KPMG LLP, a leading U.S. audit, tax, and advisory firm, has published its 2024 Inflation Reduction Act (IRA) Study, titled "Funding a Sustainable Future: How organizations are leveraging the Inflation Reduction Act (IRA)." The study, based on feedback from 300 senior executives across various industries, highlights the significance of the IRA in shaping corporate sustainability strategies. An overwhelming The study also identifies challenges, notably the lack of clear governmental guidance, which 59% of respondents see as a barrier. Additionally, the emerging tax credit transfer market is gaining interest, with 57% of organizations planning to participate. To optimize the IRA's benefits, 72% of organizations are investing in upskilling and data analytics. KPMG’s U.S. Sustainability Leader, Rob Fisher, emphasized the complexity of navigating the IRA, stressing the need for expert guidance to maximize its financial and environmental impact.
