Repair and reshape Creating a better normal - 2020 GLOBAL IMPACT REPORT - Deloitte
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Watch video Read press release Message from By the numbers Transparency and sustainability Deloitte Global CEO People ESG alignment Total headcount Commitment to sustainable development Stories of impact Headcount by gender Environmental sustainability People Headcount by region Respect, inclusion and diversity Performance Total new hires Leadership and governance Planet Attracting top talent Responsible operations Developing top talent Deloitte organization structure Societal investments Confidentiality, privacy and cybersecurity Community response to COVID-19 Ethics Performance Independence Total revenue Global security Revenue by business Public interest Revenue by industry Public policy Revenue by region Risk management Planet Reporting WorldClimate Reporting process and materiality Net-zero carbon emissions by 2030 Performance metrics About us Deloitte core services Locations 2
Message from Message from Deloitte Global CEO Stories of impact People Performance Deloitte Global CEO Planet By the numbers People Performance Planet Both our About us In the 175 years since William Welch has an opportunity not just to help repair Deloitte core services Deloitte’s modest entry into professional the world, but also help reshape a better Locations organization and services, the world has faced a multitude world—and an established track record that Transparency and sustainability of threats and challenges. This past year, says we can make it a reality. though, has been uniquely difficult. The the world … ESG alignment Responsible operations confluence of the COVID-19 pandemic, Reflecting on fiscal year 2020 Reporting multiple instances of racial injustice and During times of great uncertainty, we look the civil unrest that resulted, financial uncertainty, and record-shattering extreme to Deloitte’s Purpose and Shared Values as our north stars. We remain will do more than climate events have exposed the deepest cracks in society’s foundations and committed to taking care of each other and leading the way for our people, Deloitte simply return compelled us to marshal our strength and resilience. clients and communities. to normal. What we’ve learned about the Deloitte Deloitte—and other institutions—didn’t just organization this past year is that with scale survive past crises, we emerged stronger comes strength. Financially, Deloitte posted performance—and also juggling personal every time. Over and over, human ingenuity aggregate revenue of US$47.6 billion and and family obligations—has been a has unfailingly demonstrated the ability 5.5% growth in local currency. That’s below demanding feat. Deloitte practitioners to persevere, adapt and flourish. Knowing our pre-pandemic forecasts, but slightly have delivered for their clients. As Deloitte that gives us confidence that both our better than we anticipated heading into the leaders, we’ve stood behind our people, organization and the world will rally again; final quarter of our fiscal year, and proof prioritizing their well-being and providing that we have a chance do more than return of Deloitte’s resiliency. resources and support to help ease to normal. We can and should pursue a the burden as the lines between better normal. Deloitte is our people. And our resilience, home and work blurred and societal while a product of many factors, is primarily divisions intensified. We need to examine what has worked and a result of our approximately 330,000 what has gone wrong on a global scale and professionals around the world. Overnight, Over the past five years, Deloitte has been acknowledge where we all might need to Deloitte practitioners, who typically are on a transformational journey that has listen more keenly, adapt our thinking and embedded with clients, traveling to meet given us a strategic advantage, particularly change our actions. For Deloitte specifically, Deloitte clients or gathered in Deloitte in today’s environment. Deloitte has we also need to assess how our strategy offices working for Deloitte clients, were told been able to deliver the multidisciplinary fared, how our people and processes to stay home. Working remotely is nothing strategies and solutions businesses needed adapted, and how quality and commitment new at Deloitte; both our technology and to respond and recover in the early to Deloitte clients has helped them respond, culture enable it. But, doing it full time stages of the pandemic. And as the world recover and thrive under the strain of while maintaining close relationships with reopens, Deloitte is helping businesses extraordinary circumstances. Deloitte our clients and preserving high levels of adapt and thrive. 3
Message from Deloitte’s Purpose, to make an impact these confluent crises; the chance to make business solutions, focusing on offerings Deloitte Global CEO that matters, compels us to contribute business and society better than before. that organizations will need in this new to the communities where we live and environment—transformation, cyber, Stories of impact work. This past year, that impact totaled Looking to fiscal year 2021 and building digital and cloud—while continuing to People US$265 million (including more than 1.5 a better normal deliver the full breadth and depth of our Performance Planet million hours of volunteer and pro bono As Deloitte looks toward the coming decade, multidisciplinary model that Deloitte work), and progress continued against a few things are certain. clients depend upon. By the numbers our commitment to impact 50 million lives People through WorldClass. We know that few businesses will do We are fortunate to build from a position Performance things exactly the same way as before. of strength. Deloitte was named the most Planet In a time of exceptional strain for our Organizations will learn from these valuable commercial services brand by communities, it has been gratifying to see crises and implement changes that enhance Brand Finance for the second year in a About us our people take it upon themselves to serve their resilience. row in FY2020. The most recent PCAOB Deloitte core services those on the front lines and communities in inspection results demonstrate Deloitte’s Locations deep need of assistance. From the Deloitte We know some new ways of working and uncompromising dedication to audit quality. Transparency and sustainability professionals in Canada who developed living will continue, especially those And Deloitte has received several awards for ESG alignment GroceryHero to match volunteers with busy offering greater convenience and at lower its sustained commitment to diversity and Responsible operations front-line professionals in need of someone costs. And we know business will need to inclusion. However, we recognize there is Reporting to shop for them, to the Deloitte Spain adapt to markets that have changed much more still to be done. professionals who joined forces to make and are changing, technologies that are and supply thousands of masks to COVID-19 rapidly evolving, and new societal attitudes The pandemic, the economy, social conflict front-line workers, our people have been and values. and climate-related catastrophes will motivated to use their skills to make a continue to test all businesses, including difference. At an organization-wide Our commitment to building a better Deloitte. But we do not accept that our level, Deloitte donated to the World Health normal begins with people. We are future is pre-ordained. It is ours to shape. Organization’s COVID-19 Solidarity expanding opportunities at Deloitte—— The need for the kinds of problem-solving Response Fund and invested about and throughout our communities with knowledge, skills and experience Deloitte US$20 million toward COVID-19 related WorldClass—especially among traditionally offers has never been greater. relief efforts. underrepresented and marginalized groups. As a large organization, we can apply our In this report, you’ll read more about Our commitment influence to promote equality and justice throughout society, cultivate inclusiveness, what Deloitte is doing to help create a better normal for people, for Deloitte to building a and empower all people to grow personally clients and for the planet—guided by and professionally. the same fundamentals, Shared Values and Purpose that have helped us better normal We are tackling the climate crisis head on. Our new WorldClimate strategy articulates overcome previous crises over our 175-year history and emerge stronger. begins with people. Deloitte’s responsibility to make sure our own house is in order, to inspire our people I have no doubt we’ll do that again. to act, and to engage our ecosystems and alliances in our cause. We will reduce our Finding ways to serve clients with own footprint and grow our capabilities so minimal disruption while supporting our we can deliver best-in-class solutions that communities and keeping our people help Deloitte clients do the same. engaged, productive and mentally healthy the past several months has tested the From a business perspective, Deloitte Punit Renjen Deloitte organization’s capabilities and spirit. will continue to make markets and create Deloitte Global CEO At the same time, we see the silver lining in opportunities to grow alliance-enabled 4
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance People Planet By the numbers People Performance Planet About us Through the many challenges of the past remote workers shared glimpses into When COVID-19 hit, organizations Deloitte core services several months, successful businesses their private lives while essential workers adopted technologies that enabled Locations have focused on people—identifying ways vocalized their personal struggles. This has seamless collaboration; adjusted schedules Transparency and sustainability to support employees, clients and other elicited empathy during a time of crisis that to accommodate team, client and family ESG alignment members of society during the COVID-19 advances understanding and helps create a obligations; and encouraged teaming and Responsible operations crisis and helping them prepare for the deeper relationship between managers job sharing to meet changing Reporting world after it. and team members. business needs. People who can Everyone wants to feel they can be themselves and to thrive in their careers. In doing so, many business leaders observed what Deloitte has long known: work from Deloitte’s culture is supported by its People who can work from any place ALL IN diversity and inclusion strategy, at any time are more productive, creative which is focused on providing all Deloitte and efficient. In Deloitte Global’s 2020 any place at any people with equal opportunities to grow, develop and succeed. Millennial Survey, two-thirds of millennials said that working remotely enables a time are more Through ALL IN, Deloitte aims to increase better work/life balance. And half of all respondents said they’ve felt more able to productive, creative the recruitment, retention, promotion and recognition of underrepresented groups bring their “true selves” to work by having their offices at home. and efficient. and achieve gender balance across the organization. The strategy also empowers There also are tangible cost and LBGT+ colleagues to feel confident and environmental benefits to working remotely; The pandemic accelerated new, more thrive at Deloitte. And it promotes mental reduced commuting, for example, can flexible ways of working and increased health resources that are critical to creating save families money and time, and reduce awareness of the importance of mental an inclusive workplace. CO2 emissions. health in the workplace. But, perhaps more notably, the dual health care and economic Enhancing flexibility is another way As an increasing number of Deloitte clients crises heightened awareness among companies can address mental health and shift to alternative working arrangements, business leaders of the importance of other improve their employees’ environments. practitioners have leveraged this know-how issues—including trust, empathy, training The pandemic reinforced that some jobs, to offer valuable guidance to ensure these and development, diversity and inclusion, often the most essential ones, cannot transitions are seamless. And as society and having a purpose beyond profit. be done remotely. But teachers, doctors, reopens, Deloitte will continue to provide consultants and others proved out of the insights they need to make flexible Throughout the pandemic, employees necessity that many tasks can be more work not only a back-up option, but also a have revealed more about themselves; flexible than previously imagined. valuable solution. 5
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance People Planet By the numbers People Performance Planet The pandemic has About us Even with the temporary closure of all Impact Days, or annual days of service. Deloitte core services Deloitte University facilities in the wake We’ve reimagined our approach to giving Locations amplified the need of COVID-19, the organization continues back in response to COVID-19. Focusing on Transparency and sustainability to provide its professionals with training Impact Every Day, Deloitte has provided opportunities, launching Cura, a virtual lifesaving supplies to essential workers on for employers to ESG alignment Responsible operations platform to deliver customized learning the front lines; donated airline ticket balance Reporting content instantly to approximately that enabled medical professionals to travel 330,000 Deloitte people. Deloitte has also maintained its commitment to professional actively invest in to treat patients; and provided additional support to organizations with which Deloitte development and promotion programs, understanding that building leaders for the their people. collaborates through WorldClass to help the 1.5 billion children whose educations future is more important than ever. have been impacted by lockdowns. Business leaders today, however, must Through WorldClass, Deloitte people are The pandemic has amplified the need for do more than just prepare their own engaging in concentrated efforts to develop employers to actively invest in their people, people for the workplace of tomorrow. job skills, improve educational outcomes support communities, uplift citizens and Deloitte is committed to empowering and expand opportunities for 50 million tackle society’s most complex challenges. people everywhere to think creatively, use people worldwide by 2030. During FY2020, It’s shown just how connected people technology efficiently and communicate WorldClass touched the lives of more than are around the globe and how quickly effectively so they can prosper in this 7 million people through nearly US$105 business leaders can respond in a crisis— new world. million of investments in WorldClass lessons that can guide the development activities, including almost 770,000 hours of of a better future. In communities around the globe, access to volunteer and pro bono time. quality education and job opportunities has not been equal. This ultimately contributes We also encourage Deloitte people to to less diversity in the workforce generally. mentor members of their communities, At Deloitte, we believe we make the greatest connect with nonprofit organizations societal impact when our professionals focused on education, and engage in candid use their skills and knowledge to help conversations about the effects of those from traditionally underrepresented systemic racism. segments of society achieve their aspirations and reach their potential. Deloitte launched a number of initiatives to aid people in response to COVID-19. In the past, Deloitte firms around the world hosted 6
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance Performance Planet By the numbers People Performance Planet About us The phrase “new normal” has become shared interests, allowing them to be more measures implemented and subsequently Deloitte core services commonplace in 2020 as people globally try innovative and less vulnerable. relaxed by nearly 200 countries, in addition Locations to imagine how a post-pandemic world will to traditional COVID-19 case and testing Transparency and sustainability look and function. In business, the evolution These changes already were in motion information from around the world, enabling ESG alignment to a different kind of new normal—a result when the pandemic shifted them into leaders to identify trends and design data Responsible operations of the marriage of physical assets and overdrive. Businesses of all stripes, driven recovery strategies. By connecting Reporting advanced digital technologies known from family owned shops to the largest technology, cross-industry insights and as the Fourth Industrial Revolution—has multinational conglomerates, were forced to deep domain knowledge, Deloitte is making been transpiring the past few years. rapidly reevaluate and revamp every aspect a tangible contribution in the battle against of their operations. Whether they were COVID-19 and the economic and societal The future of work ready or not, the future of work arrived ahead of schedule—and it is more layered damage the pandemic has caused. and complex than most had anticipated. In the wake of the pandemic, Deloitte arrived ahead of Many shortcomings of business, firms also helped many clients quickly virtualize their operations and develop crisis schedule—and it is government and society were exposed by the crisis, faults that must be addressed response plans using Deloitte’s resilient leadership framework—a collection of more layered and as lockdowns lift and commerce cautiously resumes. Repairing the damage is critical, recommendations CEOs can implement to blunt the crisis’s impact and enable their complex than most but the world cannot simply return to the way things were. We have an opportunity organizations to emerge stronger. had anticipated. to reimagine work—and reshape the As the world slowly reopens, it will do world—so that future adversities are more so in a landscape that lives and works in predictable and manageable. radically different ways. That will place tougher demands on business, from how Each concept of what someday may be Deloitte excels at helping businesses both and where they meet their customers, to considered typical is driven by very different manage the unexpected and anticipate and safety measures that offer employees considerations. But at Deloitte, we see adapt to long-term trends. One example and the public peace of mind. To embrace significant overlap in these visions of the is the Deloitte COVID-19 Global Recovery and sustain nontraditional work future. In both, there’s more reliance on Navigator, which consolidates and enables environments, organizations may need technology, altering the ways people do analysis of key health, social, and economic to rethink real estate needs, employee work and interact with their clients. There’s data to inform government and private benefits and incentives, staffing, culture, more resiliency and flexibility built into sector decision making and activities based communication protocols and, of course, planning and processes so that businesses on actions taken by others around the physical and cloud-based computing can pivot quickly when needed. And there’s world. This unique dataset brings together requirements and cybersecurity. greater cooperation among entities with 7
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance Performance Planet By the numbers People Performance Planet Organizations About us Deloitte’s job is to guide businesses through ability to address unanticipated situations Deloitte core services this journey—and make the case for and a steady commitment to address Locations Transparency and sustainability advanced technologies such as the cloud, artificial intelligence, cyber and other digital that work together the needs of all stakeholders in the best way possible. transformations where and when they fit. ESG alignment Responsible operations This applies as much to Deloitte firms as it stand a much At Deloitte, we’re committed to applying what we’ve learned—throughout our better chance of Reporting does to their clients. 175-year history and especially during the pandemic—to meet this moment and Another lesson from the pandemic is just how connected the global community is. succeeding than help Deloitte clients emerge from it even more resilient. When we do, in cooperation It took less than eight months for a virus borne in one city to infect more than 22 those that try to go with like-minded organizations, then a reimagined world—one where organizations it alone. million people in nearly every part of the are adaptable and prepared for the next world. Yet, while the rallying cry of “we’re all crisis; one where people and technology in this together” swept the globe, countries bring out the best in each other; one where found themselves competing against one alliances are built to solve problems; and another for limited resources. Instead of services to ecosystems of problem solvers, one where organizations are trusted—won’t cooperating to fight the virus effectively and relationships are even more critical to the just be possible. It will be a reality. aggressively, they took independent, siloed world we now live in. approaches that slowed progress. The pandemic has highlighted in very stark And so it is with business. As Industry 4.0 and real ways the importance of trust to continues to evolve, organizations that building a strong economy and healthy, work together stand a much better chance well-functioning society. In many countries, of succeeding than those that try to go organizational trust was in decline before it alone. For Deloitte clients to deliver for the pandemic hit because many people their customers, and for Deloitte firms to don’t believe institutions have their best deliver for their clients, we must continue interests in mind. to emphasize and embrace a connected approach. From alliances with the To rebuild businesses, it’s necessary to hyperscalers operating big cloud platforms rebuild the trust in and of all stakeholders. to government-backed programs and Trust is cultivated by demonstrating an 8
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance Planet Planet By the numbers People Performance Planet As we change About us Among the many lessons learned during As we change ourselves, we will work to Deloitte core services the COVID-19 pandemic, none was more change the world by empowering Locations ourselves, we will affirming than the dramatic way the planet Deloitte people to take individual and Transparency and sustainability responded to curtailed human activity. collective climate action alongside Typically obscured mountain tops were Deloitte clients and communities. Deloitte work to change ESG alignment Responsible operations revealed. Murky waters cleared. Wildlife also will engage ecosystem participants Reporting reclaimed habitats. to address responsible climate choices The rapid rebound opened eyes and offered at a systems level while we enhance Deloitte’s reputation as a thought leader the world by hope. In research conducted by Deloitte Global, a 17-point gap that existed before and a foremost provider of climate-specific professional services. empowering the pandemic between millennials who thought we’ve reached a point of no return Achieving net-zero emissions at Deloitte Deloitte people regarding climate and those who didn’t by 2030 requires major changes to virtually evaporated in just four months. how the organization conducts business. We must reduce business travel in line with to take individual Society’s brief pause not only rekindled optimism, but it also opened up new science-based climate methodologies. and collective avenues for climate action. Economic recovery plans have provided opportunities Already, Deloitte firms are considering how service delivery models can be changed climate action. for advancing climate-friendly policies and building on what they have learned following enabled lower-impact business models the global pandemic lockdown. By 2030, to the events Deloitte people attend, to emerge. we also intend to source 100% renewable environmental impact will be considered. energy for our buildings and convert the We will also be deepening internal WorldClimate, Deloitte’s climate strategy, entire Deloitte-owned automotive fleet to conversations on Deloitte’s will focus on creating awareness of personal low-emission vehicles. We’ll engage with role in supporting a just transition to a choices and changing behaviors—both Deloitte’s major suppliers to promote their low-carbon economy. within our organization and among those adoption of science-based targets. we influence—to reduce greenhouse gas And we will make investments to address Business must lead and innovate emissions. We recognize change starts unabated emissions. through sourcing responsibly, improving within. Deloitte must set and meet higher efficiency, minimizing waste, designing for standards for itself, including achieving “Operating green”—ensuring Deloitte reuse, and bringing new products to net-zero emissions by 2030, and “operating policies and practices are aligned with its market that promote more responsible, green” through new internal climate policies climate vision and strategy—is also a high sustainable lifestyles. and practices. priority. From procurement processes 9
Stories of impact: Message from Deloitte Global CEO Stories of impact People Performance Planet Planet By the numbers People Performance Planet About us Deloitte understands this. We also requires teamwork on a massive scale. An couldn’t possibly have anticipated its Deloitte core services recognize the opportunity we have to equip outcome of one such example is UpLink—a unveiling would coincide with a global Locations Deloitte people with knowledge and tools platform developed by Deloitte, Salesforce, pandemic and the need to rebuild so many Transparency and sustainability they need to become agents of change. So, the World Economic Forum and other facets of society. ESG alignment starting in FY2021, we will inspire all 330,000 contributors that connects innovators and Responsible operations Deloitte professionals worldwide to act to entrepreneurs with experts, mentors and Because it does, Deloitte has an opportunity Reporting positively impact climate change. Our goal investors so that they can collaborate to to not only help protect the planet for future is to have them understand the power and solve global challenges aligned with the generations, but also to lead the journey on influence they have as individuals to make United Nations’ Sustainable Development a fundamentally different path forward— responsible choices that address climate Goals. Initial focus areas for UpLink include one that addresses the long-term health change and environmental impacts. Deloitte the Ocean Solutions Sprint, which has and resilience of planet Earth, its people people ideally will be inspired to make better sourced almost 50 entrepreneurial solutions and its economies. decisions about what they personally buy from more than 15 countries; and 1t.org, and use every day—from technology to an initiative to ensure the conservation and The opportunity to create a more restoration of 1 trillion trees within sustainable world is at our collective Tackling the world’s this decade. fingertips. We all are compelled to act. In FY2021, Deloitte will be exploring other most complicated ecosystem opportunities to identify where we can have additional meaningful impact. climate challenges Working together with Deloitte clients, requires teamwork alliance cohorts, NGOs and industry groups, we hope to increase demand for on a massive scale. responsible products and services, remove roadblocks that get in the way of enacting change, and create innovative climate solutions. clothing to transportation choices—and significantly reduce their individual and Deloitte’s WorldClimate strategy recognizes household impacts on the climate. the potential an organization our size has to affect the environment, and the influence Deloitte also will actively lead, convene and Deloitte wields as a leading provider of participate in ecosystems of like-minded professional services in the battle against organizations, because tackling the world’s the defining crisis of this century. When most complicated climate challenges development of the strategy began, we 10
People: Message from Deloitte Global CEO Stories of impact People Performance By the numbers Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Global figures are aggregated across the Deloitte organization. 11
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Global figures are aggregated across the Deloitte organization. Because of rounding, numbers may not tally with the total. 12
Message from Deloitte Global CEO Stories of impact People Performance Planet Headcount by region By the numbers People Performance Planet Americas Women Men About us 44% 56% Deloitte core services Locations Transparency and sustainability 65,500 84,260 ESG alignment Responsible operations Reporting EMEA 45% 55% 49,106 60,234 Asia Pacific 48% 52% 36,138 39,562 Notes Global figures are aggregated across the Deloitte organization. Because of rounding, numbers may not tally with the total. Notes Global figures are aggregated across the Deloitte organization. Because of rounding, numbers may not tally with the total. 13
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Global figures are aggregated across the Deloitte organization. *New hires as a percentage of total headcount. 14
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Global figures are aggregated across the Deloitte organization. 15
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Global figures are aggregated across the Deloitte organization. Due to COVID-19, all Deloitte University sites were closed for the majority of Q4 in FY2020. 16
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Total societal investments of US$264.8M include US$ 91.2M in donations, US$152.8M in value of volunteer and pro bono hours, and US$20.8M in management costs. Global figures are aggregated across the Deloitte organization. “Individuals reached” refers to the total number of people, external to Deloitte, impacted through support provided by Deloitte people to individuals (e.g., mentoring) and organizations (e.g., capacity building for nonprofit organizations) toward Deloitte’s goal of reaching 50 million individuals by 2030. Because of rounding, numbers may not tally with the total. Total COVID-19 community investments and WorldClass investments are not mutually exclusive as some COVID-19 community response investments (e.g., supporting virtual learning arrangements) also qualify as WorldClass. 17
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting 18
Performance: Message from Deloitte Global CEO Stories of impact People Performance By the numbers Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Revenue figures are in US$billion. Global figures are aggregated across the Deloitte organization. 19
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Revenue figures are in US$billion. Global figures are aggregated across the Deloitte organization. Due to rounding, sum of revenue by business may not equal total. 20
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Revenue figures are in US$billion. Global figures are aggregated across the Deloitte organization. Due to rounding, sum of revenue by business may not equal total. 21
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes Revenue figures are in US$billion. Global figures are aggregated across the Deloitte organization. Due to rounding, sum of revenue by business may not equal total. 22
Planet: Message from Deloitte Global CEO Stories of impact People Performance By the numbers Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting 23
Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting 24
About us Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Deloitte core services Locations Transparency and sustainability ESG alignment Responsible operations Reporting Notes The above list of services is a representative sampling of Deloitte business capabilities. Deloitte offers many services, not all of which are available from every Deloitte firm and not all of which are permissible for audit clients under varioius professional and regulatory standards. 25
Message from Deloitte Global CEO Stories of impact People Performance Geographies with at least one Deloitte office in operation Planet during FY2020 are listed below. These are listed for ease in identifying locations where Deloitte has a presence. By the numbers They are not intended as statements on political sovereignty. People Performance Please visit www.deloitte.com/GlobalOfficeDirectory and contact Planet an office near you to inquire about Deloitte capabilities to provide services in locations not listed below. About us Deloitte core services Locations Transparency and sustainability ESG alignment Albania Colombia Isle of Man New Zealand Switzerland Responsible operations Algeria Congo (Brazzaville) Israel Nicaragua Taiwan (China) Reporting Andorra Congo (Democratic Italy Nigeria Tajikistan Angola Republic of) Ivory Coast North Macedonia Tanzania Argentina Costa Rica Japan (Republic of) (United Republic of) Armenia Croatia Jordan Northern Mariana Islands Thailand Aruba Curaçao Kazakhstan Norway Timor-Leste Australia Cyprus Kenya Oman Togo Austria Czech Republic Korea (Republic of) Pakistan Trinidad and Tobago Azerbaijan Denmark Kosovo Palau Tunisia Bahamas Dominican Republic Kuwait Palestinian Territories Turkey Bahrain Ecuador Kyrgyzstan Panama Turkmenistan Bangladesh Egypt Lao PDR Papua New Guinea Uganda Barbados El Salvador Latvia Paraguay Ukraine Belarus Equatorial Guinea Lebanon Peru United Arab Emirates Belgium Estonia Lithuania Philippines United Kingdom Benin Finland Luxembourg Poland of Great Britain and Bermuda France Malawi Portugal Northern Ireland Bolivia Gabon Malaysia Puerto Rico United States Bosnia-Herzegovina Georgia Malta Qatar Uruguay Botswana Germany Marshall Islands Romania Uzbekistan Brazil Ghana Mauritius Russian Federation Venezuela British Virgin Islands Gibraltar Mexico Rwanda Vietnam Brunei Darussalam Greece Micronesia Saudi Arabia Yemen Bulgaria Greenland (Federated States of) Senegal Zambia Cambodia Guam Moldova (Republic of) Serbia (Republic of) Zimbabwe Cameroon Guatemala Monaco Singapore Canada Honduras Mongolia Slovak Republic Cayman Islands Hungary Montenegro Slovenia Chad Iceland Morocco Solomon Islands Channel Islands India Mozambique South Africa ( Jersey and Guernsey) Indonesia Myanmar Spain Chile Iraq Namibia Sri Lanka China Ireland Netherlands Sweden 26
Commitment to Message from Deloitte Global CEO Stories of impact People Performance sustainable development Planet By the numbers People Performance Planet About us Addressing the complex challenges society service to Deloitte clients. Deloitte providing access to opportunities. Deloitte core services faces today has become an expectation for continued to evolve and innovate offerings Since launching three years ago, Locations business. Deloitte’s purpose-driven agenda to address current and emerging client WorldClass has reached approximately Transparency and sustainability has focused on creating societal impact— needs, and maintained its focus on serving 11.7 million people. ESG alignment primarily through our WorldClass ambition the public interest and working to restore Responsible operations that connects people with skills-building trust in capital markets. Deloitte launched a number of initiatives Reporting opportunities—and preparing business for to aid people in response to COVID-19. In Industry 4.0. Deloitte’s success is driven, in part, by the past, several Deloitte firms hosted alliance relationships with many of the Impact Days, or annual days of service. In 2020, we broadened our commitment world’s most powerful and innovative We’ve reimagined our approach to giving to society with the introduction of our companies that help Deloitte clients solve back in response to COVID-19. Focusing on WorldClimate strategy, which will focus their most complex problems, shape new Impact Every Day, Deloitte has provided life- Deloitte on making responsible climate markets and create sustainable value. saving supplies to essential workers on the choices and becoming a leader in the effort frontlines; donated airline ticket balances to mitigate climate change. And through our Moving forward, Deloitte will continue to that enabled medical professionals to travel ALL IN diversity and inclusion strategy, we make markets and create opportunities to treat patients; and provided additional continue to provide Deloitte people with to grow alliance-enabled business support to WorldClass contributors to help equal opportunities to grow, develop and solutions. Deloitte will focus on offerings the 1.5 billion children whose educations succeed in an environment where we hold that organizations will need in this new have been impacted by lockdowns. each other accountable at all times. environment—transformation, cyber and cloud—while continuing to deliver the full Diversity and equal The success of these priorities, together breadth and depth of the multidisciplinary opportunity with our aspiration to be the undisputed model that Deloitte clients can depend on. At Deloitte, we want everyone leader in professional services, is measured to feel they can be themselves using a “triple bottom line” of people, Community engagement and to thrive at work— performance and planet. Deloitte is committed to in every country, in everything helping millions of people we do, every day. This Strategy and alliances around the world find can only be achieved by Deloitte’s strategy and multidisciplinary meaningful work in the new providing a workplace culture business model continued to drive success economy. Through Deloitte’s characterized by inclusive in FY2020. All five business areas—Audit & societal impact initiative, everyday behaviors and built on a Assurance, Consulting, Financial Advisory, WorldClass, we aim to foundation of respect and appreciation Risk Advisory, and Tax & Legal—grew during empower 50 million people by for diversity in all its forms. this time, a validation of Deloitte’s strategy 2030 by improving education to deliver high-quality, globally consistent outcomes, developing job skills and 27
Message from Deloitte stands against systemic bias, working with ecosystems for collective Even with the temporary closure of all Deloitte Global CEO racism and unequal treatment. We take impact. These ambitions were agreed to Deloitte University facilities in the wake seriously our responsibility to listen, by the Deloitte Global Executive and Board of COVID-19, the organization continues Stories of impact learn and lead the change we wish to see in early FY2021 and will serve as Deloitte’s to provide its professionals with training People in the world. roadmap for the coming decade. opportunities, launching Cura, a virtual Performance platform to deliver customized learning Planet Deloitte’s ALL IN diversity and inclusion Ethics and integrity content instantly to approximately 330,000 By the numbers strategy is focused not only on ensuring that Our Global Principles of Deloitte people. We’ve also maintained our People all Deloitte people live the organization’s Business Conduct (“Global commitment to professional development Performance values and understand the importance Code”) outline Deloitte’s and promotion programs, understanding Planet of an inclusive culture empowered by ethical commitments and that building leaders for the future is more inclusive leadership, but also on designing expectations for Deloitte important than ever. About us and implementing specific interventions people globally, giving Deloitte core services designed to achieve Deloitte’s diversity the organization a strong Responsible business and Locations goals. We are focused on providing foundation built upon supply chain everyone with equal opportunities to grow, indelible principles. Deloitte introduced Our Transparency and sustainability develop and succeed in an environment At Deloitte, we have placed ethical culture Commitment to Responsible ESG alignment Responsible operations where we hold each other accountable at and values at the heart of our agenda, and Business Practices and Reporting all times. we understand the critical responsibility Supplier Code of Conduct in FY2020, Deloitte has to serve the public interest. codifying Deloitte’s long-held beliefs and Climate change principles around these key areas. Deloitte’s Environmental sustainability Deloitte actively supports multiple efforts commitment to responsible business continues to be a C-suite to eradicate corruption throughout the outlines the responsible business principles level priority for Deloitte and world. Deloitte Global was an early signatory we believe in and the commitments we have advancing Deloitte’s progress to the United National Global Compact made. These are embedded in our policies on sustainability and climate (UNGC) and to the World Economic and inform our decision making. Deloitte’s change has been prominent Forum’s Partnering Against Corruption Supplier Code of Conduct outlines our on the agenda of the Deloitte Initiative (PACI). expectations of suppliers—that they Societal Impact Council, a support our commitment to doing not only senior leadership group Professional training and education what is good for business, but also what is focused on Deloitte’s social impact Deloitte combines common curricula, good for those with whom we deal and the and responsible business agenda. technology and innovative learning communities in which they live and work. During FY2020, one of the council’s facilities—such as Deloitte University main activities was to define Deloitte’s (DU)—to provide Deloitte people with Public policy engagement commitment to addressing climate the opportunity to build their leadership, Deloitte Global’s public policy program change. As a result, WorldClimate, a new industry and technical capabilities. focuses its attention on priority topics climate change strategy, was formulated Deloitte’s significant long-term investment shaping the debate, including: advocating for to focus the organization on making in the Deloitte University system enables a corporate reporting ecosystem that’s safe, responsible climate choices. Deloitte people to advance their careers transparent and accountable; preparing and participate in leadership development tomorrow’s diverse workforce with the The four pillars that support Deloitte’s programs in a world-class learning appropriate skills and qualifications to find WorldClimate strategy include: achieving environment. In FY2020, approximately meaningful jobs and purpose; informing net-zero greenhouse gas emissions by 114,000 Deloitte people around the world the future of regulation in an era of 2030; addressing Deloitte’s internal policies experienced DU. exponential technological advancement; and procedures to align with its climate and supporting a holistic approach to ambitions; educating and inspiring Deloitte measuring social progress. people to act on climate change; and 28
Message from Privacy and data security Deloitte Global CEO Safeguarding confidential information is core to the services Deloitte firms provide. Stories of impact Deloitte is committed to protecting People confidential and personal information, Performance including that of Deloitte clients and Planet third parties, and to continually monitor By the numbers regulatory and legal requirements to People support compliance. Performance Planet Continuing momentum “Deloitte Global continues to be committed About us to supporting the UN Global Compact Deloitte core services and advancing the Sustainable Development Locations Goals,” says Deloitte Global CEO Punit Renjen. “Deloitte is optimistic about the Transparency and sustainability future we are helping to build and excited ESG alignment Responsible operations to continue our shared quest of advancing Reporting business, people, communities and the world.” 29
Environmental sustainability Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us Environmental sustainability continues These ambitions were agreed to by the out expectations around issues of Deloitte core services to be a C-suite level priority for Deloitte Deloitte Global Executive and Board human rights, labor, the environment, Locations and advancing Deloitte’s progress on in early FY2021 and will now serve as the integrity, ethics and anti-corruption. Transparency and sustainability sustainability and climate change roadmap for the coming decade. Some of the environmental measures ESG alignment has been prominent on the agenda the code encourages include improving Responsible operations of the Deloitte Societal Impact Council, Client-focused capabilities resource efficiency, minimizing and Reporting a senior leadership group focused on The WorldClimate agenda will complement eliminating waste, developing innovative Deloitte’s social impact and responsible the growing sustainability services provided environmental practices, and measuring business agenda. Council participants by Deloitte firms. Offerings currently include and reducing pollution and emissions. are drawn from across geographies and environmental sustainability services businesses and include members related to strategy, resource productivity, For the first time, Deloitte has formally of the Deloitte Global Board of Directors, risk mitigation, attest services and supply outlined the responsible business the Deloitte Global Executive and other chain. Renewable energy services are also principles in which it believes, and senior leaders. The council is co-chaired by expanding as clients explore innovative the commitments Deloitte has made the Deloitte Global CEO and Deloitte Global supply arrangements. And Deloitte firms via Our Commitment to Responsible Board Chair, underpinning the importance have engaged with clients on a broad range Business Practices. This includes of this agenda. of environmental sustainability topics, Deloitte’s commitments to reduce including energy, water, greenhouse gas the environmental impact of its own During FY2020, one of the main activities of emissions, plastics, circular economy and operations, achieve carbon-emission- the Societal Impact Council was to define supply chain. reduction goals and support Deloitte’s commitment to addressing sustainability initiatives as part of the climate change. As a result, WorldClimate, Internal initiatives most-senior-level agendas. a new climate change strategy, was While the WorldClimate strategywas formulated to focus the organization on being developed in FY2020, sustainability Both statements reinforce Deloitte’s making responsible climate choices. Four activities continued to be advanced dedication to actively combat pillars support the strategic direction: across the organization, including some climate change. • Achieving net-zero greenhouse gas notable accomplishments. emissions by 2030; Carbon emissions Supplier Code of Conduct While Deloitte pursues necessary changes • Addressing Deloitte’s internal and Our Commitment to Responsible to achieve its 2030 net-zero goal, it is also policies and procedures to align with its Business Practices taking steps to address its current level climate ambitions; This year, Deloitte introduced a new of emissions through offset purchases. • Educating and inspiring Deloitte people to Supplier Code of Conduct applicable Deloitte recognizes purchasing offsets is act on climate change; and across the organization. The code not a final solution, but rather an interim establishes a consistent baseline for doing action while it advances its broader • Working with ecosystems for business with Deloitte, and sets reduction goals. All carbon emissions collective impact. 30
Message from resulting from air travel in FY2019 were blinds used to track the sun and reduce Deloitte Global CEO offset through the purchase of third- electricity usage from air-conditioners, party-verified carbon credits, and the a bottling plant in the basement of the Stories of impact purchase of a combination of renewable building to ensure glass-bottled water People energy or offsets to address all travel- replaces plastic bottles, and composting Performance related (air, auto, hotel, etc.) and all other of wet food waste. Planet energy-related FY2020 emissions is By the numbers underway. The emphasis and approaches Zero-waste meeting People for addressing residual carbon In October 2019, nearly 750 new Deloitte Performance emissions are evolving and Deloitte will firm partners attended Deloitte’s first Planet continue to explore appropriate zero-waste event of its kind, in Rancho options that align with its goals and Palos Verdes, California. Working together About us strategic direction. with the venue and a waste management Deloitte core services vendor, 92% of materials from the meeting Locations Deloitte’s carbon-reduction goals set in were diverted from landfill, resulting FY2019 included an 11% reduction in in hundreds of pounds of waste being Transparency and sustainability business travel by FY2025. In the latter recycled, composted and donated. In ESG alignment Responsible operations half of FY2020, the COVID-19 pandemic addition to reducing carbon dioxide Reporting resulted in the cessation of business emissions, the event offered valuable travel for Deloitte professionals and for lessons that will be shared across the many Deloitte clients. This unexpected organization to encourage more zero- forced grounding has opened up new waste meetings. examinations of how Deloitte does business while continuing to serve clients Contact effectively. As the world emerges from the Kathryn Alsegaf pandemic, Deloitte is rethinking some of Deloitte Global Internal Sustainability Leader the traditional ways in which it operates, kalsegaf@deloitte.com particularly business travel. Deloitte leaders anticipate continuing to serve clients effectively and grow the business, while also reducing travel below pre-pandemic levels. Office buildings Deloitte Africa’s new headquarters in Waterfall City, South Africa, which opened in FY2020, achieved a LEED (Leadership in Energy and Environmental Design) Silver rating in recognition of its sustainable design. It builds on a legacy of Deloitte landmark locations embracing sustainability in their designs including The Edge in the Netherlands, The Gateway in Belgium and 1 New Street Square in London. Environmental features incorporated in the South Africa building design include solar panels, rainwater harvesting and storage, electrical 31
Respect, inclusion and diversity Message from Deloitte Global CEO Stories of impact People Performance Planet By the numbers People Performance Planet About us At Deloitte, we want everyone to feel they Achieving gender balance more) people to feel confident in being Deloitte core services can be themselves and to thrive at work—in • Deloitte leaders strive to achieve gender who they are and empowered to Locations every country, in everything we do, every balance across the Deloitte organization. thrive within Deloitte and within the Transparency and sustainability day. This can only be achieved by providing Deloitte Talent has set aspirational goals societies Deloitte serves. ESG alignment a workplace culture characterized by for all Deloitte firms and has developed • Deloitte has endorsed the UN’s Standards Responsible operations inclusive everyday behaviors and built on a consistent initiatives spanning the entire of Conduct for Business in Tackling Reporting foundation of respect and appreciation for career lifecycle—from recruitment, Discrimination against LGBTI people (the diversity in all its forms. promotion and succession processes LGBTI Standards) and is taking actions to to mentoring, sponsorship and agile further LGBT+ inclusion aligned with core Deloitte stands against systemic bias, working. Deloitte firm CEOs have areas of these standards. This includes racism and unequal treatment. committed to deliver on these initiatives a focus on “allyship,” reverse mentoring We take seriously our responsibility to listen, and report progress to the Deloitte and ensuring that Deloitte professionals learn and lead the change we wish to see Global CEO, Deloitte Global Executive and are enabled to “walk in the shoes” of in the world. Deloitte Global Board of Directors on a LGBT+ colleagues. In line with the UN regular basis. LGBTI standard to act in the public sphere, Deloitte’s ALL IN diversity and inclusion Deloitte is proud to be a member of the strategy is focused not only on ensuring that • Deloitte’s focus on gender equality does Partnership for Global LGBTI Equality. all Deloitte people live the organization’s not end with our own organization. values and understand the importance Through several of its WorldClass societal impact projects, Deloitte aims Supporting mental health of an inclusive culture empowered by inclusive leadership, but also on designing to positively impact the lives of women • Deloitte believes that supporting mental and implementing specific interventions and girls outside our organization. health is a critical aspect of inclusion and designed to achieve Deloitte’s diversity Stories of Deloitte’s work around the is working to address the stigma that still goals. We are focused on providing world comprised Deloitte Global’s first- too often exists within society on this everyone with equal opportunities to grow, ever Global Gender Impact Report. The topic. The organization recognizes the develop and succeed in an environment report’s theme—the “Butterfly Effect”— importance of Deloitte people knowing where we hold each other accountable illustrated how small actions can have where and how to seek support when at all times. widespread and lasting impact. The report they are experiencing mental health was released on International Women’s challenges, and being comfortable The three pillars of Deloitte’s inclusive talent Day 2020. they can raise such concerns without culture—underpinned by respect—are fear of stigma. The COVID-19 pandemic achieving gender balance, advancing LGBT+ LGBT+ inclusion prompted Deloitte Global to develop and inclusion and supporting mental health. • At Deloitte, we want everyone to feel they roll out a series of podcasts focusing on can be themselves at work, without ways in which Deloitte people can look fear of discrimination or prejudice. We after their mental health, focusing on want our LGBT+ (lesbian, gay, bi, trans and common challenges faced during periods 32
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