Environmental, Social, and Governance (ESG) issues and corporate purpose have risen up the priority list among Australian and global CEOs, KPMG’s annual survey of international business leaders reveals.

KPMG Australia recorded revenue of $2.022 billion ($1.911bn excluding recoverable expenses, YOY growth of 9.4%) last financial year.

KPMG is particularly pleased to note the government’s announcement stresses the fact that the additional costs of the plan will over time be outweighed by the economic activity generated.

Almost half of CEOs do not believe there will be a return to pre-COVID business operations until 2022

KPMG’s Major Australian Banks Full Year Analysis Report 2020 finds that the Majors reported a combined cash profit after tax from continuing operations of $17.4 billion, down 36.6 percent on FY2019.

KPMG analysis finds that the Australian major banks (‘the Majors’) have reported a decline in aggregate cash profits for the first half of 2020.

The new entrants to the Top 10 list this year are global political and economic environment; sustainability & climate change; leadership capability; and workforce upskilling.

The majority of Australian retail investors would accept lower financial returns if it meant companies they invested in always behaved ethically towards customers, employees, and community.

This report finds, once again, that stubborn gender stereotypes about the roles men and women play in paid work and caring continue to drive the gender pay gap.