Media OutReach

KPMG China launches its ‘Our Impact Plan’ ESG report, marking five years of in-depth implementation

Published

3 months ago

26/08/2025

HONG KONG SAR – Media OutReach Newswire – 26 August 2025 – As climate change accelerates, humanity is facing a greater number of extreme weather events and environmental challenges. In this context, strengthening behavioural management related to climate change has become a central issue of our time. From countries advancing ‘dual carbon’ goals to international carbon trading markets, more organisations are turning their attention to their environmental performance. Green transformation has become a fundamental requirement for high-quality development, with ESG (environmental, social and governance) serving as a crucial guide for this transition.

How can enterprises anchor ESG values to drive sustainable economic and social transformation? On 23 August, this question was explored at the launch of KPMG China’s ‘Our Impact Plan’ report, which was held outdoors for the first time on a lawn in the Futian District, Shenzhen. The event featured keynote speeches, roundtable discussions, and presentations of results, reflecting on KPMG China’s achievements in the ESG field over the past five years. It also brought together government, social organisations, enterprises, and partners to focus on ESG trends and discuss new paths for sustainable development.

KPMG China continues to deepen its commitment to sustainable development

Honson To, Chairman of KPMG Asia Pacific and China, said, “This year marks the 20th anniversary of the introduction of the ‘lucid waters and lush mountains are invaluable assets’ concept and the fifth anniversary of the ‘Our Impact Plan’. Hosting this event in the embrace of nature is highly significant. Looking back at our ESG reports over the past five years, we can see a clear reflection of how our environmental, social, and governance efforts have aligned with the country’s development. This publication not only summarises our steadfast commitments and investments in ESG but also reflects our determination to deepen ESG practices and empower clients and society in order to propel sustainable development.”

Climate change is one of the core drivers of future economic development. Jacky Zou, Chairman-elect of KPMG China, said, “At the national level, the ‘dual carbon goals’ are driving new economic momentum and reshaping the country’s economic development landscape and ecosystems. For enterprises, a high-standard ESG management system is essential for achieving sustainable development and seizing economic transformation opportunities. KPMG China has released the ‘Our Impact Plan’ report for five consecutive years, aiming to set an example and accumulate more cases of ESG information disclosure that align with corporate needs, with a view to promoting the widespread implementation of ESG principles.”

Strategic ESG actions, especially after the mandatory disclosure of future ESG reports, will deeply impact the business layout of companies. From the perspective of sustainable growth, enterprises need to develop a more comprehensive ESG action roadmap that focuses on the present while looking ahead to future milestones and promoting continuous action. Tracy Yang, Head of Corporate Affairs, KPMG China, emphasised, “As an organisation committed to sustainable development, KPMG China continuously explores feasible ESG solutions. We believe that true progress comes from aligning corporate responsibility and national vision through ESG strategies, creating lasting and profound impacts. Companies should not only focus on healthy growth but also leverage the development opportunities presented by national long-term goals to enhance leadership in sustainable business ecosystems.”

The ‘Our Impact Plan’ report released by KPMG China marks a first for the firm by moving the launch event outdoors to a lawn in the Futian District of Shenzhen in the Guangdong-Hong Kong-Macao Greater Bay Area, conveying our strong commitment to sustainable development and showcasing the beautiful vision of coexistence and shared prosperity between humanity and nature. It also highlights the significant progress and outstanding achievements KPMG China has made across four pillars: Governance, People, Planet, and Prosperity. Wilson Pang, Head of Our Impact Plan, KPMG China, stated, “These four pillars complement each other and form the backbone of KPMG China’s ESG ethos. Through its governance principles, KPMG China has established a comprehensive ESG governance framework; and the firm’s people-centred approach highlights its core values. Meanwhile, our efforts to care for the planet reflect our deep commitment to environmental sustainability; and achieving prosperity is at the heart of KPMG China’s ESG mission, pushing us to deliver impactful outcomes.”

Meeting quantified targets and co-constructing ecosystems

During the launch of the ‘Our Impact Plan’ report, KPMG China provided a professional overview, showcasing the highlights and flagship projects of the programme, along with a retrospective of the firm’s five-year journey and future outlook. Wilson Pang emphasised that this year marks a significant milestone for KPMG China in promoting the programme, marking the firm’s evolution from a mere participant to a leader and initiator, and from academic practice to emphasising sustainable development, technological innovation, and the development of new quality productive forces.

KPMG China has been recognised in the ‘2025 Typical Case in the Business Community to Conserve Biodiversity’ and the ‘2025 Corporate Green Transformation and ESG Practice Cases’, reflecting recognition of the firm’s efforts in biodiversity protection.

KPMG China continues to collaborate with the Mangrove Conservation Foundation (MCF) to initiate the ‘Green Bay Area Pioneer Action – Habitat Enhancement of Futian Mangrove Ecological Park’ project, which was launched in September 2024. We also partnered with multiple organisations to jointly launch the Guangdong-Hong Kong-Macao Greater Bay Area ESG Biodiversity Corporate Recognition Award, with the goal of encouraging corporate participation in ecological protection. At the release of this year’s ‘Our Impact Plan’, KPMG China officially launched the China Biodiversity Recognition Award to promote the integration of environmental and ecological protection with technological innovation at both the national and regional levels.

KPMG China has purchased 100% renewable electricity for four consecutive years, and KAMPUS (KPMG China’s Hongqiao office) has received LEED Platinum certification. Additionally, 90% of our office floor area is located in buildings with green and/or wellness-related certifications.

We rolled out the new ‘Protect the Future – Action for the Planet’ (‘Protect the Future’) volunteer programme to encourage more employees to engage in volunteer service.

Upholding one of KPMG’s values, ‘For Better – We do what matters,’ we continuously invest in our communities. During the year, over 1,500 KPMG volunteers have participated in various corporate social responsibility activities organised by the firm, contributing over 15,800 total volunteer hours and reaching over 98,000 beneficiaries directly.

KPMG China is also leveraging AI applications to provide comprehensive deployment and application solutions to enterprises.

This year’s event also marks the first time we are launching the report outdoors, demonstrating KPMG China’s commitment to promoting sustainable business structures and protecting natural ecosystems.

From the perspective of ecological co-construction, guests engaged in deep discussions during the roundtable forum on the day of the launch discussing the theme ‘Harnessing the Power of Society to Build a New Paradigm for Biodiversity Protection’. The event also focused on the collaborative achievements of the ‘Our Impact Plan’, and the Guangdong-Hong Kong-Macao Greater Bay Area ESG Biodiversity Corporate Recognition Award.

Wilson Pang said, “As the global economy becomes increasingly interconnected and the impact of climate change deepens, China is actively advancing the green transformation in areas such as green energy, carbon emissions management, and the green transition of traditional enterprises, achieving significant results in various areas. As a professional services firm, KPMG China closely follows national strategic plans and continuously strengthens collaboration with various stakeholders. Over the past five years, the firm has evolved from initially exploring carbon accounting and supply chain reviews to our current stage, in which we are establishing a comprehensive ESG service system covering all business areas, transitioning from a ‘reporter’ and ‘participant’ role to a ‘promoter’ and now to a ‘leader’.”

The true value of ESG lies in harnessing professional skills to transform sustainable concepts into daily practices for enterprises. The ‘Our Impact Plan’ report is not only KPMG China’s annual ESG report but also a commitment to forward-looking action. In light of the firm’s journey towards net-zero by 2030, KPMG China is actively exploring management methods for carbon reduction and low-carbon practices, and we are striving to provide better insights and practical results for more market participants.

Hashtag: #KPMG #KPMGChina

The issuer is solely responsible for the content of this announcement.

About KPMG

KPMG in China has offices located in 31 cities with over 14, 000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.

KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

Celebrating 80 years in Hong Kong

In 2025, KPMG marks “80 Years of Trust” in Hong Kong. Established in 1945, we were the first international accounting firm to set up operations in the city. Over the past eight decades, we’ve woven ourselves into the fabric of Hong Kong, working closely with the government, regulators, and the business community to help establish Hong Kong as one of the world’s leading business and financial centres. This close collaboration has enabled us to build lasting trust with our clients and the local community – a core value celebrated in our anniversary theme: “80 Years of Trust”.

Media OutReach

Payment Options Singapore Secures In-Principle Approval from MAS for Major Payment Institution Licence

Published

17 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – Payment Options Pte Ltd, a Singapore-based payment solutions provider, is pleased to announce that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence under the Payment Services Act 2019.

Payment Options Pte Ltd office in Singapore

This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.

If granted the licence, Payment Options Pte Ltd will be authorised to provide three regulated payment services: Merchant Acquisition, Domestic Money Transfer, and Cross-Border Money Transfer. Through these services, the company aims to empower SMEs with a full suite of payment capabilities — from online payment gateways and QR code payments to the upcoming SoftPOS payments technology — enabling merchants to accept digital payments easily and securely.

“We remain deeply committed to supporting Singapore’s SMEs as they grow and compete in an increasingly digital-first economy. Our vision is to position digital payments as a growth enabler — not a challenge — for small businesses”, said Aaron Yip, Director of Payment Options Pte Ltd. “Our goal is to make digital transactions seamless, secure, and accessible for every business, regardless of size.”

Building on this vision, if the licence is granted, Payment Options will continue to work closely with local merchants, financial institutions, and technology partners to enhance payment accessibility and drive innovation across Singapore’s SME ecosystem.

“We reaffirm our commitment to regulatory compliance and innovation, as we contribute to Singapore’s ongoing journey toward a secure, inclusive, and cash-lite economy.”

The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
Hashtag: #PaymentOptions

https://www.paymentoptions.com/
https://www.linkedin.com/company/payment-options/
https://www.facebook.com/PaymentOptions.int/
https://www.instagram.com/payment.options/

The issuer is solely responsible for the content of this announcement.

About Payment Options Pte Ltd

Payment Options Pte Ltd is a Singapore-based financial technology company providing innovative and secure payment solutions designed to help SMEs and merchants simplify digital transactions. With a focus on compliance, technology, and customer experience, the company aims to make digital payments accessible for every business.

Media OutReach

Financial Assistance at SIM: Breaking Barriers to Education

Published

18 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – For many aspiring learners, financial constraints remain one of the biggest obstacles to achieving their goals. SIM is determined to change that. Guided by the principle that no student should be left behind because of cost, SIM has built a comprehensive ecosystem of financial aid, scholarships, and bursaries to make quality education attainable for all.

At the heart of this mission is the SIM Impact Fund, a S$60 million initiative dedicated to empowering students from diverse backgrounds and ensuring that financial hardship never stands in the way of academic or personal growth. By blending need-based assistance with merit-driven opportunities, SIM is creating an inclusive learning environment where talent and ambition define success.

Empowering Learners Through the SIM Impact Fund

In 2024, SIM introduced the SIM Impact Fund, a S$60 million initiative dedicated to supporting students from lower-income households and ensuring that financial constraints do not hinder educational aspirations. Administered through SIM Trust, the fund is designed to empower learners within and beyond SIM’s community by removing barriers to access. Beginning in 2025, Singapore Citizens and Permanent Residents with a per-capita income of S$1,750 or below can benefit from tiered assistance, ranging from S$6,000 up to S$13,500 for those with PCI of S$600 or less, S$4,500 to S$6,750 for PCI between S$601 and S$1,000, and S$2,000 for PCI between S$1,001 and S$1,750. Beyond tuition aid, the fund also provides support for overseas internships and merit-based scholarships, benefiting approximately 500 students annually.

Beyond Tuition: Comprehensive Financial Aid

SIM’s commitment to learning accessibility goes far beyond tuition subsidies. Through its Financial Assistance schemes, students can tap into a range of support options tailored to different needs. These include Enhanced Bursaries Aid, which provide up to S$13,500 per year for Singapore Citizens, and a SIM GE Crisis Fund offering emergency relief of up to S$5,000 for unforeseen circumstances. In addition, SIM encourages global exposure through Study Abroad Awards, enabling students to broaden their horizons without financial strain. Together, these initiatives reflect SIM’s ethos of inclusivity and resilience, ensuring that financial challenges never derail academic aspirations.

Community-Focused Support

The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) exemplifies SIM’s deep-rooted commitment to community empowerment and social impact. Launched in July 2024 in partnership with the late Dr Eu’s family,

RESSEC received a combined S$8 million donation, S$6 million from the Eu family and S$2 million from SIM, marking a significant investment in nurturing social entrepreneurship. Guided by Dr Eu’s vision of transforming social service through ethical leadership and innovation, the Centre equips learners and social service professionals via initiatives such as a specialised postgraduate Diploma in Social Entrepreneurship, mentorship, and collaborative dialogues.

RESSEC also provides 12 bursaries of S$10,000 each for SIM Global Education students (check that this is accurate and that it’s not also extended to those outside the SIM ecosystem) who demonstrate strong community service and leadership and those with per-capita income up to S$1,750, prioritising those with per-capita income less than S$1,000. Through this initiative, SIM embeds purpose-driven learning into its mission, empowering students to create sustainable, positive impact in Singapore and beyond

Scholarship for Excellence

SIM offers a diverse range of scholarships under SIM Global Education to recognize excellence and resilience among its students. These include the SIM STARRR Award, which provides up to S$36,000 to outstanding achievers who demonstrate academic distinction and leadership qualities, and the Sports & Arts Talent Award, also valued at S$15,000 for students who excel in athletic or artistic pursuits. Additionally, the Chairman’s Award for Resilience grants S$3,000 to students who successfully balance work and study commitments, showcasing perseverance in the face of challenges. Together, these scholarships complement SIM’s need-based financial aid, creating a holistic support system that rewards merit while ensuring inclusivity.

Conclusion: Building a Future Without Barriers

SIM’s financial assistance framework is more than a set of policies, it is a promise to the community. By investing in initiatives like the SIM Impact Fund and expanding bursaries and scholarships, SIM is actively dismantling the barriers that prevent talented individuals from reaching their potential. This approach does not just benefit students, it strengthens society by cultivating a diverse pool of graduates equipped to lead, innovate, and give back. In a world where education often comes with a hefty price tag, SIM stands out as a beacon of accessibility and empowerment. For students and families seeking assurance that quality education is within reach, SIM offers not just hope but a clear, actionable path forward.

References:

Bursaries & Financial Aid (Enhanced) – https://www.sim.edu.sg/degrees-diplomas/admissions/bursaries-and-financial-aids
Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/ressec
The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) Opens to Advance Singapore’s Social Sector – https://www.sim.edu.sg/news-events/the-dr-richard-k-m-eu-sim-social-entrepreneurship-centre-%28ressec%29-opens
SIM Scholarship – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships
SIM’s STARRR Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-starrr-award-for-new-undergraduate-students
SIM Award and Sports & Artistic Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-scholarship
SIM Global Education Diploma Scholarships – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-diploma-scholarships
Chairman’s Award for Resilience – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/chairman-s-award-for-resilience

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

Media OutReach

Beyond Academic Excellence: SIM Scholarships Champion Leadership, Resilience, and Talent

Published

1 day ago

07/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 7 December 2025 – The Singapore Institute of Management (SIM) is proud to reaffirm its commitment to developing future-ready graduates through a comprehensive scholarship framework that goes beyond academic achievement. These scholarships are designed to recognize and nurture qualities such as leadership, resilience, and talent. These attributes are essential for success in today’s dynamic global environment.

For decades, scholarships have been synonymous with academic excellence. SIM is redefining this narrative by adopting a holistic approach that values character, contribution, and courage alongside academic performance. This initiative reflects SIM’s mission to prepare graduates who are adaptable, innovative, and socially responsible.

Scholarships That Go Beyond Academics

SIM’s scholarship ecosystem reflects its belief that success is multidimensional. Rather than focusing solely on grades, these awards celebrate qualities such as resilience, leadership, and talent. The SIM STARRR Award, for instance, supports freshmen who embody Resilience, Resourcefulness, and Responsibility, offering up to S$36,000 in tuition fees, along with living and exchange allowances, without any bond requirement.

For students who shine in sports or the arts, the SIM Award & Sports/Artistic Talent Award provides S$15,000, disbursed in two tranches, to help them balance academic and extracurricular excellence.

International students pursuing diploma programmes can benefit from the Diploma Scholarships, which cover up to 100% of course fees for academic excellence or 50% for merit-based achievements.

For working adults who have overcome significant challenges, the SIM Chairman’s Award for Resilience offers S$3,000, recognizing perseverance and determination in the face of adversity.

Stories That Inspire

SIM’s scholarships are more than financial aid. They are catalysts for transformation, opening doors for students to turn challenges into triumphs. Take Ernita Tanudjaja, an international student who refused to let pandemic disruptions derail her ambitions. Instead, she leveraged technology to livestream events and boost engagement, showcasing resilience and resourcefulness.

Similarly, Chow Kah Ying, an ICU nurse, managed the intense demands of frontline healthcare during COVID-19 while completing her degree, showcasing perseverance and purpose. Likewise, Michelle Seah transformed O-level failure into triumph, excelling in javelin and academics to earn the SIM Sports & Artistic Talent Award, proof that determination and discipline can rewrite any story.

These journeys reflect SIM’s unwavering belief that leadership and resilience matter as much as grades, and that true achievement lies in character and contribution as much as in academic performance.

The Broader Vision

SIM’s scholarships represent more than financial assistance. They serve as a strategic platform for transformation and growth. Recipients benefit from networking opportunities that connect them with alumni and industry leaders, fostering mentorship and career development. Many scholarships also provide international exposure through exchange programmes that broaden perspectives and enhance global competencies.

In addition to academic achievement, students cultivate essential life skills such as leadership, resilience and adaptability through experiential learning and community engagement. These qualities equip graduates to excel in uncertain environments and contribute meaningfully to society.

This commitment reflects SIM’s core belief that education is not limited to examinations. It is about shaping leaders who create impact and drive positive change in a rapidly evolving world.

References: