A Retailers Guide to ESG & How It Intersects with Tax
Episode 5 of 5 | What’s Taxing Retailers Podcast Series
Episode 5 Summary
ESG (Environmental, Social and Governance) is a developing set of principles which will increasingly impact the retail industry.
In 2019, The Business Roundtable produced a paper that was signed by 181 Chairpersons of global companies and firms. These leaders are redefining the traditional thought that shareholders are the ultimate beneficiary of a well-led and managed company. Today’s business leaders believe companies should also positively impact and be in service to employees, suppliers, customers, the communities they operate in, and the environment.
Although many retail businesses are doubling down on their societal contributions, especially through their diversity, equity and inclusion initiatives, there are significant environment-related issues that retail leaders can prioritize and, in turn, see positive results.
Enforcement of ESG initiatives will likely come in the form of additional income and excise taxes. On a different level, money managers are rating, following and investing in compliant ESG companies. That is why retailers, wholesalers, and distributors need tax professionals who are actively engaged and knowledgeable about ESG. Join us to learn how ESG uniquely impacts the retail landscape and learn key insights that can help you futureproof your tax strategy with ESG in mind.
Mark Rems, Principal, State and Local Tax, KPMG
Brett Weaver, Tax Impact Leader, KPMG
Michael Bernard, Chief Tax Officer, Vertex
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. © 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
About the Podcast Series
Disruption is nothing new in retail, but today’s executives haven’t faced anything like the events of 2020 in a very long time. But what tech and trends are creating the most challenges…and which are creating the most opportunity? In this series, we aim to answer one very big, important question: What’s Taxing Retailers?
- Episode 1: Tackling Cloud Myths & Misconceptions for Retail
- Episode 2: Inside the New Retail Marketplace Movement
- Episode 3: Building Your Ideal Omnichannel Retail Strategy and Mix
- Episode 4: The Power Behind Digital Payment in Retail
Episode 5 of 5 | What’s Taxing Retailers Podcast Series: A Retailers Guide to ESG & How It Intersects with Tax
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