagements.
OUR IMPACT IN BERMUDA 2022

Contents GOVERNANCE
Our ideologies and code of conduct governs us in
08 PLANET
Our Green initiatives at KPMG seek to reduce our
25
what we do and how we do it. Here at KPMG, we environmental impact. We pledge to become net-zero
At KPMG, Our Impact Plan hold each other accountable for our actions. by 2030, support research and its outcomes with our
volunteer work, establish environmental partnerships,
highlights how we are and empower people, clients, and suppliers to partake
in environmental initiatives.
prioritizing our four pillars:
Governance, People, Planet
and Prosperity.
This Impact Report outlines our commitments
to make business better by managing
sustainable growth, creating new value,
and building resilience.
PEOPLE 12
In the coming months and years, we will
continue to reinforce our commitment to
these four areas, not just locally in Bermuda,
We seek to prioritize, promote, and support healthy
living and continue learning within the workplace
PROSPERITY 30
Through our own educational outreach program as
but also across KPMG globally. through our firm’s subsidization of sporting events,
well as our administrative and financial dedication to
its own Wellness Program, and internal youth-
KPMG has pledged to invest US$1.5 billion education, environmental and health-oriented initiatives,
oriented programs such as our KPMG scholarships,
into our Environmental, Social and and organizations, we seek to improve and enrich the
summer internships, and graduates’ program.
Governance (ESG) agenda over 2021-2024, lives of many within our communities.
thus, demonstrating that we intend to stay
wholly committed to this cause.

KPMG Global’s
newly released
Impact Plan
outlines our ESG
commitments —
holding the firm
accountable as we
progress toward a more sustainable future.
OUR IMPACT IN BERMUDA 2022 8

GOVERNANCE
OUR IMPACT IN BERMUDA 2022 9

Our Purpose and Values guide everything we do.


We are committed to being
For more than 70 years in Bermuda, we’ve inspired confidence while
empowering change. Our purpose is rooted in rich history, built on our role to
protect the public interest while shaping a better future for our people, clients
a purposeful business that
and broader stakeholders. The pressures on business and society are rapidly
increasing. With new challenges facing the world, our purpose is more relevant always acts transparently with
integrity and accountability,
than ever.

At KPMG, we know that trust is earned by doing the right thing. To inspire
confidence and empower change, we need to consider the economic,
environmental and social impact of our activities, align our financial and societal
performance as part of a shift toward stakeholder capitalism, and have strong
and respects human rights.
governance in place to oversee all of our activities.

Our Purpose
By inspiring confidence in our people, clients and society, we help
empower the change needed to solve the toughest challenges and lead
the way forward. Our Values:
People • Integrity: We do what is right.
We are a people business. • Excellence: We never stop learning and improving.
Our people crave opportunities to do meaningful and impactful work while • Courage: We think and act boldly.
developing a thriving career in an inclusive, diverse and caring culture.
• Together: We respect each other and
draw strength from our differences.
Clients
We stimulate trust and confidence in business. • For Better: We do what matters.
Our clients seek our expertise to overcome vast challenges ahead and to
grow sustainably.

Society
We have a responsibility to build a sustainable future.
Society expects a fairer, more equitable future that doesn’t come with
such deep costs to people and our planet.
OUR IMPACT IN BERMUDA 2022 10

Our Values and what we stand for Global Code of Conduct


Our Values guide our day-to-day behaviors, informing how we act, the decisions The KPMG Global Code of Conduct sets out our standards of ethical conduct.
we make and how we work with each other. They’re embedded in the entire It applies to all KPMG leadership and employees - from new recruits to our
employee journey, in our business processes and in all of our stakeholder longest serving colleagues - in every country in which we operate. It spells out
interactions. fundamental ethical principles and highlights resources available to help leadership
and employees understand and uphold those principles. The original Global Code
By living our Values and considering the impact of our work from a broad range of 2005 was updated in 2012 and again in 2018 to reflect developments in law,
of perspectives, we aim to be a purposeful business, fostering prosperity and regulation, and professional ethics, as well as our enhanced commitments to
helping address key issues faced by our clients and their stakeholders. making a positive impact on society, communities, and the wider world. It also
ensures we work with integrity while delivering real results to clients.
Read more

Our approach to identifying risks Transparency Report


At KPMG, we help inspire confidence in our people, clients and society, and we We maintain an overriding commitment to
recognize how important it is to identify, manage and plan for risks. Every KPMG audit quality and delivering value to
firm is required to identify and manage its risks through a formal risk assessment stakeholders. The KPMG in Bermuda
process for which each firm’s leadership takes responsibility. Transparency Report describes our system
of quality control as well as our structure
Our global client and engagement acceptance and continuance policies and and governance designed to maintain and
pocesses help member firms identify and evaluate potential risks, ethics or further an unrelenting focus on quality
compliance issues prior to accepting or continuing a client relationship or and integrity.
performing a specific engagement. Member firms are required to consider
a range of factors as part of this evaluation, including the client or potential Quality and integrity are the foundations that strengthen trust in the companies and
client’s risk profile (e.g. its management and ultimate beneficial owners), stakeholders we serve. Audit quality is fundamental and is a key measure on which
potential independence and conflict of interest issues (using our conflicts and our professional reputation stands. We’re committed to ensuring our approach to audit
independence checking system), intended purpose and use of engagement quality evolves as the audit itself continues to be reshaped with new technologies and
deliverables, public perception, and whether the services would be unethical methods that can create a better experience for clients and our teams.
or inconsistent with our Values, as well as factors specific to the type of
engagement. Where client or engagement acceptance or continuance decisions Across our global organization, we’ve strengthened the consistency and robustness
pose significant risks, additional approvals are required. Read more in our Global of our system of quality management that enables compliance with the International
Transparency Report 2022. Standard on Quality Management (ISQM 1), issued by the International Auditing and
Assurance Standards Board (IAASB), which took effect on 15 December 2022. We
consider this to be a transformational and fundamental change for KPMG firms. Find
out more about our relentless focus on quality in our Global Transparency Report 2022.
OUR IMPACT IN BERMUDA 2022 11

Client confidentiality, information Acting transparently with integrity


security and data privacy and accountability
The importance of maintaining client confidentiality We’re committed to the highest standards of personal and
is emphasized through a variety of mechanisms, professional behavior in everything we do.
including our Global Code of Conduct. We
have policies that address information security, The KPMG Global Code of Conduct (the Code) outlines
confidentiality and data privacy. Member firms our ethical principles and expectations as to how all
also provide their personnel with annual training KPMG people treat each other, clients and the public. It
on confidentiality, information protection and data demonstrates how our Purpose and Values inspire and guide
privacy requirements. all of our behaviors and actions. It defines what it means to
work at and be part of KPMG, as well as our individual and
collective responsibilities. We regularly review our Code
to make sure it’s a clear reflection of these principles and
Speaking up safely expectations. In addition, all of our people are required to
confirm their understanding of, and compliance with, the
KPMG has a detailed approach for monitoring and Code upon joining KPMG and thereafter on an annual basis.
reporting any illegal or unethical acts. Our Global
Code of Conduct and policies and procedures set out Consistent with being signatories to the UN Global Compact,
a clear process for anyone seeking advice or wanting we work against corruption in all of its forms, including
to report illegal or unethical behavior, and we openly extortion and bribery. The Code clearly states that we don’t
encourage a culture of speaking up without any fear tolerate illegal or unethical behavior within KPMG or from
of reprisal. We prohibit retaliatory behavior when our clients, suppliers or public officials with whom we work.
people report ethical issues, breaches or suspected Bribery and corruption are unethical, even in situations where
breaches in good faith. it might not be considered illegal in a particular jurisdiction.

KPMG firms are required to establish, communicate All KPMG firms are required to have processes to assess
and maintain clearly defined channels to allow KPMG prospective clients, third parties and suppliers in relation to
people and third parties to make inquiries about, bribery and corruption. Firms must also assess their bribery
raise concerns in relation to, provide feedback on, and corruption environment annually and establish and
and notify of reportable matters without fear of maintain processes to monitor, manage and control how their
reprisal, in accordance with applicable laws and personnel and their agents interact with government entities
regulations. and government officials so as to ensure compliance with
applicable laws and regulations and to maintain public trust.
Supporting our speak-up culture, KPMG International Find out more about our position on bribery and corruption.
has a hotline which is a mechanism for our people,
KPMG firms’ clients and other third parties to We take seriously any incidents that are inconsistent with our
confidentially report concerns they have relating to Values or in breach of the Code. As an industry we must have
any activity by KPMG International, KPMG firms or the highest standards of integrity.
KPMG people.
OUR IMPACT IN BERMUDA 2022 12

PEOPLE
OUR IMPACT IN BERMUDA 2022 13

Investing in
Bermuda’s youth
Providing opportunities to young adults who are
Bermudian or PRC holders finishing their education and
beginning their careers is one of KPMG’s main priorities. Garita Coddington
In line with our commitment to Goal 4 of the UN SDGs, our Lift Off Program The Lift Off Program is a crucial aspect of KPMG’s
is designed to provide skills development, the opportunity to interact with commitment to supporting the next generation of
our client engagement teams, as well as exposure to professional networking Bermudian talent and future leaders. As Senior Manager of
to accelerate their careers. Within the program, we offer work shadow Learning and Development, I am passionate about working with
opportunities for high school seniors, scholarships, summer internships, co- our team to build capacity and sustainability by making this program
op placements, and the graduates program. The Lift Off Program is targeted
inviting, career development focused, exciting and engaging for
towards selecting graduates to join our training program as Staff Accountants.
Staff Accountants, as we want to attract the best and retain them.
The opportunities we provide to young people allow them to learn, The Lift Off Program offers a range of initiatives designed to
excel, and prepare for their future in the corporate sector. empower young people with practical experience and knowledge.

Our program targets selecting graduates to join our training


program as Staff Accountants. We aim to equip them with the
necessary skills, competencies, exposure, and professional
projects with networking opportunities to fast-track their careers
in the corporate sector. We have been intentional with building
more collaborative relationships with our learning institutions
here in Bermuda, to provide opportunities for students from work
shadow programs for upper middle and high school students
to scholarships, summer internships, and co-op placements. At
KPMG, we are dedicated to fostering a culture of learning and
development and the Lift Off Program is just one example of how
we are helping to shape the future of Bermuda’s workforce.
OUR IMPACT IN BERMUDA 2022 14

Internships
Every year KPMG in Bermuda offers Here are the following charity projects the interns participated in 2022:

a 12-week summer internship to Masterworks Foundation The MIRRORS programme of Bermuda


a select number of Bermudian Masterworks Museum of Our interns worked with the
undergraduates. Bermuda Art showcases
Bermuda-inspired art
MIRRORS Programme, which
provides services such as
and fosters cultural counseling, workshops, and
While many would assume that these internships appreciation. Our interns community service. They
specialize in accounting, they range greatly helped update HR and created a database to collect
from placements in Audit all the way through to disaster preparation student information and shared
Marketing. While it is important to expose the policies, gaining valuable their ideas with MIRRORS.
interns to our professional working environment, it work experience.
is also important to show them the importance of
giving back to the community.

Starting from Day 1, we introduce our interns


Bermuda Diabetes Association
to the different charities we help and support Bermuda Diabetes
and fully involve them in participating in helping Association aims to educate
the community. individuals about diabetes.
Interns made a donor
database with subcategories
for members, volunteers,
and past donors, making all
their information organized
and easy to review. The interns were even invited to
return next year for a fundraising event.
The Family Centre
The Family Centre
helps children with
emotional, social,
behavioral, and trauma-
based challenges. In 2022, the interns had three
goals: Fund Development, Operations, Counselling
and Community, and Organization.
OUR IMPACT IN BERMUDA 2022 15

K-Nect Scholarships
KPMG values the education of young people and seeks to Providing opportunity for Bermuda’s youth
launch hundreds, if not thousands, of careers world-wide. is in paramount to KPMG. Our scholarships
provide Bermudian undergraduates and
KPMG strives to launch the career of students in Bermuda through our internship,
co-op, and graduate programs which allow firsthand experience in their suggested postgraduates with financial assistance,
career paths. By hosting information sessions for students, teachers, and parents,
the next generation knows how they can start a career with us and what we offer.
guaranteed summer internships, co-op
This year we were able to return to an in-person K-Nect event in July where there
placements, an invitation to an exciting
was a great turnout of university students intrigued about what KPMG offers for and rewarding career through full-time
the start of their careers. Our K-Nect events are to inform, network, and encourage
rising students who want to learn more about what KPMG has to offer regarding employment with KPMG, and a future full
their future. of opportunities.
OUR IMPACT IN BERMUDA 2022 16

KPMG in Bermuda Scholarship Frontier’s 2022 Scholarship


The 2022 KPMG in Bermuda scholarship recipient is Charlie Jackson, a 2020 The 2022 Frontier’s Scholarship recipient is Makeda Bridgewater, a 2018 graduate
graduate of Oundle School, UK. of Framingham High School, US.

Charlie commented: Makeda commented:

Finding out that I am the KPMG 2022 Scholarship recipient I am so honored and humbled to be chosen as the 2022 Frontier
was one of the best moments of my life. I am honored and Scholarship recipient. I would like to extend my gratitude for this
incredibly grateful to the scholarship committee for giving me generous contribution towards my academic success. After
this opportunity and cannot wait to make the most of it. interning at KPMG for the past three summers, I know for sure
that obtaining my CPA and becoming a certified accountant is the
At school, I learnt that business decisions are based on path that I am most passionate about. The Frontier scholarship not
financial information and that accountants have a crucial only provides me with the resources to do so but allows me the
role in providing it. I have always enjoyed problem opportunity to return to a world-renowned company (KPMG)
solving and working with numbers. Both of my with the guidance procedures set in place that will allow me
parents work in financial services and my father is to excel in my professional career. To me, receiving this
an accountant. These are all factors that led to me scholarship symbolizes what can be done through hard
studying Accounting and Finance at the University of Edinburgh, where I am work, perseverance, and an incredible support system
currently in my third year. This scholarship and the KPMG Graduate Program both personally and professionally. Thanks to both the
will enable me to achieve my goals obtaining my ACA-UK accounting help of Frontier and the support of KPMG I am able to
designation and enter the industry at one of the world’s leading accounting finish my education and begin on a path that will propel
firms (KPMG). me into a prosperous career in the accounting industry.

Congratulations to Charlie and Makeda. We are excited to be working Congratulations to Makeda on being selected as the recipient of the
with them over the next few years and to welcoming them into 2022 Frontier Scholarship. We were impressed with her academic
KPMG’s Lift Off Program. They can both look forward strength, leadership, her well-directed sense of community, and philanthropic
to a great future and a fantastic career with KPMG responsibility making Makeda a well deserving
when they graduate from university. We also really recipient of this award. We are proud to do our
appreciate the support from Frontier in funding part to help talented Bermudians, like Makeda,
their scholarship and in continuing to promote to continue their education and achieve their
the development of the accounting profession professional goals and we remain grateful in
in Bermuda. working with KPMG in this endeavor.
Steve Woodward Derek Winch
Partner CEO Frontier
KPMG in Bermuda Financial Services Limited
OUR IMPACT IN BERMUDA 2022 17

Graduate Program
Our firm ensures that our Staff Accountants are given trainings to excel and learn more during their time here.
For a total period of 30 months of study and work experience, we ensure our Staff Accountants are evolving in their career. We provide university graduates with high level
trainings, educational and finance assistance, a competing starting salary, and other benefits. In return we ask for hard work, especially towards gaining their qualifications and
their development into certified accountants.

Throughout their time within the firm there are different opportunities to grow as individuals through soft skills and training. Our first-year Staff Accountants found many benefits
within the training made available and here is what they had to say...

One of the most influential trainings KPMG provides everyone with access The trainings that were provided to me
I have had this year includes the to a huge variety of trainings available on by KPMG were helpful because they
LinkedIn profile training that was offered. This the LinkedIn Learning platform. I have found this helped me understand the basic knowledge of
training was designed to provide KPMG staff to be beneficial as I am able to tailor my trainings KPMG’s Values and ethics, code of conduct, ESG
useful tips and tricks to revamp their profile in to support my personal development. Throughout functional strategies, and many more. KPMG is a
order to increase professionalism and to reach the year, I have been able to gain useful tips and professional firm and wants to handle everything
various audiences. I learned some key pointers tricks on a range of topics, including successful internal or external in a professional manner.
going forward concerning what is effective and communication, enhancing productivity, and These trainings show us how and why this is the
impactful when marketing my own personal building relationships. These trainings have aided most important element to KPMG’s continued
brand, and when seeking to expand my in developing my soft skills to improve my ability success. The trainings have impacted me in so
connections with industry professionals alike. to deliver impact, inspire trust, while continuing to many ways and they have helped me with my
seek growth. journey through KPMG.

Ashley Mikayla Kyran


Farrington Desilva-Jacome Simmons
OUR IMPACT IN BERMUDA 2022 18

Global Advantage
Program
The Global Advantage Program gathers the top KPMG talent
from around the world including 120 college students,
majority being seniors, five Partners, and twenty recruiters
and instructors.
In 2022, the program was held in Denmark where Sihlé Sharrieff-Hayward, one of
our Staff Accountants, and Owenea Roberts, an intern who started her first year of
university this year, attended the program. At Global Advantage, there was leadership
training, networking, guest speakers, client visit, and an amazing opportunity to
explore the city.

Partners with more than twenty years of experience in the industries of Tax, Audit,
Advisory, and Recruitment were able to network with the students who were
representing multiple countries around the world. Through the different training
provided to the students they were able to learn how to focus on differing professional
communication styles, the Platinum rule; treat your client the way they want to be
treated, and presentation skills.

In June 2022, I had the amazing opportunity to participate in KPMG’s Global Advantage Program in Copenhagen Denmark, along with 120 students from
across the globe.
I was able to engage in a variety of workshops focusing on the value of leadership skills, social styles, and cultural awareness. I also had the opportunity to
explore this beautiful European city in its most raw form… from getting around like the locals, getting a taste of Copenhagen’s cuisine, cruising the canals and a
client visit to Den Blå Planet (Copenhagen’s National Aquarium)! In addition to that, I was able to meet and connect with many professionals within KPMG who
were so enthused to answer any questions I may have had and to share their own experiences with me! I also cannot forget about the new friends I have made
from across the globe, and I cannot wait to reconnect with them again throughout our journeys with KPMG.
Lastly, I am so grateful to KPMG in Bermuda to have had this once in a lifetime educational and explorative experience and I’m looking forward to bringing what I
have learned with me in my global future with KPMG.

Sihlé Sharrieff-Hayward
Staff Accountant, Audit
OUR IMPACT IN BERMUDA 2022 19



The One Young World Summit brings
together young aspiring leaders
from all around the globe, to partake in an One Young
In September 2022, I had the
opportunity to attend the One Young
World summit in Manchester, England as a

World
action-packed week of panel discussions, KPMG in Bermuda delegate. I was delighted
workshops and networking. We heard from to go as the summit allows young adults, like
incredible young entrepreneurs who are myself, to come together for a higher purpose.
doing remarkable things in their communities Over the course of three days, I attended
around the world. It was a truly eye-opening presentations, and participated in action
experience and such a privilege to attend this workshops surrounding multiple subjects
summit on behalf of KPMG in Bermuda. I The annual One Young World Summit in different areas. I met young leaders from
had the opportunity to meet colleagues from brings together over 2,000 of the around the world. With limited resources,
KPMG offices across Europe, North America, some people I met created educational
and Asia, as well as network with people brightest young leaders from every devices, mental health apps, costal reef
working in completely different industries to country and sector, working to restoration plans, and different community
my own. The experience was incredible, and
I returned home to Bermuda empowered
accelerate social impact both outreach programs. All the initiatives are
helping people acquire the knowledge and
to make a difference in areas that I am in-person and digitally. support they need; but what is different with
passionate about serving. the Baucicot’s youth program initiative is he is
KPMG in Bermuda sent two individuals to the One
spearheading it with the assistance of KPMG
Young World Summit to meet, experience, and learn
Dayna Darby about different individuals’ work with community and in Canada. He was able to launch the program
Senior, Audit becoming leaders. as an intrapreneur. Intrapreneurship was a new
concept to me. An intrapreneur is a person
who is in-charge of launching a new project
or product within a company.
I hope to be an intrapreneur
for a range of community-
based projects at KPMG in
Bermuda. As I’ve been
inspired to be an active
environmentalist and
humanitarian in
Space for image
my community.

Rickie Williams
Staff Accountant,
Audit
OUR IMPACT IN BERMUDA 2022 20

Wellness
The commitment to and wellness of our people Employee wellness program Employee assistance program
A key priority for our firm, is the mental and physical At KPMG, our Wellness Program was formed to tend While all our staff are provided with a best in class
health of people both within our local community, to and maintain our people’s health and wellbeing. health insurance program, they, as well as their family
but also within our firm. Our Wellness Committee The program provides several advantageous members, are also granted access to complimentary
plays a huge role in keeping our staff as mentally opportunities and services to our staff, these free and confidential counselling sessions. Although
and physically healthy as possible, so that they can include in-house health and wellness lunch and learn financed fully by the firm, the Employee Assistance
perform to the best of their ability professionally. sessions, reduced corporate rates for local health/ Program (EAP) is provided by a local, and independent
Over the last 12 months the Committee, despite the fitness club memberships, and firm sponsored entry counselling service. Through this service, our
challenges and restrictions that COVID has imposed, fees for sporting events. This program also seeks employees are provided a space in which they
has managed to organize several events and to ensure the safety of our people in the working address all problems ranging from personal to work
initiatives that our employees have become involved environment. To ensure this even more, employees related matters.
with, including monthly football matches, weekly are offered a security service to be accompanied to
cricket sessions, various running events, swimming their car after work if they feel unsafe.
lessons and Wellness Wednesdays. All these
events provide our staff with the chance to meet
new people, get some fresh air, push themselves
physically as well as mentally, and become educated
on food and diet.

As Head of People, I am proud to say that our commitment to the mental and physical wellbeing of our
staff goes beyond just talk. Our Wellness Committee has worked tirelessly to organize a variety of events
and initiatives that allow our employees to not only stay healthy, but also to connect with each other and learn
about healthy living. Prioritizing the mental and physical wellbeing of our staff not only benefits our employees,
but also creates a ripple effect of positive impact on the community. At KPMG, we believe that investing in the
wellbeing of our people means investing in the betterment of Bermuda as a whole.

Adam Smith
Partner, Head of People
21

Other events held by the Wellness Committee.


Yoga classes at KPMG World Triathlon
Class is in session at KPMG. The Wellness Bermuda hosted the World Triathlon
Committee hosted a series of bi-weekly yoga Championship Series once again in November.
classes to give staff the opportunity to de-stress To see athletes push themselves to complete
their minds. The ten-part series conducted by the whole marathon is amazing to see. It was
Inspired Fitness was back by popular demand no shock to see Bermuda’s very own Dame
and will have two sessions conducted by Flora Duffy win the series and keep her title as
KPMG’s very own Nadine Pander. World Champion.

In the age group races, KPMG Advisory Senior


Manager, Will Green participated. Will was able
CPR and First Aid Training to land third place after a vigorous race, bringing
home the bronze.
The health and safety of those around us has
always been important to us at KPMG. This
year the Health and Safety Committee offered
regular CPR and First Aid Training to all its
staff. The blended course which incorporates
Beat the Couch
online modules as well as in-person learning
was attended by 11 staff members with The importance of maintaining your health and
an additional 25 on the waitlist for the next fitness is a key attribute to living a long life. At
available session. KPMG, we encourage our employees to join in
on events that the Wellness Committee puts
There are many benefits to being CPR and First together for employees to get their bodies
Aid Certified. Not only is it a lifesaving skill, but moving. By working with Beat the Couch, this
it can reduce workplace accidents, create a organization provided expert trainers and the
more positive work environment, and once you energy and support to encourage the employees
learn the skill it can be used anywhere. participating to do the best they can.

At KPMG we are committed to making our


work environment healthier, happier, and safer
for everyone!
OUR IMPACT IN BERMUDA 2022 22

Diversity, Equity,
As a DEI committee
member at KPMG,
I am proud to say that our
commitment to diversity,

and Inclusion (DEI)


equity, and inclusion has had
a significant impact on our
organization. Our inclusive
and diverse workforce allows
Countries where this year’s new
us to tap into a wide range
of perspectives, ideas, and
hires represent
KPMG in Bermuda focuses on its ability to see experiences. By fostering an
environment where everyone
Argentina Philippines

the world through various perspectives. feels valued and respected, Barbados Rwanda
we have created a culture of Bermuda South Africa
Due to our inclusive and diverse workforce, our people can collaboration and innovation
effectively collaborate and feel empowered to voice their that enables us to deliver the Canada Spain
opinions. Only by creating an accommodating work environment best possible outcomes for our
can we reach our full potential and provide our clients and Haiti Switzerland
clients and community.
community with the best possible outcomes. India Trinidad and Tobago
We recognize that diversity
How do we define diversity, equity, and inclusion at KPMG? goes beyond race and gender, Japan Uganda
and we are committed to
Kenya United Kingdom
ensuring that all forms of
diversity are celebrated and Pakistan United States
Diversity is about difference embraced. Our focus on DEI
has helped us attract and
We commit to embracing and respecting the variety of unique retain top talent from diverse
experiences, cultures, identities, and perspectives we collectively backgrounds, which has
bring to KPMG. enriched our organization in Inclusion and diversity stats
countless ways.

Equity is about access to opportunities


At KPMG, we firmly believe
that only by creating an 51% 49% 29%
accommodating work
environment can we reach
women women Women in
leadership
We commit to standing against systematic barriers and biases. 2021 2022
We help level the playing field with the aim of having everyone our full potential as a firm. By (Partners and Directors)
succeed and thrive at KPMG. empowering our people to
voice their opinions and be
their authentic selves, we are Number of
building a culture of inclusion Promotions New hires
employees
that will benefit us all for years
Inclusion is about belonging to come.
Women 73 19 25
Men 77 21 28
We commit to creating a safe environment built on trust; where
we can bring our true authentic selves to work and feel valued for Sarah Robey Countries 30 N/A 18
our unique contributions and perspectives. Chair, DEI committee
OUR IMPACT IN BERMUDA 2022 23

WeSpeak International Women’s Day


WeSpeak is an organization created for women by women in Bermuda. Their focus The array of purple among the office and our staff truly showed the support for
is for women’s professional development that give’s them confidence to speak out in women. KPMG sponsored and attended the City Hall event for International
corporate communities. By providing a supportive environment for women, WeSpeak Women’s Day which is a great community event. Displayed in the office were
coaches and trains to build confidence and gives speaking opportunities to women. opportunities to purchase balloons and candy for charity and notes with words of
KPMG was able to sponsor the WeSpeak bootcamp for women and send our own encouragement for the women in the office.
women to participate in the initiative.
Individuals use many basic toiletries daily; it is routine in our everyday lives. In
Bermuda we may not often think about those who don’t have access to adequate
hygiene products. However, during International Women’s Day KPMG encouraged
all staff to donate to support Teen Haven.

Teen Haven is a charity established to empower youth, primarily at-risk girls. Some
of the items our KPMG team donated included soaps, oral hygiene products,
feminine products, and clothing amongst other things. The recipients of the
toiletries were extremely grateful and our team at KPMG enjoyed participating in
the toiletry and essential item drive.
OUR IMPACT IN BERMUDA 2022 24

Cup match Pride


Nothing beats fun in the sun during Cup match, or fun in the office! Whether you’re As part of our focus on Inclusivity, we supported and participated in the 2022
a Somerset or St. George’s fan, it is important to remember what the holiday is all Pride Parade, to show our support for the LGBTQ+ community. We started off
about. Cup match commences on Emancipation Day, one of the most monumental the celebrations by hosting a Happy Hour event within the firm. This was held on
events in Bermuda’s history to remember the abolition of slavery. Bermuda has a Friday afternoon and the turnout was fantastic. Seeing colleagues supporting
come a long way since then but it’s safe to say it’s a great time of the year. We the movement by wearing colorful clothes was amazing, it matched the color
commenced the holiday festivities by giving out Somerset and St. Georges cookies, coordinated drinks that were provided. Although the festivities had to be held in the
duch pops, and johnny bread as tasteful treats. Not only did we have treats but also training room, activities such as face painting and corn hole were still carried out to
incorporated games and activities to get everyone in the spirit of Cup match. There bring fun and support into the office.
was a scavenger hunt followed by Crown and Anchor to truly embrace the culture
during this time. In the lead up to the Pride Parade, there was a lunch and learn session provided
for the firm. We were fortunate to have been joined by three key members of the
Pride Bermuda Network- Chen Foley, Ravi Pachai and Steven Boyce. The panel
discussed a range of topics from their own personal experience to their involvement
in the groundbreaking Bermuda Bred case, and the future of same-sex marriage
in Bermuda. It was incredibly interactive and an insightful session which brought
colleagues conversing on ways to make our work environments more inclusive for all.

Even on an extremely hot August day, a cohort of KPMGers took to the streets of
Hamilton to join the Pride Parade. Representing the cause with our KPMG Pride
t-shirts, family and friends walked, enjoyed, and cheered together around the city
starting at Victoria Park. The array of rainbow flags and smiles among everyone’s
faces truly showed the love and support for the community that has gone through
much turmoil through the years, now receiving the recognition and acceptance.
OUR IMPACT IN BERMUDA 2022 25

PLANET
OUR IMPACT IN BERMUDA 2022 26

Our
environmental goals
Climate change, biodiversity loss and pollution affect us all and
demands robust action.
Since we launched our Global Climate Response in 2008 as well as committed ourselves to the
UN’s 17 SDGs, we’ve been actively seeking ways to reduce our environmental impact globally. Over that
time KPMG has set ambitious targets for reducing emissions and using renewable electricity. We seek to
become Net-Zero Carbon by 2030, which would entail a 50% reduction of direct and indirect greenhouse
gas emissions by 2030.

To guarantee a high level of assurance, we have begun reporting on our carbon emissions and other
environmental-related metrics annually as reported on page 4.

KPMG ESG KPMG’s Global ESG strategy


Our commitment to our communities and the ESG issues are extremely important to KPMG and are
environment has become inline with our ESG goals and becoming more relevant in every industry around the
strategy we incorporate in our lives. We also support world. ESG is the watermark running through KPMG which
our clients to transform their businesses and supply empowers our people to become agents to positive change,
chains to rapidly reduce their carbon impacts and allowing them to provide better solutions and services to our
develop their ESG strategy. By bringing the expertise clients. At KPMG, we believe there is an obligation to support
of KPMG professionals from across the world to bring the communities we serve and drive measurable change that
guidance to clients about reducing carbon emissions, has an impact.
transitioning to renewable energy and integrate
climate risk into corporate strategies. We also advise KPMG’s ambitious ESG strategy consists of three pillars:
extensively on green finance and continue to work with Transformation, Reporting and Assurance. The areas of focus
the World Economic Forum to drive systematic change for the strategy will be employee training, capability need,
to accelerate the energy transition. solutions, partnerships, and data and technology.

KPMG’s Global ESG strategy positions the firm as an


organization that exists primarily to make the world a
better place.
OUR IMPACT IN BERMUDA 2022 27

Making an
environmental
impact
Ensuring that we at KPMG do everything in our
capacity to reduce our carbon footprint is one
of our top priorities, as part of our broader
ESG commitments.
As times begin to normalize since the pandemic, the goal of being
an environmentally friendly firm remains a priority. This year we truly
encouraged change in and out of the office. This includes:

becoming Beyond Plastic Champions,

using LED lighting on all floors,

enabling timers on LED lights and air conditioners


to ensure electricity is used efficiently,
KBB
minimizing waste by improving our recycling system; and Our Green Committee joined
up with Keep Bermuda Beautiful for
donating our retired furniture to Teen Haven, a non-profit their monthly community cleanup at
organization that provides services for teens. This reduces the Mary Prince Park and Devonshire Bay. This
volume of waste we produce and benefits a worthy cause. was an open registration for anyone to sign
up and help make an impact on helping the
environment and truly keeping Bermuda
beautiful. By coming together as a community,
we were able to make an impact on the islands
litter while bringing coworkers and their families
together for a good cause.
OUR IMPACT IN BERMUDA 2022 28

Green Beyond Plastic Bermuda (BPB) is a collaborative

committee
campaign created by the island’s environmental
nonprofit groups. BPB’s goal is to support the Bermuda
Government’s intended ban on single-use plastic and
to bring change into the community by educating the
public about plastic pollution. By coming Beyond Plastic
Champions, it encourages other business to ensure we
are all taking the steps to reduce single-use plastics
Reduce, reuse, and recycle is a constant mantra usage. We at KPMG took the following actions to
of KPMG’s Green Committee when it comes to become Beyond Plastic Champions:
Worked with cleaners to ensure all recyclable
sustainable living. materials are placed in blue bags or bins and not
thrown in with the regular trash.
Our Green Committee prioritizes the environment and encourages
Revamped standard drink orders to ensure all
our staff to do the same in the office and out.
beverages are in glass, aluminum, or paper cartons.
Whether it is cleaning up railroad trails, beaches, reduction of plastic All kitchens are stocked with reusable cutlery,
or energy, this has been achieved throughout the years by our Green dishes, cups, and containers.
Committee and staff who have volunteered to make in impact on our
Actively work with caterers to ensure they use
island and in our office.
minimal plastic.
Moved more catering inhouse to ensure we could
Through participation in community clean-up
control the amount of plastic purchased, could bring
efforts, lunch and learns with local environmentalists and reusable containers or bags.
making corporate commitments to reducing our single-use
plastic (SUPs), the KPMG Green committee provide staff
with the necessary education and tools to adopt long-
lasting, sustainable practices in the office and at home. The James Berry
committee is excited to continue raising awareness for local CEO
green initiatives and arming our staff with the skillsets needed
to become life-long eco-champions. Together. For Better. KPMG is excited to support the Beyond
Plastic campaign by committing to reducing
its reliance on single use plastics. We are proud to
operate in Bermuda and it is paramount that we do
our part to keep our island home beautiful, healthy,
and thriving. By becoming Corporate Champions, we
will continue to strive to make a difference as a firm as
well as encourage our staff to adopt long-lasting green
habits which they will promote and share with their
family and friends, in Bermuda and beyond.

Taylor Heron Kuda Tichiwangana


OUR IMPACT IN BERMUDA 2022 29

BUEI Bermuda
Youth Climate
Summit
The Bermuda Underwater Exploration
Institute (BUEI) has been educating
and inspiring Bermuda’s community on
ocean-focused environmentalism and
marine history for nearly 25 years.
Their initiative to create the Youth Climate Summit is
to bring young people who are passionate about the
environment and participate in a week long annual event
that takes place in November. With the importance
of the environment, KPMG is proud to sponsor this
initiative and support their cause through promoting
their events and supplying them with environmentally
friendly objects such as reusable water bottles, wooden
snake puzzles, and metal cutlery packets for the
students in attendance of the events.

The Bermuda Youth Climate Summit is open to


students aged 13-22 and educators. Participants hear
and speak with experts, leaders, and activists from all Credit: BUEI
around the world. It is an important initiative that we at
KPMG are proud to support for the next generation to
be able to take care of the environment and create their
own initiatives for what they want to accomplish when
it comes to saving the environment.
OUR IMPACT IN BERMUDA 2022 30

PROSPERITY
OUR IMPACT IN BERMUDA 2022 31

Make a
Difference Day
KPMG in Bermuda’s Make a Difference Day (MaDD) is
a hands-on volunteering day where our employees
give their time to make a positive difference in our
local community.
Our people get first-hand experience volunteering and gain a better
appreciation of the importance of contributing to their community.
They are also encouraged to continue the relationships with the
charitable and service organizations we support. With hundreds of
person-hours donated in a single day, we make a significant impact, in
a very short period.

This year’s MaDD took place at Teen Haven whose mission is to


empower Bermuda’s youth by promoting healthy development,
through ongoing education, counselling, and support. All KPMG staff
showed up and stood out as we transformed the Teen Haven grounds
into a more welcoming environment for its clients, from landscaping
to painting and cleaning, we addressed whatever was needed at the
Teen Haven property.
OUR IMPACT IN BERMUDA 2022 32

MOvember
November has become an important month for the men
in all different departments to participate and raise
money for the amazing ‘taches cause of MOvember.
From clean shaven to amazing ‘staches in support of the Bermuda Cancer
and Health Centre, the office was full of fellow colleagues rocking creative
KPMG would like to thank styles of mustaches.

our MObros and MOsistas To raise money throughout the month of MOvember there was a raffle, bake
sale, donations, and other fun ways which included the KPMG World Cup
for their dedication to Sweepstakes and World Cup Fantasy Football in support of Movember. With half
a great and important of the proceeds going towards the Bermuda Cancer and Health and the other
half going to the winners of each pool of first, second, and third place.
cause. Collectively, they
were able to raise $10,213
for the Bermuda Cancer Come dine with me fundraiser
and Health Centre. To support Bermuda Cancer and Health’s
MOvember initiative, KPMG did an internal
fundraiser called Come Dine with Me. The
fundraiser consisted of five themed dinners
hosted by Partners and Directors, where staff
members could bid for a seat starting at $100.
All the proceeds from the bidding went towards
MOvember. The dinner themes in 2022 included
a South African Braai, Canadian feast, Scottish
Burns night, Curry night, and a Wine and Whisky
night. Individuals could replace someone
who already secured a seat up until 48 hours
before the dinner. After attending the dinner, all
participants were required to rate the meal and
hosting. The Partner/Director with the highest
score was awarded the highly coveted Come
Dine with me Spork trophy.
OUR IMPACT IN BERMUDA 2022 33

Relay for Life


In Bermuda, Relay for Life (RFL) seeks to promote general
awareness among people by bringing together survivors and
warriors of cancer. The annual event raises funds for Bermuda
Cancer and Health Center which provides the highest standard After not having the
of early detection, treatment, support, care, and education in
Bermuda.
event for two years
due to the COVID-19
This year KPMG staff partook in the 18-hour walk/run-a-thon,
which raised money through raffles both internally and externally
pandemic, KPMG
which offered up a variety of items from beach gear, to cleaning staff were elated
products, and a movie night package. In addition, the annual
Walk-the Plank event saw employees at KPMG battling to stay
to get back to the
out of the Hamilton Harbor raised over $13,000 for RFL. The track and enjoy the
Walk-the Plank event is one of the highest donations generating
events hosted by KPMG. Whilst, our Golf Day at Turtle Hill saw
comradery of
an influx of competition and banter between staff throughout the the event. We
day. Numerous other festivities such as our Wine Tasting event
and Movie Night also proved to be a great hit and ultimately
raised over
support a great cause. $13,000.

Golf Day
Although COVID-19 has impacted the way we held events it
never deterred us from supporting charities. In 2022, we were
able to reunite in person in support of raising money for RFL. The
annual Charity Golf Day, which was held on April 30, 2022, is an
initiative geared to supporting Relay for Life. The event which
was held at the Turtle Hill Golf Club brought staff together from
all departments. Two tables were set up throughout the course
to raise funds by selling food, beverages, and raffling a BBQ
basket throughout the event.

Since this was the first event since the COVID-19 Pandemic, it
allowed everyone at KPMG in Bermuda to come together for a
great cause and raise money for RFL.
OUR IMPACT IN BERMUDA 2022 34

Ignite
Ignite Bermuda was establised three years ago to support Bermudian entrepreneurs,
and since that time, the ecosystem has grown steadily to over 400 strong.
KPMG is proud to be a key partner Bermuda’s entrepreneurial leaders
in supporting the expansion of the for years to come. We are grateful to KPMG
Ignite network of entrepreneurs to for their support for
create jobs and economic growth Highlights from the Cohort 4 and Ignite since inception. The advice
and diversity in Bermuda. 5 Metrics they provide to the cohort on
financial awareness and knowing
Ignite’s Entrepreneurial Accelerator 1 The overall impact rating for the numbers has benefited the
Programme continues to be the Cohort 4 and 5 was over 80% local entrepreneur community
focal point of the team’s activities, immeasurably.”
offering two paths for successful 2 Mentor quality and impact for
Cohort 4 was 70% and it was — Don Mackenzie
applicants. The first being the
80% for cohort 5. Co-founder of Ignite and
Core Accelerator Programme
which takes up to 34 startups Chair of Ignite
through an intensive programme 3 Top ranking elements in
the ecosystem include: The importance of
of enablement, expert support, and Enablement, information collaboration of KPMG
entrepreneurial development. The sessions, and an and their volunteers is critical to
second path is a series of monthly expanded network. increasing the skills necessary to
workshops as part of the Fuel Your
build job creating and profitable
Ambition Series. Both paths are 4 When asked what statements businesses for Bermuda.
self-driven and designed to build best resonate with them, 88%
a community of support around of Cohort 5 said, “I am more The entrepreneurs and community
entrepreneurial leaders. entrepreneurial as a result of leaders highly value the time
the Program.” and expertise that the KPMG
Ignite works closely with community
volunteers contribute. Having a solid
leaders, mentors, and experts 5 NPS score was 100% for C4 understanding of the financial model
such as KPMG, who provide and C5, “I would recommend and status of their businesses is
invaluable support and guidance Ignite to someone applying.” fundamental to success.”
for the Ignite entrepreneurs who in
turn, build incredible businesses. 6 Each cohort is asked to report — Sean Reel
Ignite continues to ensure that key impact themes; Cohorts Executive Director,
their Accelerator Programme 4 and 5 shared the following: Ignite Bermuda
paths remains effective by testing “supportive”, “transformative”,
opportunities and resources so that “growth” and “inspiring.”
we meet the changing needs of
OUR IMPACT IN BERMUDA 2022 35

Our employee’s
Garita Coddington, Senior Troy Dort, Directory, Advisory, has
Manager, Learning and been involved with Youth Athletic
Development in Bermuda, as Organization Baseball in Bermuda
well as KPMG Islands Group- since 2014. His commitment to the
which incorporates five operating program has been unwavering, and

charity work
entities over 12 jurisdictions, he is currently coaching the 2023
approximately 2,800 total learners. YOA Longtail 10U travel team as
She is a leader who is passionate well as the T-Ball 10U team.
about assisting and supporting her
community in various ways. Troy’s passion for empowering young people
continues as he also coaches The Bermuda High
Felicia Wilsen Director, Audit Garita has been a member of the Bermuda School’s U6 Youth Soccer team. Troy spends about
Enterprise in Bermuda, has made Zoological Society since 2016, as the Chairperson eight hours each week coaching these teams, and
significant contributions to various of Education. As a former educator, with over 20 through his efforts, he has helped to develop
charitable causes in her community. years’ experience, as a teacher, mentor, coach, and children that have great potential and give them
Notably, she has donated audit principal, her love for education empowered the BZS the opportunity to have a bright future in sports.
services to 12 hand-selected charities education committee. BZS now proactively engages This leaves room for them to potentially get
approved by the Corporate with all primary and middle school science teachers sports scholarships to aid them in funding
Citizenship Committee, focusing on to work more collaboratively to enhance the their further education.
youth and education. facilitation of more hands on, project-based learning
experiences for our students. This approach also On top of his coaching, Troy is a member of the
Felicia has devoted her time to mentoring young people incorporated upskilling educations with workshops fundraising committee for the Waterstart program.
through the Ignite program. She and five others rotate and modeling teaching lessons. This approach has Waterstart is a charity whose mission is to promote
to be available for members every Thursday, answering assisted with improving student performance on the environmental awareness and personal growth
accounting questions and providing financial advice, Cambridge science curriculum. through hands-on educational opportunities in natural
guiding them through their business operations from environments. They have developed, and continue
start to finish, and checking in on them through Garita also serves on the Berkeley Institute Board to expand upon, a collection of highly successful
quarterly catchups. of Governors. She has served on the Board of her outdoor education programs. Programs typically
alma mater for a total of four years. She works involve training in snorkeling, scuba diving, boating,
In addition, Felicia volunteers at the Bermuda Zoological alongside the Chairman of the Board, former KPMG conservation, and marine science. These programs
Society (BZS) as the Assistant Treasurer. She keeps Partner, Craig Bridgewater to assist with leadership allow students to embrace new experiences and gain
the BZS Board informed about their investments and development. She was appointed the lead for the skills through experiential learning.
financial activities including managing the Society’s implementation of the Signature Programs adoption
cashflows, budgets, and committee meetings. Felicia of the Berkeley Institute - Health and social services, Currently, Waterstart is going through a
also serves on the board of CPA Bermuda, focusing on and Finance.Her goal is to develop and empower modernization and investment phase of their
education and support for young Bermudians who aspire educators and school leaders to support student campus on Burt’s Island. Troy plays an integral role
to follow a career in accounting. success for their future desired career paths. in working with corporate sponsors to generate the
necessary funding. Troy’s unwavering involvement
Felicia’s outstanding contributions to her community KPMG’s Corporate Citizenship Committee has a and dedication to these programs continues to make
demonstrate her commitment to making a positive hands-on approach to support and assist Ignite with a significant impact on the community and we hope
impact. Her actions inspire others at KPMG to follow in leadership development. Garita facilitates yearly it continues for years to come.
her footsteps and help contribute to wider community learning experiences for cohorts, on the topic of
here in Bermuda. Self-Management: The Art of Taking Control. Garita
also supports Ignite personnel by providing
Troy Dort
leadership and career coaching to support their Director, Advisory
Felicia Wilsen leadership development.
Director, Audit
Garita Coddington
Senior Manager, Learning and Development
OUR IMPACT IN BERMUDA 2022 36

Toys for Tots Emergency aid


12 days of Christmas It is important to us at KPMG to help our communities in
Our annual firm-wide 12 Days of Christmas has always been an immense times of need.
success to give to children in need during the holidays. The Coalition for the
Protection of Children’s Toys for Tots allows for colleagues to donate items for This applies locally and worldwide where we take into consideration how we could
children of all ages with each day having specific themes to follow. make a difference by contributing to individuals who need it.

By collecting items over the twelve days, it allows for children to get items for Ukraine Global Emergency Appeal
Christmas. As a firm, we were able to donate a variety of gifts - ranging from
non-perishable foods, toys, toiletries, school supplies, books, clothing and KPMG in Bermuda along with other KPMG firms around the world have united
more. Through the immense support of our employees, KPMG was able to to support the citizens of Ukraine who have been affected by the military action
donate over 430 items, which we hoped helped to make Christmas exciting and taking place in their country. Driven by our company values, KPMG in Bermuda
fulfilling for children. and member firms around the globe understand the importance of participating
in supporting our colleagues in Ukraine and Eastern Europe. We are committed to
doing what we can to help people and communities in need.

Between staff donations and matching firm


donations, a total of $10,000 was donated.

Explosion Victims Relief


On May 2, a tragic explosion leveled a home in Southampton Parish tragically
killing two guest workers and injuring more. As a firm, KPMG were able to
come together to donate $3,000 worth of grocery and pharmacy gift vouchers
for the victims of this tragic event.
OUR IMPACT IN BERMUDA 2022 37

Other charities
we support
ABIC Education Bermuda Bermuda Junior Bermuda Bermuda
Awards Festival Cycling National Trust Philharmonic

Food Drive for the Bermuda Youth


Climate Summit
BHS PTA
Charity Golf
BIOS Ocean
Academy
Committee
of 25
Crime Stoppers
Annual Film
holiday season 2022 Day Weekend

The Corporate Citizenship Committee


allocated $3,000 to support the Christ
Church Warwick Trust’s food drive
initiative to help those who need it most
during the Holidays.
Family Habitat for Ignite Inter-Agency Jamaican
Centre Humanity Bermuda Committee for Association
Children (IAC) (Bermuda)

Lions Club Bermuda Knowledge Lady Cubitt P.A.L.S. Relay For The Bermuda
Bermuda’s Lions Club got eyewear Quest Compassionate Life Society for the
from KPMG, including reading and Association Blind
sunglasses, to help those in need. Lions
Clubs worldwide gather millions of
eyewear yearly, and KPMG was happy to
participate this year.
Transitional Ukraine Appeal Windreach
Community
Services
OUR IMPACT IN BERMUDA 2022 38

Educational outreach -
The 2022 KPMG Investment Challenge was comprised of twenty teams
from the following schools:

KPMG Investment Challenge (Final standings)

investment challenge Ranking


1
2
3
School
Bermuda High School
Saltus
Bermuda Institute
Team Name
Business of Babylon
SaltusGroup2
Crypto Crooks

Education is a key priority for our firm and KPMG’s Senior 4


5
Bermuda Institute
Berkeley Institute
DollaBillz2024
The Eclipse
School Investment Challenge is continuously a highlight 6 Saltus cockspurs rex
in our calendar. 7 Cedarbridge Academy triple stocks
8 Warwick Academy TheMoneyLaunderers
This challenge is designed to inspire youthful interest in investment, by offering
9 Bermuda Institute moneymakers2022
high school students a platform in which they can comprehend and analyze
patterns in capital markets, as well as develop a coherent understanding of the 10 Bermuda High School Investalicious
types of securities available to them and in the corporate arena. Moreover, and 11 Saltus Market Martians
especially considering the COVID-19 pandemic, students become educated 12 Cedarbridge Academy BaddiesOnABudget
about the extensive ramifications that global events can have on international 13 Bermuda High School Money Musketeers
stock markets. For the challenge, each team is given $100,000 worth of virtual
14 Berkeley Institute The Valorants
funds to trade with over the course of six months. The top three teams that
generate the highest return won cash prizes totaling $20,000 at a virtual Prize 15 Cedarbridge Academy stocklets
Giving Ceremony. 16 Somersfield Academy Islandinvestors
17 Mount Saint Agnes M$AHub
18 Warwick Academy Triple M
19 Chatmore Chartered School TC-2 Jedi
20 Warwick Academy Rags2Riche$
Contact us
James Berry
Chief Executive Officer
[email protected]

Steve Woodward
Partner
[email protected]

Rhiannon Nanette
Manager
[email protected]

Published by:
KPMG in Bermuda | Crown House | 4 Par-la-Ville Road
Hamilton | HM 08 | Bermuda
[email protected] | +1 441 295 5063

kpmg.bm

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