KPMG Transfers To Smaller Office In Asia Square Tower 2
SINGAPORE – Big Four accounting firm KPMG has relocated to its new office at Asia Square Tower 2 on Monday after over forty years at the Hong Leong Building in Raffles Quay, reported The Edge on Monday evening (14 November, SGT).
The professional services firm’s new office at Asia Square Tower 2 is located across 4 levels and spans 125,000 sq ft. Previously, KPMG occupied about 160,000 sq ft of workspace at Hong Leong Building.
During the official opening, the accounting firm also launched its ASEAN Decarbonisation Hub.
Through a “hub-and-spoke” approach, the Hub will have Centres of Excellence (CoEs) to drive specific focus areas across Southeast Asian markets. These focus areas include carbon capture, energy efficiency, decarbonisation, sustainable cities, hydrogen solutions, and geothermal technologies, as well as solar and wind technologies.
Interestingly, KPMG’s new office at Asia Square Tower 2 generates half the carbon footprint compared to its old workspace at Hong Leong Building, said KPMG’s Managing Partner in Singapore Ong Pang Thye.
[The lower carbon footprint was] “contributed through the reduction in space, initiatives to reduce electricity by using motion sensors, energy efficient equipment among others.”
At present, the professional services firm has five professionals in its decarbonisation team, but more hires are expected, shared KPMG Asia Pacific’s Partner & Head of infrastructure Sharad Somani.
The accounting firm said decarbonisation is anticipated to become one the top five contributors to Singapore’s economy by 2050, with over 50,000 new jobs expected to be generated by the energy transition over the next 10 years compared to a total of 5.5 million new jobs within Southeast Asia.