KPMG, a global professional services firm, announced the introduction of Circularity Tracker, a new tool designed to assist organizations in transitioning from a linear economy to a circular economy. The tool utilizes automated data collection, processing, and performance analysis to support this shift. It is part of KPMG’s series of solutions focused on environmental, social, and governance (ESG) issues, which are built on Microsoft’s sustainability-oriented platform called Cloud for Sustainability. Microsoft unveiled this platform in 2021 with the goal of enabling companies to track, report, reduce, and replace their emissions through Software as a Service (SaaS) tools. Last year, Microsoft integrated Circularity Tracker with Sustainability Manager, another solution that provides organizations with an automated view of their entire operations and value chain’s environmental impact by unifying data intelligence.
KPMG states that Circularity Tracker will enable organizations to measure, improve, and monitor their circularity performance over time at various levels, including product, location, and material. The tool facilitates comparisons between products and offers insights into reducing resource consumption and waste generation. It automates data collection from diverse sources and performs model-based data calculations using recognized circularity performance measurement frameworks, standards, and regulatory reporting metrics.
This launch aligns with KPMG’s expansion of digital tools and ESG-focused solutions, as well as its growing partnership with Microsoft. In 2019, KPMG entered into a 5-year agreement with Microsoft as part of its $5 billion digital strategy, aiming to modernize its workplace through cloud-based tools and enhance its digital offerings for clients. In 2021, KPMG initiated a multi-year program to accelerate global solutions for ESG challenges and support clients in their sustainability endeavours. This program includes plans to invest over $1.5 billion in initiatives that further integrate ESG into the organization and client solutions.
