The Deloitte 2024 Global Impact Report highlights the firm's commitment to driving inclusive and sustainable progress amidst global challenges like geopolitical tension and rapid technological change. The report details how Deloitte leverages its multidisciplinary model and 460,000 professionals to assist clients with AI integration and climate-led transformations. Furthermore, it emphasizes the company's dedication to accountability and societal impact, underscoring the link between business growth and broader economic and environmental well-being.
The Deloitte 2024 Global Impact Report highlights the firm's commitment to driving inclusive and sustainable progress. Amid global challenges—including geopolitical tensions, economic uncertainty, climate change, and the rapid rise of artificial intelligence—Deloitte emphasizes the importance of collaboration between businesses, governments, and nonprofits. The report outlines the firm's performance across business, people, environmental, social, and governance (ESG) areas, while providing detailed metrics and frameworks to guide leaders in making strategic decisions regarding technology, operations, and workforce planning.
2024 Global
Impact Report
Together makes progress
At Deloitte, we’re helping advance inclusive and
sustainable progress across the issues that matter most.
Discover our impact over the past year.
2024 GLOBAL IMPACT REPORT
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Table of contents
Global Impact Report
Message from leadership
03
Business
04
Our people
12
Environmental
17
Social
24
Governance
29
ESG highlights
32
Metrics and frameworks
Performance metrics table
35
Stakeholder engagement and materiality
52
Basis of reporting
57
Task Force on Climate-Related
Financial Disclosures report
70
Stakeholder capitalism metrics reference table
92
Global Reporting Initiative (GRI) index
96
Environmental Performance Data
Limited Assurance Report FY2024
115
3
2024 GLOBAL IMPACT REPORT
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
Message from leadership
This has been a year of challenges for many around the world—from rising
geopolitical tensions and multiple conflicts, uncertainty in key economies, and the
imperative to address climate change, to the need to transform in response to rapid
advancements in areas like artificial intelligence (AI).
These are complex challenges that no organization can solve alone. However, as we
collaborate with business, governments, nonprofits, and innovators, we see reason
for optimism. We’re reminded how together we can make progress on some of the
most critical, complicated matters.
Shaping technology-led transformations and
sustainable growth
It is time for organizations to make important decisions around integrating new
technologies, evolving their operational models, adapting to regulatory changes,
and planning their workforce strategies. The decisions made now by leaders in
business and government around the world are likely to ripple across society for
decades to come.
Business and government leaders today face critical decisions regarding new technology, operational models, regulations, and workforce strategies. These choices will shape society for decades, particularly in AI and sustainability, where they could either foster growth and cooperation or increase inequality and tension. Deloitte is committed to steering these changes toward a sustainable future. The firm is helping clients scale trusted Generative AI (GenAI) solutions through its global incubator network and is using AI to improve internal workflows. Additionally, Deloitte is advancing climate-led transformations to reach its own net-zero goal by 2040. With a workforce of 460,000, Deloitte integrates its multidisciplinary expertise to serve the public interest, recognizing that business success is tied to societal and environmental progress.
integrating new
technologies, evolving their operational models, adapting to regulatory changes,
and planning their workforce strategies. The decisions made now by leaders in
business and government around the world are likely to ripple across society for
decades to come. In critical areas like AI and sustainability, the actions that leaders
take could lead to a range of outcomes—net job growth or job losses, greater global
cooperation or increased geopolitical tension, and broader economic opportunity
or widening inequality. We believe we all have a responsibility to help steer these
dynamics in a direction that will create a more sustainable environment in which
all can thrive.
Deloitte is leading the way, helping clients refine and scale trusted Generative AI (GenAI)
solutions through Deloitte’s global GenAI incubator network, while also using AI-powered
tools to enhance our people’s experiences of work and transform the way Deloitte
serves clients. And we are working with organizations to advance their climate-led
transformations, as we accelerate toward Deloitte’s net-zero by 2040 goal. Throughout
this report, we share how we are working around the world to take positive action and
make meaningful progress with purpose.
Delivering impact for our stakeholders
Deloitte serves the public interest in all that we do. We recognize that we can make a
significant impact through the high-quality services Deloitte professionals provide every
day—and we understand that business growth and success are inextricably linked with
societal progress, a thriving natural environment, and economic growth. We measure
our impact to hold ourselves accountable and help stakeholders evaluate our progress.
We draw strength from Deloitte’s 460,000 people and multidisciplinary model, bringing
together our tremendous breadth of experience to address the forces shaping
business and society.
In the 2024 Global Impact Report, Deloitte highlights its continued growth and commitment to making a positive impact. With a workforce of 460,000 people, the firm leverages its multidisciplinary model to address complex business and societal challenges. Deloitte remains a recognized leader in commercial services, holding the title of the world’s most valuable brand in its sector and being named one of the best places to work. Guided by a 180-year legacy of integrity and ethics, Global CEO Joe Ucuzoglu and Global Chair Anna Marks emphasize the firm's dedication to driving meaningful change. Financially, Deloitte reported $67.2 billion in revenue for FY2024, with significant contributions from the Consumer ($13.0B), Financial Services ($18.0B), and Energy, Resources & Industrials ($10.3B) sectors.
impact to hold ourselves accountable and help stakeholders evaluate our progress.
We draw strength from Deloitte’s 460,000 people and multidisciplinary model, bringing
together our tremendous breadth of experience to address the forces shaping
business and society. Our ability to sustain a growth trajectory reflects this, as does
Deloitte’s continuing recognition as a leader across capabilities, industries, and regions.
In addition, we are proud to have again been named the world’s most valuable and
strongest commercial services brand and among the world’s best places to work.
Advancing progress in a changing world
Deloitte’s size and scale place us in a unique position to help change the world for the
better. Our distinctive culture is built on a foundation of quality, ethics, and integrity—it
is at the core of each decision we make. As we continue to expand on Deloitte’s nearly
180-year legacy of making an impact that matters, we see a future that is bright.
Joe Ucuzoglu
Deloitte Global CEO
Anna Marks
Deloitte Global Chair
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
4
Business
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
5
Revenue by business
Total revenue
FIGURE 1
Revenue by business
FIGURE 3
Revenue by region
FIGURE 4
Revenue by industry
FIGURE 2
See endnotes
$67.2B
FY2024
$67.2B
FY2023
$64.9B
FY2022
$59.3B
Consumer
$13.0B
Energy, Resources & Industrials
$10.3B
Financial Services
$18.
In FY2023, Deloitte achieved a total revenue of $67.2 billion, an increase from $64.9 billion in FY2022. Revenue by industry sector included Financial Services ($18.3B), Consumer ($13.0B), Government & Public Services ($12.4B), Energy, Resources & Industrials ($10.3B), Technology, Media & Telecom ($7.5B), and Life Sciences & Health Care ($5.8B). By service line, revenue was generated through Consulting ($30.2B), Audit & Assurance ($12.8B), Tax & Legal ($11.3B), Risk Advisory ($8.1B), and Financial Advisory ($5.0B). Geographically, the Americas contributed $36.4B, EMEA $21.5B, and Asia Pacific $9.5B. As outlined in the 2024 Global Impact Report, Deloitte is helping clients navigate rapid technological changes, such as GenAI, and complex economic and climate challenges by providing strategic insights and sustainable business solutions.
B
FY2023
$64.9B
FY2022
$59.3B
Consumer
$13.0B
Energy, Resources & Industrials
$10.3B
Financial Services
$18.3B
Government & Public Services
$12.4B
Life Sciences & Health Care
$5.8B
Technology, Media & Telecom
$7.5B
$5.0B
Financial Advisory
$8.1B
Risk Advisory
$11.3B
Tax & Legal
$12.8B
Audit &
Assurance
$30.2B
Consulting
$67.2B
Total
Americas
$36.4B
Asia Pacific
$9.5B
EMEA
$21.5B
Global Impact Report
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Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
6
The pace of change and disruption keeps
accelerating—from the rapid adoption of GenAI
and other breakthrough technologies to the
complexities of the climate crisis and continuing
shifts in the economic and geopolitical landscape.
As organizations around the world
seek to navigate this volatility, many are
challenged to change and transform the
ways they do business to stay agile and
competitive.
In this dynamic environment, Deloitte
works with clients to build trust and
confidence in business and markets,
turn deep insights into strategic action,
responsibly create and protect value,
and deliver innovative services and
solutions for the critical opportunities
and challenges organizations face.
Shaping sustainable growth
and climate-led transformation
The climate crisis and sustainability
challenges the world faces are urgent,
defining topics for business leaders—
and navigating this complex landscape
requires sophisticated solutions that
bring together business acumen and
technological innovation.
Deloitte Sustainability helps organizations navigate the climate crisis by integrating sustainability into their core strategies, operations, and supply chains. Recognized as a leader in the 2024 Verdantix ESG & Sustainability Consulting Green Quadrant, Deloitte assists clients in meeting net-zero goals, managing complex regulations, and reporting progress. Through their 'GreenSuite' technology—which includes GreenLight Solution and GreenSpace Tech—clients can track decarbonization in real time and access collaborative tools. Additionally, Deloitte’s Global Hydrogen Center of Excellence supports large-scale decarbonization efforts by helping clients scale low-carbon hydrogen solutions.
and climate-led transformation
The climate crisis and sustainability
challenges the world faces are urgent,
defining topics for business leaders—
and navigating this complex landscape
requires sophisticated solutions that
bring together business acumen and
technological innovation. Deloitte
Sustainability works with organizations
across industries and regions to help
drive meaningful advances in their
climate-led transformations. We assist
clients as they embed sustainability into
their strategies and operations, develop
new sustainable products and services,
re-engineer their supply chains, consider
tax implications, measure and report
on their progress, and manage evolving
sustainability regulation requirements.
Deloitte has been recognized as a leader
in the Verdantix ESG & Sustainability
Consulting Green Quadrant 2024.
Over the past several years, Deloitte
teams have helped thousands of clients
set and accelerate toward their net-zero
and sustainability goals. We deliver a
broad range of sustainability services that
help clients move beyond compliance
to transform their organizations and
realize sustainable growth using
Deloitte’s GreenSuite technology.
Through GreenSuite, which includes
GreenLight Solution and GreenSpace
Tech, organizations have the ability
to track progress in real time against
decarbonization targets and develop
actionable pathways, the means to
engage with ecosystems and alliances
in a collaborative space, and tools and
resources to help them navigate a
complex array of sustainability and climate
regulations. In addition, we collaborate
across ecosystems to drive tangible impact
in the market and help realize a clean
energy future. Deloitte’s Global Hydrogen
Center of Excellence supports clients
in scaling up low-carbon hydrogen and
driving large-scale decarbonization.
Deloitte is driving industry impact through two primary initiatives. First, its Global Hydrogen Center of Excellence helps clients scale low-carbon hydrogen to achieve large-scale decarbonization. Second, Deloitte is accelerating Generative AI (GenAI) adoption. While 80% of global business leaders expect GenAI to transform their industries within three years, only 8% feel fully prepared. To bridge this gap, Deloitte uses its global GenAI incubator network to help clients move beyond pilot projects. Over the past year, Deloitte has delivered over 700 GenAI projects, helping organizations improve efficiency, reduce costs, enhance customer experiences, and accelerate growth.
ross ecosystems to drive tangible impact
in the market and help realize a clean
energy future. Deloitte’s Global Hydrogen
Center of Excellence supports clients
in scaling up low-carbon hydrogen and
driving large-scale decarbonization.
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
7
Accelerating GenAI solutions
and digital transformation
GenAI has captured the popular
imagination—and in just one year,
we have seen booming adoption and
development of GenAI applications
across business, government, and
society. Yet Deloitte’s State of Generative
AI in the Enterprise report found that
while almost 80% of business leaders
globally expect GenAI to drive substantial
transformation within their organizations
and industries over the next three years,
only 8% feel “very highly” prepared for its
integration into their business strategy.
Deloitte practitioners bring together
deep technical knowledge and business
acumen to help organizations bridge that
gap. We are harnessing the potential
of GenAI to drive tangible benefits
and value creation for companies
across industries, helping to turn their
ambitions into reality by scaling up
GenAI deployments beyond pilots and
proofs of concept. Deloitte’s global
GenAI incubator network helps enable
clients to experiment with GenAI tools—
then develop, deploy, and scale GenAI
solutions within their organizations. Over
the past year, Deloitte has helped clients
deliver more than 700 projects to provide
process efficiency, cost reduction,
elevated customer experience, and
greater value in the form of new insights,
faster innovation, and accelerated
growth.
Deloitte has successfully delivered over 700 projects focused on improving efficiency, reducing costs, and driving innovation. In our Generative AI (GenAI) work, we collaborate with a broad network of technology partners and utilize our 'Trustworthy AI' framework to ensure ethical, safe, and reliable outcomes. We are also committed to sustainability; while we recognize the high energy demands of AI, we advise clients on strategies to optimize data center efficiency, GPU usage, and energy management to support net-zero goals. By leveraging our extensive ecosystem of global technology alliances and our GenAI incubator network, Deloitte helps clients navigate complex challenges and implement effective, responsible technology solutions.
Deloitte has helped clients
deliver more than 700 projects to provide
process efficiency, cost reduction,
elevated customer experience, and
greater value in the form of new insights,
faster innovation, and accelerated
growth. We work with Deloitte’s alliance
and technology collaborators across
our GenAI engagements, and Deloitte
employs its Trustworthy AITM
framework to help manage GenAI-related
trust and safety risks, as part of how we
consider trustworthy ethics in everything
we do.
We recognize that AI computing’s large
energy footprint is a challenge that is
widely acknowledged across industries.
Although advancements in energy-
efficient processors, chips, hardware,
and software are being developed, along
with innovations in cooling technology
and energy grid management, Deloitte
believes that business leaders deploying
AI use cases in their organizations should
understand the energy consumption
requirements and be intentional about
how AI can help accelerate business
outcomes, while at the same time not
impeding our collective path to net-zero.
Deloitte is committed to a sustainable
future and is working with clients and the
broader technology ecosystem to advise
on and implement strategies on the
energy mix, efficiency of AI data centers,
and optimal GPU usage.
In a world where technology underpins
almost everything, Deloitte draws on
its strong ecosystem of alliances and
technology relationships with many of
the world’s leading technology providers,
as well as emerging and innovative tech
companies, to guide clients through these
times of change. These relationships are
vital to help address some of Deloitte
clients’ and society’s most complex
challenges. Deloitte’s GenAI incubator
network works directly with Deloitte’s
alliance and technology relationships,
including leading enterprise software,
hardware, and cloud vendors.
Deloitte’s GenAI incubator network collaborates with major technology partners to solve complex challenges. Rakuten Securities, a Japanese online brokerage, partnered with Deloitte Tohmatsu and NVIDIA to improve its customer experience using generative AI. Building on its existing Investment AI Assistant, the team developed the 'Investment Consultation AI Avatar.' This system uses NVIDIA ACE for digital human technology and Deloitte’s Quartz Frontline AI™ to create an avatar that can understand investment questions, speak Japanese, and use realistic gestures and lip-syncing to provide a human-like service. This project is a key outcome of the ongoing multi-year alliance between Deloitte and NVIDIA.
te
clients’ and society’s most complex
challenges. Deloitte’s GenAI incubator
network works directly with Deloitte’s
alliance and technology relationships,
including leading enterprise software,
hardware, and cloud vendors.
Using GenAI to deliver an enhanced digital
customer experience
As a dedicated online brokerage, Rakuten
Securities understands the importance of
delivering an outstanding digital experience
to its customers across Japan. The
company’s leaders recognized that emerging
technologies could help Rakuten Securities
provide a more innovative, human approach,
particularly given GenAI’s ability to leverage
large language models and essentially
“speak” a human language.
In 2023, Rakuten Securities released its
GenAI-enabled Investment AI Assistant chat
service. In parallel, Deloitte Tohmatsu and
NVIDIA had each built a deep understanding
of how GenAI could augment human
capabilities, and both were eager to help
Rakuten Securities explore how the new
technology could further enhance the
customer experience. They collaborated on a
new system that would build upon the client’s
Investment AI Assistant, using NVIDIA ACE,
a suite of digital human technologies that
bring digital humans to life, as its foundation
and Deloitte’s Quartz Frontline AI™, an avatar-
based digital agent, as the next generation of
customer experience. The result was Rakuten
Securities’ Investment Consultation AI Avatar,
a new Japanese speech recognition and text-
to-speech function which enables the avatar to
recognize a customer’s investment questions
and deliver a response. This is accompanied
by human-like gestures from the avatar, as
well as synchronized mouth movements and
voice to facilitate realistic conversation-based
communication.
The AI implementation for Rakuten Securities
was built as part of Deloitte’s multi-year
alliance relationship with NVIDIA.
Deloitte and NVIDIA collaborated to build an AI investment consultant avatar for Rakuten Securities in just two months. The avatar features realistic gestures and synchronized speech, and over 90% of customers who tested it at the 2024 New Year Conference expressed interest in using it again. Additionally, Deloitte’s 'Operate' services help businesses improve efficiency and adapt to industry changes through technology and data insights. A key example is the 'Future of Travel' service, which modernizes travel systems to make passenger journeys faster and more secure.
-like gestures from the avatar, as
well as synchronized mouth movements and
voice to facilitate realistic conversation-based
communication.
The AI implementation for Rakuten Securities
was built as part of Deloitte’s multi-year
alliance relationship with NVIDIA. After
developing the investment consultant AI
avatar in just two months, Rakuten Securities
provided an opportunity for customer
engagement at its New Year Conference 2024.
More than 90% of the Rakuten Securities
customers who had the chance to engage in
conversation with the avatar said they were
interested in using it in the future.
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2024 GLOBAL IMPACT REPORT
8
Embedding continuous
advantage
Times of disruption can create
operational challenges, from expanding
adoption of digitalization to evolving
regulatory requirements, to the need for
increasingly specialized skill sets. Deloitte
practitioners work with organizations
to design, build, and run their critical
business functions through Deloitte’s
Operate services and our global delivery
center network. Through Deloitte’s
deep industry knowledge, leading-
edge technology, automation, and data
insights, Deloitte helps clients increase
operational efficiency and agility, add
value, and embed continuous advantage
into their operations.
Over the past year, Deloitte continued to
expand its Operate services with new
industry-specific solutions. For example,
Operate’s Future of Travel service
is designed to make travel more
seamless and secure by modernizing
the enterprise systems and operational
processes that facilitate travel with
digital issuance and arrival solutions—
unlocking a future where passengers can
secure necessary travel documents and
complete their journeys more swiftly and
smoothly.
Deloitte modernizes travel systems with digital solutions to make passenger journeys faster and more secure. For automotive manufacturers, their Software-Defined Vehicles platform streamlines updates, speeds up product launches, and integrates third-party apps while reducing manual work. Additionally, Deloitte’s 'AI Factory as a Service' helps businesses adopt Generative AI quickly and affordably. In the cybersecurity sector, Deloitte helped the Dhanani Group—a major US food services company—improve its cyber resiliency. By implementing Deloitte’s Managed Extended Detection & Response (MXDR), the Dhanani Group gained an 'always-on' security solution that detects threats and ensures business continuity without the need for heavy internal investment.
and secure by modernizing
the enterprise systems and operational
processes that facilitate travel with
digital issuance and arrival solutions—
unlocking a future where passengers can
secure necessary travel documents and
complete their journeys more swiftly and
smoothly.
The Software-Defined Vehicles
end-to-end platform helps
manufacturers to send secure updates,
accelerate time to market, and integrate
third-party applications, while reducing
manual inputs. Operate teams are also
incorporating new and emerging
industry disruptions, such as GenAI.
Deloitte’s AI Factory as a Service helps
enterprises unlock value from this
new technology in a rapid, scaled, and
cost-effective manner across multiple
industries and businesses.
Providing enhanced cyber resiliency
through Deloitte’s Operate services
When Dhanani Group, a large US food
services company with hundreds of
locations, sought a recipe for enhanced
cyber resiliency, the company turned to
Deloitte. Dhanani Group wanted a solution
that would help detect potential cyber
attacks and support business continuity
amid ongoing cyber threats—and do it in
a way that did not require the company to
invest heavily in internal cyber capabilities
and tools. Instead, an “always-on” turnkey
solution—continuously managed by an
experienced services provider—sounded
ideal.
Dhanani Group considered that Managed
Extended Detection & Response (MXDR)
by Deloitte could meet its requirements,
helping the company take advantage
of managed cybersecurity services and
a Software-as-a-Service (Saas)-based
approach to incident management.
Deloitte’s Managed Extended Detection and Response (MXDR) service provides the Dhanani Group with 24/7 cybersecurity monitoring, threat detection, and incident response through a cloud-based, managed platform. By using this service, the Dhanani Group avoids the costs and complexities of building an internal security operations center or hiring specialized staff, allowing them to focus on their core business. This partnership has improved the company's cyber resilience and ability to handle future growth. Separately, Deloitte Audit & Assurance continues to prioritize trust and transparency in corporate reporting, having completed over 180,000 engagements globally in the past year.
Detection & Response (MXDR)
by Deloitte could meet its requirements,
helping the company take advantage
of managed cybersecurity services and
a Software-as-a-Service (Saas)-based
approach to incident management. In
addition to endpoint protection, MXDR
by Deloitte is providing the company
with proactive threat detection,
24x7x365 monitoring, and response and
remediation—through an integrated suite
of cloud-hosted SaaS offerings managed
by Deloitte US practitioners in cyber
threat intelligence, security engineering,
and operations.
MXDR by Deloitte has helped enable
Dhanani Group to avoid creating a new
security operations center, investing in
on-premises solutions, or acquiring in-
house cyber talent. Instead, the company
can focus more on its core business. With
a single integrated set of leading cyber
technologies—provided turnkey and as
a managed Operate service by Deloitte
US—Dhanani Group has boosted its cyber
resiliency and confidence and improved
its ability to prevent and recover from
business-disruptive events. Moreover,
MXDR by Deloitte helps to better position
the company to embed continuous
advantage and address future needs,
including new cyber demands created by
business expansions.
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2024 GLOBAL IMPACT REPORT
9
Building trust in corporate
reporting
As a leader in quality, Deloitte Audit &
Assurance (A&A) is committed to our
vital role in building trust and confidence
in corporate reporting ecosystems—
upholding integrity, independence,
and transparency across 180,000+
engagements worldwide over the
past year.
Deloitte’s Audit & Assurance (A&A) practice builds trust in corporate reporting by ensuring integrity, independence, and transparency. Over the past year, the firm completed over 180,000 engagements, verifying both financial and non-financial data to help organizations accurately report their performance, risks, and societal impact. As reporting standards evolve, Deloitte assists companies in meeting new disclosure requirements. The firm is transforming its service delivery through innovative platforms like Deloitte Omnia and Deloitte Levvia, which now include GenAI-enabled capabilities. These efforts have earned Deloitte several honors, including the 2024 AI Innovation Initiative of the Year, the 2024 Malaysian Institute of Accountants’ Top Excellence Award, and recognition as a 2023 Digital Innovation of the Year finalist. Additionally, Deloitte recognizes that as taxation is increasingly used to address societal issues like climate change and inflation, and as GenAI reshapes business models, companies require a more dynamic tax function.
urance (A&A) is committed to our
vital role in building trust and confidence
in corporate reporting ecosystems—
upholding integrity, independence,
and transparency across 180,000+
engagements worldwide over the
past year. Through our independent
assessment of an organization’s financial
and non-financial statements and
controls, Deloitte instills confidence that
an organization’s corporate reporting
is an appropriate reflection of its
impact to society and a sustainable
environment, the risks and opportunities
of its business model, and its financial
performance, position, and prospects. As
the evolution from traditional financial
reporting to broader corporate reporting
continues, Deloitte is helping companies
ready themselves for new or enhanced
disclosure requirements and engaging
stakeholders in meaningful, transparent
conversations.
Over the past year, Deloitte A&A
has made significant progress on
transforming how we deliver our services
through our innovative platforms,
Deloitte Omnia and Deloitte Levvia,
including developing additional GenAI-
enabled capabilities and solutions.
Deloitte has won multiple awards
recognizing leadership in technology
innovation, including the AI Innovation
Initiative of the Year at the 2024
International Accounting Forum and
Awards, Top Excellence Award at the
2024 Malaysian Institute of Accountants’
Digital Technology Adoption Awards,
and selection as the Top Finalist for the
Digital Innovation of the Year award at
The International Accounting Forum &
Awards 2023.
Navigating ongoing evolution
Taxation continues to be used as a
valuable tool to address major societal
concerns, from climate change initiatives
to inflation control measures, while the
emergence of new business models,
particularly those leveraging GenAI,
emphasizes the need for a dynamic
tax function.
Deloitte is helping clients navigate a rapidly changing business and regulatory environment, driven by factors like climate change, inflation, and the rise of Generative AI. The OECD’s two-pillar tax framework has made tax strategy a top priority for corporate boards, and Deloitte is supporting clients with Pillar Two impact assessments, compliance, and reporting. To streamline operations, Deloitte uses its Intela technology platform for data management and provides AI-powered tools to automate processes and improve accuracy. Additionally, Deloitte offers Operate services to manage global e-invoicing and e-reporting requirements, while its Global Employer Services (GES) help organizations handle complex cross-border tax compliance and remote work policies.
to address major societal
concerns, from climate change initiatives
to inflation control measures, while the
emergence of new business models,
particularly those leveraging GenAI,
emphasizes the need for a dynamic
tax function. Deloitte’s Tax practices
have remained at the forefront of
these changes, advising clients as they
traverse the rapidly evolving business,
regulatory, and economic landscape. The
implementation of the Organisation for
Economic Co-operation and Development’s
two-pillar approach to tax challenges
catapulted tax up the corporate board
agenda, making it a regular part of C-suite
conversations as adaptation and action are
required. Deloitte’s Pillar Two services and
technology are helping clients with impact
assessment and response, provisioning,
compliance, and reporting. We are
continuing to innovate with our Intela tax
technology platform, which delivers an
integrated tech ecosystem for tax work
planning, management, data collection,
analysis, and transformation. In addition,
we have advised Deloitte clients on the
potential tax implications of AI, along
with the rapid emergence of GenAI, and
provided AI-powered tools that automate
processes, expedite response times, and
enhance accuracy.
During the past year, Deloitte continued to
provide comprehensive Operate services,
including implementation, and where
permissible outsourcing, including a focus
on addressing emerging e-invoicing and
e-reporting requirements mandated
globally. Deloitte teams help clients
with their continuous compliance and
operational efficiency through seamless
integration of business systems and
processes. Deloitte also enhanced its
Global Employer Services (GES) and
Mobility offerings, helping organizations
manage complex global workforce
challenges, cross-border tax compliance,
and remote working policies amid market
turbulence.
Deloitte is helping organizations navigate complex global workforce challenges, such as cross-border tax compliance and remote work policies, through its enhanced Global Employer Services (GES) and Mobility offerings. A new alliance with Payslip now provides clients with an integrated global payroll solution. Meanwhile, Deloitte Legal is supporting general counsels as they take on broader business and legal roles, offering strategic guidance in areas like M&A, data privacy, ESG, and cybersecurity. By integrating legal considerations into core business operations, Deloitte Legal helps clients improve efficiency, reduce risk, and leverage data analytics. Additionally, Deloitte’s Consulting services—covering Strategy, Risk & Transactions, and Technology & Transformation—provide comprehensive solutions to help businesses create value, manage risk, and drive digital transformation in a changing market.
processes. Deloitte also enhanced its
Global Employer Services (GES) and
Mobility offerings, helping organizations
manage complex global workforce
challenges, cross-border tax compliance,
and remote working policies amid market
turbulence. In addition, Deloitte’s new
alliance with Payslip offers clients a
comprehensive global payroll solution
in an integrated Payroll Operate offering
across GES and Business Process Solutions
using advanced technology integration
capabilities.
As general counsels increasingly become
hybrid business and legal advisors, Deloitte
Legal1 stands committed to guiding clients
through these complex responsibilities,
providing strategic insight and legal
solutions across M&A, people law,
contracts, data privacy, ESG management,
tax regulations, cybersecurity, and more.
Deloitte Legal’s continuous efforts to
respond to escalating regulatory, business
model, and environmental changes have
been instrumental in transforming the
operating models of Deloitte clients’ legal
departments. As digital transformation
becomes ever more pivotal to business
strategy, Deloitte Legal practitioners
continue to guide businesses in integrating
legal considerations into core business
operations—enhancing the accuracy and
speed of processes, realizing efficiencies,
mitigating legal risk, and uncovering new
insights using advanced analytics.
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
10
Creating and protecting value
in a changing environment
Our Consulting services: Strategy, Risk
& Transactions and Technology &
Transformation provide a full suite of
solutions to help empower organizations
to thrive in a complex and constantly
shifting environment, from creating
and protecting value, to managing
and mitigating risk, to advancing their
transformation through strategic advice
and technology solutions.
Deloitte’s Strategy, Risk & Transactions (SR&T) division provides C-suite and board-level advisory services to help organizations navigate complex environments, manage risk, and drive growth. Their M&A practice supports companies in portfolio rebalancing, resilience building, and integrating AI and sustainability. The Strategy and Business Design teams offer economic analysis, including impact assessments for net-zero goals and major global events, and have developed innovative tools like a clean hydrogen energy model. Additionally, Deloitte’s Risk, Regulatory, and Forensic practices combine expert consulting with proprietary AI to help public and private clients address financial crime, fraud, litigation, and regulatory compliance, ensuring long-term security and success.
of
solutions to help empower organizations
to thrive in a complex and constantly
shifting environment, from creating
and protecting value, to managing
and mitigating risk, to advancing their
transformation through strategic advice
and technology solutions.
Deloitte Strategy, Risk & Transactions
(SR&T) practitioners act as trusted
C-Suite and board advisors, equipping
clients to create and protect value,
manage risk, and support compliance
for the benefit of business, society,
and the global economy. Over the past
year, our end-to-end M&A practice
advised companies on driving growth,
rebalancing portfolios, building
resilience, and developing new or deeper
capabilities in sustainability and AI.
Deloitte’s Strategy and Business Design
practices provided insights and impartial
economic analysis and research;
quantified economic and social impacts
of net-zero targets and iconic global
sporting events; supported decisions to
deliver social and economic objectives;
and developed the first-of-its-kind clean
hydrogen energy model, which will be
instrumental as countries continue to
transition energy sources.
Through our SR&T services, Deloitte
practitioners helped organizations
build trust, resilience, and security for
enduring success. Deloitte has combined
its Risk and Regulatory consultancy with
the latest technologies and tailored
strategies in areas such as sustainability,
strategy, policy, regulation, compliance,
and controls, to enable clients to
remain resilient in the face of complex
challenges. Deloitte’s Risk, Regulatory,
and Forensic practices worked with
public and private sector organizations
to help address global financial crime;
navigate fraud, waste, and abuse matters;
and manage large-scale litigations and
regulatory responses
with proprietary AI solutions.
Deloitte helps organizations manage financial crime, fraud, and large-scale litigation using proprietary AI solutions. The firm is expanding its Financial Crime Operate capabilities to support fraud, technology, and insurance sectors. To assist clients with digital transformation, Deloitte leverages multidisciplinary expertise and investments in GenAI. Key initiatives include the launch of Deloitte Ascend™, a delivery platform that improves user experience and project efficiency, and the Deloitte US Center for Controllership, which provides resources for evolving financial roles. Additionally, Deloitte emphasizes the importance of robust cybersecurity strategies to address modern threats and support business goals.
and Forensic practices worked with
public and private sector organizations
to help address global financial crime;
navigate fraud, waste, and abuse matters;
and manage large-scale litigations and
regulatory responses
with proprietary AI solutions. Deloitte
also continued to grow its Financial
Crime Operate capabilities to drive
solutions in areas such as fraud,
technology, and insurance.
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
11
Advancing clients’
transformation journeys
In a world of exponential change,
organizations turn to Deloitte Technology
& Transformation practitioners to deliver
exponential impact to advance their
transformations. Deloitte continues to
invest in future-facing capabilities—
including GenAI—to power its strategic
advice and technology solutions and
help clients navigate the future. Drawing
on the breadth of our market-leading
multidisciplinary capabilities, Deloitte
co-innovates with clients at each stage
of their transformation journey, tailoring
our services to the outcomes they seek.
Over the past year, we introduced
Deloitte AscendTM, our leading-edge
delivery platform. By integrating
industry experience with innovative
technologies, Deloitte is transforming
our packaged-technology clients’ user
experience with a consistent best-in-class
approach, reduced project timelines,
and real-time data insights. In addition,
Deloitte US launched the Center for
Controllership, a research, resource,
and collaboration center designed to
guide clients through the changing
role of the controller. In today’s rapidly
evolving digital landscape, organizations
need a robust cybersecurity strategy
that not only addresses the complexity
of modern threats but also supports
key business objectives.
Deloitte is helping clients adapt to the evolving role of the controller by strengthening cybersecurity through its Global Cyber Strategy. This includes new partnerships, such as ConvergeSECURITY with Amazon Web Services and CyberSphere with NVIDIA Morpheus, to better support business goals. In the healthcare sector, Deloitte North and South Europe (NSE) is collaborating with AstraZeneca to modernize how patients access medication information. Because many patients struggle with or ignore traditional paper leaflets, AstraZeneca aims to replace them with electronic product information (ePI) by 2030. This digital solution allows patients to access information easily by scanning a QR code on their medicine packaging.
designed to
guide clients through the changing
role of the controller. In today’s rapidly
evolving digital landscape, organizations
need a robust cybersecurity strategy
that not only addresses the complexity
of modern threats but also supports
key business objectives. Through an
updated Global Cyber Strategy, Deloitte
has formed strategic relationships with
top technology providers, including the
introduction of ConvergeSECURITY in
collaboration with Amazon Web Services
and the introduction of a CyberSphere
offering with NVIDIA Morpheus, all
aimed at delivering enhanced value
to Deloitte clients.
Find out more
Artificial intelligence and innovation
Core services
Locations
Analyst recognition
Metrics and frameworks
Digitizing the patient experience
How closely do patients read the
printed information provided with
their medicines? Data from the US and
UK suggests that many people who
take medicine don’t read the patient
information leaflets (PILs) that come
with their medication. Those that do can
find it hard to understand or want more
information.
In a digital economy, this system is
outdated. Innovators in the life sciences
and health care sector are exploring
a fresh approach through the use of
electronic product information (ePI).
Recognizing the potential benefits for
patients, health care systems, and
the planet, AstraZeneca is laying the
groundwork for change: the company’s
goal is to introduce ePI across all products
by 2030, while ensuring flexibility for
patients to access product information
through alternative ways, if needed.
Since 2021, Deloitte North and South
Europe (NSE) has worked alongside
AstraZeneca to build a robust ePI digital
solution, creating a platform that enables
access to ePI by scanning a QR code
found on the packaging of AstraZeneca
medicines.
AstraZeneca has partnered with NSE to create a digital platform for electronic Patient Information Leaflets (ePI). By scanning a QR code on medicine packaging, patients can instantly access digital versions of the paper leaflets. This solution is currently being piloted across 24 markets, including Australia, Canada, Japan, Portugal, Singapore, and Spain. Additionally, the 2024 Global Impact Report highlights the company's commitment to its workforce, noting a total headcount of 460,300 employees. The company invested over $647 million in training, providing 21 million hours of formal instruction and averaging 46 hours of training per employee. Gender representation across regions remains balanced, with women making up 45% to 47% of the workforce.
NSE) has worked alongside
AstraZeneca to build a robust ePI digital
solution, creating a platform that enables
access to ePI by scanning a QR code
found on the packaging of AstraZeneca
medicines. Scanning the QR code will
bring up a digital version of the paper PILs
found in medicine packs. AstraZeneca’s
ePI digital solution has been implemented
across a wide range of medicine products,
with pilot programs rolled out across 24
markets, including Australia, Canada,
Japan, Portugal, Singapore, and Spain.
12
Our people
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
13
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
Our people by the numbers
Total headcount vs new hires
FY2024
FY2023
FY2022
Total headcount
New hires
460,300
456,830
92,910
132,700
411,950
460,300
156,430
FIGURE 1
Developing top talent
46
average annual training
hours per individual
$647M+
direct training
investment
21M
formal training hours
delivered for our people
6
Deloitte University
facilities around the world
FIGURE 2
Headcount breakout - Gender by region
45%
47%
46%
55%
53%
54%
Men
Women
Americas
Asia Pacific
EMEA
FIGURE 6
Attracting top talent
7.
In the 2024 Global Impact Report, Deloitte highlights its commitment to its workforce and global talent acquisition. Key workforce statistics include: 1) Gender distribution: Across the Americas, Asia Pacific, and EMEA, the workforce is 46% women and 54% men. Overall, 46% of employees are under 30, 48% are between 30 and 50, and 6% are over 50. 2) Talent acquisition: The organization received 7.23 million applications, resulting in 92,910 new hires and 31,300 internships. Additionally, the 2024 Deloitte Global Gen Z and Millennial Survey of nearly 23,000 respondents across 44 countries found that while optimism is growing, these generations remain concerned about financial security, climate change, and social-political issues, prioritizing purpose-driven work and mental well-being.
URE 2
Headcount breakout - Gender by region
45%
47%
46%
55%
53%
54%
Men
Women
Americas
Asia Pacific
EMEA
FIGURE 6
Attracting top talent
7.23M
applications received
across the organization
31,300
internships
92,910
new hires
FIGURE 3
Headcount breakout - Overall by gender and age
By gender
Women
Men
54%
46%
Age < 30
Age 30 - 50
Age > 50
46%
48%
6%
By age
FIGURE 5
See endnotes
Headcount breakout - Age by region
48%
48%
48%
45%
47%
7%
5%
Age 30 - 50
Age < 30
Age > 50
Americas
Asia Pacific
EMEA
45%
7%
FIGURE 4
2024 GLOBAL IMPACT REPORT
14
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
As a global network powered by human intellect
and breakthrough thinking, Deloitte is dedicated to
creating enduring career value for our people.
In 2024, the annual Deloitte Global Gen
Z and Millennial Survey connected with
nearly 23,000 (non-Deloitte) respondents
across 44 countries to track their
experiences and expectations at work
and in the world more broadly. As the
results of the survey make clear, while
these generations’ overall optimism is
rising, they continue to be concerned
about their futures, especially when
it comes to financial security, climate
change, and the social and political
outlook. They seek purpose-driven
careers that align with their values
and prioritize mental well-being and a
healthy work/life balance.
Deloitte’s workforce is 80% Gen Z and millennials, a group deeply concerned with financial security, climate change, and social issues. To support its 460,000 global employees, Deloitte offers purpose-driven work, professional development, and competitive benefits that prioritize mental health and work-life balance. The firm is built on a culture of ethics, integrity, and inclusion, earning it the No. 6 spot on the 2023 'World’s Best Workplaces' list by Great Place To Work®. Through its core diversity, equity, and inclusion (DEI) strategy, Deloitte remains committed to fostering an equitable environment where all employees can thrive and make a meaningful impact.
, especially when
it comes to financial security, climate
change, and the social and political
outlook. They seek purpose-driven
careers that align with their values
and prioritize mental well-being and a
healthy work/life balance. With 80% of
our workforce comprised of Gen Z’s
and millennials, Deloitte is focused on
supporting the professional and personal
growth of all of our 460,000 people
around the world—from the meaningful
and challenging work we provide, to the
world-class learning and development we
offer, to our competitive, market-based
compensation and benefits.
We seek to foster an inclusive, supportive
workplace where our people can thrive
throughout their career journeys. Our
distinctive Deloitte culture is built on a
foundation of quality, ethics, integrity, and
purpose. It shines through in all the ways
we help enable our people to maximize
the contributions they make to Deloitte
clients and the communities in which
they live. And we have been recognized
for bringing these commitments to life.
Deloitte was named among the World’s
Best Workplaces in 2023 by Great Place
To Work®, rising to No. 6.
Fostering an inclusive,
supportive culture and
a diverse workforce
Deloitte is committed to providing an
inclusive and equitable workplace where
everyone can thrive. Guided by
Deloitte’s Shared Values, we strive to
empower our people to achieve their full
potential and make an impact that matters
every day.
Deloitte’s global diversity, equity, and
inclusion (DEI) strategy is core to our
business strategy.
Deloitte is committed to helping its employees reach their full potential through a global diversity, equity, and inclusion (DEI) strategy. This strategy is built on six pillars: disability inclusion, LGBT+ inclusion, mental health, neurodiversity, race/ethnicity/indigenous communities, and women’s equity, all supported by a respectful workplace culture. Deloitte adapts these pillars to meet specific local needs. To drive progress, Deloitte publishes research like the annual 'Women @ Work: A Global Outlook' report. The 2024 report, which surveyed 5,000 women across 10 countries, found that rising stress and a lack of employer support for work-life balance are causing women to change jobs. Deloitte uses these insights to improve its own practices, such as offering flexible work arrangements and prioritizing mental and women’s health.
strive to
empower our people to achieve their full
potential and make an impact that matters
every day.
Deloitte’s global diversity, equity, and
inclusion (DEI) strategy is core to our
business strategy. It is founded on six
core pillars—disability inclusion; LGBT+
inclusion; mental health; neurodiversity;
race, ethnicity, and indigenous
communities; and women’s equity—
underpinned by a focus on a respectful
and inclusive culture. Deloitte firms focus
their DEI efforts around these pillars,
alongside any specific DEI priorities
relevant to their countries.
We also bring our DEI priorities to life
internally and externally through thought
leadership and insights, such as the annual
Deloitte Global Women @ Work: A Global
Outlook report. Now in its fourth year, the
report is built on a survey of approximately
5,000 working women (outside Deloitte)
across 10 countries that asks about their
experiences in the workplace and factors
that can impact them. According to the
findings of the 2024 report, rising stress
levels and poor mental health persist, and
fewer women report feeling supported
by their employers to balance work
responsibilities with their commitments
outside of work—a trend that is leading
some women to switch employers. At
Deloitte, we also study the results of this
and our other thought leadership reports
to incorporate leading practices in our
organization. For example, we continue
to offer flexible work arrangements that
benefit all genders, alongside taking action
on critical elements such as women’s
health and mental health.
In our 2024 Global Impact Report, Deloitte highlights its commitment to gender equity and employee well-being. We support all employees through flexible work arrangements and initiatives focused on women’s health and mental health. Aligned with the UN Women’s Empowerment Principles, we participated in the '16 Days of Activism Against Gender-Based Violence.' Regarding leadership representation, women currently make up 35% of the 20-member Deloitte Global Executive Committee and 41% of the 17-member Deloitte Global Board. While we have not yet reached our 2025 goal of 30% female representation among partners, principals, and managing directors (PPMDs)—currently at 27%—we are making steady progress. Our leadership monitors these metrics biannually to ensure we remain on track to meet our diversity goals.
our other thought leadership reports
to incorporate leading practices in our
organization. For example, we continue
to offer flexible work arrangements that
benefit all genders, alongside taking action
on critical elements such as women’s
health and mental health.
2024 GLOBAL IMPACT REPORT
15
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
Additionally, aligned with our global focus
on women’s equity and our commitment
to the UN Women’s Empowerment
Principles, we were proud to support the
UN-sponsored campaign, 16 Days of
Activism Against Gender-Based Violence,
a global call for action for the prevention
and elimination of violence against
women and girls. The Deloitte Global
Executive Committee comprises 20
members, 35% of whom are women
(down from 38% in FY2023), and the
Deloitte Global Board has 17 members,
with women making up 41% of the Board
(up from 35% in FY2023). Since 2019,
Deloitte firms have increased women’s
representation in both member firm
partnership and other leadership roles.
We continue to make progress toward
the 2025 goal of 30%; in FY2024, 27% of
member firm partners, principals, and
managing directors (PPMDs) are women.
As leaders, we know it is important to
set bold goals as a galvanizing force to
help motivate change across Deloitte.
As such, while this is not the 30% goal
we were aiming for by next year, we
are confident we will reach this soon.
Progress against this aspirational goal
and other measurements is monitored
and reported to the Deloitte Global
Executive Committee and Deloitte Global
Board of Directors twice per year.
Deloitte Global tracks progress toward its inclusion goals, reporting to its Executive Committee and Board of Directors twice a year. Since signing the UN Standards of Conduct for Business in 2018, the firm has actively supported LGBT+ inclusion. This includes publishing the '2023 LGBT+ Inclusion @ Work' report, which surveyed 5,500 people across 13 countries, and releasing a film for International Transgender Day of Visibility 2024 featuring transgender employees. To improve its internal strategy, Deloitte invites employees to voluntarily and anonymously disclose their LGBT+ identity through its annual Global Talent Experience survey. Additionally, the firm prioritizes mental health research, publishing annual insights based on its Gen Z and Millennial Survey since 2020.
year, we
are confident we will reach this soon.
Progress against this aspirational goal
and other measurements is monitored
and reported to the Deloitte Global
Executive Committee and Deloitte Global
Board of Directors twice per year.
In 2018, Deloitte Global proudly signed
up to the UN Standards of Conduct
for Business in Tackling Discrimination
against LGBTI people (the UN Standards).
In line with the UN standard to act in
the public sphere, we launched the
Deloitte Global 2023 LGBT+ Inclusion
@ Work report based on a survey of
approximately 5,500 (non-Deloitte)
LGBT+ respondents from 13 countries,
further exploring the experiences of
the LGBT+ community in the workplace.
In addition, in support of International
Transgender Day of Visibility (TDoV)
2024, we produced a short film featuring
transgender Deloitte colleagues
highlighting what TDoV—and visibility
and allyship—means to them. Where
permitted under local data privacy and
employment laws, we enable Deloitte
people to voluntarily and anonymously
disclose whether they identify as LGBT+
through Deloitte’s annual Global Talent
Experience survey. This data is just one
of the ways that we seek to understand
the views of our LGBT+ people on their
talent experience at Deloitte and it plays
a key role in helping to identify both
the impact of Deloitte’s global LGBT+
inclusion strategy and future areas of
focus.
We are also focused on conducting
research and publishing thought
leadership on the importance of mental
health in the workplace and have
published a deep dive based on the
mental health findings of our annual Gen Z
and Millennial Survey each year since 2020.
Deloitte Global is committed to fostering an inclusive and growth-oriented workplace through several key initiatives. Since 2020, we have published annual research on mental health in the workplace, specifically highlighting findings from our Gen Z and Millennial Survey. To support disability and neurodiversity inclusion, we are a signatory of the International Labour Organization’s Global Business and Disability Network Charter and have produced the “Can you see me, do you hear me?” video series, featuring employees Matt and Rebecca. Additionally, we use our annual Global Talent Experience survey to allow employees to voluntarily and anonymously disclose their LGBT+ identity, helping us refine our inclusion strategies. Finally, we prioritize lifelong learning by providing training in leadership, agility, and technology to ensure our employees can adapt to evolving client needs and global challenges.
conducting
research and publishing thought
leadership on the importance of mental
health in the workplace and have
published a deep dive based on the
mental health findings of our annual Gen Z
and Millennial Survey each year since 2020.
Demonstrating our commitment to
supporting people with disabilities and
those who are neurodivergent, Deloitte
Global is a proud signatory of the
International Labour Organization’s Global
Business and Disability Network Charter.
Given that a significant focus of the charter
is to raise awareness around disability
inclusion and neurodiversity, Deloitte has
developed videos in the “Can you see me,
do you hear me?” series featuring two of
our Deloitte people, Matt and Rebecca,
sharing their experiences with disability
and neurodiversity, respectively. Where
permitted under local data privacy and
employment laws, we enable Deloitte
people to voluntarily and anonymously
disclose whether they identify as LGBT+
through Deloitte’s annual Global Talent
Experience survey. This data is just one
of the ways that we seek to understand
the views of our LGBT+ people on their
talent experience at Deloitte and it plays
a key role in helping to identify both the
impact of Deloitte’s global LGBT+ inclusion
strategy and future areas of focus.
Developing and supporting
lifelong learners
With market realities and client needs
evolving rapidly, it’s important for Deloitte
people to be lifelong learners. We develop
our people throughout their careers, with a
focus on accelerating agility and leadership
skills and strengthening capabilities around
critical challenges facing Deloitte clients
and our global society. We also deliver
tech-focused reskilling in response to the
rapid pace of innovation.
In its 2024 Global Impact Report, Deloitte highlights its commitment to employee development by focusing on leadership, agility, and core human capabilities like resilience and curiosity. To keep pace with rapid technological change, the firm provides training in AI, cloud, and cyber security, including a global AI and GenAI Fluency Month. Deloitte also utilizes 'hire to train' programs to diversify its workforce and offers learning through Deloitte University (DU) and virtual, on-demand platforms to ensure employees gain the necessary credentials and experience for future success.
careers, with a
focus on accelerating agility and leadership
skills and strengthening capabilities around
critical challenges facing Deloitte clients
and our global society. We also deliver
tech-focused reskilling in response to the
rapid pace of innovation. This includes
hot skills training around AI, cloud, and
cyber, as well as “hire to train” programs,
which help enable Deloitte to diversify
our recruiting pipeline and where future
Deloitte people have the opportunity
to gain the credentials and on-the-job
experience they need to help them
succeed in future roles. Our deep learning
and development offerings include
programs at Deloitte University (DU), as
well as virtual and on-demand,
always-on learning.
2024 GLOBAL IMPACT REPORT
16
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
As we consider the continued rise of
technology and the profound changes it
brings, Deloitte is reaffirming our network’s
focus on our greatest asset—our people.
Through our Enduring Human Capabilities
programming, we seek to encourage
and strengthen the core capabilities—
from curiosity to resilience to divergent
thinking—that underpin our ability to
evolve and transform both ourselves and
our business.
In 2024, we also held Deloitte’s first global
AI and GenAI Fluency Month devoted
to business-, industry-, and geography-
specific impacts of AI, along with hands-
on training offered in collaboration with
our Ecosystems & Alliances relationships.
Deloitte prioritizes employee development through continuous, inclusive learning, with Deloitte University (DU) serving as the hub for leadership growth. Key recent initiatives include: 1) The first global AI and GenAI Fluency Month, which provided hands-on training on AI's impact across industries and regions. 2) Sustainability & Climate (S&C) Learning Week and Earth Month, which focused on climate crisis education and supporting client sustainability goals. 3) The 'Reach Higher: Paris 2024' leadership program, a partnership with the International Olympic Committee (IOC) and International Paralympic Committee. Over 500 employees participated in this program at DU EMEA and the Deloitte France office, where they gained leadership skills and experienced the Paris 2024 Games while learning how Deloitte supports the IOC’s mission.
held Deloitte’s first global
AI and GenAI Fluency Month devoted
to business-, industry-, and geography-
specific impacts of AI, along with hands-
on training offered in collaboration with
our Ecosystems & Alliances relationships.
During our Sustainability & Climate (S&C)
Learning Week and Earth Month, we also
continued our efforts to upskill our people
around S&C, from delving into the impacts
of the climate crisis to understanding how
Deloitte is supporting clients’ sustainability
journeys as well as advancing our own.
In addition, we launched Deloitte’s
Reach Higher: Paris 2024 Leadership
Development program as part of our
“partnership with purpose” with the
International Olympic Committee (IOC)
and International Paralympic Committee.
More than 500 Deloitte people participated
in a bespoke leadership development
program hosted at DU EMEA and the
Deloitte France office in Paris. They also
experienced the Olympic and Paralympic
Games Paris 2024 and gained an
appreciation of how Deloitte works with the
IOC to support their mission of bringing
together the world through sports.
Bringing Deloitte people together for moments that matter
Our people are our most valuable
asset—and investing in and developing
them is our top priority. Deloitte’s focus
on continuous and inclusive learning
spans each individual’s career journey,
and Deloitte University (DU) is the
cornerstone of our commitment to
leadership development. Participating
in an immersive learning program at
DU is an exceptional and memorable
development experience, helping
our people reach their full potential
and offering them the opportunity
to create—and strengthen—the
connections that are so important to
making an impact in a global network
serving multinational clients.
Deloitte University (DU) is a global network of facilities designed to help employees reach their full potential through in-person learning, leadership development, and networking. Since the first location opened in Westlake, Texas, in 2011, Deloitte has expanded to include sites in Hyderabad, Mexico City, Singapore, Toronto, and most recently, Paris (DU EMEA, opened in 2024). A new site is currently under construction near Beijing, and the Westlake campus is being expanded. These facilities foster cross-border collaboration, allowing employees to share innovative solutions and connect with leaders. While digital learning remains important, DU represents Deloitte’s ongoing commitment to the value of face-to-face professional development.
is an exceptional and memorable
development experience, helping
our people reach their full potential
and offering them the opportunity
to create—and strengthen—the
connections that are so important to
making an impact in a global network
serving multinational clients.
In 2024, we celebrated the opening of
our newest DU location, DU EMEA, a
world-class facility located just outside
of Paris. DU EMEA promotes cross-
border collaboration by bringing
together Deloitte people from across the
region, enabling the exchange of ideas
and perspectives, leading practices,
and innovative solutions. This new DU
location will help us continue to attract
top recruits, as well as retain and further
develop our talented people across the
region.
From the early days, DU has shown us
the importance of being together for
the moments that matter, including
leadership development, career
milestones, signature learning programs,
and custom client experiences. Since
opening the first DU in Westlake, Texas,
in 2011, we have launched additional
facilities in Hyderabad, Mexico City,
Singapore, Toronto, and now Paris. We
also have a new site under construction
near Beijing and are significantly
expanding our original Westlake
campus. DU provides opportunities
for our people to learn collaboratively,
develop connections, and then take
those learnings and insights back to their
teams in their respective parts of the
world. It is also a place where Deloitte
leaders of today meet our leaders of the
future, through leader-led development
programs, fireside chats, and networking
conversations. While digital learning
is a vital part of the culture of a global
network of our scale, DU reflects our long-
term commitment to and investment in
in-person learning.
Our organization prioritizes in-person learning through DU (Deloitte University), complementing our digital learning culture. We are committed to fostering an inclusive workplace, focusing on disability, LGBT+, mental health, neurodiversity, race, ethnicity, indigenous communities, and women’s equity. Regarding our environmental impact, we are working toward net-zero emissions by 2040. Our near-term goals include reducing Scope 1 and 2 greenhouse gas emissions by 70% and business travel emissions by 55% per employee by 2030. As of FY2024, we have achieved 93% renewable electricity consumption and transitioned 50% of our fleet to electric vehicles, with a goal of 100% for both by 2030.
development
programs, fireside chats, and networking
conversations. While digital learning
is a vital part of the culture of a global
network of our scale, DU reflects our long-
term commitment to and investment in
in-person learning.
Find out more
Disability inclusion
Learning and development
LGBT+ inclusion
Mental health
Neurodiversity
Race, ethnicity, and indigenous
communities
Women’s equity
Metrics and frameworks
17
Environmental
Global Impact Report
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Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
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Metrics and frameworks
Environmental by the numbers
Greenhouse gas emissions by scope
FY2024
FY2023
FY2022
FY2019
1,445,809
1,608,085
919,150
1,513,192
Scope 1 Fuel in buildings and fleet
Business travel
Purchased goods
and services
Commuting
(including teleworking)
Scope 2 Electricity and district heating
and cooling in buildings and fleet
Scope 3
FIGURE 4
Electric fleet
FY2030 goal
FY2024
FY2023
FY2022
100%
50%
39%
24%
FIGURE 3
Renewable electricity consumption
FY2030 goal
FY2024
FY2023
FY2022
FY2019
100%
93%
94%
91%
12%
FIGURE 1
Validated science-based net-zero by 20401
Near-term targets
• Reduce absolute scope 1 and 2 GHG emissions 70% by 2030
• Reduce scope 3 GHG emissions from business travel 55% per
FTE2 by 2030
• Engage with Del
Deloitte is committed to addressing the climate crisis by helping clients transition to a low-carbon economy and reducing its own environmental impact. By 2030, Deloitte aims to cut absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 70% and reduce Scope 3 business travel emissions by 55% per full-time employee. Additionally, the firm plans to have 67% of its suppliers set science-based targets by 2025. Long-term, Deloitte targets a 90% reduction in absolute Scope 1, 2, and 3 GHG emissions by 2040.
Reduce absolute scope 1 and 2 GHG emissions 70% by 2030
• Reduce scope 3 GHG emissions from business travel 55% per
FTE2 by 2030
• Engage with Deloitte’s suppliers to have 67% by emissions3 set
science-based targets by 2025
Long-term targets
• Reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2040
FIGURE 2
See endnotes
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
The accelerating effects of climate change,
along with the need to move swiftly to a
low-carbon economy, constitute one of the
greatest challenges facing society.
Communities and businesses around the
world are grappling with the physical risks
of extreme weather, the health impacts of
carbon pollution, and the economic
effects as industries transition to more
sustainable business models and
seek to comply with climate-related
regulation. These challenges require bold,
collaborative solutions.
Deloitte is helping to lead the way toward
a low-carbon future by guiding clients on
their sustainability journeys, as well as
advancing meaningful actions within our
own operations and business. Leading
significant and lasting change in the world
requires collective efforts. To that end,
we work with Deloitte clients, our people,
suppliers, and ecosystems to develop
solutions to a wide range of sustainability
and climate challenges.
Guiding clients on the path to
net-zero and beyond
Recognizing business leadership and
collective action are critical to addressing
the climate crisis, we have deepened our
collaborations with clients, technology
alliances, and non-profits.
Deloitte Sustainability is helping organizations worldwide transition from climate commitments to concrete action. By leveraging AI, data, and technology, Deloitte supports clients in navigating complex regulations and sustainability challenges. Key initiatives include using AI and geospatial data to mitigate wildfire risks, helping businesses implement circular economy models to meet zero-waste goals, and providing Australian farmers with a digital tool for climate resilience. Through these collaborations, Deloitte is driving innovation to help organizations achieve their net-zero targets.
on the path to
net-zero and beyond
Recognizing business leadership and
collective action are critical to addressing
the climate crisis, we have deepened our
collaborations with clients, technology
alliances, and non-profits.
From implementing technology solutions
to responding to changing regulations,
Deloitte Sustainability is uniquely
positioned to help organizations across
industries and around the world move
from commitment to action on their
climate and sustainability goals, even in the
face of competing priorities and complex
stakeholder pressures.
We use technology to help our clients
tackle some of the toughest climate-
related challenges they face and support
their strategic decision-making and
business decisions around sustainability
investment. For example, by combining AI,
data, and fire-fighting resources, Deloitte
practitioners are collaborating on solutions
to help mitigate wildfire risks around the
world. Deloitte teams are also working
with clients to model, pilot, and scale
the circular economy, as organizations
seek help to comply with regional zero-
waste regulations and reap the benefits
of circular business models. In another
notable example, Deloitte Asia Pacific
launched a digital tool to give Australian
farmers free personalized data to help
them stay resilient in the face of
climate change.
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Leading the transition to a more sustainable
future through technology and innovation
Deloitte is using the power of AI and
geospatial data to help organizations
make more sustainable decisions and
take action to mitigate the impacts of
climate change.
In early 2024, Deloitte launched its Geospatial and AI Platform for Scenario Planning and Monitoring to help organizations combat climate change. By combining Deloitte’s industry expertise with Google Cloud technologies—including Google Earth Engine and Vertex AI—the platform provides advanced data insights for disaster response, infrastructure, and urban planning. This tool allows leaders, such as those at the Broward Metropolitan Planning Organization, to collaborate using a single source of truth to improve climate resiliency, transportation, and economic development.
Leading the transition to a more sustainable
future through technology and innovation
Deloitte is using the power of AI and
geospatial data to help organizations
make more sustainable decisions and
take action to mitigate the impacts of
climate change. Launched in early 2024,
Deloitte’s Geospatial and AI Platform
for Scenario Planning and Monitoring is
powered by a flexible, scalable, modular
set of technologies and data, including
Google Earth integrations, Google Earth
Engine, and GenAI technology from
Vertex AI. This dynamic solution draws
on cutting-edge, advanced technologies
from Google Cloud, a key technology
relationship, as well as several niche
solution providers and academic
collaborators. This offering gives clients
new insights and digital capabilities
that transform how organizations
shape disaster response, infrastructure
development, and urban planning
processes.
By coupling Deloitte’s industry experience
and sustainability insights with Google’s
strengths in geospatial and GenAI platforms,
Deloitte teams are helping clients leverage
climate tech to proactively anticipate and
plan, create next-generation solutions, and
advance progress toward their sustainability
goals. For example, Broward Metropolitan
Planning Organization’s leaders are building
a scenario planning capability that could
bring together their planning and operations
partners to access a single source of truth
and help address priorities around climate,
resiliency, transportation planning, and
economic development. Deloitte US is
using this platform approach to enable
policymakers, planners, researchers, and
community leaders to collaborate and
transform their ability to deliver on their
mission and planning activities, informed
and prepared to help address the potential
climate impacts on their coastal community.
This new platform builds on past success
with other sustainability solutions that
help communities improve planning
operations.
Deloitte is helping coastal communities prepare for climate change by using a new platform that integrates with Google Earth. This tool creates AI-powered digital twins of urban areas, allowing teams to simulate how different planning decisions affect sustainability, carbon efficiency, and quality of life. This helps cities make data-driven choices to build a more resilient future. Additionally, Deloitte is advancing its 'WorldClimate' initiative, reporting significant progress toward its 2024 environmental goals: reducing Scope 1 and 2 greenhouse gas emissions by 81% compared to 2019, achieving a 53% reduction in Scope 3 business travel emissions per employee, and ensuring 30% of suppliers have science-based targets.
ability to deliver on their
mission and planning activities, informed
and prepared to help address the potential
climate impacts on their coastal community.
This new platform builds on past success
with other sustainability solutions that
help communities improve planning
operations. Notably, Deloitte is using
a new integration in Google Earth
to create AI-enabled digital twins of
urban communities and land parcels—
enabling Deloitte teams to quickly
generate scenarios that blend metrics
on sustainability, carbon efficiency, and
community quality of life. This provides
urban communities with the foundation
to continually assess and improve
planned developments against changing
environmental, contextual, and market
conditions, and make informed decisions
to help shape a more resilient future.
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Metrics and frameworks
Scope 1 and 2
GHG emission
reductions
Percent reduction of metric tonnes
CO2e vs. 2019 base year
70%
81%
2030 goal
2024 progress
Percentage of
suppliers with
science-based
targets
Percentage of suppliers by emissions covering
purchased goods and sercices and business travel
67%
30%
2025 goal
2024 progress
Scope 3 business
travel per FTE
GHG emission
reductions
2030 goal
2024 progress
55%
53%
Percent reduction of metric tonnes
CO2e vs. 2019 base year
Making progress on our
climate commitments
We continue to work across our global
network to advance WorldClimate,
Deloitte’s environmental sustainability
ambition, which includes both actions we
take and actions we inspire to promote
more sustainable choices.
Deloitte is advancing its 'WorldClimate' initiative by integrating sustainability into its global operations, procurement, and performance tracking. The firm has committed to reaching net-zero greenhouse gas (GHG) emissions across its value chain by 2040, a goal validated by the Science Based Targets initiative in September 2024. This includes a 90% reduction in scope 1, 2, and 3 emissions from 2019 levels. Near-term 2030 targets include a 70% reduction in scope 1 and 2 emissions and a 55% reduction in business travel emissions per employee. Deloitte also supports Climate Group initiatives: RE100 (renewable electricity), EV100 (electric vehicles), and EP100 (energy efficiency). In FY2024, 93% of Deloitte’s electricity was renewable, and its global fleet of electric and hybrid vehicles increased to 50%.
progress on our
climate commitments
We continue to work across our global
network to advance WorldClimate,
Deloitte’s environmental sustainability
ambition, which includes both actions we
take and actions we inspire to promote
more sustainable choices. We are
embedding sustainability into processes
and practices throughout the network
through procurement, including how we
work and what we buy, and measuring
performance against our goals.
Deloitte has committed to reducing
absolute scope 1, 2, and 3 greenhouse
gas (GHG) emissions by 90% by 2040
from a 2019 base year and reaching
net-zero GHG emissions across our
value chain by 2040. Deloitte’s net-zero
by 2040 goal has been validated by
the Science Based Targets initiative in
September 2024. Our near-term 2030
goals remain to reduce absolute scope
1 and scope 2 GHG emissions by 70%
and reduce scope 3 GHG emissions
from business travel by 55% per full-time
equivalent employee (FTE) from a 2019
base year.
Deloitte continues to make progress
on our commitments to the three core
initiatives of the Climate Group supporting
the advancement of renewable electricity
(RE100), electric vehicle adoption (EV100),
and energy efficiency/productivity (EP100).
In FY2024, 93% of the electricity Deloitte
purchased was renewable electricity.
Additionally, Deloitte US has recently
contracted to bring new renewable energy
to the grid, through a renewable power
purchase agreement. Looking across
our global network, Deloitte’s fleet has
advanced from 39% electric and hybrid-
electric vehicles in FY2023 to 50% in
FY2024.
Deloitte is making progress on its sustainability goals. The company increased its electric and hybrid vehicle fleet from 39% in FY2023 to 50% in FY2024 and remains committed to making all owned and leased real estate net-zero by 2030. While Deloitte is reducing direct emissions, its biggest challenge is indirect emissions from its supply chain. The company aimed for 67% of its suppliers (by emissions) to set science-based targets (SBTs) by 2025. Although the number of suppliers with SBTs grew from 8% in FY2021 to 30% in FY2024, Deloitte acknowledges it will miss the 2025 target. To address this, the firm is actively engaging suppliers, collaborating on emissions reductions, improving reporting standards, and integrating sustainability criteria into its procurement process to select environmentally aligned partners.
the grid, through a renewable power
purchase agreement. Looking across
our global network, Deloitte’s fleet has
advanced from 39% electric and hybrid-
electric vehicles in FY2023 to 50% in
FY2024. We have also advanced on our
ambition to have all leased and owned
assets within our real estate portfolio
operate at net-zero carbon by 2030.
While Deloitte is taking action across
our network to reduce our direct carbon
emissions, our largest source of carbon
emissions occurs indirectly through
our supply chain. We are working with
suppliers to make progress toward a goal
of having 67% of them, by emissions, set
science-based targets (SBTs) by 2025.
From FY2021 to FY2024, the number of
Deloitte’s suppliers with SBTs increased
from 8% to 30%. This translates to 30%
of our suppliers, by emissions, having set
SBTs. Based on this progress, we know
we will not meet our 2025 target, but we
have taken meaningful steps to begin
decarbonizing our supply chain: through
targeted supplier engagement efforts, we
continue to influence suppliers to set SBTs,
we collaborate with them on emissions
reduction, and we work together to
advance product-level emissions reporting.
Deloitte’s supply chain has thousands
of suppliers with a range of readiness in
their ability to set SBTs. Year-over-year
changes in emissions factors also affect
the measurement and tracking of this goal,
and we continually enhance our carbon
emissions reporting methods in-line with
external standards. In addition, we have
incorporated sustainability criteria into
our procurement processes to support
the selection of suppliers that are aligned
to our sustainability goals.
Deloitte is committed to reaching net-zero emissions by improving how we report carbon data and integrating sustainability into our procurement. We require suppliers to follow our Supplier Code of Conduct and work with us to meet our environmental goals. To support a lower-carbon economy, Deloitte is a member of the First Movers Coalition and focuses on decarbonizing business travel. We are actively investing in Sustainable Aviation Fuel (SAF) to reduce our aviation footprint. Key initiatives include Deloitte US signing multi-year SAF purchase agreements and participating in the Sustainable Aviation Buyers Alliance, while Deloitte Belgium and Deloitte Australia purchased Sustainable Aviation Fuel Certificates (SAFc) in FY2024.
and we continually enhance our carbon
emissions reporting methods in-line with
external standards. In addition, we have
incorporated sustainability criteria into
our procurement processes to support
the selection of suppliers that are aligned
to our sustainability goals. We continue to
work actively with our suppliers to advance
progress toward our long-term goals, and
include expectations of suppliers as it
relates to topics such as sustainability in
our Supplier Code of Conduct.
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Collaborating across our
ecosystem
We are engaging the broader ecosystem
to help create solutions that can
facilitate the transition to a lower-
carbon economy. As part of Deloitte’s
commitment to the First Movers
Coalition, we participate in aviation sector
working groups to drive innovation in
practices that support increased use
of cutting-edge sustainable aviation
fuel (SAF). Given our network’s use of
air travel in serving Deloitte clients and
our commitment to achieving our long-
term net-zero goals, Deloitte prioritizes
collaborations to help expand the market
infrastructure to decarbonize travel and
support low-emission transportation
solutions. For instance, Deloitte US has
entered into agreements with several fuel
producers and US airlines to purchase
SAF which will cover a portion of its
business travel. Several other Deloitte
firms have made progress in scaling
investment in SAF globally. For example,
purchases of Sustainable Aviation Fuel
Certificates (SAFc) were made by Deloitte
Belgium and Deloitte Australia in FY2024.
In addition, Deloitte US participated in
the Sustainable Aviation Buyers Alliance’s
multi-year RFP process for SAF, executing
our first multi-year SAF transaction.
In FY2024, Deloitte Belgium and Deloitte Australia advanced sustainable aviation fuel (SAF) initiatives. Deloitte US completed its first multi-year SAF transaction through the Sustainable Aviation Buyers Alliance. To improve SAF reporting, Deloitte Global helped create a chain-of-custody framework via the Book and Claim Community. Additionally, Deloitte Asia Pacific published 'Aviation’s Ticket to Decarbonisation,' which outlines how businesses can increase SAF adoption. Globally, Deloitte collaborates with the Alliance of CEO Climate Leaders to promote net-zero goals and serves as a technical advisor for the First Suppliers Hub, a platform helping companies decarbonize supply chains and adopt emerging technologies. Finally, in June 2023, the International Sustainability Standards Board (ISSB) released its first two standards for sustainability and climate-related disclosures.
oitte
Belgium and Deloitte Australia in FY2024.
In addition, Deloitte US participated in
the Sustainable Aviation Buyers Alliance’s
multi-year RFP process for SAF, executing
our first multi-year SAF transaction. As
processes for reporting and accounting
of SAF purchases continue to evolve,
Deloitte Global has also helped to
develop a chain of custody framework
for transport decarbonization through
membership in the governing board of
the Book and Claim Community.
In addition to Deloitte’s own efforts,
we are also exploring how business
can help advance SAF. For example,
Aviation’s Ticket to Decarbonisation, a
report by Deloitte Asia Pacific, highlights
the potential of SAF to help drive
decarbonization by changing the way
airlines and industry interact across the
value chain and outlines what businesses
can do to help increase SAF uptake.
As part of the Alliance of CEO Climate
Leaders, Deloitte Global works
alongside other members from diverse
sectors to help accelerate net-zero
transition activities by setting SBTs,
disclosing emissions, and advancing
decarbonization efforts across global
value chains. Deloitte also serves
as a technical advisor for the First
Suppliers Hub, a global repository
that helps companies decarbonize
their supply chains. This first-of-its
kind platform facilitates procurement
and collaborations across emissions-
intensive sectors and advances the
market for critical, emerging technologies
needed to help achieve aggressive climate
goals within the next decade and meet
decarbonization targets by 2050.
In June 2023, the International
Sustainability Standards Board (ISSB)
published its first two standards
addressing general requirements for
disclosure of sustainability information
and climate-related matters.
In June 2023, the International Sustainability Standards Board (ISSB) introduced two new standards for sustainability and climate-related reporting. Deloitte joined nearly 400 organizations in supporting these standards as a global baseline, a commitment reaffirmed at COP28. Additionally, Deloitte partners with the Sustainable Markets Initiative (SMI) to help the private sector reach global climate, biodiversity, and sustainability goals. Beyond reducing its own carbon footprint, Deloitte is actively investing in and providing pro bono support to external clean-tech and nature-based projects to help accelerate societal decarbonization.
carbonization targets by 2050.
In June 2023, the International
Sustainability Standards Board (ISSB)
published its first two standards
addressing general requirements for
disclosure of sustainability information
and climate-related matters. Deloitte
joined nearly 400 organizations from 64
jurisdictions in signing a statement of
support for the ISSB Standards to be used
to form the global baseline for reporting
on climate, released by the ISSB during
COP28.
Deloitte is also a contributor to the
Sustainable Markets Initiative (SMI) and
collaborates with SMI on its mission to
build a coordinated global effort within
the private sector to help accelerate the
achievement of global climate, biodiversity,
and Sustainable Development Goal targets.
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Advancing societal net-zero by
helping to reduce emissions
beyond our value chain
In addition to reducing Deloitte’s own
emissions, Deloitte firms are investing
in solutions that can deliver carbon
emission reductions and help drive the
scale-up of early-stage clean-tech and
nature-based solutions to help accelerate
societal decarbonization.
Over the past two years, we have
developed a more proactive, forward-
looking approach where we look
beyond taking responsibility for our
own emissions to focusing on actively
contributing to reducing and removing
emissions beyond our value chain. This
means channeling investments (through
a combination of direct funding and
carbon credits) and providing pro bono
support to a diverse portfolio of high-
impact external climate projects and
solutions.
Deloitte is expanding its environmental efforts beyond its own operations by investing in and providing pro bono support to external climate projects. Key initiatives include: 1) Deloitte NSE and Deloitte Africa are partnering with The Sanergy Collaborative in Kenya to scale a circular waste-to-fertilizer solution, improve sanitation, and support regenerative farming. 2) Deloitte DCE is working with WeForest to restore forest landscapes and protect biodiversity, including a project in Senegal to prevent desertification as part of the Great Green Wall. Beyond climate action, Deloitte is now prioritizing nature and biodiversity, actively working to understand and mitigate the risks and impacts associated with the loss of land, water, and ecosystems.
emissions beyond our value chain. This
means channeling investments (through
a combination of direct funding and
carbon credits) and providing pro bono
support to a diverse portfolio of high-
impact external climate projects and
solutions.
For example, combining our knowledge
and funding, Deloitte NSE and Deloitte
Africa have joined forces to help social
enterprise The Sanergy Collaborative to
scale its circular organic waste solution,
which turns human and other organic
waste into sustainable fertilizer. The
Deloitte NSE and Deloitte Africa teams
are also working with The Sanergy
Collaborative to help increase sanitation
in Kenya and engage more small-scale
farmers to use regenerative inputs by
innovating their commercial model.
Deloitte DCE2 is supporting WeForest’s
mission to conserve and restore forest
landscapes with local communities
to maximize the impact of trees for
people, nature, and climate. Deloitte
DCE is helping WeForest to strengthen
the resilience of pastoral communities
to climate change and prevent lands
from becoming desert by restoring a
biosphere reserve in Senegal within the
Great Green Wall.
Expanding our focus to nature
and biodiversity
We recognize that climate change is
not the only environmental crisis we
face. Nature—including land, fresh
water, oceans, and the atmosphere—
provides the essentials for individuals,
societies, and economies to thrive.
While our environmental sustainability
commitments have focused on climate
action for the past decade, over the past
year Deloitte has taken steps to better
understand nature-related risks, impacts,
and dependencies, and begun to address
the broader threats facing nature and
biodiversity.
Over the past year, Deloitte has expanded its climate action efforts to include nature and biodiversity. Recognizing its responsibility to protect natural resources, the firm is working to address both direct and indirect environmental impacts across its operations and supply chain. A key focus is water stress; citing World Resources Institute data that over 50% of the global population faces water scarcity annually, Deloitte is now measuring water usage in its offices located in high-risk areas. Additionally, Deloitte Global supports the Upper-Tana Nairobi Water Fund in Kenya, which helps local farmers adopt sustainable land management practices to improve water security and biodiversity.
climate
action for the past decade, over the past
year Deloitte has taken steps to better
understand nature-related risks, impacts,
and dependencies, and begun to address
the broader threats facing nature and
biodiversity. Deloitte’s Commitment
to responsible business practices
reflects our belief that business shares a
responsibility to address climate change
and preserve the planet and natural
resources for future generations.
Although Deloitte’s impacts on nature
are largely indirect, we are committed
to supporting nature-positive solutions
and addressing impacts throughout
our operations and supply chain. Water
stress is a growing problem, with 50%
or more of the world living under highly
water-stressed conditions for at least
one month each year, according to the
World Resources Institute. Given that a
number of Deloitte offices are located in
such areas, we have started to measure
our facilities’ water use annually in water-
stressed areas, as a way to focus on
improving water management.
We are also investing in projects that
support communities facing water
stress. For example, Deloitte Global
supports the Upper-Tana Nairobi Water
Fund, which aims to provide water
security to the communities surrounding
Kenya’s most important watershed. The
Fund does this by empowering farmers
and educating them about sustainable
land management and agricultural
practices that enhance water quality
and maintain biodiversity.
Find out more
Climate considerations in
financial statement audits
Responsible climate choices
Metrics and frameworks
Environmental performance data
limited assurance report FY2024
CDP response
24
Social
Global Impact Report
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Environmental
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ESG highlights
Metrics and frameworks
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Social by the
In its 2024 Global Impact Report, Deloitte highlights its commitment to addressing societal challenges, such as education, health equity, and workplace inclusion. Through its 'WorldClass' initiative, the firm aims to provide education and job skills to 100 million people by 2030. As of fiscal year 2024, Deloitte has reached 81 million individuals, including 24 million this year alone. The firm invested $189 million in WorldClass and contributed nearly 958,000 hours of volunteer and pro bono work toward this goal. In total, Deloitte made $416 million in societal investments and provided 2 million hours of volunteer and pro bono service. By collaborating with clients, public and private organizations, and other partners, Deloitte is working to build a more equitable future.
Social
Governance
ESG highlights
Metrics and frameworks
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Social by the numbers
WorldClass commitment
FIGURE 1
FIGURE 2
See endnotes
Through WorldClass, we seek to expand opportunities for 100 million
individuals by 2030 by providing access to education and job skills.
81M
Individuals reached toward our 100M goal
24M
Individuals reached in FY2024
$189M
WorldClass investments
957,900
Hours of volunteer and pro bono time
dedicated to WorldClass
Societal investments
$416M
Total societal investments
2M
Hours of volunteer and pro bono time
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In the face of pressing societal challenges—
from education and health equity to equity and
inclusion at work—Deloitte is working to advance
progress across our global society.
Through the services Deloitte
practitioners provide, our investments,
and our portfolio of initiatives focused
on creating educational and skills-
building opportunities, we are helping to
create a more equitable future.
Recognizing that we can accomplish
more by working together, Deloitte
actively engages with public and private
organizations, Deloitte clients and
alliance relationships, and others in our
ecosystem to help create solutions to
complex societal challenges.
Deloitte collaborates with public and private partners to address complex societal challenges. As part of a 10-year, US$3 billion global commitment (FY2023–FY2032), the firm invests resources to solve systemic community problems. Through its 'WorldClass' initiative, Deloitte aims to impact 100 million futures by 2030 by providing education and digital skills training. Since 2017, the firm has supported 81 million people, including 24 million in FY2024 alone, through funding and employee volunteering. A notable example is the Deloitte China Children Care Program, which uses volunteers to mentor rural students and reduce the urban-rural opportunity gap.
we can accomplish
more by working together, Deloitte
actively engages with public and private
organizations, Deloitte clients and
alliance relationships, and others in our
ecosystem to help create solutions to
complex societal challenges.
Over the past year, we have continued
to contribute our know-how and
resources as part of Deloitte’s worldwide
commitment to invest more than US$3
billion over 10 years (FY2023-FY2032) in
societal impact initiatives to help address
systemic problems in communities
around the world.
Impacting 100 million futures
In this quickly changing and increasingly
digital world, people need new skills in
order to meet the challenges of today and
tomorrow. Education and enhanced job
skills are critical for enabling opportunity
and progress—and helping more people
succeed. Since 2017, Deloitte has focused
our network’s collective resources on
investing in education, digital skills
development, and training opportunities.
Our WorldClass ambition is to positively
impact 100 million futures by 2030
through programs and collaborations with
leading educational organizations. With
Deloitte donating funds, and our people
volunteering their time and abilities, our
efforts have provided support to millions of
students, teachers, and education leaders
worldwide. We have impacted 81 million
individuals since 2017, including 24 million
during FY2024.
For example, through the Deloitte China
Children Care Program, Deloitte China
volunteers provide mentoring and
support to primary school students in
rural communities, helping to bridge the
opportunity gap between urban and rural
areas.
Deloitte is driving global social impact through several key initiatives. In China, the 'Children Care Program' uses video calls to provide rural students with mentorship and social-emotional support. In the UK and Middle East, Deloitte NSE partnered with the Institute of Environmental Management and Assessment (IEMA) to launch a green skills training course, which has already trained nearly 400 participants. Additionally, in Indonesia, Deloitte Asia Pacific is working with Barry Callebaut to provide skill-building education for women in remote areas. By leveraging its global network, technology, and business expertise, Deloitte continues to collaborate with governments, nonprofits, and clients to address critical societal challenges.
example, through the Deloitte China
Children Care Program, Deloitte China
volunteers provide mentoring and
support to primary school students in
rural communities, helping to bridge the
opportunity gap between urban and rural
areas. Taking advantage of improved
internet infrastructure in many rural
communities, Deloitte China volunteers
help to nurture students’ social and
emotional skills, provide educational
advice, and empower each child they
work with through regular video calls.
In collaboration with the Institute
of Environmental Management and
Assessment (IEMA), Deloitte NSE developed
a green skills training course to support
a fair transition to a green economy. In
2024, Deloitte NSE and IEMA piloted the
program in the Middle East and the UK. To
date, nearly 400 people have completed
the course, including students, university
professors, and under-represented
groups in society.
2024 GLOBAL IMPACT REPORT
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Environmental
Social
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ESG highlights
Metrics and frameworks
Working together to tackle
collective challenges
Over the past year, we have collaborated
with Deloitte clients, governments,
innovators, and nonprofits around the
world to help drive impact on some of
the challenges facing society. Working
together, we can draw on Deloitte’s
business acumen, technology, resources,
and global network to deepen the
societal impact of nonprofits and
community organizations.
In Indonesia, Deloitte Asia Pacific and
Barry Callebaut, a leading manufacturer
of high-quality cocoa and chocolate
products, have collaborated to create
a program that provides skill-building
education for women in remote regions
across Indonesia.
Deloitte is driving global impact through three key initiatives: 1) Deloitte Asia Pacific and Barry Callebaut are training women in remote Indonesia in financial literacy and marketing to help them build sustainable businesses. 2) As a founding member of the Princess of Wales’s Business Taskforce for Early Childhood, Deloitte NSE helped publish a report showing that investing in early childhood development could add $58.6 billion annually to the UK economy. 3) Deloitte US partnered with the World Economic Forum, Salesforce, Citi, and others to launch the 'Yes San Francisco' (Yes SF) Urban Sustainability Challenge, which uses the UpLink platform to find innovative solutions for San Francisco’s post-pandemic economic recovery.
Deloitte Asia Pacific and
Barry Callebaut, a leading manufacturer
of high-quality cocoa and chocolate
products, have collaborated to create
a program that provides skill-building
education for women in remote regions
across Indonesia. The initiative supports
women as they work to develop their
entrepreneurial talents by improving
financial literacy, implementing marketing
strategies, and generating sustainable
income that contributes to their families
and strengthens their communities for
the better.
Established by the Princess of Wales, the
Business Taskforce for Early Childhood
aims to transform how society, and
business, prioritizes and supports
children during their early years. A
founding member of the taskforce,
Deloitte NSE joined with other
taskforce members to publish
The Royal Foundation Early Years report,
which makes the case for how investing
in early childhood can deliver up to
approximately US$58.6 billion (£45.5
billion) in value for the UK economy each
year and sets out the role businesses can
play in unlocking these benefits.
Collaborating across our ecosystem to advance
sustainable development
Deloitte is committed to driving long-
term, systemic change and creating more
equitable access to opportunity. As part of
that commitment, Deloitte US, the World
Economic Forum (WEF), Salesforce, Citi,
the San Francisco Chamber of Commerce,
and more than 20 other organizations
came together to launch the Yes San
Francisco (Yes SF) Urban Sustainability
Challenge. Yes SF is the first location-
based challenge launched through UpLink,
a WEF digital platform to foster innovation
and crowdsource solutions to global
challenges, to address the intractable
problems San Francisco has faced
following the COVID-19 pandemic.
Yes SF is a location-based challenge launched on UpLink, a World Economic Forum platform, to help San Francisco recover from the COVID-19 pandemic. The initiative invited global entrepreneurs to submit sustainable solutions for the city's downtown area. In October 2023, 14 'Top Innovators' were selected for projects involving green energy, waste management, urban farming, and sustainable construction. These innovators receive resources to scale their work, create jobs, and reduce CO2 emissions. Deloitte US, a founding collaborator, helped build the Yes SF ecosystem by connecting with local leaders and donating $1 million to support the innovators. Following this success, Deloitte US plans to support a second Yes SF challenge and expand this sustainable development model to three to five additional 'Pioneer Cities' worldwide.
first location-
based challenge launched through UpLink,
a WEF digital platform to foster innovation
and crowdsource solutions to global
challenges, to address the intractable
problems San Francisco has faced
following the COVID-19 pandemic.
A unique call to action, Yes SF invited
entrepreneurs and innovators from
around the world to submit sustainable
solutions that could contribute to the city’s
needs through scalable improvements
in its downtown area and to have the
opportunity to receive funding and
support. In October 2023, UpLink selected
and announced 14 Top Innovators
chosen for their potential to bring new
life and increased value to buildings,
infrastructure, and outdoor areas by
means of sustainable construction,
green energy, water conservation, waste
management, vertical farming, urban
forest management, and more. Each
of the Top Innovators have access to a
suite of resources to help them scale and
deploy their solutions in San Francisco
with the goal of supporting innovative
climate solutions through job creation and
reduction of CO2 and other climate-related
impacts.
As a founding collaborator, Deloitte US
played a key role in advancing the Yes SF
ecosystem by leveraging its experience to
engage with nonprofits, organizations, and
community leaders to help drive impact
in San Francisco. Deloitte US also donated
an additional US$1 million to select
Top Innovators to help them build and
scale their solutions to help sustainably
revitalize San Francisco. Based on the
success of this effort, Deloitte US aims
to assist other cities in revitalizing their
communities, helping to build ecosystems
that can stimulate local entrepreneurship.
Deloitte US is now looking forward to
supporting a second Yes SF Challenge and
leveraging this model to scale sustainable
development in three to five additional
Pioneer Cities around the world.
Deloitte US plans to support a second 'Yes SF Challenge' and aims to expand this sustainable development model to three to five additional 'Pioneer Cities' globally. Additionally, the Deloitte Health Equity Institutes (DHEIs) are working with business, government, and community leaders to improve health equity through regional initiatives: the S-LATAM DHEI is improving cancer diagnosis and treatment in Peru and Mexico; the India DHEI is reducing air pollution from crop burning through education and technology; the US DHEI is partnering with the Joslin Asian American Diabetes Initiative to address diabetes disparities; and the European DHEI released a report on the economic and social impacts of children's mental health in collaboration with Mind & Place2Be.
ecosystems
that can stimulate local entrepreneurship.
Deloitte US is now looking forward to
supporting a second Yes SF Challenge and
leveraging this model to scale sustainable
development in three to five additional
Pioneer Cities around the world.
2024 GLOBAL IMPACT REPORT
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Environmental
Social
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ESG highlights
Metrics and frameworks
Advancing health equity
around the world
Our focus on collaborating with like-
minded organizations for greater societal
impact also includes the work of the
Deloitte Health Equity Institutes (DHEIs),
which bring business, government,
and community leaders together to
help advance health equity. Each of
the DHEIs drives an array of cross-
sector collaborations, philanthropic
investments, and research activities
focused on the unique health challenges
in their respective regions.
For instance, in Spanish Latin America
(S-LATAM), the S-LATAM DHEI is engaged
in collaborative efforts to help improve
access to timely diagnosis and treatment
of breast and cervical cancer in Peru and
Mexico. During the past year, the India
DHEI continued to expand its initiative
to reduce air pollution (and its impacts
on health) caused by farmers burning
crop stubble, using a combination
of education, equipment supply
enhancements, and a digital solution to
connect farmers with end users of crop
residue. The US DHEI is collaborating
with the Joslin Asian American Diabetes
Initiative to help reduce diabetes
disparities for at-risk Asian American
populations through community
outreach initiatives. And the
European DHEI published a
landmark report, in collaboration
with Mind & Place2Be, on the cost of
mental health as well as the impact that
children’s mental health has on parents
and productivity.
The European DHEI, in partnership with Mind & Place2Be, released a report on the economic impact of mental health, specifically regarding children and parental productivity. Deloitte also supports the Global Health Equity Network (GHEN), hosting two sessions at the 2024 World Economic Forum to promote health equity. Over 100 major organizations, including Deloitte, have signed the GHEN’s Zero Health Gaps Pledge to address global health disparities. Additionally, Deloitte continues its 'partnership with purpose' with the International Olympic Committee (IOC) and the International Paralympic Committee. Deloitte provides consulting expertise to support the IOC’s Agenda 2020+5, covering areas like digital transformation, AI, sustainability, and athlete well-being. Together, they launched 'The First Effect,' a campaign designed to measure the positive, transformative impact of historic achievements at the Olympic and Paralympic Games.
. And the
European DHEI published a
landmark report, in collaboration
with Mind & Place2Be, on the cost of
mental health as well as the impact that
children’s mental health has on parents
and productivity.
In addition, Deloitte supports the
Global Health Equity Network (GHEN).
At the 2024 World Economic Forum
Annual Meeting in Davos, Deloitte
convened two high-impact sessions
to ignite action on health equity.
Alongside these efforts, more than
100 organizations, including Deloitte
Global and many of the world’s largest
employers, have signed the GHEN’s
Zero Health Gaps Pledge, demonstrating
a collective drive to close health equity
gaps and foster global change.
Measuring the transformative
impact of Olympic and
Paralympic Games firsts
During the past year, we also furthered
Deloitte’s “partnership with purpose” with
the International Olympic Committee
(IOC) and the International Paralympic
Committee, which applies Deloitte’s deep
management and business consulting
acumen to help the IOC realize the
possibilities of its Olympic Agenda 2020+5
and help drive initiatives as broad as digital
transformation, eGames strategy, and the
IOC AI Agenda. It also includes projects
related to sustainability and athlete career
transition and well-being. In addition,
Deloitte and the IOC launched The First
Effect, a co-branded campaign that sets out
to create a new metric for success beyond
the podium, measuring the transformative
impact of firsts that happen at the Olympic
and Paralympic Games.
The IOC launched 'The First Effect,' a campaign measuring the transformative impact of historic Olympic and Paralympic milestones. Featured athletes include Sarah Attar, the first female Saudi Arabian Olympic athlete, and Natalie Du Toit, the first amputee swimmer to qualify for the Olympics. Additionally, the IOC and Deloitte have expanded their partnership through 2032. Deloitte will serve as the Games Technology Integration Partner for the Milano Cortina 2026 and Brisbane 2032 Games, helping to modernize and secure the IOC's technology infrastructure. Deloitte continues to emphasize its long-standing commitment to building trust and transparency in business, a core value since its founding in 1845.
the IOC launched The First
Effect, a co-branded campaign that sets out
to create a new metric for success beyond
the podium, measuring the transformative
impact of firsts that happen at the Olympic
and Paralympic Games. The campaign
features the stories of trailblazing athletes
from around the world—including Sarah
Attar, the first female to represent Saudi
Arabia in athletics at the Olympic Games,
and South African swimmer Natalie Du Toit,
the first amputee swimmer to qualify for
the Olympic Games.
Following the Olympic and Paralympic
Games Paris 2024, the IOC and Deloitte
announced an expansion of their
Worldwide Olympic Partnership. For the
Olympic Winter Games Milano Cortina
2026 through to the Olympic Games
Brisbane 2032, Deloitte will take on the role
of Games Technology Integration Partner
for the Olympic Games, the Paralympic
Games, and the Youth Olympic Games.
Deloitte will help advance the IOC’s vision
of establishing a new integrated technology
infrastructure and Games platform to
enhance and secure the Olympic and
Paralympic Games’ technology operations
for the future.
Find out more
Metrics and frameworks
29
Governance
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
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Global Impact Report
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Our people
Environmental
Social
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ESG highlights
Metrics and frameworks
Trust is at the heart of everything we do. Our
commitment to ensuring stakeholders’ confidence
dates back to 1845, when Deloitte was founded
to help build trust in the private sector by creating
a transparent way to understand companies’
financial performance.
Since its founding in 1845, Deloitte has been dedicated to building trust in the private sector through financial transparency. As a global leader in professional services, we prioritize trust by centering our daily work on our core purpose and shared values. We maintain high ethical standards and serve the public interest through strong governance, responsible business practices, and our Global Principles of Business Conduct, which treat integrity as non-negotiable. Our stakeholders expect us to operate sustainably, behave ethically, and manage risks effectively. Clients rely on Deloitte for innovative solutions, high-quality audits, and the secure handling of sensitive information as we help them navigate complex business challenges.
everything we do. Our
commitment to ensuring stakeholders’ confidence
dates back to 1845, when Deloitte was founded
to help build trust in the private sector by creating
a transparent way to understand companies’
financial performance.
As the largest professional services
network serving organizations in nearly
every industry and region around the
world, Deloitte understands that trust is
critical to clients’ businesses—as well as to
ours. We strengthen Deloitte clients’ and
society’s trust in us by keeping our Purpose
and Shared Values at the center of the
work we do each day. We embed effective
governance—encompassing oversight,
challenge, and support—throughout our
organization.
Strong, consistent governance helps
enable us to uphold ethical standards,
serve the public interest, build trust, and
deliver on that trust. As a purpose-driven
organization, Deloitte is guided by our
commitment to responsible business
practices which includes being thoughtful
about the decisions we make about
who we work with and the nature of the
work we do. In addition, Deloitte’s Global
Principles of Business Conduct outline the
commitments that each of us make based
on our core belief that, at Deloitte, ethics
and integrity are fundamental and not
negotiable.
Bringing our stakeholders’
expectations to life
Deloitte stakeholders expect us to
operate a responsible and sustainable
business, behave ethically, and manage
and mitigate risks.
Clients turn to Deloitte for sophisticated
business strategies, breakthrough
solutions, and innovative services. They
trust us to address complex challenges,
conduct high-quality audits, maintain
independence, and safeguard their
sensitive information.
In the 2024 Global Impact Report, Deloitte outlines its commitment to creating long-term value for clients, employees, and society. For clients, the firm provides strategic solutions, high-quality audits, and data security. For its people, Deloitte fosters an inclusive, healthy, and engaging work environment. For society, the firm promotes ethics, sustainability, and skill development. To ensure accountability, Deloitte tracks its progress through ESG metrics and strengthens its governance to oversee these strategic priorities, ensuring that its core purpose remains central to all operations.
.
Clients turn to Deloitte for sophisticated
business strategies, breakthrough
solutions, and innovative services. They
trust us to address complex challenges,
conduct high-quality audits, maintain
independence, and safeguard their
sensitive information.
Our people count on us to foster an
inclusive and equitable workplace, support
their health and well-being, and provide
meaningful, engaging career opportunities
that can enable them to make an impact
through their work.
Society expects us to act in the
public interest. This includes how we
help promote ethics and integrity,
help eradicate corruption, advance
sustainability, and provide skill-building
opportunities to those within and
outside of Deloitte.
We measure and report on our progress
to help Deloitte clients, our people, and
society to evaluate our impact. Our
reporting also shows how putting our
Purpose at the center of everything we do
is inextricably linked with Deloitte’s ability
to deliver sustainable, long-term value,
year after year.
2024 GLOBAL IMPACT REPORT
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ESG highlights
Metrics and frameworks
Enhancing effective oversight as we advance our Purpose
Across the Deloitte network, we are
working to embed our Purpose in
everything we do. As we advance
efforts to bring this ambition to life,
it is important to our stakeholders—
including Deloitte clients, our people,
regulators, and society—that we also
continue to evolve our governance
to provide appropriate oversight
and rigor around Deloitte’s strategic
priorities in this area and our progress
toward achieving them.
To strengthen oversight of its strategic priorities, the Deloitte Global Board established the Purpose, Sustainability & Culture Committee (PSCC) in FY2024. This committee supports and challenges the Deloitte Global Executive to ensure the firm operates in a sustainable and purpose-driven manner. The PSCC oversees key areas including shared values, sustainability, talent, diversity, equity, inclusion, and ethical culture. In its first year, the PSCC notably recommended that the Deloitte network commit to achieving net-zero emissions by 2040 and focused on initiatives like women’s equity. Moving forward, the committee will continue to guide Deloitte’s progress on these core strategic goals.
te clients, our people,
regulators, and society—that we also
continue to evolve our governance
to provide appropriate oversight
and rigor around Deloitte’s strategic
priorities in this area and our progress
toward achieving them. The Deloitte
Global Board established its Purpose,
Sustainability & Culture Committee
(PSCC) in FY2024 to provide dedicated
support to these areas as key strategic
topics that underpin so many other
aspects of our strategy. The PSCC is
the newest of several committees that
support the Deloitte Global Board’s
oversight and governance role.
With authority from the Deloitte
Global Board, the PSCC challenges and
supports the Deloitte Global Executive
in achieving Deloitte’s Purpose in a
differentiated and sustainable way.
The responsibilities of the PSCC include
overseeing matters pertaining to purpose
and shared values; sustainability; talent;
diversity, equity, and inclusion; and the
cultural aspects of ethics.
In its first year, the PSCC supported
Deloitte’s commitment to sustainability
and societal impact by reviewing and
recommending that the Deloitte network
set a long-term goal of achieving net-zero
by 2040. The committee also focused
on matters such as women’s equity and
our ethical culture. Looking ahead, the
PSCC will continue to offer challenge and
support as Deloitte makes meaningful
and measurable progress toward our
purpose, sustainability, and culture-
related priorities.
The PSCC remains committed to supporting Deloitte’s progress in areas like women’s equity, ethics, and sustainability. Key FY2024 ESG highlights include: Environmental: Deloitte has verified net-zero targets for 2040, achieved an 81% reduction in scope 1 and 2 emissions, and reduced scope 3 business travel emissions by 53%. Additionally, 93% of electricity is renewable, 50% of the fleet is electric or hybrid, and the firm purchased 7,803 tonnes of Sustainable Aviation Fuel certificates. Social: The firm invested $416 million in societal initiatives. Governance: Deloitte maintains a strong focus on anti-corruption, cybersecurity, human rights, and transparent leadership. Further details on these topics, including metrics and frameworks, are available in the 2024 Global Impact Report.
such as women’s equity and
our ethical culture. Looking ahead, the
PSCC will continue to offer challenge and
support as Deloitte makes meaningful
and measurable progress toward our
purpose, sustainability, and culture-
related priorities.
Find out more
Anti-corruption commitment
Confidentiality, privacy, and
cybersecurity
Deloitte organizational structure
Ethics
Global security
Governance and management of
sustainability impacts
Human rights
Independence
Leadership and governance
Public policy
Risk and opportunity management
Stakeholder engagement and
materiality
Metrics and frameworks
32
ESG highlights
Global Impact Report
Business
Our people
Environmental
Social
Governance
ESG highlights
Metrics and frameworks
2024 GLOBAL IMPACT REPORT
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Global Impact Report
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Environmental
Social
Governance
ESG highlights
Metrics and frameworks
FY2024 ESG highlights
Governance
Economic contribution
Social
Societal investments
Environmental
Science-based net-zero targets:
The SBTi has verified Deloitte’s net-zero
science-based target by 2040
Progress toward near-term
science-based targets
81% reduction of scope 1 and 2
emissions (goal of 70% by 2030)1
53%
reduction of scope 3 business
travel emissions per FTE (goal of
55% by 2030)1
30%
of suppliers have science-based
targets (goal of 67% by 2025)2
Progress toward other
environmental sustainability goals
93%
renewable electricity purchased
(goal of 100% by 2030)
50%
of fleet converted to electric and
hybrid electric vehicles
(goal of 100% by 2030)
7,803
tonnes of Sustainable Aviation
Fuel certificates (SAFc) purchased
$416M
societal
Deloitte's 2024 performance highlights include: Sustainability: 50% of the fleet is now electric or hybrid, with a 100% goal by 2030. The firm purchased 7,803 tonnes of Sustainable Aviation Fuel certificates and received a 'Positive' rating in the 2024 Gartner Sustainability Assessment, including a 'Strong' rating for Greenhouse Gas Emissions. Social Impact: Deloitte invested $416 million in society and reached 24 million people through the WorldClass program, bringing the total reach to 81 million since 2018 toward a 100 million goal. Learning: The firm invested over $647 million in training, delivering 21 million formal hours, averaging 46 hours per person across six global Deloitte University facilities. Diversity and Workforce: Deloitte employs 460,300 people, with 46% women and 27% women in leadership (partners, principals, and managing directors). The firm processed 7.23 million applications and hired 92,910 new employees. Governance and Financials: Global revenue reached $67.2 billion, a 3.6% increase from FY2023, with 3.3% of revenue reinvested into innovation. The Global Board of Directors consists of 17 members from 11 countries (41% women), and the Global Executive Committee has 20 members from 8 countries (35% women).
)
50%
of fleet converted to electric and
hybrid electric vehicles
(goal of 100% by 2030)
7,803
tonnes of Sustainable Aviation
Fuel certificates (SAFc) purchased
$416M
societal
investment
24M
individuals
reached
through
WorldClass
81M
individuals
reached toward
our 100M
WorldClass goal
from FY2018 to
FY2024
Learning
46 average annual training
hours per individual3
$647M+ annual direct training
investment3
21M formal training hours
delivered for our people
6 Deloitte University facilities
around the world
Diversity and inclusion
460,300
Deloitte people
46%
women4
54%
men4
27%
women partners,
principals,
and managing
directors5
92,910
new hires
7.23M
applications
received
$67.2B
aggregate
global revenue
3.6%
aggregate revenue
growth from FY2023
Innovation investments
3.3%
of aggregate Deloitte
firm revenue6
Deloitte Global
Board of Directors7
17
members
representing
11 countries
41%
women
Deloitte Global
Executive Committee7
20
members
representing
8 countries
35%
women
Deloitte received a Positive
rating in the 2024 Gartner®
Sustainability Assessment:
Deloitte report. This rating is
based on three categories:
Environmental, Social and Governance
which are further broken down in to 17
criteria. Deloitte also received a Strong
rating, the highest possible rating, for
Greenhouse Gas Emissions, Community
Engagement and Talent Management.
In their August 2024 Sustainability Assessment, Gartner evaluated Deloitte’s Environmental, Social, and Governance (ESG) performance across 17 criteria. Deloitte earned a 'Strong' rating—the highest possible—for Greenhouse Gas Emissions, Community Engagement, and Talent Management. Gartner’s assessment focused on two areas: Deloitte’s stated intent to achieve sustainability goals and the evidence that these plans are being actively executed.
Environmental, Social and Governance
which are further broken down in to 17
criteria. Deloitte also received a Strong
rating, the highest possible rating, for
Greenhouse Gas Emissions, Community
Engagement and Talent Management.
According to Gartner, “This assessment
measures two key facets of Deloitte’s
sustainability commitments — intent
and execution:
1. Intent to achieve specific sustainability
outcomes, as documented in publicly
available materials provided by Deloitte
2. Evidence that Deloitte’s plans to achieve
those sustainability outcomes are being
executed”
Gartner, Sustainability Assessment: Deloitte,
Craig Lowery, Kiyomi Yamada,
14 August 2024.
GARTNER is a registered trademark and
service mark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally
and is used herein with permission.
All rights reserved.
Note: Monetary values are presented in US$ and used as the basis for revenue growth and innovation investment
percentages, unless otherwise specified.
See endnotes
34
2024 GLOBAL IMPACT REPORT
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Environmental
Social
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ESG highlights
Metrics and frameworks
Endnotes
Business
FIGURE1 Revenue figures are in US$ billion. Figures are aggregated
across the Deloitte network.
FIGURE2 Revenue figures are in US$ billion. Figures are aggregated
across the Deloitte network. Due to rounding, sum of revenue by
industry may not equal total.
FIGURE3 Revenue figures are in US$ billion. Figures are aggregated
across the Deloitte network. Due to rounding, sum of revenue by
business may not equal total. “Legal” means the legal practices of
member firms or their related entities that provide legal services.
All figures are aggregated across the Deloitte network and may not sum to totals due to rounding. Revenue is reported in US$ billions. 'Legal' refers to services provided by specific member firms, as not all firms offer these services. Regarding our people: training hours exclude on-the-job learning. The FY2024 development investment metric now includes indirect learning costs. Age ranges are estimates based on entity data. Gender data reflects a mix of biological sex and gender identity; as we improve our data collection, some figures may not total 100%.
$ billion. Figures are aggregated
across the Deloitte network. Due to rounding, sum of revenue by
business may not equal total. “Legal” means the legal practices of
member firms or their related entities that provide legal services.
For legal and regulatory reasons, not all member firms provide legal
services.
FIGURE4 Revenue figures are in US$ billion. Figures are aggregated
across Deloitte member firms in the relevant region. Due to
rounding, sum of revenue by region may not equal total.
Our people
FIGURE1 Figures are aggregated across the Deloitte network.
FIGURE2 Figures are aggregated across the Deloitte network.
Training hours do not include on-the-job learning hours that
are a core aspect of development at Deloitte. Indirect learning
and development investment is the opportunity cost based
on estimates of the value of time spent in formal learning and
development activities. The definition and calculation methodology
for this metric has been revised for FY2024 to include development
investment.
FIGURE3 Figures are aggregated across the Deloitte network.
FIGURE4 Figures are aggregated across the Deloitte network. Age
ranges are estimated based on data collected from Deloitte entities.
FIGURE5 Figures are aggregated across the Deloitte network. Deloitte
people align to gender identities beyond men and women. We are
on a journey to more accurately and completely capture gender
identity information across our network. The Talent data provided
is a mix of biological sex and gender identity data based on
information available at this time. In some cases where gender data
is not available, the data may not sum to 100%. Age ranges are
estimated based on data collected from Deloitte entities.
FIGURE6 Figures are aggregated across the Deloitte network.
1 Training hours do not include on-the-job learning hours that
are a core aspect of development at Deloitte.
This report presents data aggregated across the Deloitte network. Key updates include: 1) Training hours now include development investments and exclude on-the-job learning. 2) Renewable electricity is procured following RE100 and GRI 302 standards; however, some figures may differ from RE100 reports due to regional procurement challenges and varying market boundary conditions. 3) Revenue is reported in US$ billions. 4) Emissions data includes a revised scope 3 assessment, which now identifies employee commuting—including teleworking—as a material source of emissions. Note that rounding may cause some totals to vary slightly.
estimated based on data collected from Deloitte entities.
FIGURE6 Figures are aggregated across the Deloitte network.
1 Training hours do not include on-the-job learning hours that
are a core aspect of development at Deloitte. The definition and
calculation methodology for this metric has been revised for
FY2024 to include development investment.
Environmental
FIGURES 1 Figures are aggregated across the Deloitte network. Where
possible, Deloitte entities procure and claim renewable electricity in
accordance with the Climate Group’s RE100 Technical Criteria and
Global Reporting Initiative (GRI) topic standard GRI 302: Energy 2016.
In certain markets where procuring renewable electricity is challenging
or is not possible, Deloitte entities may procure renewable electricity
from a neighboring country. This enables Deloitte to demonstrate
commitment to our renewable electricity target and signal market
demand. As this approach meets only one out of three market
boundary conditions included in the RE100 Technical Criteria, there
may be variances between renewable electricity amounts reported
in the Global Impact Report and within RE100 reports. Deloitte
anticipates increasing the alignment with RE100 Technical Criteria over
time as market availability of renewable energy increases.
FIGURES 2 Revenue figures are in US$ billion. Figures are aggregated across
the Deloitte network.
FIGURES 3 Figures are aggregated across the Deloitte network.
FIGURES 4 Figures are aggregated across the Deloitte network. Due to
rounding, sum of sections may not equal total. Deloitte reviewed
its scope 3 emissions category screening in FY2023 and identified
scope 3, category 7 – commuting (including optional emissions from
teleworking) as a material source of emissions.
In FY2024, Deloitte updated its greenhouse gas (GHG) reporting to include Scope 3, Category 7 emissions, which cover employee commuting and teleworking. Due to data limitations, this tracking began in FY2024. Deloitte DCE consists of seven member firms: Austria, Central Europe, France, Germany, Luxembourg, Portugal, and Turkey. Regarding social impact, Deloitte aims to reach 100 million individuals by 2030 through mentoring and organizational support. Total societal investments reached US$416 million, comprising US$164 million in donations, US$211 million in volunteer and pro bono work, and US$41 million in management costs. FY2024 ESG highlights include progress on CO2e reduction targets, supplier commitments to science-based targets, and updated training metrics that now incorporate development investment.
sections may not equal total. Deloitte reviewed
its scope 3 emissions category screening in FY2023 and identified
scope 3, category 7 – commuting (including optional emissions from
teleworking) as a material source of emissions. Accordingly, in FY2024,
Deloitte developed a methodology to calculate emissions from
commuting and working from home, and has updated the reported
GHG emissions totals to include emissions from these sources. Due
to historical data limitations, performance tracking is included from
FY2024 onward only.
2 Deloitte DCE is a member firm bringing together seven Deloitte firms
(Austria, Central Europe, France, Germany, Luxembourg, Portugal, and
Turkey).
Social
FIGURES 1 Figures are aggregated across the Deloitte network. “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 100 million individuals
by 2030.
FIGURES 2 Total societal investments of US$416M include US$164M in
donations, US$211M in value of volunteer and pro bono work, and
US$41M in management costs. Figures are aggregated across the
Deloitte network.
FY2024 ESG highlights
1 Percent reduction of metric tonnes of CO2e in FY2024 vs. FY2019
base year.
2 Suppliers by emissions covering purchased goods and services and
business travel; an additional 4% of suppliers have committed to
setting science-based targets.
3 Training hours do not include on the job learning hours that are a
core aspect of development at Deloitte. The definition and calculation
methodology for this metric has been revised to include development
investment.
This report provides performance metrics for Deloitte. Key notes include: 1) Training hours now include development investment, excluding on-the-job learning. 2) Gender data reflects a mix of biological sex and gender identity, as Deloitte is working to improve its data collection. 3) 'Partners, principals, and managing directors' refers to specific leadership roles within the firm. 4) Data is based on annual surveys of Deloitte firms. 5) Board and Executive Committee membership is reported as of June 1, 2024. As of the fiscal year-end (May 31, 2024), women held 35% of Board seats and 38% of Executive Committee seats. Revenue figures for Audit & Assurance were 12.8, 12.3, and 11.4, while Consulting revenue was 30.2, 29.6, and 25.0.
to
setting science-based targets.
3 Training hours do not include on the job learning hours that are a
core aspect of development at Deloitte. The definition and calculation
methodology for this metric has been revised to include development
investment.
4 Deloitte people align to gender identities beyond men and women.
We are on a journey to more accurately and completely capture
gender identity information across our network. The Talent data
provided is a mix of biological sex and gender identity data based on
information available at this time. In some cases where gender data is
not available, the data may not sum to 100%.
5 Partners, principals, and managing directors refer to Deloitte firm
partners, principals and US managing directors.
6 Based on annual survey of Deloitte firms.
7 Board of Directors and Executive Committee membership is
presented as of 1 June 2024 to reflect composition as of the date
of report publication, thus does not align with composition during
the fiscal year which ended on 31 May 2024. If presented as of the
end of FY2024 on 31 May 2024, figures would be: percent of women
members on Deloitte Global’s Board of Directors: 35%; percent of
women members on Deloitte Global’s Executive Committee: 38%.
Return to prior page
35
Performance metrics table
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Revenue by business
Audit & Assurance
12.8
12.3
11.4
Consulting
30.2
29.6
25.
This report summarizes Deloitte's FY2024 environmental performance and revenue data. Revenue is broken down by business line (Audit & Assurance, Consulting, Financial Advisory, Risk Advisory, and Tax & Legal), region (Americas, EMEA, and Asia Pacific), and industry (Consumer, Energy/Resources/Industrials, Financial Services, Government/Public Services, Life Sciences/Health Care, and Tech/Media/Telecom). The data also tracks annual revenue growth (3.6% in USD / 3.1% in local currency) and innovation investment, which accounted for 3.3% of aggregate firm revenue.
Environmental Performance Data
Limited Assurance Report FY2024
Revenue by business
Audit & Assurance
12.8
12.3
11.4
Consulting
30.2
29.6
25.8
Financial Advisory
5.0
5.1
5.3
Risk Advisory
8.1
7.8
7.0
Tax & Legal1
11.3
10.3
9.9
By region
Americas
36.4
35.9
30.7
Europe/Middle East/Africa
21.5
19.1
18.8
Asia Pacific
9.5
10.0
10.0
By industry
Consumer
13.0
12.6
11.9
Energy, Resources & Industrials
10.3
9.5
8.6
Financial Services
18.3
17.8
16.1
Government & Public Services
12.4
11.1
10.0
Life Sciences & Health Care
5.8
5.8
5.3
Technology, Media & Telecom
7.5
8.0
7.5
Revenue growth
Percentage growth in US dollars/local currency
Revenue growth
3.6% / 3.1%
9.3% / 14.9%
18.1% / 19.6%
Innovation investment
Percentage of aggregate Deloitte firm revenue
Innovation investment2
3.3%
3.8%
3.
Deloitte's 2024 Global Impact Report highlights key financial and environmental performance metrics. Financially, the firm's aggregate revenue grew from $59.3 billion in FY2022 to $67.2 billion in FY2024, with innovation investment consistently representing between 3.3% and 3.8% of revenue. Environmentally, Deloitte is tracking progress toward several 2030 sustainability goals. As of FY2024, the firm has achieved 81% renewable electricity usage (toward a 100% goal), 55% electric vehicle adoption (toward a 100% goal), and a 53% reduction in Scope 1 & 2 emissions (toward a 70% goal). Additionally, the firm has reduced Scope 3 business travel emissions per employee by 67% (surpassing its 50% goal) and reports that 30% of its suppliers have set science-based emissions targets.
% / 14.9%
18.1% / 19.6%
Innovation investment
Percentage of aggregate Deloitte firm revenue
Innovation investment2
3.3%
3.8%
3.6%
See endnotes
2024 GLOBAL IMPACT REPORT
36
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Business
Total
(US$ Billion)
Note: Figures are aggregated across the
Deloitte network except where otherwise
noted. Due to rounding, sum of sections may
not equal total.
FY2024
67.2
FY2023
64.9
FY2022
59.3
Percent renewable electricity1
Percent electric vehicles
Reduction of scope 1 & 2 emissions from FY2019 levels
Reduction of scope 3 emissions from business travel per full-time equivalent
employee (FTE) from FY2019 levels
2030
2030
2030
2030
2025
100%
93%
100%
50%
70%
81%
55%
53%
67%
30%
Goal Description
Percent of suppliers with science-based targets (by emissions)
See endnotes
2024 GLOBAL IMPACT REPORT
37
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Environmental
Goal year
Goal
FY
This document outlines Deloitte’s FY2024 environmental performance, including progress toward WorldClimate goals. It provides data on Scope 1 and Scope 2 greenhouse gas (GHG) emissions, covering sources such as building fuel combustion, vehicle fleets, purchased electricity, and district heating/cooling. The report adheres to various frameworks, including the Global Reporting Initiative (GRI) and Task Force on Climate-Related Financial Disclosures (TCFD). Certain data points marked with [#] have undergone independent limited assurance under ISAE 3410. Detailed methodology and reporting boundaries are available in the 'Deloitte Global FY2024 Basis of Reporting' section.
Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Environmental
Goal year
Goal
FY2024 progress
Note: Figures are aggregated across the Deloitte
network except where otherwise noted. Due to
rounding, sum of sections may not equal total.
A detailed description of this report’s boundaries
and the performance measurement methods
used is available in the “Deloitte Global FY2024
Basis of Reporting” section.
Selected environmental data, indicated in this
table with the [#] symbol, has been subject to
independent limited assurance in accordance
with ISAE 3410. Further details are available
within the Environmental Performance Data
Progress toward goals — WorldClimate
2024 GLOBAL IMPACT REPORT
38
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Environmental (continued)
Scope 1 GHG emissions by source
Fuel combustion in buildings
10,178
10,541
10,285
18,174
Vehicle fleet (internal combustion engine)
23,439
26,417
32,418
43,727
Total scope 1 emissions
# 33,618
# 36,959
42,703
61,901
Scope 2 GHG emissions by source
Purchased electricity - buildings and fleet (market-based)2
8,917
11,969
15,507
201,771
District heating and cooling
7,991
6,989
6,
This table summarizes greenhouse gas (GHG) emissions in metric tonnes of CO2e for fiscal years 2019 (base year) through 2024. Scope 2 emissions, covering purchased electricity and district heating/cooling, rose to 21,961 in 2024. Scope 3 emissions, which include purchased goods and services, business travel, and commuting, totaled 854,486 in 2024. Total gross GHG emissions for 2024 were 919,150, with 762,369 in carbon credits purchased for beyond value chain mitigation.
by source
Purchased electricity - buildings and fleet (market-based)2
8,917
11,969
15,507
201,771
District heating and cooling
7,991
6,989
6,454
n/a3
Total scope 2 emissions
21,961
201,771
Scope 3 GHG emissions by source
Category 1 - purchased goods & services (PG&S)4
606,757
1,107,612
678,417
495,387
Category 6 - business travel
525,707
444,556
176,069
754,133
Business travel: air travel (tank-to-wake emissions)5,6
365,236
307,044
93,605
494,824
Business travel: other sources
160,471
137,512
82,464
259,309
Category 7 - commuting (including teleworking)7
262,820
n/a3
n/a3
n/a3
Total scope 3 emissions
854,486
1,249,520
GHG emissions totals
Gross GHG emissions
919,150
1,513,192
Beyond value chain mitigation: carbon credit purchases8
744,398
859,083
762,369
494,824
Environmental sustainability
FY2024
FY2023
FY2022
FY2019 (Base year)
GHG emissions by scope and source
Metric tonnes CO2e
See endnotes
2024 GLOBAL IMPACT REPORT
39
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
The 2024 Global Impact Report outlines the company's environmental performance metrics, including energy consumption and greenhouse gas (GHG) emissions. Energy usage is measured in terajoules (TJ) across sources such as renewable and non-renewable electricity, natural gas, gasoline, diesel, and district heating. GHG emissions are reported in metric tonnes of CO2 equivalent (CO2e), categorized by scope and source. Key performance indicators include GHG emissions per full-time employee (FTE) and GHG emissions per dollar of revenue, covering both operational/business travel and gross emissions. The report adheres to various frameworks, including the Task Force on Climate-Related Financial Disclosures (TCFD) and the Global Reporting Initiative (GRI).
year)
GHG emissions by scope and source
Metric tonnes CO2e
See endnotes
2024 GLOBAL IMPACT REPORT
39
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Renewable electricity1
1,315
1,340
1,116
199
Non-renewable electricity
96
90
110
1,393
Natural gas
156
179
183
245
Gasoline
270
261
289
348
Diesel fuel
105
159
210
405
District heating and cooling
126
126
127
n/a3
Total energy consumed
2,036
2,590
Energy usage
Terajoules (TJ)
Electricity (market-based)
8,917
11,969
15,507
201,771
Scope 2 purchased electricity GHG emissions by methodology2
Metric tonnes CO2e
FY2024 Performance metrics
Environmental (continued)
GHG emissions per FTE
Business travel emissions
1.2
1.0
0.5
2.5
Operational and business travel emissions
1.3
1.2
0.6
3.3
Gross GHG emissions
3.2
3.7
2.5
4.9
GHG emissions per dollar of revenue
Operational and business travel emissions
8.6
7.7
4.1
22.0
Gross GHG emissions
21.
In the 2024 Global Impact Report, Deloitte outlines its environmental performance data and sustainability initiatives. Key greenhouse gas (GHG) metrics show that gross GHG emissions were 21.5 metric tonnes CO2e/FTE in FY2024, compared to 24.8 in FY2023, 15.5 in FY2022, and 32.8 in the FY2019 base year. GHG emissions per dollar of revenue were 4.9 kg CO2e/$000 USD in FY2024, down from 8.6 in FY2023, 7.7 in FY2022, and 4.1 in FY2019. Additionally, Deloitte is actively supporting the development of Sustainable Aviation Fuel (SAF), a renewable fuel made from waste materials like used cooking oil. Because current standards lack a formal methodology for reporting SAF certificates (SAFc) within standard GHG scopes, Deloitte reports these impacts separately to promote transparency and advocate for standardized tracking mechanisms.
2.5
4.9
GHG emissions per dollar of revenue
Operational and business travel emissions
8.6
7.7
4.1
22.0
Gross GHG emissions
21.5
24.8
15.5
32.8
GHG intensity measures
Metric tonnes CO2e / FTE
Kg CO2e / $000 USD
Environmental sustainability (continued)
FY2024
FY2023
FY2022
FY2019 (Base year)
See endnotes
2024 GLOBAL IMPACT REPORT
40
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Sustainable aviation fuel (SAF)
SAF is a renewable or waste-derived aviation fuel that meets sustainability criteria. SAF is produced from sustainable feedstocks including
waste materials, such as used cooking oil, agricultural residues, and municipal solid waste, or potentially from purpose-grown crops.
Current reporting standards do not provide a methodology for reporting of environmental attribute certificate purchases such as Sustainable
Aviation Fuel certificates (SAFc) within the boundaries of scopes 1, 2 and 3 GHG emissions. Deloitte reports on these purchases and their
impacts separately in the table below to share with others an example of how SAFc can be included in environmental reporting. In addition
to purchasing SAFc, Deloitte supports efforts to develop and standardize robust physical tracking mechanisms and associated registries to
improve traceability of SAF.
Deloitte is committed to environmental transparency by incorporating Sustainable Aviation Fuel certificates (SAFc) into its reporting. Beyond purchasing these certificates, the firm is actively working to standardize tracking systems to improve the traceability of sustainable aviation fuel. The provided data outlines Deloitte's environmental performance from FY2019 to FY2024, detailing air travel emissions (including tank-to-wake and well-to-tank metrics), the impact of SAFc purchases on reducing life-cycle emissions, and broader Scope 3 and gross greenhouse gas emissions. Additionally, the report notes water consumption metrics for FY2024.
with others an example of how SAFc can be included in environmental reporting. In addition
to purchasing SAFc, Deloitte supports efforts to develop and standardize robust physical tracking mechanisms and associated registries to
improve traceability of SAF.
Value chain mitigation
Tank-to-wake air travel emissions5,6
365,236
307,044
93,605
n/a3
Well-to-tank air travel emissions6
76,100
63,598
19,389
n/a3
Full life-cycle assessment (LCA) air travel emissions
441,336
370,643
112,994
n/a3
Less: Sustainable Aviation Fuel Certificates (SAFc) purchased9
7,803
5,358
4,617
n/a3
LCA air travel emissions with SAF
433,533
365,285
108,377
n/a3
Business travel emissions with LCA air travel emissions and SAF 594,004
502,797
190,841
n/a3
Total scope 3 emissions with LCA air travel emissions and SAF 1,463,580
1,610,409
869,259
n/a3
Gross GHG emissions with LCA air travel emissions and SAF
1,514,106
1,666,326
933,922
n/a3
Water consumption10
209,816
n/a3
n/a3
n/a3
Water consumption10
Cubic meters
FY2024 Performance metrics
Environmental (continued)
Environmental sustainability (continued)
FY2024
FY2023
FY2022
FY2019 (Base year)
See endnotes
2024 GLOBAL IMPACT REPORT
41
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial
In the FY2024 Global Impact Report, Deloitte updated its methodology for calculating purchased goods and services (PG&S) emissions. The changes include using activity-based calculations for contingent labor and excluding non-emission-generating costs like taxes and intercompany transactions. Consequently, emissions from contingent labor are now categorized under business travel and commuting (Scope 3, categories 6 and 7) rather than purchased goods and services (Scope 3, category 1). Because these improvements rely on new data granularity, they cannot be applied to past years. Therefore, FY2023 and prior emissions data have not been restated. To help with year-over-year comparisons, Deloitte has provided approximated figures for previous years based on FY2024 intensity measures.
Base year)
See endnotes
2024 GLOBAL IMPACT REPORT
41
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
As discussed in the Deloitte Global FY2024 Basis of Reporting, the methodology for calculating purchased goods and services (PG&S) emissions
was revised in FY2024 to (1) utilize activity-based calculations for emissions resulting from the use of contingent labor and (2) more precisely
identify and exclude supplier spend items that are deemed non-emission generating (e.g., taxes, intercompany transactions, etc.) from
spend-based PG&S calculations.
The revised methodology for calculating emissions from contingent labor results in emissions that were previously accounted for in scope 3,
category 1 - purchased goods and services being included in scope 3, category 6 - business travel and scope 3, category 7 - commuting (including
teleworking) from FY2024 onward, thus these emissions categories have been included in the comparative figures presented herein.
As this methodology change is possible due to improvements in data granularity, it cannot be applied retrospectively and thus emissions amounts
in the main GHG emissions inventory have not been restated for FY2023 and prior years. This limitation impacts the year-over-year comparability
of reporting emissions, thus the comparative metrics have been included below to approximate the impact to each relevant category of scope 3
emissions resulting from the change in methodology. FY2023 and prior values as presented using the revised methodology have been approximated
using intensity measures from FY2024 data.
This table compares Scope 3 emissions using our updated FY2024 methodology versus our previous reporting methods. To show the impact of these changes, we applied FY2024 intensity measures to data from FY2023, FY2022, and FY2019. Please note that commuting (including teleworking) was added to the GHG inventory for the first time in FY2024; therefore, historical data for this category is not applicable and the provided figures are for comparison purposes only, not for official inventory inclusion.
included below to approximate the impact to each relevant category of scope 3
emissions resulting from the change in methodology. FY2023 and prior values as presented using the revised methodology have been approximated
using intensity measures from FY2024 data. Because commuting (including teleworking) has been included in the GHG inventory for the first time
in FY2024, emissions calculated under the FY2023 and earlier methodology are not applicable for this category of emissions. Approximation of the
amounts below is included solely for the purpose of reflecting the impact of the methodology update and is not meant for inclusion in the GHG
inventory for the reasons stated above.
Scope 3, category 1 - purchased goods and services
FY2024
FY2023
FY2022
FY2019
Emissions using FY2024 methodology
606,757
692,967
508,286
398,888
Emissions using prior methodology
939,291
1,107,612
678,417
495,387
Scope 3, category 6 - business travel
Emissions using FY2024 methodology
525,707
446,911
177,001
758,127
Emissions using prior methodology
522,923
444,556
176,069
754,133
Scope 3, category 7 - commuting (including teleworking)
Emissions using FY2024 methodology
262,820
249,603
217,297
177,924
FY2024 Performance metrics
Environmental (continued)
Supplementary table 1: Comparison of emissions by methodology
Metric tonnes CO2e
Environmental sustainability (continued)
FY2024
FY2023
FY2022
FY2019 (Base year)
2024 GLOBAL IMPACT REPORT
42
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis
In the 2024 Global Impact Report, Deloitte updated its greenhouse gas (GHG) inventory to include emissions from employee commuting and teleworking. Additionally, the methodology for calculating Scope 3 emissions (business travel and commuting) was revised to include both Deloitte employees and contingent labor starting in FY2024. The report provides a breakdown of these emissions and includes comparative data against previous years, which previously only accounted for Deloitte employees.
2024
FY2023
FY2022
FY2019 (Base year)
2024 GLOBAL IMPACT REPORT
42
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
As discussed in the Deloitte Global FY2024 Basis of Reporting, emissions from commuting (including teleworking) have been added to the GHG
inventory in FY2024. Moreover, due to the revised methodology for calculating emissions from contingent labor, the emissions presented in the GHG
inventory for scope 3, category 6 - business travel and scope 3, category 7 - commuting (including teleworking) include emissions from both Deloitte
people and those related to contingent labor from FY2024 onward. The detail included herein presents the breakout of reported business travel and
commuting emissions between Deloitte people and contingent labor, and provides comparative information relative to prior-reported amounts that
considered Deloitte people only.
Supplementary table 2: Business travel and commuting by source
Metric tonnes CO2e
Scope 3 category 6 - business travel
FY2024
FY2023
FY2022
FY2019 (Base year)
Emissions from Deloitte people
522,923
444,556
176,069
754,133
Emissions from Deloitte contingent labor
2,784
n/a3
n/a3
n/a3
Scope 3 category 7 - commuting (including teleworking)
Emissions from Deloitte people
251,371
n/a3
n/a3
n/a3
Emissions from Deloitte contingent labor
11,448
n/a
In FY2024, Deloitte reported 251,371 tonnes of CO2 emissions from employee commuting and 11,448 tonnes from contingent labor. Regarding societal impact, the WorldClass initiative reached 24 million individuals in FY2024, bringing the cumulative total to 81 million since 2018, with a goal of 100 million by 2030. Total donations reached 164 million (142 million from the firm/foundation and 21 million from employees). Additionally, the firm contributed 82 million in pro bono work, 59 million in skills-based volunteering, and various traditional volunteering efforts.
7 - commuting (including teleworking)
Emissions from Deloitte people
251,371
n/a3
n/a3
n/a3
Emissions from Deloitte contingent labor
11,448
n/a3
n/a3
n/a3
FY2024 Performance metrics
Environmental (continued)
Environmental sustainability (continued)
FY2024
FY2023
FY2022
FY2019 (Base year)
See endnotes
Individuals impacted through WorldClass
24M
FY24 progress
81M
Cumulative progress FY2018-FY2024
100M
2030 Goal
2024 GLOBAL IMPACT REPORT
43
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Societal impact
Progress toward goals — Societal impact including WorldClass
Note: Figures are aggregated across the Deloitte
network except where otherwise noted. Due to
rounding, sum of sections may not equal total. A
detailed description of this report’s boundaries
and the performance measurement methods
used is available in the “Deloitte Global FY2024
Basis of Reporting” section.
See endnotes
By source - donations
Firm and foundation donations (monetary and in-kind)
142
123
101
Donations by Deloitte people
(to Deloitte-supported organizations and fundraisers)
21
25
25
Total donations
164
148
126
By source - volunteer and pro bono work
Pro bono work1
82
83
67
Skills-based volunteering
59
56
41
Traditional volunteering
The 2024 Deloitte Global Impact Report highlights the company's societal investments and volunteer contributions across fiscal years 2022, 2023, and 2024. Total societal investments reached US$416 million in FY2024, up from US$377 million in FY2023 and US$284 million in FY2022. The total value of volunteer and pro bono work by Deloitte personnel grew to US$211 million in FY2024, supported by 2,041 total hours of service. Key focus areas include the 'WorldClass' initiative, which accounted for 45% of contributions in FY2024, and a strategic emphasis on pro bono and skills-based volunteering, which represented 67% of the total value of all volunteer efforts.
25
25
Total donations
164
148
126
By source - volunteer and pro bono work
Pro bono work1
82
83
67
Skills-based volunteering
59
56
41
Traditional volunteering
70
58
22
Total value of volunteer and pro bono work by Deloitte people
211
197
131
By source - program costs
Costs for managing societal impact
41
31
27
Monetary value of societal investments
Total societal investments
416
377
284
Societal impact
Monetary value of societal investments
US$ million
FY2023
FY2024
FY2022
2024 GLOBAL IMPACT REPORT
44
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Societal impact (continued)
US$ million
FY2024 Performance metrics
Societal impact (continued)
Contributions aligned towards WorldClass
(education and skills-building)
45%
47%
39%
Value of pro bono and skills-based volunteering as
percentage of value of all volunteering and pro bono work
67%
71%
83%
Pro bono work
391
483
471
Skills-based volunteering
1,018
928
696
Traditional volunteering
631
482
204
Total hours of volunteering and
pro bono work by Deloitte people
2,041
1,893
1,371
Societal investments by contribution area
Hours of societal investments
FY2023
FY2024
FY2022
Percent of women among partners, principals, and managing directors1
Percent
The 2024 Deloitte Global Impact Report highlights key performance metrics regarding workforce and diversity. As of FY2024, the total workforce reached 460,300 individuals, with 374,792 professional staff, 65,143 administrative staff, and 20,368 partners, principals, and managing directors. Geographically, the workforce is distributed across the Americas (216,413), Europe/Middle East/Africa (139,774), and Asia Pacific (104,116). Regarding gender diversity goals, Deloitte reports the following progress: women represent 27% of partners, principals, and managing directors (against a 30% goal), 41% of the Global Board of Directors (against a 40% goal), and 35% of the Global Executive Committee (against a 40% goal).
,041
1,893
1,371
Societal investments by contribution area
Hours of societal investments
FY2023
FY2024
FY2022
Percent of women among partners, principals, and managing directors1
Percent of women members on Deloitte Global’s Board of Directors3
Percent of women members on Deloitte Global’s Executive Committee3
Goal Description
30%
40%
40%
27%2
41%
35%
2024 GLOBAL IMPACT REPORT
45
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Our people
Note: Figures are aggregated across the Deloitte
network except where otherwise noted. Due to
rounding, sum of sections may not equal total.
By level
Partners, principals, and managing directors1
20,368
19,592
17,927
Professional staff4
374,792
372,448
336,754
Administrative staff5
65,143
64,786
57,270
By region
Americas
216,413
215,373
196,503
Europe/Middle East/Africa
139,774
142,805
127,764
Asia Pacific
104,116
98,648
87,684
Total workforce
Total workforce
460,300
456,830
411,950
Workforce
Number of individuals
Talent
FY2023
FY2024
2025 Goal
FY2024 progress
Progress toward aspirational goals — Talent
FY2022
The 2024 Deloitte Global Impact Report outlines workforce diversity metrics across fiscal years 2022, 2023, and 2024. Key findings include: Women hold 41% of seats on the Global Board of Directors and 35% on the Global Executive Committee. Across all levels, women represent 46% of the total workforce, with 26% in partner, principal, and managing director roles and 30% in new admissions for those roles. Regionally, the gender distribution remains consistent, with women making up 45% of the workforce in the Americas, 46% in Europe/Middle East/Africa, and 48% in Asia Pacific as of FY2024.
300
456,830
411,950
Workforce
Number of individuals
Talent
FY2023
FY2024
2025 Goal
FY2024 progress
Progress toward aspirational goals — Talent
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
46
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Percent of women in leadership and governance bodies
Percent of women members on
Deloitte Global’s Board of Directors3
41%
35%
38%
Percent of women members on
Deloitte Global’s Executive Committee3
35%
38%
23%
Percent of women by level
Partners, principals, and managing directors1
27%2
26%
25%
New partner, principal, and managing director admissions1
24%
30%
27%
Professional staff4
44%
44%
43%
Administrative staff5
62%
63%
63%
Overall
46%
46%
45%
Percent of women by region
Americas
45%
45%
44%
Europe/Middle East/Africa
46%
46%
46%
Asia Pacific
47%
48%
47%
Overall
46%
46%
45%
Talent by gender6
Percentage of total
Talent (continued)
FY2023
FY2024
FY2024 Performance metrics
Our people (continued)
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
47
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task
This report outlines the age distribution of the global workforce across fiscal years 2022, 2023, and 2024. Globally, the workforce remains consistently composed of approximately 47% employees under 30, 46-48% between 30 and 50, and 6-7% over 50. This demographic breakdown is further detailed by region, covering the Americas, Europe/Middle East/Africa, and the Asia Pacific, showing stable age distribution patterns across all territories over the three-year period.
Our people (continued)
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
47
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
By age range - overall
Age <30
46%
47%
47%
Age 30-50
48%
47%
46%
Age >50
6%
6%
7%
By region and age range - Americas
Age <30
45%
47%
47%
Age 30-50
48%
46%
46%
Age >50
7%
7%
7%
By region and age range - Europe/Middle East/Africa
Age <30
45%
47%
48%
Age 30-50
48%
46%
45%
Age >50
7%
7%
7%
By region and age range - Asia Pacific
Age <30
47%
47%
48%
Age 30-50
48%
49%
46%
Age >50
5%
4%
6%
Talent by age range7
Percentage of total
Talent (continued)
FY2023
FY2024
FY2024 Performance metrics
Our people (continued)
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
48
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
By level
This report outlines FY2024 hiring data, adhering to TCFD, Stakeholder Capitalism, and GRI reporting standards. Total new hires grew from 92,910 (20% rate) to 156,430 (38% rate) over the reporting period. By role, professional staff saw the highest growth, reaching 139,565 hires (41% rate), while administrative staff reached 16,025 (28% rate) and leadership (partners, principals, and managing directors) reached 835 (5% rate). Regionally, the Americas led with 74,486 hires (38% rate), followed by Europe/Middle East/Africa with 46,321 (36% rate) and Asia Pacific with 35,618 (41% rate). By gender, men accounted for 86,268 hires (55%) and women accounted for 70,061 hires (45%).
ity
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
By level
Partners, principals, and managing directors new hires1
618
830
835
Partners, principals, and managing directors new hire rate8
3%
4%
5%
Professional staff new hires4
81,849
115,110
139,565
Professional staff new hire rate8
22%
31%
41%
Administrative staff new hires5
10,439
16,755
16,025
Administrative staff new hire rate 8
16%
26%
28%
By region
Americas new hires
36,825
53,769
74,486
Americas new hire rate8
17%
25%
38%
Europe/Middle East/Africa new hires
29,216
47,349
46,321
Europe/Middle East/Africa new hire rate8
21%
33%
36%
Asia Pacific new hires
26,865
31,577
35,618
Asia Pacific new hire rate8
26%
32%
41%
By gender6
Men new hires
49,550
70,011
86,268
Percent of men new hires8
53%
53%
55%
Women new hires
43,090
62,649
70,061
Percent of women new hires8
46%
47%
45%
Total new hires
Total new hires
92,910
132,700
156,430
Total new hire rate8
20%
29%
38%
New hires
Number of individuals and percentage of
This report outlines talent metrics for fiscal years 2022, 2023, and 2024. New hires increased significantly over this period, rising from 92,910 (20% rate) in FY2022 to 156,430 (38% rate) in FY2024. Total employee turnover also rose, reaching 86,400 individuals (a 23% rate) in FY2024. By region, the Americas saw a 20% turnover rate, Europe/Middle East/Africa saw 25%, and Asia Pacific saw 27%. By gender, both men and women experienced a turnover rate of 23% in FY2024.
%
47%
45%
Total new hires
Total new hires
92,910
132,700
156,430
Total new hire rate8
20%
29%
38%
New hires
Number of individuals and percentage of total
Talent (continued)
FY2023
FY2024
FY2024 Performance metrics
Our people (continued)
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
49
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
By region
Americas turnover
34,544
32,259
34,508
Americas turnover rate
16%
15%
20%
Europe/Middle East/Africa turnover
27,408
29,207
29,942
Europe/Middle East/Africa turnover rate
19%
21%
25%
Asia Pacific turnover
20,883
20,589
21,953
Asia Pacific turnover rate
21%
22%
27%
By gender6
Men turnover
45,006
45,375
48,242
Men turnover rate
18%
19%
24%
Women turnover
37,635
36,501
38,150
Women turnover rate
18%
18%
23%
Total turnover
Total turnover
82,835
82,055
86,400
Total turnover rate
18%
19%
23%
Turnover
Number of individuals and percentage of total
Talent (continued)
FY2023
FY2024
FY2024 Performance metrics
Our people (continued)
FY202
This report summarizes Deloitte's talent metrics across FY2022, FY2023, and FY2024. Key findings include: 1) Turnover rates were 18% in FY2022, 19% in FY2023, and 23% in FY2024. 2) Training hours per individual averaged 46, 47, and 42 respectively, with investments in direct training totaling $647M, $670M, and $463M. Indirect learning investment remained significant, ranging from $7.1B to $8.4B, supported by 6 Deloitte university facilities. 3) Recruiting data shows total applications peaked at 7.9 million in FY2023. Internship numbers remained stable around 31,000–32,000 annually, with women representing 55% of interns in FY2024.
Total turnover rate
18%
19%
23%
Turnover
Number of individuals and percentage of total
Talent (continued)
FY2023
FY2024
FY2024 Performance metrics
Our people (continued)
FY2022
See endnotes
2024 GLOBAL IMPACT REPORT
50
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Hours of training per individual by level
Partners, principals, and managing directors1
33
38
34
Professional staff4
53
55
49
Average hours of training per individual by gender6
Men
46
48
40
Women
47
45
43
Average hours of training per individual
46
47
42
Other learning metrics
Annual direct training investment (US$)
$647M
$670M
$463M
Average annual direct training investment per individual (US$)
$1,400
$1,500
$1,150
Indirect learning and development investment11 (US$)
$8.4B
$8.0B
$7.1B
Number of Deloitte university facilities12
6
6
6
Learning10
Total applications
Total applications
7,234,000
7,927,000
5,720,000
Percentage of internships by gender6
Men
49%
44%9
44%
Women
51%
47%9
55%
Total internships
31,300
31,6009
32,000
Recruiting
Talent (continued)
FY2023
FY2022
FY2024
FY
In the 2024 Global Impact Report, Deloitte reported key performance metrics across talent and governance. Regarding talent, the percentage of women in internships was 47% in FY2022, 51% in FY2023, and 55% in FY2024, with total internship numbers reaching 31,600, 31,300, and 32,000 respectively. Regarding governance, there were zero confirmed incidents of corruption across all three fiscal years. Additionally, over 95% of the global workforce completed required anti-corruption training in both the FY2021–FY2022 and FY2023–FY2024 periods, with completion rates exceeding 95% across all regions (Americas, Europe/Middle East/Africa, and Asia Pacific).
Women
51%
47%9
55%
Total internships
31,300
31,6009
32,000
Recruiting
Talent (continued)
FY2023
FY2022
FY2024
FY2024 Performance metrics
Our people (continued)
See endnotes
2024 GLOBAL IMPACT REPORT
51
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
FY2024 Performance metrics
Governance
FY2024
Confirmed incidents of corruption1
0
0
0
FY2023
FY2022
FY2024
GOVERNANCE
Anti-corruption
Note: Figures are aggregated across the Deloitte
network except where otherwise noted.
FY2023 - FY2024
FY2021 - FY2022
Percentage of overall workforce who have completed
required anti-corruption training2
95%3
95%3
Required anti-corruption training completion by region
Americas
95%3
95%3
Europe/Middle East/Africa
95%3
95%3
Asia Pacific
95%3
95%3
See endnotes
52
Stakeholder engagement
and materiality
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
See endnotes
2024 GLOBAL IMPACT REPORT
53
Global Impact Report
Metrics and frameworks
Performance
Reporting is central to Deloitte’s purpose of making an impact that matters. The 2024 Global Impact Report provides transparency regarding how the firm affects the economy, environment, people, and human rights. To ensure accountability, Deloitte identifies material topics—key issues that guide its ESG strategy—and reports on them in accordance with Global Reporting Initiative (GRI) Standards. The report includes several key resources: the Stakeholder Capitalism Metrics reference table, the GRI index, Environmental Performance Data, and a Limited Assurance Report for FY2024.
akeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
See endnotes
2024 GLOBAL IMPACT REPORT
53
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Reporting is fundamental
to Deloitte’s business. From
the assurance services
that Deloitte practitioners
provide to clients to the
research and insights our
network publishes across
industries and regions, the
importance of reporting
is deeply ingrained in our
network.
Our purpose is to make an impact that
matters. We recognize the need to be
transparent about our impact—not just
the ways in which we affect Deloitte
clients through the services provided,
but also the ways in which we impact the
economy, the environment, our people,
and human rights more broadly across
our activities and business relationships.
The Global Impact Report is the
primary way we communicate our
impacts and actions. By reviewing and
understanding topics material to Deloitte,
our stakeholders are provided with the
data and insights that are material to
them. These topics also serve as critical
guideposts in setting our strategy around
environmental, social, and governance
(ESG) matters. We prepare the reporting
of our network’s most significant impacts
in accordance with the Global Reporting
Initiative (GRI) Standards.
Identifying material topics
Deloitte’s approach to identify material
topics is embedded in the way we do
business.
Deloitte identifies its most significant impacts in line with Global Reporting Initiative (GRI) Standards. Our process involves continuous engagement with internal stakeholders (leadership and employees) and external stakeholders (clients, suppliers, regulators, industry groups, academia, and NGOs). We gather insights through interviews, research, and social listening tools to understand our impact on the economy, environment, people, and human rights. We rank these impacts by severity and likelihood to categorize them as 'significant,' 'more significant,' or 'fundamental,' which then guides our strategy and reporting. While a formal assessment was conducted in FY2022, we continued to evaluate these impacts throughout FY2024 using ongoing consultation and analysis.
of our network’s most significant impacts
in accordance with the Global Reporting
Initiative (GRI) Standards.
Identifying material topics
Deloitte’s approach to identify material
topics is embedded in the way we do
business. Continuous engagement with
our key internal and external stakeholders
helps inform our understanding of who
Deloitte impacts through our day-to-
day operations, along with analysis of
our industry and activities. Processes to
engage with stakeholders exist at multiple
levels within Deloitte. They enable us to
discuss Deloitte’s impacts on the economy,
the environment, people, and human
rights with those who have insights on
such impacts. These ongoing interactions
influence our reporting and shaping of
material topics. Internal stakeholders
include Deloitte leadership and Deloitte
people. Examples of external stakeholders
include suppliers, clients, regulators,
industry associations, academia, and non-
governmental organizations.
Periodically, Deloitte formally reviews
and revises our list of material topics and
impacts by obtaining stakeholder insights
about actual and potential, positive
and negative impacts on the economy,
the environment, people, and human
rights through direct interviews, desktop
research, and the use of proprietary social
listening tools. Deloitte further assesses
the actual and potential impacts identified
to better understand and rank these
impacts according to their magnitude,
severity, and likelihood. The preliminary
list of material topics is refined, scored,
and systematically evaluated to arrive
at the “significant,” “more significant,”
and “fundamental” topics for Deloitte to
prioritize in our strategy and reporting.
The formal materiality assessment
process was last undertaken during
FY2022. In FY2024, we assessed the
impacts through regular engagement,
consultation, research, and analysis.
In FY2024, Deloitte maintained the same material topics identified in our FY2022 formal assessment, though we updated their relative significance based on ongoing research and stakeholder engagement. Notably, 'sustainable and responsible supply chain' is now considered a higher priority. ESG reporting is overseen by the Purpose Executive Leadership Team (PELT), which includes global member firm leaders and junior professionals from the One Young World program. The World Impact Council (WIC) previously approved our material topics, which continue to guide our ESG management. While 'human rights' is not listed as a standalone material topic, it remains integrated across our other priority areas.
prioritize in our strategy and reporting.
The formal materiality assessment
process was last undertaken during
FY2022. In FY2024, we assessed the
impacts through regular engagement,
consultation, research, and analysis. Our
ongoing identification and analysis has
led us to conclude that the material topics
and impacts listed remain unchanged for
FY2024. However, the relative significance
of the impacts has shifted in some cases.
For example, sustainable and responsible
supply chain has been reclassified as
a more significant topic for Deloitte in
FY2024.
2024 GLOBAL IMPACT REPORT
54
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Management of material topics
and impacts
During FY2024, reporting of ESG matters
was overseen by the Purpose Executive
Leadership Team (PELT), chaired by
the Deloitte Global Chief People and
Purpose Officer. PELT membership
was drawn from Deloitte member firm
Purpose leaders. Several junior Deloitte
professionals, drawn from participants in
the One Young World program, were also
members of PELT.
The results of the FY2022 formal
materiality assessment, including
the prioritized list of material topics,
were presented to, and approved
by, the World Impact Council (WIC),
the predecessor of PELT, and were
embedded in Deloitte’s management
of ESG matters. The prioritized list of
topics does not specifically list human
rights as a material impact because
human rights considerations are
included in many other topics.
Deloitte integrates ESG matters into its management through the ELT. While 'human rights' is not listed as a standalone material topic, it is embedded within other areas: supply chain sustainability covers human rights in procurement, and diversity, equity, and inclusion (DEI) covers equality and non-discrimination. Specific commitments are detailed in Deloitte’s Human Rights Statement. Deloitte assesses its impact on the economy, environment, and people, and leadership supports ESG through client services, programs like WorldClimate and WorldClass, and internal DEI training. Deloitte acknowledges negative impacts, such as greenhouse gas emissions and electronic waste, and is actively working to mitigate these through initiatives outlined in the 2024 Global Impact Report.
ELT, and were
embedded in Deloitte’s management
of ESG matters. The prioritized list of
topics does not specifically list human
rights as a material impact because
human rights considerations are
included in many other topics. For
example, sustainable and responsible
supply chain includes Deloitte’s impacts
on human rights in supply chain, while
the diversity, equity, and inclusion
topic addresses equality and non-
discriminatory treatment as human
rights. Please see our Human Rights
Statement for the list of human rights
Deloitte is committed to advancing.
When considering the actual and potential
risks and opportunities of material topics
identified throughout the assessment
process, Deloitte recognizes its positive
and negative impacts on the economy,
the environment, people, and human
rights. Deloitte leadership recognizes
the importance of the three ESG pillars
and has supported an increase in ESG-
related services provided to clients, ESG
programs such as WorldClimate and
WorldClass, and tools and trainings for
our people, with an emphasis on diversity,
equity, and inclusion (DEI).
Deloitte’s impact extends beyond our
direct operations and includes impacts
arising from the work we do with clients
and from our supply chain that may not
fully align with our Purpose and Shared
Values. Deloitte’s negative impacts from
its activities include greenhouse gas
emissions contributing to climate change
and the creation of electronic waste.
Deloitte acknowledges these negative
impacts and is actively working to mitigate
them through internal and external
programs, as discussed throughout the
2024 Global Impact Report.
Deloitte recognizes its role in climate change and electronic waste production. Through its 2024 Global Impact Report, the firm outlines how it is addressing these issues via internal and external initiatives, such as WorldClimate, WorldClass, and its global Diversity, Equity, and Inclusion (DEI) program. Deloitte sets aspirational goals based on industry standards to improve its positive impact and reduce negative outcomes for stakeholders, with annual progress updates provided in the Global Impact Report. The report also categorizes key material topics—ranging from corporate governance and ethics to environmental sustainability and talent experience—by their level of significance and impact on the economy, environment, people, and society.
emissions contributing to climate change
and the creation of electronic waste.
Deloitte acknowledges these negative
impacts and is actively working to mitigate
them through internal and external
programs, as discussed throughout the
2024 Global Impact Report.
As part of Deloitte’s WorldImpact
programs, including WorldClimate,
WorldClass, and our global DEI program,
Deloitte has established aspirational
goals that align with leading practices,
frameworks, and benchmarks to
help drive positive impacts and reduce
negative impacts on stakeholders.
Performance against these goals is
reported annually in the Global
Impact Report.
Board and corporate governance
Economic performance
Ethics and integrity
Climate change
Data privacy and cybersecurity
Diversity, equity and inclusion
Health and well-being
Impact of client services
Nature and biodiversity
Societal impact
Sustainable and
responsible supply chain
Talent experience
Public policy engagement
Sustainable operations
2024 GLOBAL IMPACT REPORT
55
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
SIGNIFICANT
MORE SIGNIFICANT
FUNDAMENTAL
Economy
Environment
Deloitte people
Society
List of material topics by significance and area of impact
2024 GLOBAL IMPACT REPORT
56
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Fundamental
• Board and corporate governance:
Respons
This document outlines Deloitte's FY2024 ESG reporting framework, which includes the Climate-Related Financial Disclosures report, Stakeholder Capitalism metrics, the GRI index, and an Environmental Performance Data Limited Assurance Report. The report is categorized into two areas: Fundamental topics, which cover board governance, economic performance, and ethics/integrity (including anti-corruption and compliance); and More Significant topics, which focus on climate change (managing greenhouse gas emissions and climate risks) and data privacy/cybersecurity (protecting client data and system integrity).
Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Fundamental
• Board and corporate governance:
Responsibility of the board of directors
and management to strategize and
respond to ESG matters. Includes
board structure and diversity, board
nomination process, frequency of
board membership changes, and skills,
experiences, and backgrounds of
board members.
• Economic performance: Generation
of revenue and the maintenance of
profitability, business continuity, and
market presence.
• Ethics and integrity: Commitment
to the highest standards of ethics
and business conduct, placing an
emphasis on professional integrity
and compliance, defined codes of
conduct and policies, risk assessment,
transparency, and compliance. This
topic includes reporting mechanisms,
anti-corruption measures, and anti-
retaliation policies.
More significant
• Climate change: The impacts of
greenhouse gas emissions generated
through operations and supply
chain activities. From a governance
perspective, this topic includes
management of climate risk, along
with strategies employed to identify
and act on physical and transition
risks presented by climate change.
This encompasses collaborating with
clients, alliance relationships, and
suppliers with the goal of reducing
carbon and ecosystem footprints.
• Data privacy and cybersecurity:
Maintaining the confidentiality,
integrity, and availability of the data
and information of Deloitte clients and
individuals through safe and secure
data collection practices, strong data
protection policies and procedures,
and measures designed to protect
Deloitte’s computers, technology, and
systems against unauthorized access
and maintain information integrity and
availability.
individuals through safe and secure
data collection practices, strong data
protection policies and procedures,
and measures designed to protect
Deloitte’s computers, technology, and
systems against unauthorized access
and maintain information integrity and
availability.
• Diversity, equity, and inclusion:
Creating a respectful and inclusive
culture for people and communities by
focusing on diversity in the workforce,
increasing gender representation,
furthering pay equity, advancing LGBT+
inclusion, and supporting mental
health.
• Health and well-being: Supporting
Deloitte people’s well-being by providing
programs, resources, and incentives
that enable informed decisions and
health; includes creating a culture that
promotes satisfaction and a safe, secure
work environment.
• Impact of client services: Services
provided by Deloitte to clients have
broader impacts on the economy,
environment, and people. This
topic focuses on the alignment of
stakeholders’ expectations and Deloitte’s
environmental and social strategies with
services delivered to clients.
• Nature and biodiversity: The impacts
on natural capital, such as deforestation
and biodiversity loss and ecosystem
destruction.
• Societal impact: Deloitte’s impact on
matters impacting society, including
education and skills opportunities,
response to humanitarian crises and
natural disasters, health equity and
pandemic response, and gender
equality; societal impact also includes
how Deloitte collaborates with local and
international nonprofit organizations,
provides volunteering and pro bono
services, and makes donations of cash
and in-kind goods.
• Sustainable and responsible supply
chain: Supply chain impacts related to
environmental and social aspects of
suppliers’ performance.
The 2024 Global Impact Report outlines Deloitte's commitment to social and environmental responsibility through several key areas: Community Support (volunteering, pro bono work, and donations), Sustainable Supply Chain (ensuring ethical practices regarding human rights, labor, and resources), Talent Experience (focusing on employee well-being, career growth, and purpose-driven work), Public Policy Engagement (managing regulatory involvement and political contributions), and Sustainable Operations (reducing environmental impact through energy, water, and waste management). This document serves as a reference for the metrics, reporting frameworks, and calculation methods used to measure these efforts, including GRI, TCFD, and independent assurance reports.
,
provides volunteering and pro bono
services, and makes donations of cash
and in-kind goods.
• Sustainable and responsible supply
chain: Supply chain impacts related to
environmental and social aspects of
suppliers’ performance. Human rights
impacts include but are not limited to
child labor, workplace rights, modern
slavery, rights of indigenous people,
conflict minerals, and equal access to
health and opportunity.
• Talent experience: Considers
the many aspects of the talent
experience including work-life balance,
compensation, benefits and recognition,
role satisfaction, career opportunity,
working conditions, advancement, and
learning and development; considers
how purpose-driven individuals can
expect to make an impact while working
at Deloitte.
Significant
• Public policy engagement: Regulatory
and public policy engagement,
development of public policy positions,
political contributions, and lobbying.
• Sustainable operations: The
environmental impacts associated
with operations including energy
consumption, resource consumption
(paper, plastics, recycled materials),
water use, and waste management.
Definitions of material topics
57
Basis of reporting
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
2024 GLOBAL IMPACT REPORT
58
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
This document provides additional
details about the scope and calculation
methods used in
This document serves as a supplement to Deloitte’s 2024 Global Impact Report, providing technical details on calculation methods and data scope. It includes the Financial Disclosures report, Stakeholder Capitalism metrics, the Global Reporting Initiative (GRI) index, and the FY2024 Environmental Performance Data Limited Assurance Report. The 2024 Global Report covers the period from June 1, 2023, to May 31, 2024, and follows GRI Standards to report on 'material topics'—the areas where Deloitte has the most significant impact on the economy, environment, and people. These topics are identified through periodic materiality assessments and feedback from stakeholders.
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
This document provides additional
details about the scope and calculation
methods used in the 2024 Global Impact
Report (the “Global Report”), available
at www.deloitte.com/GlobalReport.
It should be read in conjunction with
the Global Report; all definitions used
therein also apply to this document,
unless otherwise stated.
Defining Global Report content
Deloitte adheres to widely accepted
standards in developing the Global
Report. These standards define a
systematic approach to understanding
the areas that the Global Report should
cover and measuring and documenting
performance with regard to those areas.
The Global Report uses the Global
Reporting Initiative (GRI) Standards in
defining report content. The FY2024
Global Report, covering the period 1
June 2023 through 31 May 2024, has
been prepared in accordance with the
GRI Standards. Specific GRI Standards,
including the version used, are
referenced within the GRI Index.
The Global Report includes information
about Deloitte’s most significant impacts
on the economy, environment, and
people, including impacts on human
rights. In the GRI Standards these are
referred to as material topics.
To identify material topics, Deloitte
periodically conducts materiality
assessments, and seeks input from
Deloitte people who engage regularly
with key stakeholders, both internal
and external.
Deloitte identifies 'material topics' through periodic assessments, gathering input from staff who interact with key stakeholders. Stakeholders are defined as groups that are impacted by Deloitte, influence its success, affect capital markets, provide necessary resources, or regulate the industries in which Deloitte operates. For more information, see the 'Stakeholder engagement and materiality' section. Deloitte measures societal and environmental impact using recognized standards and data from internal systems (such as financial and time-tracking records) and external sources (such as travel agencies and utilities). In FY2024, Deloitte Global adopted the 'GreenLight Solution' as its primary system for managing this performance data, replacing previous methods. Regarding restatements, Deloitte will correct any material misstatement—defined as a variance of 5% or more of the global total for a specific subject—and provide an explanation for the update. For greenhouse gas emissions, this threshold applies separately to the sum of Scope 1 and 2 emissions and to Scope 3 emissions.
referred to as material topics.
To identify material topics, Deloitte
periodically conducts materiality
assessments, and seeks input from
Deloitte people who engage regularly
with key stakeholders, both internal
and external. Deloitte stakeholders are
defined as those groups that:
• are highly impacted by Deloitte
operations;
• influence Deloitte’s success;
• impact capital markets;
• affect the supply of resources needed
for Deloitte’s operations; and
• regulate environments and industries
in which Deloitte operates.
For details of the materiality
assessment, please refer to the
Stakeholder engagement and materiality
section herein.
Scope and methods for
performance measurements
Performance measures for societal impact
and environmental impact are based on
widely recognized standards, as described
in detail herein.
Data relied upon in reporting on
performance is obtained from financial
reporting systems, time-tracking systems,
accounts payable records, other internal
records, and outside sources such as travel
agencies, utilities, and property managers.
In FY2024, Deloitte Global implemented
the GreenLight Solution by Deloitte
as the primary system for managing
environmental and societal impact
performance data. GreenLight Solution
replaces the previous systems and
methods used to compile environmental
and societal impact information in prior
years.
Restatement Policy
A material misstatement is deemed to be a
variance of greater than or equal to 5% of
the global amount of the relevant impacted
subject matter. As it relates to greenhouse
gas (GHG) emissions, subject matter refers
to the sum of scope 1 and 2 emissions
and, separately, scope 3 GHG emissions.
The restatement will be accompanied with
an explanation as to why the data was
updated.
Deloitte updates its greenhouse gas (GHG) emissions data—covering Scopes 1, 2, and 3—for the baseline year and all subsequent years if significant changes occur due to new calculation methods, structural shifts, or improved data accuracy. These updates include an explanation for the changes. If accurate data for prior years is unavailable, Deloitte will either estimate the figures retrospectively or acknowledge the change in data source without restating the numbers. For societal impact reporting, Deloitte follows CECP and B4SI standards, estimating the monetary value of community activities based on the service provided. This reporting covers global initiatives, including the 'WorldClass' goal to empower 100 million people with education and skills by 2030, and is limited to Deloitte-led or facilitated programs.
) emissions, subject matter refers
to the sum of scope 1 and 2 emissions
and, separately, scope 3 GHG emissions.
The restatement will be accompanied with
an explanation as to why the data was
updated. This applies to the baseline year
and all subsequent reported years.
In instances where emissions become
materially misstated due to a change in
calculation methodology, a structural
change, or improvements in data accuracy,
Deloitte will update these figures in the
subsequent annual reporting, where
data allows. In some instances, more
accurate data inputs may not reasonably
be applied to, or available for, all prior
years. When this occurs, Deloitte estimates
the impacted data points retrospectively
without restating the figures, or
acknowledges the change in data source
without recalculation or restatement.
2024 GLOBAL IMPACT REPORT
59
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Societal impact reporting
For reporting on societal impact, Deloitte
considers the reporting standards from
the Chief Executives for Corporate
Purpose (CECP) and the Business for
Societal Impact (B4SI) framework. The
monetary value of community activities
is estimated according to the type of
service performed.
Societal impact reporting encompasses
Deloitte’s community actions globally,
including investments toward Deloitte’s
WorldClass ambition to empower 100
million people with access to education
and skills globally by 2030. The boundary
for societal impact reporting includes
only Deloitte-led or facilitated initiatives.
Deloitte aims to empower 100 million people globally with education and skills by 2030 through its WorldClass initiative. The company tracks its societal impact using the GreenLight Solution, which relies on direct data collection rather than estimates, covering only Deloitte-led or facilitated projects. Deloitte’s contributions include: 1) Donations: Monetary gifts from the firm, its foundations, and employees, as well as in-kind support like facilities and supplies. 2) Volunteer and Pro Bono Work: The value of this work is calculated using local market rates based on the specific service provided. This is categorized into: Traditional volunteering (time-based without professional skills), Skills-based volunteering (using professional skills for non-complex or non-billable tasks), and Pro bono work (professional services provided to nonprofits at no or significantly reduced cost that would typically be billable).
including investments toward Deloitte’s
WorldClass ambition to empower 100
million people with access to education
and skills globally by 2030. The boundary
for societal impact reporting includes
only Deloitte-led or facilitated initiatives.
Societal impact data is directly collected
from across the Deloitte network
using the GreenLight Solution; no
extrapolations are made in determining
reported amounts.
Donations
Donations include all monetary
donations by Deloitte firms and
Deloitte foundations to qualifying
organizations. Monetary donations
made by Deloitte people (to Deloitte-
supported organizations and as part
of Deloitte-sponsored fundraisers) are
also included, such as donations made
through workplace giving campaigns. In-
kind donations, including use of facilities,
provision of supplies, and equipment are
also included as donations.
Volunteer and pro bono work
The value of volunteer and pro bono
work by Deloitte people is captured and
quantified using applicable rates in the
local market, and is quantified based on
the type of volunteer or pro bono work
performed.
Traditional and skills-based volunteering
Traditional volunteering encompasses
volunteering activities that use
Deloitte peoples’ time but do not
require professional skills. Skills-based
volunteering includes volunteering
activities that use professional skills,
but are not services for which Deloitte
firms normally charge a fee and/or
volunteering that uses professional skills
but lacks the complexity, duration, or
practitioner commitment of a pro bono
project.
Pro bono
Pro bono time includes professional
service engagements performed at
no cost (pro bono) or significantly
reduced cost (low bono) to qualifying
organizations (e.g., nonprofits) that
Deloitte would normally bill a client for
performing.
Deloitte supports qualifying organizations, such as nonprofits, through pro bono (no cost) or low bono (reduced cost) professional services. The company also manages societal impact programs, covering both staff time and operational expenses necessary for their success. Deloitte’s 'WorldClass' initiative tracks the number of people helped by focusing on job skills, education, and opportunities for marginalized groups. To be included in Global Report metrics, these programs must show measurable, evidence-based impact, benefit external groups, and remain separate from paid client work. Regarding environmental impact, Deloitte collects performance data across its network using the 'GreenLight Solution.' When data is missing, the company uses extrapolations to estimate emissions, aggregating all activity into metric tonnes of carbon dioxide equivalent (CO2e).
professional
service engagements performed at
no cost (pro bono) or significantly
reduced cost (low bono) to qualifying
organizations (e.g., nonprofits) that
Deloitte would normally bill a client for
performing.
Program management
Management of societal impact programs
includes both staff costs and program
expenses incurred in delivering societal
impact programs, including volunteer and
pro bono work. These costs are included
because they are integral to successful
execution of the programs.
WorldClass programs
Deloitte reports the total number of
individuals reached through its WorldClass
programs and initiatives. These programs
focus on developing job skills, improving
educational outcomes, and providing
opportunities for individuals from
underrepresented and marginalized
groups around the world.
To be included in the Global Report
metrics, WorldClass program
reporting must:
• Have a measurable and evidence-
based impact that can be reasonably
attributable to Deloitte’s support and
investments;
• Impact the beneficiaries of the
organization delivering the program
and be external to Deloitte; and
• Not involve paid client work.
Environmental impact reporting
Environmental performance data in the
Global Report is directly collected from
across the Deloitte network using the
GreenLight Solution. Extrapolations are
used to account for known reporting gaps
where emissions data is not available.
Deloitte Global aggregates activity data for
the emission sources across all relevant
scopes and categories of emissions, and
these activities are converted to metric
tonnes of carbon dioxide equivalent
(CO2e).
Deloitte Global calculates its greenhouse gas (GHG) emissions in metric tonnes of carbon dioxide equivalent (CO2e) by aggregating activity data across all relevant scopes. These figures follow the GHG Protocol Corporate Accounting and Reporting Standard and the Corporate Value Chain (Scope 3) Standard, developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). For reporting purposes, Deloitte uses an 'operational control' boundary to consolidate data across its network. This approach is used solely to facilitate consistent, network-wide reporting, as the Deloitte network consists of legally independent firms rather than a single parent company or partnership. Deloitte Global does not hold actual operational control over the other member firms.
emissions data is not available.
Deloitte Global aggregates activity data for
the emission sources across all relevant
scopes and categories of emissions, and
these activities are converted to metric
tonnes of carbon dioxide equivalent
(CO2e).
GHG emissions figures are prepared
according to the GHG Protocol Corporate
Accounting and Reporting Standard
and the Corporate Value Chain (Scope
3) Accounting and Reporting Standard
created by the World Resources Institute
(WRI) and the World Business Council for
Sustainable Development (WBCSD), with
emissions accounted for on the basis of
operational control.
See endnotes
2024 GLOBAL IMPACT REPORT
60
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Deloitte uses the operational control
boundary for the limited purpose of GHG
emissions reporting because Deloitte
believes it is the most appropriate
standard to use under the GHG
Protocol given the network’s unique
structure and stakeholder demands for
aggregate, network-wide reporting. Each
Deloitte entity is a legally separate and
independent entity. The Deloitte network
is a global network of independent firms
and not a partnership or single firm.
Use of the operational control boundary
is strictly for GHG emissions reporting
purposes to facilitate network-wide
reporting. Deloitte Global is not a parent
company, does not have any subsidiaries
and does not have actual operational
control over the other members of the
Deloitte network.
Deloitte Global operates as a network of independent firms rather than a parent company with subsidiaries, meaning it lacks direct operational control over its members. For tracking greenhouse gas (GHG) emissions, Deloitte uses fiscal year 2019 (FY2019) as its baseline, as this period accurately reflects its business operations and reporting standards. This baseline is also used for its 2030 reduction goals, which are validated by the Science Based Targets initiative (SBTi) as 1.5°C-aligned. Starting in FY2024, Deloitte updated its methodology to include emissions from employee commuting and teleworking, which were identified as a material source. Due to data limitations, these figures are included in the inventory from FY2024 forward and have not been applied to previous years.
emissions reporting
purposes to facilitate network-wide
reporting. Deloitte Global is not a parent
company, does not have any subsidiaries
and does not have actual operational
control over the other members of the
Deloitte network.
Base year
Deloitte has established FY2019 as its
baseline year for use in tracking progress
toward GHG emission reduction goals
as it was determined to be sufficiently
representative of our business
operations with reporting practices
sufficiently evolved. Deloitte’s near-term
(2030) GHG reduction goals, validated by
the Science Based Targets initiative (SBTi)
as 1.5°C-aligned, science-based targets,
also use a FY2019 base year.
Changes in methodology in FY2024
Commuting and teleworking
Deloitte reviewed its scope 3
emissions category screening in
FY2023 and identified scope 3,
category 7 – commuting (including
optional emissions from teleworking)
as a material source of emissions.
Accordingly, in FY2024, Deloitte
developed a methodology to calculate
emissions from commuting and
teleworking, and includes emissions
from this source in GHG emission
totals as of FY2024. Further details on
the methodology are provided in the
“Commuting and teleworking” section.
Due to data limitations, data is included
in the emissions inventory from FY2024
onward and has not been retroactively
included in prior years’ data.
Starting in FY2024, Deloitte updated how it tracks emissions from contingent labor (non-employee staff). Previously, Deloitte used a spend-based method that likely overestimated emissions. To improve accuracy, the company now uses direct activity data for major sources, including business travel, commuting, teleworking, office space usage, and technology use. These emissions are now reported within their specific categories (Scope 1, 2, and 3) rather than as a separate contingent labor figure. Due to these changes, this new reporting method applies only to FY2024 and beyond and has not been applied to prior years.
are provided in the
“Commuting and teleworking” section.
Due to data limitations, data is included
in the emissions inventory from FY2024
onward and has not been retroactively
included in prior years’ data.
Emissions from contingent labor1
(i.e., non-employee staff)
In FY2023, more than 25% of Deloitte’s
purchased goods and services (PG&S)
emissions were derived from the use
of contingent labor, as calculated using
the existing PG&S methodology which
applied a spend-based emission factor
to the contingent labor spend. Based
on further analysis of this category,
Deloitte determined the spend-based
approach likely overestimated the
attributable emissions and in FY2024
Deloitte transitioned toward obtaining
direct data for the most significant
sources of emissions for contingent
labor. Based on FY2024 analysis, these
sources were determined to be:
• Business travel;
• Commuting and teleworking;
• Use of office space (historically
included in scope 1 and 2 emissions
reporting); and
• Use of technology (historically
included in scope 3, category 1 –
PG&S emissions reporting).
Based on the revised methodology, the
FY2024 activity-based emissions from
contingent labor have been included
in their respective emission categories:
scope 3, category 6 – business travel
and scope 3, category 7 – commuting
and teleworking, respectively. No
additional adjustments have been made
with respect to the use of office space
or technology as these emissions are
captured in emissions totals for scope 1
and 2 and scope 3, category 1 – PG&S,
respectively, consistent with historical
reporting.
Deloitte Global has updated its methodology for calculating emissions related to office space and technology, as these are now captured under Scope 1, 2, and Scope 3 (Category 1 – Purchased Goods & Services). Due to improved data granularity, this change cannot be applied to past reports, but year-over-year impacts are detailed in the performance metrics table. Additionally, Deloitte improved its process for identifying non-emission-generating spend (such as taxes and intercompany transactions) within its Purchased Goods & Services (PG&S) calculations, leading to more accurate exclusions in FY2024. The report also clarifies that fleet-related greenhouse gas emissions include all vehicles owned or leased under Deloitte’s operational control.
to the use of office space
or technology as these emissions are
captured in emissions totals for scope 1
and 2 and scope 3, category 1 – PG&S,
respectively, consistent with historical
reporting. This methodology change
is possible due to improvements in
data granularity, and therefore cannot
be applied retrospectively. Further
information on the year-over-year
emissions decreases resulting from this
change are included in the performance
metrics table.
Identification of exclusions for PG&S
methodology
As described in the “Purchased goods
and services (PG&S) emissions sources”
section, Deloitte Global’s methodology
uses supplier spend to calculate emissions
from PG&S. Prior to performing the
calculation, certain spend items that are
deemed non-emission generating (e.g.,
taxes, intercompany transactions, etc.) are
excluded from the source data. In FY2024,
Deloitte improved the methodology to
apply these exclusions, resulting in an
increase in non-emission generating spend
identified and excluded from calculations.
Further information on the year-over-year
emissions decreases resulting from this
change are included in the performance
metrics table.
2024 GLOBAL IMPACT REPORT
61
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Scope 1 and 2 emissions
Fleet-related emission sources
Fleet-related GHG emissions include
emissions associated with Deloitte-
owned or leased vehicles under Deloitte
operational control.
In the FY2024 Limited Assurance Report, Deloitte outlines its Scope 1 and 2 greenhouse gas emissions. Fleet emissions cover all Deloitte-owned or leased vehicles used for business, personal, or operational purposes. Building emissions include energy consumption (electricity, heating, cooling, and natural gas) from offices and data centers under Deloitte's control. Deloitte calculates these building emissions using direct meter readings where available. If meter data is missing, consumption is estimated based on the percentage of floor space occupied or by using data from similar facilities. For backup power, Deloitte assumes all diesel fuel purchased within the fiscal year is consumed during that same year.
Limited Assurance Report FY2024
Scope 1 and 2 emissions
Fleet-related emission sources
Fleet-related GHG emissions include
emissions associated with Deloitte-
owned or leased vehicles under Deloitte
operational control. This includes those
owned and leased vehicles provided
to Deloitte people for business-related
transportation and personal use
(where applicable), on-site vehicles
for organization use, security vehicles
and other vehicles used for Deloitte
operations and business activities.
Building-related emission sources
Building-related emission sources are
those associated with the consumption
of purchased electricity, district heating
and cooling, heating oil, natural gas, and
fuels in the office buildings and data
centers that Deloitte either owns or has
under its operational control. Deloitte
does not participate in the sale or re-sale
of any purchased energy sources.
Some of the activity data associated
with building-related emission sources
is available directly to Deloitte. For
example, some facilities have direct
utility meters or sub-meters from which
Deloitte obtains consumption readings.
For leased or owned facilities that have
no available meter data, activity data for
the entire building is typically allocated
on the basis of the percentage of total
building floor space (based on rentable
square meters) in Deloitte’s operational
control. Where building-specific data is
unavailable, Deloitte estimates energy
consumption using actual data from a
similar building, by using the most recent
data available for such building or an
average from a recognized source.
A simplifying assumption is used for
calculating the volume of diesel fuel
used for backup power generation. It
is assumed that diesel fuel purchased
during the fiscal year is used during
that fiscal year.
To calculate diesel fuel emissions for backup power, Deloitte assumes all fuel purchased in a fiscal year is consumed that same year. While this may cause annual fluctuations, it provides an accurate long-term average. Regarding Scope 3 emissions, Deloitte groups several categories into a single 'Purchased Goods and Services' (PG&S) figure because their current methodology cannot yet separate them. This PG&S total includes Category 1 (upstream emissions from goods and services purchased during the year) and Category 2 (upstream emissions from capital goods, which Deloitte purchases in limited amounts). These figures are calculated using a mix of specific supplier data and broad spending estimates, resulting in a high level of uncertainty.
average from a recognized source.
A simplifying assumption is used for
calculating the volume of diesel fuel
used for backup power generation. It
is assumed that diesel fuel purchased
during the fiscal year is used during
that fiscal year. This method likely
overestimates actual emissions in some
years and underestimates them in others
but, over time, captures the related
emissions.
Scope 3 emissions
Purchased goods and services (PG&S)
emission sources
Deloitte includes multiple categories
of upstream scope 3 emissions in
the total amount reported as PG&S
emissions. Scope 3 PG&S emissions are
calculated using data collected from
select suppliers, combined with broad
estimations of emissions per amount
spent by purchasing category. As such,
the uncertainty around these reported
emissions is high.
Deloitte’s methodology for quantifying
value chain emissions does not
currently allow for the segregation of
certain emission sources into the distinct
categories of scope 3. As such, multiple
scope 3 emission categories are combined
into a single reported number that is
collectively referred to as PG&S. The
categories comprising the reported PG&S
number include:
• Category 1: Purchased goods and
services – upstream (cradle-to-gate)
emissions from the production of
products purchased by Deloitte in the
reporting year. Products include both
goods (tangible products) and services
(intangible products).
• Category 2: Capital goods – upstream
(cradle-to-gate) emissions from the
production of capital goods purchased
or acquired by Deloitte in the reporting
year. Deloitte purchases a limited
amount of capital goods.
Deloitte calculates its Scope 3 emissions across three specific categories: Category 2 (Capital goods), which covers the production of purchased goods; Category 4 (Upstream transportation and distribution), which covers emissions from third-party logistics; and Category 8 (Upstream leased assets), which covers maintenance and repairs of leased spaces, excluding construction and daily operational energy. To calculate these, Deloitte uses a three-tier system: Tier 1 uses direct data from suppliers; Tier 2 uses industry averages based on spending when supplier data is unavailable; and Tier 3 uses an average per-employee (FTE) estimate for areas where spending data is missing. Tier 3 estimates accounted for 23% of total reported emissions in FY2024.
Category 2: Capital goods – upstream
(cradle-to-gate) emissions from the
production of capital goods purchased
or acquired by Deloitte in the reporting
year. Deloitte purchases a limited
amount of capital goods.
• Category 4: Upstream transportation
and distribution – upstream emissions
from transportation and distribution
include the scope 1 and scope 2
emissions of third-party transportation
companies.
• Category 8: Upstream leased assets
– emissions associated with in-
use embodied carbon, including
maintenance, repair, and retrofit
measures during the fiscal year. Note
this excludes build-phase embodied
carbon (emissions from construction)
of leased buildings and operational
emissions from leased assets (included
in Deloitte’s scope 1 and scope 2
emissions).
These emissions have been calculated
using a tiered approach:
• Tier 1: Where primary emission
intensity data is available directly from
Deloitte suppliers (obtained through
CDP Supply Chain program or directly
from a supplier), this primary data
is used to calculate Deloitte’s PG&S
emissions.
• Tier 2: Where no supplier data is
available, average industry emissions
factors (obtained through CDP Supply
Chain program) are used to estimate
Deloitte’s emissions (representing
secondary data according to the GHG
Protocol, scope 3 Technical Guidance)
using a spend-based approach.
• Tier 3: In limited portions of the
Deloitte network where spend data is
not currently available, emissions are
estimated based on an average per
FTE figure, as calculated using Tier 1 or
Tier 2 approaches. These estimations
represent approximately 23% of total
PG&S emission reported in FY2024.
In its FY2024 Global Impact Report, Deloitte explains that its Purchased Goods & Services (PG&S) emissions are calculated using an environmentally extended input-output (EEIO) model, which estimates greenhouse gas emissions from supply chain activities based on spending. For cases where specific data is unavailable, emissions are estimated using an average per full-time equivalent (FTE) employee, accounting for approximately 23% of total reported PG&S emissions. Deloitte notes that this spend-based approach involves various assumptions and carries a higher degree of uncertainty compared to product-level calculations. To improve accuracy, the firm regularly reviews its methodology and is actively working to incorporate more precise, product-level emission data.
available, emissions are
estimated based on an average per
FTE figure, as calculated using Tier 1 or
Tier 2 approaches. These estimations
represent approximately 23% of total
PG&S emission reported in FY2024.
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Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
PG&S calculations are based on the
environmentally extended input output
(EEIO) model which estimates GHG
emissions resulting from the production
and upstream supply chain activities of
different sectors and products/services in
an economy. The EEIO emissions factors
are used to estimate cradle-to-gate GHG
emissions for categories of spend.
Currently, all PG&S calculations utilize
a spend-based approach. Deloitte
acknowledges that spend-based
calculations have a higher degree
of uncertainty than product-level
calculations. A number of assumptions
are applied to the spend data, including
how spend is allocated into procurement
categories, how suppliers’ reported
emission intensity figures are treated,
the CDP sector emission factors
applied to each spend category, and
the extrapolation factors used. Deloitte
continually reviews the approach to
reduce the risks inherent in these
assumptions and the impacts of year-on-
year fluctuations.
Deloitte continuously seeks opportunities
to incorporate additional product-
level data (e.g., cradle-to-gate GHG
emissions for the product of interest)
in its PG&S calculations.
Deloitte is working to improve its greenhouse gas (GHG) reporting by incorporating more product-level data into its Purchased Goods and Services (PG&S) calculations as data quality improves. For Category 6 (Business Travel), emissions are calculated based on travel activity. This includes flights taken by Deloitte employees for business, as well as flights for non-employees (such as prospective hires or family members) that are booked through Deloitte systems and paid for by the firm. Air travel emissions are calculated using data from travel systems and expense records, applying emission factors from the UK Department for Energy, Security and Net Zero (DESNZ). These calculations include an uplift factor for indirect routes and delays. While standard reporting excludes radiative forcing and focuses on tank-to-wake emissions, full life cycle emissions (including well-to-tank) and radiative forcing figures are provided separately in the performance metrics table.
the impacts of year-on-
year fluctuations.
Deloitte continuously seeks opportunities
to incorporate additional product-
level data (e.g., cradle-to-gate GHG
emissions for the product of interest)
in its PG&S calculations. As availability
of such data increases and its quality
matures, Deloitte anticipates moving
toward product-level calculations for key
categories of goods and services.
Category 6: Business travel
Deloitte emissions from business travel
are calculated based on the type of
travel activity undertaken.
Air travel
Reported GHG emissions from air travel
are those resulting from Deloitte people
flying for business reasons in accordance
with Deloitte policies. GHG emissions
from flights taken by non-Deloitte
people are also reported in instances
where flight activity data are captured in
Deloitte travel systems and reimbursed
or paid for by Deloitte (e.g., travel by
family members in accordance with
policies, travel by prospective Deloitte
people, etc.).
Business air travel data is obtained
from Deloitte travel systems and travel
expense records. The UK Department for
Energy, Security and Net Zero (DESNZ)
emission factors used incorporate an
uplift factor to account for non-direct
routes, delays, and circling. Business air
travel and total emissions are exclusive
of radiative forcing; however, air travel
emissions inclusive of radiative forcing
are included in the footnotes to the
performance metrics table. Business air
travel and total emissions are calculated
using tank-to-wake emissions; however,
full life cycle air travel emissions (inclusive
of well-to-tank emissions) are calculated
and presented as a separate section in the
performance metrics table.
Air travel is reported using a hierarchy of
three available methods:
1.
The 2024 Global Impact Report outlines how Deloitte calculates business travel emissions. Air travel emissions include the full life cycle (well-to-tank) and are reported in the performance metrics table using one of three mutually exclusive methods: 1) Haul and class (most accurate), 2) Class only (if distance is unknown), or 3) Average class (the most conservative estimate if both are unknown). Ground transportation emissions cover reimbursed personal driving, rental cars, buses, and taxis. This data is collected from various sources, including expense reports, rental and travel agency records, accounting systems, and fuel or odometer logs.
however,
full life cycle air travel emissions (inclusive
of well-to-tank emissions) are calculated
and presented as a separate section in the
performance metrics table.
Air travel is reported using a hierarchy of
three available methods:
1. Reporting by haul (distance) and class:
Used when data is available. Accounts
for both distance traveled and the class
of travel.
2. Reporting by class only (haul/distance
unknown): Used when the class of
travel is available, but distance of flight
segment is not known.
3. Reporting by average class: Used when
both haul/distance and class of travel
are unknown. This applies the most
conservative (highest) emission factor
of the three methods.
To avoid double counting of activity data,
these methods are mutually exclusive.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Ground transportation
Reported GHG emissions from Deloitte
business travel by automobiles includes
reimbursed driving (Deloitte people
driving in personal cars for which they
are reimbursed), rental cars (Deloitte
people driving in rented/hired cars for
which Deloitte pays), and buses and
taxis (reimbursed personnel trips in
buses, taxis, car service, car sharing and
limousines).
For road travel, activity data is gathered
from expense reports, rental agency
reports, travel agency reports, Deloitte
accounting systems, fuel receipts,
odometer logs and receipts or other
records indicating distance and
location of trip segments.
Deloitte calculates greenhouse gas (GHG) emissions for business travel, rail, and accommodations using various internal records, including expense reports, travel agency data, and receipts. For road travel, emissions are calculated using fuel consumption data, distance traveled, or cost-based estimates if distance is unknown. Rail emissions cover subways, trains, and trams, with specific factors applied to each; if distance data is missing, it is estimated using travel costs. For accommodations, emissions are based on hotel, guesthouse, or apartment stays. Deloitte applies country-specific emission factors when the location is known, or a weighted-average global factor if the location is unavailable.
travel, activity data is gathered
from expense reports, rental agency
reports, travel agency reports, Deloitte
accounting systems, fuel receipts,
odometer logs and receipts or other
records indicating distance and
location of trip segments. When fuel
consumption is available, GHG emissions
are calculated on the basis of mobile
combustion factors for the given fuel
type. When only distance information is
available, GHG emissions are calculated
on the basis of average emissions factors
(emissions per distance traveled) for
vehicles according to vehicle type (bus or
car), fuel type (diesel, petrol, conventional
hybrid or unknown) and location.
When only cost is available, distance is
estimated based on an average cost per
distance traveled.
Rail
Rail travel accounts for GHG emissions
from trips by Deloitte people on subways,
railways, and trams, with different GHG
emission factors used for each type of
rail system.
Activity data sources include travel
agency reports, travel expense reports,
Deloitte accounting systems, receipts and
other records indicating the distance and
location of trip segments. In cases where
actual distance is unavailable, estimates
are made using travel expense data and
average travel costs per unit of distance
traveled.
Accommodations
The GHG emissions inventory in
the report includes emissions from
accommodations at hotels, guesthouses,
and apartments for business reasons
and in accordance with Deloitte policies.
Data is collected from travel agency
reports, travel expense reports, and
other internal records. Where the
country of accommodation is known,
a country-specific emission factor is
applied. In instances where the country
of accommodation is not known, a
weighted-average global emission factor
is applied.
For accommodation emissions, we use country-specific factors when the location is known, or a global weighted-average factor when it is not. Category 7 covers commuting and teleworking. Commuting includes travel by Deloitte employees and contingent labor to offices or client sites, excluding reimbursed business travel (which falls under Category 6). Teleworking covers energy used by staff working from home, including technology devices and additional household heating, cooling, and lighting. We calculate these emissions primarily using office badging data, travel reports, and employee surveys to track work patterns and transit methods. If primary data is unavailable, we estimate emissions using local working patterns, census data, and energy agency statistics.
, and
other internal records. Where the
country of accommodation is known,
a country-specific emission factor is
applied. In instances where the country
of accommodation is not known, a
weighted-average global emission factor
is applied.
Category 7: Commuting and teleworking
Commuting represents the GHG emissions
from Deloitte people and Deloitte
contingent labor traveling to Deloitte
offices or local client sites. It does not
include any reimbursed business travel, as
this is accounted for in scope 3, category
6 – business travel. Teleworking represents
the energy used by Deloitte people and
Deloitte contingent labor who are not in
local offices or client sites and who are
not traveling. This includes the energy
required for technology devices such as
monitors, laptops, and smartphones, and
the incremental household energy used for
lighting, heating, and cooling.
Primary activity data, where available, is
used to inform commuting and teleworking
calculations. This includes the use of
office badging data and travel expense
reports to determine the number of days
Deloitte people and Deloitte contingent
labor have commuted to an office or local
client site, worked from home, or traveled
to remote worksites. Surveys are also
used to determine commuting and home-
working trends applicable to Deloitte (e.g.,
the frequency of travel to offices vs. client
sites, the methods of transit used, the
number of devices used when teleworking,
etc.). Where primary data is not available,
estimates are made using local working
patterns and publicly available datasets
such as census data, device energy data,
energy agency data, and other sources as
deemed appropriate.
For FY2024, emissions data for commuting and teleworking are estimates based on local work patterns, census data, device energy usage, and energy agency reports, as primary data was unavailable. Due to this being the first year of reporting these categories, the uncertainty of these figures is high. Regarding aviation, the International Civil Aviation Organization (ICAO) defines Sustainable Aviation Fuel (SAF) as renewable or waste-derived fuel made from sources like used cooking oil, agricultural residues, or municipal waste. The Science Based Targets initiative recognizes SAF as a valid method to reduce climate impact. Environmental benefits are achieved by replacing conventional jet fuel with SAF that meets CORSIA and RSB sustainability standards. These benefits are tracked and transferred via Sustainable Aviation Fuel certificates (SAFc), which represent the environmental attributes of one metric ton of unblended SAF, similar to renewable electricity certificates.
working,
etc.). Where primary data is not available,
estimates are made using local working
patterns and publicly available datasets
such as census data, device energy data,
energy agency data, and other sources as
deemed appropriate.
As FY2024 is the first year including
emissions from commuting and
teleworking, the uncertainty of these
emissions amounts is considered high.
See endnotes
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Value chain mitigation
Sustainable aviation fuel
The International Civil Aviation
Organization (ICAO) defines SAF as
renewable or waste-derived aviation fuels
that meet sustainability criteria2. SAF is
produced from sustainable feedstocks
including waste materials, such as used
cooking oil, agricultural residues, and
municipal solid waste, or potentially
from purpose grown crops. SAF use is
recognized by the Science Based Targets
initiative3 as a valid climate change
mitigation action. SAF environmental
benefits refer to emissions avoided
from the voluntary use of alternative
aviation fuels (compliant with Carbon
Offsetting and Reduction Scheme for
International Aviation [CORSIA] and
Roundtable on Sustainable Biomaterials
[RSB] sustainability requirements) as an
alternative to conventional jet fuel.
SAF environmental benefits are captured
and transferred through the use of
Sustainable Aviation Fuel certificates
(SAFc). Similar to a renewable electricity
certificate or guarantee of origin in the
production of renewable electricity,
a SAFc represents the environmental
attributes of a metric ton of neat (i.e.
unblended) SAF.
A Sustainable Aviation Fuel certificate (SAFc) represents the environmental benefits of one metric ton of unblended sustainable fuel. These certificates can be sold either with the physical fuel or separately. Each SAFc allows two parties to claim emissions reductions: an air transport provider (for Scope 1 emissions) and an aviation service user, such as Deloitte (for Scope 3 emissions). Since the GHG Protocol lacks specific reporting guidance for SAF, Deloitte tracks these purchases in a separate section of its performance metrics. Because SAF is managed through a 'book and claim' system that separates environmental attributes from the physical fuel, Deloitte advocates for better tracking and registry standards to ensure transparency. By reporting these purchases, Deloitte aims to demonstrate how companies can incorporate SAFc into their environmental disclosures.
(SAFc). Similar to a renewable electricity
certificate or guarantee of origin in the
production of renewable electricity,
a SAFc represents the environmental
attributes of a metric ton of neat (i.e.
unblended) SAF. SAFc can be either
bundled with the physical fuel or
unbundled from it. When unbundled
from the physical fuel volume, SAFc
can be sold and claimed separately.
Each SAFc has at least two intimately
connected claims—one that can be made
by an air transport provider in relation
to the provider’s scope 1 emissions, and
another that can be claimed by a user
of aviation services (such as Deloitte) in
relation to the user’s scope 3 emissions.
Deloitte started investing in and
reporting on SAF in FY2021 and includes
SAF amounts in a separate section of
the performance metrics table, as the
GHG Protocol does not currently provide
guidance for reporting on SAF within
scopes 1, 2 or 3. Deloitte recognizes that
the GHG Protocol guidance for similar
instruments requires traceability that is
not currently possible as SAF is managed
through a “book and claim” system which
enables decoupling of environmental
attributes from the physical fuel and
provides separate tracking mechanisms
for both. Deloitte supports efforts to
develop and standardize robust physical
tracking mechanisms and associated
registries to retire certificates to improve
traceability of SAF. Including SAFc
purchases in the Performance Metrics
Table allows us to share with others an
example of how SAFc can be included in
corporate environmental reporting.
Deloitte improves the traceability of Sustainable Aviation Fuel (SAF) by retiring certificates through associated registries and including SAF certificate (SAFc) purchases in its Performance Metrics Table to demonstrate corporate reporting standards. Deloitte’s reporting follows the November 2022 Sustainable Aviation Buyer’s Alliance framework and the October 2022 World Economic Forum guidelines. The company calculates jet fuel emissions using a distance-based methodology for both well-to-tank and tank-to-wake impacts, sourcing SAF carbon intensity data directly from suppliers. Currently, Deloitte does not consider SAF blending mandates in specific jurisdictions to have a material impact on its reported emissions, though it expects to include these reductions as reporting methodologies evolve. Additionally, Deloitte’s environmental reporting is based on a FY2021 materiality assessment conducted under GRI 3 standards, which excludes certain emission categories deemed immaterial to its operations.
associated
registries to retire certificates to improve
traceability of SAF. Including SAFc
purchases in the Performance Metrics
Table allows us to share with others an
example of how SAFc can be included in
corporate environmental reporting.
Deloitte’s approach to reporting
SAFc is informed by the Sustainability
Framework for Sustainable Aviation
Fuel (SAF) published by the Sustainable
Aviation Buyer’s Alliance in November
2022 and Sustainable Aviation Fuel
Certificate (SAFc) Emissions Accounting
and Reporting Guidelines published by
the World Economic Forum in October
2022. Deloitte uses a distance-based
methodology to calculate jet fuel
emissions for both well-to-tank and
tank-to-wake emissions. SAF emissions
values are sourced from supplier
reports indicating carbon intensity
values relative to conventional jet fuel.
Deloitte’s purchase of airline tickets
in jurisdictions where SAF blending
mandates are present are not considered
to have a material impact on reported
emissions. In the future, Deloitte expects
the methodology to mature to allow the
reporting of emission reductions from
SAF blending mandates in jurisdictions
where Deloitte travels.
2024 GLOBAL IMPACT REPORT
65
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Omitted emission sources
Deloitte’s most recent materiality
assessment was conducted in FY2021 in
accordance with GRI 3: Material Topics
2021. Due to the nature of Deloitte
operations and based on the most
recent materiality assessment, certain
categories of emissions are not included
in Deloitte’s environmental reporting.
In accordance with GRI 3: Material Topics 2021, Deloitte excludes certain emission categories from its environmental reporting because they are either immaterial or irrelevant to its business operations. Excluded Scope 1 emissions include fugitive refrigerant emissions and biogenic emissions. Excluded Scope 3 emissions include fuel and energy-related upstream activities (Category 3) and operational waste (Category 5). Regarding greenhouse gas (GHG) inventory uncertainty, Deloitte focuses on parameter uncertainty, using professional judgment to categorize data reliability. Low uncertainty applies to fleet, building energy, air travel, accommodations, and mileage. Medium uncertainty applies to public transit, taxis, and car services. High uncertainty applies to purchased goods, services, commuting, teleworking, and downstream transportation, the latter of which is not part of Deloitte’s business model.
with GRI 3: Material Topics
2021. Due to the nature of Deloitte
operations and based on the most
recent materiality assessment, certain
categories of emissions are not included
in Deloitte’s environmental reporting.
These include:
Scope 1
• Fugitive emissions: Refrigerants
– source was quantified and
determined to be immaterial to total
emissions.
• Biogenic emissions: source is not
relevant to Deloitte given our line of
business and the major sources of
fuel used in Deloitte operations.
Scope 3
• Category 3: Fuel and energy related
activities – upstream emissions
associated with extraction,
production or transportation of fuels
and electricity was quantified and
determined to be immaterial to total
emissions.
• Category 5: Waste generated in
operations – source was quantified
and determined to be immaterial to
total emissions.
Uncertainty
Uncertainties associated with
GHG inventories include scientific
uncertainties, model uncertainty and
parameter uncertainty. Scientific and
model uncertainties are beyond the
scope typically undertaken by individual
companies and are not considered in
Deloitte’s analysis which has focused on
parameter uncertainty. Deloitte uses
professional judgment to assign activity
and emission uncertainty.
Low:
• Owned and leased fleet
• Building fuel, electricity, and district
heating and cooling
• Air travel
• Accommodations
• Mileage reimbursement
Medium:
• Taxis
• Subway, railways, and trams
• Buses
• Car rentals
• Car services
High:
• Purchased goods and services
• Commuting and teleworking
• Category 9: Downstream
transportation & distribution –
Deloitte’s business does not include
transportation or distribution of
physical
In its 2024 Global Impact Report, Deloitte outlines its environmental performance and progress toward WorldClimate goals, including 2030 science-based targets and participation in the EV100 and RE100 campaigns. Regarding greenhouse gas emissions, Deloitte identifies 'Purchased goods and services' and 'Commuting and teleworking' as high-impact areas. The firm notes that categories 9 through 15—covering downstream transportation, product processing, use, end-of-life treatment, leased assets, franchises, and investments—are either not applicable or not significant to its business model, as Deloitte does not produce or distribute physical goods.
High:
• Purchased goods and services
• Commuting and teleworking
• Category 9: Downstream
transportation & distribution –
Deloitte’s business does not include
transportation or distribution of
physical products.
• Category 10: Processing of sold
products – Deloitte’s business does
not include processing of physical
products.
• Category 11: Use of sold products –
Deloitte’s business does not include
sale of physical products.
• Category 12: End-of-life treatment
of sold products – Deloitte’s
business does not include end-of-life
treatment of physical products.
• Category 13: Downstream leased
assets – Deloitte does not have
significant downstream leased assets
under operational control.
• Category 14: Franchises – Deloitte
does not have franchises.
• Category 15: Investments – not
relevant given the nature of Deloitte’s
business.
2024 GLOBAL IMPACT REPORT
66
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Non-GHG environmental metrics
Deloitte publicly discloses progress toward WorldClimate goals, including Deloitte’s near-term (2030) science-based targets and the Climate
Group’s EV100 and RE100 campaigns. Unless otherwise stated, all GHG emissions figures are prepared as described in the ‘Environmental
Impact Reporting’ section within this document.
Deloitte tracks its environmental progress against 2030 science-based targets and the Climate Group’s EV100 and RE100 initiatives. Greenhouse gas emissions are calculated as detailed in the 'Environmental Impact Reporting' section of this report. Other environmental metrics follow specific methodologies: For renewable electricity (RE100), Deloitte uses energy attribute certificates and direct contracts. While the firm aims to follow RE100 and GRI 302 standards, it sometimes procures energy from neighboring countries where local options are unavailable. This may cause minor reporting differences compared to official RE100 filings, though Deloitte expects to improve alignment as renewable markets grow. For fleet vehicles (EV100), categorization follows the Climate Group’s official global definitions.
te’s near-term (2030) science-based targets and the Climate
Group’s EV100 and RE100 campaigns. Unless otherwise stated, all GHG emissions figures are prepared as described in the ‘Environmental
Impact Reporting’ section within this document.
Non-GHG environmental metrics published in the Global Impact Report are calculated according to each indicator’s respective
methodology:
Indicator
Methodology
Percentage of renewable
electricity in buildings
(supporting RE100
commitment)
As described in the ‘Emission factors’ section of this document, renewable energy includes contractual instruments for the sale and purchase of bundled or
unbundled renewable energy, including procurement through energy attribute certificates (RECs, GOs, etc.) or direct contracts (for both low-carbon, renewable,
or fossil fuel generation).
Where possible, Deloitte entities procure and claim renewable electricity in accordance with the Climate Group’s RE100 Technical Criteria and Global Reporting
Initiative (GRI) topic standard GRI 302: Energy 2016.
In certain markets where procuring renewable electricity is challenging or not possible, Deloitte entities may procure renewable electricity from a neighboring
country. This enables Deloitte to demonstrate commitment to our renewable electricity target, and signal market demand. As this approach meets only one out
of three market boundary conditions included in the RE100 Technical Criteria, there may be variances between renewable electricity amounts reported in the
Global Impact Report and within RE100 reports. Deloitte anticipates increasing the alignment with RE100 Technical Criteria over time as market availability of
renewable energy increases.
Percentage of hybrid
and electric vehicles
in the network’s fleet
(supporting EV100
commitment)
Categorization of fleet vehicles is prepared in accordance with definitions established by the Climate Group’s EV100 global initiative definitions.
This report outlines key environmental metrics for the 2024 Global Impact Report. First, the percentage of hybrid and electric vehicles in the fleet is measured according to the Climate Group’s EV100 initiative. Second, supplier adoption of science-based targets is tracked via the Science Based Targets initiative (SBTi); suppliers are only counted if their targets are independently validated. In cases where emissions are estimated based on spending or full-time employees (FTE), the supplier adoption rate is conservatively assumed to be zero. Finally, to address data gaps in emissions reporting, Deloitte uses estimations and extrapolations, particularly for travel activities where data is gathered from both travel providers and internal expense systems.
energy increases.
Percentage of hybrid
and electric vehicles
in the network’s fleet
(supporting EV100
commitment)
Categorization of fleet vehicles is prepared in accordance with definitions established by the Climate Group’s EV100 global initiative definitions.
Percentage of suppliers
with set near-term
science-based targets
Supplier adoption of science-based targets is tracked using data publicly available from the Science Based Targets initiative. Suppliers are considered to have
adopted a science-based target if their near-term target status is listed as ‘targets set,’ indicating their target has been independently validated by the SBTi.
In limited instances, Deloitte extrapolates PG&S emissions on a per FTE basis, thereby limiting visibility into the emissions attributable to specific suppliers. In
such instances, the portion of suppliers that have adopted science-based targets is assumed to be zero, as this provides the most conservative figure. Deloitte
acknowledges that the inherent uncertainty of spend-based PG&S emissions calculations also impacts the percentage of suppliers (by emissions) that are
calculated to have set near-term science-based targets in each reporting year.
2024 GLOBAL IMPACT REPORT
67
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Estimations
In calculating emissions, various
estimations and extrapolations are made
to account for known data gaps.
For many travel activities, activity
information and cost data are available
both from travel providers (reservation
systems, travel agencies or travel
vendors) and from Deloitte expense
systems.
To address data gaps, Deloitte reconciles travel activity and cost data from both travel providers and internal expense systems. When internal expenses are higher due to bookings made outside standard systems, the missing activity data is estimated using the cost-to-activity ratio found in official reservations. For emissions reporting, the system uses standard factors from the IEA, UK Department for Energy Security and Net Zero, US EPA, US Green-e, AIB, Australia NGA, and Canada NIR. Emissions of CO2, CH4, and N2O are measured in tonnes of carbon dioxide equivalent (CO2e). Electricity emissions are calculated using both location-based and market-based methods, following the GHG Protocol Scope 2 Guidance.
are made
to account for known data gaps.
For many travel activities, activity
information and cost data are available
both from travel providers (reservation
systems, travel agencies or travel
vendors) and from Deloitte expense
systems. Travel expenses recorded
in Deloitte expense systems often
exceed the corresponding expenses
recorded by travel providers because
of travel arrangements made outside
of reservation systems or without travel
agencies. In cases where such differences
are identified, the travel activity data
associated with the incremental cost is
estimated based on the same proportion
of cost-to-activity that is reflected by the
travel system reservations.
Emission factors
The software system used for reporting
emissions incorporates standard
emission factors. The majority of
emission factors in use are obtained
from the following sources:
• The International Energy Agency (IEA);
• The UK Department for Energy
Security and Net Zero, formerly the
Department for Business, Energy &
Industrial Strategy (BEIS);
• The US Environmental Protection
Agency (US EPA);
• The US Green-e Residual Mix
Emission Rate Tables;
• Association of Issuing Bodies (AIB)
European Residual Mixes;
• The Australia National Greenhouse
Accounts (NGA) factors; and
• The Canada National Inventory
Report (NIR)
Greenhouse gases quantified for the
various emission sources include CO2,
CH4 and N2O, each expressed in tonnes
of carbon dioxide equivalent (CO2e).
Location- and market-based electricity
emission factors
Emissions related to electricity usage are
calculated using both location-based and
market-based methods, in accordance
with the emission factor hierarchy
established by the GHG Protocol
scope 2 Guidance.
We calculate electricity-related emissions using two methods defined by the GHG Protocol Scope 2 Guidance: 1) The location-based method uses average national or regional grid emission factors, primarily sourced from the IEA and US EPA. 2) The market-based method uses contractual agreements, such as energy attribute certificates (RECs, GOs), direct energy contracts, or supplier-specific rates. Renewable energy is assigned an emission factor of zero. For non-renewable energy, we use country-specific residual mix factors, or national/regional averages if those are unavailable. In some instances, Deloitte firms use localized emission factors to provide more accurate, source-specific data.
market-based electricity
emission factors
Emissions related to electricity usage are
calculated using both location-based and
market-based methods, in accordance
with the emission factor hierarchy
established by the GHG Protocol
scope 2 Guidance.
• The location-based method involves
using an average national, regional or
subnational emission factor that relates
to the local grid from which electricity
is drawn. These factors are sourced
primarily from the IEA and the US EPA.
• The market-based method involves
deriving emissions factors from
contractual instruments, which include
any type of contract between two
parties for the sale and purchase
of energy bundled with attributes
related to the energy generation, or for
unbundled attribute claims. This can
include energy attribute certificates
(RECs, GOs, etc.), direct contracts
(for both low-carbon, renewable,
or fossil fuel generation), supplier-
specific emission rates, and other
default emissions factors representing
the untracked or unclaimed energy
and emissions (residual mix). For
consumption that is matched to
renewable energy sources, an
emissions factor of zero is applied to
this portion of electricity. The remaining
non-renewable electricity is assigned
the residual mix factor where available,
specific to the country. Where residual
factor is not available, national and
regional average emission factors
are used.
2024 GLOBAL IMPACT REPORT
68
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Use of localized emission factors
In certain cases, Deloitte firms have identified emission factors that more accurately reflect localized source-specific emissions,
Deloitte calculates its FY2024 environmental performance data using standardized emission factors, while incorporating localized data where it provides greater accuracy for specific sources like local electric utilities. These localized factors are integrated into Deloitte's reporting software or used for local greenhouse gas (GHG) inventories. The following table outlines the emission factors used for key sources: Air Passenger travel (0.079–0.472 kg CO2e/passenger km) and District Heating (0.180 kg CO2e/kWh) utilize 2023 UK Department for Energy, Security and Net Zero factors. District Cooling (0–1.354 kg CO2e/kWh) is based on local grid electricity factors. Grid Electricity (Location-based) uses 2023 Australian National Greenhouse Accounts Factors (0.120–0.790 kg CO2e/kWh) and the Canada National Inventory Report 1990-2022 (0.001–0.660 kg CO2e/kWh).
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Use of localized emission factors
In certain cases, Deloitte firms have identified emission factors that more accurately reflect localized source-specific emissions, such as specific emission factors for a local electric
utility. Where material, these factors are incorporated into the software system and used as appropriate for the emissions source. Additional localized emission factors are
sometimes used by Deloitte firms for local GHG inventories. A compilation of emission factors used to calculate the data in the Global Report is included herein:
Emission source
Emission
factor (kg
CO2e)
Activity
unit
Emission factor reference
Region
Air Passenger (distance and
seat class)
0.079 - 0.472
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
District Heating
0.180
kWh
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
District Cooling
0 - 1.354
kWh
Based on location-based grid electricity generated factors in the applicable market
International (various regions)
Grid Electricity Generated:
Location-based
0.120 - 0.790
kWh
National Greenhouse Accounts Factors (NGA) 2023 | https://www.dcceew.gov.au/climate-change/publications/
national-greenhouse-accounts-factors-2023
Australia (various regions)
Grid Electricity Generated:
Location-based
0.001 - 0.660
kWh
Canada National Inventory Report (NIR) 1990-2022 | https://data-donnees.
This data outlines the greenhouse gas emission intensity for grid electricity across various regions, measured in kg CO2e per kWh. Australia's location-based and market-based emissions range from 0.001 to 0.660 (Source: National Greenhouse Accounts Factors 2023). Canada's location-based emissions range from 0 to 1.354 (Source: NIR 1990-2022). International emissions range from 0.125 to 0.726 (Source: IEA 2023). The United States' market-based emissions range from 0.120 to 0.790 (Source: EPA eGRID 2022).
3
Australia (various regions)
Grid Electricity Generated:
Location-based
0.001 - 0.660
kWh
Canada National Inventory Report (NIR) 1990-2022 | https://data-donnees.az.ec.gc.ca/data/substances/monitor/
canada-s-official-greenhouse-gas-inventory/C-Tables-Electricity-Canada-Provinces-Territories/?lang=en | Published 2
May 2024
Canada (various regions)
Grid Electricity Generated:
Location-based
0 - 1.354
kWh
Based on IEA 2023 (2021 data), modified to apply global warming potentials (GWP) from the 5th Assessment of the
IPCC (AR5) | https://www.iea.org/data-and-statistics/data-product/emissions-factors-2023
International (various regions)
Grid Electricity Generated:
Location-based
0.125 - 0.726
kWh
US Environmental Protection Agency eGRID (Sub Region & US Average) - 2022 (AR4 applied) | https://www.epa.gov/
system/files/documents/2024-01/egrid2022_summary_tables.pdf | Published 30 January 2024
United States (various regions)
Grid Electricity Generated:
Market-based
0.120 - 0.790
kWh
National Greenhouse Accounts Factors (NGA) 2023 | https://www.dcceew.gov.au/climate-change/publications/
national-greenhouse-accounts-factors-2023
Australia (various regions)
Grid Electricity Generated:
Market-based
0.001 - 0.660
kWh
Canada National Inventory Report (NIR) 1990-2022 | https://data-donnees.
3
Australia (various regions)
Grid Electricity Generated:
Market-based
0.001 - 0.660
kWh
Canada National Inventory Report (NIR) 1990-2022 | https://data-donnees.az.ec.gc.ca/data/substances/monitor/
canada-s-official-greenhouse-gas-inventory/C-Tables-Electricity-Canada-Provinces-Territories/?lang=en | Published 2
May 2024
Canada (various regions)
Grid Electricity Generated:
Market-based
0 - 0.954
kWh
Reliable Disclosure (RE-DISS) and AIB European Residual Mixes 2022 v1.1 (GWP Applied)
Europe (various regions)
Grid Electricity Generated:
Location-based
0 - 1.354
kWh
Based on IEA 2023 (2021 data), modified to apply global warming potentials (GWP) from the 5th Assessment of the
IPCC (AR5) | https://www.iea.org/data-and-statistics/data-product/emissions-factors-2023
International (various regions)
Grid Electricity Generated:
Market-based
0.106 - 0.741
kWh
2023 Green-e® Residual Mix Emissions Rates (2021 Data) | https://www.green-e.org/2023-residual-mix | Published
12 December 2023
United States (various regions)
Rail Passenger Distance - Light
Rail & Tram
0.029
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Rail Passenger Distance -
Metro / Subway
0.
This table outlines the greenhouse gas emission factors (kg CO2e per passenger kilometer) for various modes of transport, based on data from the 2024 Global Impact Report. Rail travel emissions vary by region: International Metro/Subway (0.029), International National Rail (0.028–0.035), French National Rail (0.006), and German National Rail (0). Road travel emissions include International Buses (0.102) and UK Black Cabs (0.306). These figures are sourced from the UK Department for Energy, Security and Net Zero (2023), ADEME (France), and Deutsche Bahn (Germany).
0.029
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Rail Passenger Distance -
Metro / Subway
0.028
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Rail Passenger Distance -
National Rail
0.035
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Rail Passenger Distance -
National Rail
0.006
Passenger km
ADEME | French Agency for Ecological transition
France
Rail Passenger Distance -
National Rail
0
Passenger km
Deutsche Bahn
Germany
2024 GLOBAL IMPACT REPORT
69
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Emission source
Emission
factor (kg
CO2e)
Activity
unit
Emission factor reference
Region
Road Passenger Distance - Bus
0.102
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Black
Cab
0.306
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
United Kingdom
Road Passenger Distance - Taxi
0.
According to the UK Department for Energy, Security and Net Zero (2023 Greenhouse gas reporting conversion factors), the following greenhouse gas emissions are measured in kgCO2e per kilometer: Black Cabs (0.306 per passenger km), Taxis (0.208 per passenger km), Battery Electric Vehicles (0.055 per vehicle km), Plug-in Hybrid Electric Vehicles (0.094 per vehicle km), Diesel Cars (0.170 per vehicle km), Gasoline Cars (0.164 per vehicle km), Gasoline/Petrol Hybrid Cars (0.119 per vehicle km), Diesel Vans (0.231 per vehicle km), and Gasoline/Petrol Vans (0.171 per vehicle km).
Distance - Black
Cab
0.306
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
United Kingdom
Road Passenger Distance - Taxi
0.208
Passenger km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Car
(Battery Electric Vehicle)
0.055
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Car
(Plug-in Hybrid Electric Vehicle)
0.094
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Car
(Diesel)
0.170
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Car
(Gasoline)
0.164
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Car
(Gasoline / Petrol Hybrid)
0.119
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Van
(Diesel)
0.231
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Van
(Gasoline / Petrol)
0.
According to the UK Department for Energy, Security and Net Zero's 2023 greenhouse gas reporting factors, the following conversion values apply for international regions: For road vehicles, gasoline vans emit 0.201 kg CO2e per km, gasoline motorbikes emit 0.114 kg CO2e per km, diesel fuel emits 2.512 kg CO2e per liter, and gasoline/petrol emits 2.097 kg CO2e per liter. For stationary fuels, the emissions per kWh are 0.268 for fuel oil, 0.184 for liquefied natural gas (LNG), 0.214 for liquefied petroleum gas (LPG), and 0.202 for natural gas (GCV/HHV).
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance - Van
(Gasoline / Petrol)
0.201
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Distance -
Motorbike (Gasoline / Petrol)
0.114
Vehicle km
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Fuel - Diesel
2.512
Liter
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Road Vehicle Fuel - Gasoline /
Petrol
2.097
Liter
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Stationary Fuel - Fuel Oil
0.268
kWh
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Stationary Fuel - Liquefied
Natural Gas (LNG)
0.184
kWh
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Stationary Fuel - Liquefied
Petroleum Gas (LPG)
0.214
kWh
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Stationary Fuel - Natural Gas
(Energy - GCV/HHV)
0.
This document outlines greenhouse gas reporting standards and environmental performance data for the 2024 Global Impact Report. Key data points include: 1) Natural gas energy conversion factors (0.183 kWh) from the UK Department for Energy, Security and Net Zero. 2) Hotel stay emissions, which range from 4.7 to 152.2 kg per night, with a weighted average of 34.6 based on the Cornell Hotel Sustainability Benchmarking Index (2023) and a baseline of 11.6 from the New Zealand Ministry of the Environment (2024). The report also includes frameworks for TCFD, GRI, and stakeholder capitalism metrics, supported by a limited assurance report for FY2024.
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Stationary Fuel - Natural Gas
(Energy - GCV/HHV)
0.183
kWh
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Hotel stay
34.6
Night
Custom weighted average median factor by country derived from Cornell Hotel Sustainability Benchmarking Index
2023, Measure 1 (HCMI Rooms Footprint Per Occupied Room) | https://ecommons.cornell.edu/items/f50b30f1-40ea-
4c87-95d0-83c8009f6497 | Published 6 June 2023
International (various regions)
Hotel stay
4.7 - 152.2
Night
UK Department for Energy, Security and Net Zero | Greenhouse gas reporting: conversion factors 2023 (AR5 Applied)
International (various regions)
Hotel stay
11.6
Night
New Zealand Ministry of the Environment | Measuring emissions: A guide for organisations 2024 | https://
environment.govt.nz/publications/measuring-emissions-a-guide-for-organisations-2024-detailed-guide/ | Published
31 May 2024
New Zealand
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
70
Task Force on Climate-Related
Financial Disclosures report
2024 GLOBAL IMPACT REPORT
71
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
The Deloitte Global FY2024 Impact Report outlines how the Deloitte network addresses climate change in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Recognizing climate change as a critical global threat, Deloitte is committed to a 1.5°C emissions reduction pathway through its 'WorldClimate' strategy. This strategy focuses on reducing greenhouse gas emissions, empowering employees, and collaborating with clients to support the transition to a low-carbon economy. The report details how Deloitte integrated climate risks and opportunities into its governance, strategy, and risk management practices throughout FY2024, while providing transparent data and metrics.
Assurance Report FY2024
70
Task Force on Climate-Related
Financial Disclosures report
2024 GLOBAL IMPACT REPORT
71
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Introduction
This disclosure presents key impacts
of climate change across Deloitte
Touche Tohmatsu Limited (“DTTL” or
“Deloitte Global”), its global network
of member firms, and its and their
respective related entities (collectively,
the “Deloitte network”) aligned to the
recommendations of the Task Force on
Climate-related Financial Disclosures
(TCFD).
Deloitte recognizes climate change as
a systemic challenge that threatens
lives, livelihoods, and habitats, and
requires global, collective action to avert
disaster. We are committed to doing
our part, both through the work Deloitte
firms do with clients and through our
WorldClimate strategy which centers on
reducing our greenhouse gas emissions
consistent with a 1.5°C pathway,
empowering our people, and engaging
the broader ecosystem to create
solutions that help facilitate the transition
to a low-carbon economy. Doing our part
also includes reporting transparently and
following recognized frameworks.
This disclosure describes how Deloitte
assessed climate-related risks and
opportunities and embedded climate
considerations into governance, strategy,
and risk management practices during
FY2024. It also references metrics used
to manage those risks and associated
targets.
In FY2024, Deloitte integrated climate-related risks and opportunities into its governance, strategy, and risk management. This voluntary disclosure aligns with the 11 recommendations from the 2021 TCFD Annex, covering the entire Deloitte Global network. The report considers the specific risks, opportunities, and metrics outlined in the TCFD framework. This document complements Deloitte’s existing sustainability reporting, which includes the annual Global Impact Report (GRI standards), CDP disclosures, and the World Economic Forum’s Stakeholder Capitalism Metrics. Additionally, Deloitte updated its climate scenario analysis in 2023 to provide greater transparency regarding the potential impacts of climate change on its network.
oitte
assessed climate-related risks and
opportunities and embedded climate
considerations into governance, strategy,
and risk management practices during
FY2024. It also references metrics used
to manage those risks and associated
targets. This disclosure covers all four
pillars and 11 disclosures as outlined in
Figure 6 in the October 2021 publication
by the TCFD entitled Implementing the
Recommendations of the Task Force on
Climate-related Financial Disclosures (2021
Annex). It does so from the perspective
of Deloitte Global and its global network
of Deloitte firms following the all-sector
guidance from the 2021 Annex. Risk,
opportunities, and metrics as laid out
in Tables A1.1, A1.2, and A2.1 of the
2021 Annex, respectively, were given
consideration in formulating the report.
See the final page of this publication for a
more detailed description of the Deloitte
network. This disclosure is being issued
voluntarily and is not intended to meet a
statutory requirement in any jurisdiction.
Deloitte Global has a long history of
reporting on sustainability performance
through the annual release of our
Global Impact Report in accordance
with the Global Reporting Initiative
(GRI) standards, reporting annually to
CDP, and reporting against the World
Economic Forum’s (WEF) Stakeholder
Capitalism Metrics. This TCFD disclosure
assesses the climate-related risks and
opportunities relevant to our business
and provides insights to Deloitte
leadership and other stakeholders.
Deloitte refreshed the scenario analysis
and provided a deeper level of reporting
and transparency on the potential
impacts climate change may have on
the Deloitte network in 2023.
In 2023, Deloitte updated its climate scenario analysis to provide greater transparency regarding the potential impacts of climate change on its network. The firm plans to refresh these assessments periodically, particularly when there are significant shifts in climate science, the operating environment, or other major events. Deloitte’s climate governance and ESG oversight are detailed in its 2024 Global Impact Report, which includes various performance metrics, reporting frameworks, and disclosures. The firm’s climate strategy is centered on 'WorldClimate,' which addresses emissions within its own operations and value chain, and a marketplace strategy focused on client services. A key component of WorldClimate is the commitment to reach net-zero greenhouse gas emissions across the entire value chain by fiscal year 2040.
oitte
leadership and other stakeholders.
Deloitte refreshed the scenario analysis
and provided a deeper level of reporting
and transparency on the potential
impacts climate change may have on
the Deloitte network in 2023. Deloitte
anticipates refreshing the scenario
analysis and the assessment of the
climate-related impacts periodically,
upon significant changes in the
operating environment, climate science
development, or other significant events
taking place.
Climate governance
Deloitte Global’s governance mechanisms
as it relates to ESG matters in general
and climate change, specifically, are
described here.
2024 GLOBAL IMPACT REPORT
72
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Strategy
Deloitte Global’s climate change strategic
plan is founded on two complementary
elements: WorldClimate which is
Deloitte’s strategy to address climate
change within our operations and
across our value chain, and the services
provided to Deloitte clients — the
Deloitte marketplace strategy.
WorldClimate — Deloitte’s
internal-facing strategy
Deloitte recognizes that how we manage
our own operations and processes is an
important foundational element in what
we do to address climate change. The
WorldClimate strategy was developed to
do just that and is built on the following
four pillars.
Net-zero with 2030 goals
Deloitte commits to reach net-zero
greenhouse gas (GHG) emissions across
the value chain by FY2040.
Deloitte has committed to achieving net-zero greenhouse gas emissions across its entire value chain by FY2040, with targets validated by the Science Based Targets initiative (SBTi) as 1.5°C-aligned. Key milestones include: FY2030 goals: Reduce scope 1 and 2 emissions by 70% (from FY2019 levels) by sourcing 100% renewable energy, transitioning to 100% electric or hybrid fleet vehicles, and cutting business travel emissions by 55% per employee. Additionally, Deloitte aims to have two-thirds of its suppliers adopt science-based targets by 2025 and will invest in solutions for unavoidable emissions. FY2040 goals: Reduce scope 1, 2, and 3 emissions by 90% from FY2019 levels. To support these efforts, the firm is actively exploring virtual power purchase agreements for renewable energy.
to
do just that and is built on the following
four pillars.
Net-zero with 2030 goals
Deloitte commits to reach net-zero
greenhouse gas (GHG) emissions across
the value chain by FY2040. Deloitte’s
near-term (FY2030) and long-term
(FY2040) GHG emissions reduction
goals have been validated by the SBTi
as 1.5°C-aligned, science-based targets.
Deloitte has also committed to set long-
term emissions reduction targets using
the SBTi’s Net- Zero Standard. Deloitte’s
target for engaging with our suppliers
meets the SBTi’s criteria for ambitious
value-chain goals, which we believe is in
line with the current best practice.
Near-term (FY2030) goals include:
• Reducing scope 1 and 2 emissions
70% from FY2019 levels by FY2030
through:
• Sourcing 100% renewable energy
for our buildings by FY2030
• Converting 100% of our fleet to
electric and hybrid electric vehicles
by FY2030
• Reducing business travel emissions
by 55% per FTE from FY2019 levels
by FY2030
• Engaging with Deloitte’s suppliers
and having two-thirds of them (by
emissions) adopt science-based
targets by 2025
• Investing in meaningful market
solutions for emissions we cannot
eliminate
Long-term (FY2040) goals include:
• Reducing scope 1 and 2 emissions
90% from FY2019 levels by FY2040
• Reducing scope 3 emissions 90%
from FY2019 levels by FY2040
Action items in place to advance
toward those goals including increasing
exploration of virtual power purchase
agreements for renewable energy
Deloitte aims to reduce its scope 3 emissions by 90% from 2019 levels by 2040. To achieve this, the firm is pursuing renewable energy agreements, promoting electric vehicles, updating travel policies, and encouraging suppliers to set science-based targets. Deloitte acknowledges that meeting these goals depends on third-party actions beyond its direct control. To embed sustainability, Deloitte has appointed senior leaders to oversee its 'WorldClimate' strategy, prioritizes climate discussions at the executive level, and integrates low-carbon considerations into operations, real estate, and technology. Additionally, Deloitte empowers its employees to make sustainable choices by providing climate education, including a mandatory learning module introduced in 2021 to help staff understand their impact and the firm's environmental goals.
0
• Reducing scope 3 emissions 90%
from FY2019 levels by FY2040
Action items in place to advance
toward those goals including increasing
exploration of virtual power purchase
agreements for renewable energy,
incentives and policies supporting
electric vehicle adoption, evolving travel
policies and increasing communication
to suppliers on expectations for science-
based targets. While Deloitte is actively
working to achieve these goals, we also
recognize that Deloitte does not have
direct control over the scope 3 goals,
particularly the goal around suppliers,
and their achievement has significant
dependencies on actions of third parties.
Embed sustainability
Deloitte recognizes we must align climate
policies, practices, and actions across the
network. Our actions include:
• Having a senior leader in each Deloitte
firm be responsible for delivering the
WorldClimate strategy
• Prioritizing discussion of climate
change on executive agendas
• Embedding climate-smart
considerations (including low-carbon
considerations) into decisions made
in office operations, real estate,
technology, and other enabling areas
Empower individuals
By engaging and educating Deloitte
people on climate change and the impact
of their decisions — decisions about
what they consume, use, and buy — we
can help enable them to make positive
climate choices at home and at work and
to amplify these choices through their
personal networks. Starting in 2021, all
Deloitte people were provided with a
climate change learning module to help
them better understand climate change,
Deloitte’s climate and sustainability goals,
and how they can make responsible
climate choices. This learning is one of
many ways Deloitte people can engage on
this topic.
Deloitte is actively addressing climate change through internal education, external collaboration, and client services. Employees can access climate-focused learning modules, livestream events, dedicated websites, and local 'green teams' to drive sustainability. Externally, Deloitte partners with clients, NGOs, and suppliers to achieve collective environmental impact. Furthermore, the firm has expanded its 'Deloitte Sustainability & Climate Practices' to help clients navigate sustainability transformations, meet regulations, and develop climate roadmaps. These efforts are detailed in the 2024 Global Impact Report, which includes comprehensive performance metrics and reporting frameworks.
module to help
them better understand climate change,
Deloitte’s climate and sustainability goals,
and how they can make responsible
climate choices. This learning is one of
many ways Deloitte people can engage on
this topic.
Other opportunities include livestream
events, commitments to action on social
media, a dedicated climate website with
activation videos, and a learning channel
that connects them to resources on
specific topics. Many Deloitte firms also
support green teams who typically play
a role in advancing actions to address
environmental sustainability and
climate change in their local offices or
communities.
Ecosystem plays
We are collaborating with Deloitte clients,
alliances, non-governmental organizations,
industry groups, suppliers, and others to
help address climate change and work
on initiatives where, collectively, we can
accomplish significant change.
2024 GLOBAL IMPACT REPORT
73
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Deloitte’s marketplace strategy
Deloitte’s Purpose is to make an impact
that matters. One way Deloitte firms
do this is through serving clients with
distinction. We recognize sustainability
challenges will require large-scale
transformation for many clients and
Deloitte is committed to helping them
along their journeys.
In 2022, Deloitte announced a significant
expansion and investment in their
Deloitte Sustainability & Climate
Practices designed to help clients
define their climate roadmaps, embed
sustainability into their operations,
meet regulatory requirements, and
accelerate transformation.
Deloitte is investing US$1 billion to expand its global Sustainability & Climate practice, which now includes over 6,100 experts across nearly 100 countries. This initiative helps clients navigate complex sustainability challenges, including net-zero transitions, transparent reporting, responsible supply chains, climate resilience, climate financing, biodiversity, and climate equity. To support these goals, Deloitte is launching the Center for Sustainable Progress for research and integrating ESG services with advanced technologies like AI, cloud computing, and digital transformation to drive measurable results for businesses and stakeholders.
announced a significant
expansion and investment in their
Deloitte Sustainability & Climate
Practices designed to help clients
define their climate roadmaps, embed
sustainability into their operations,
meet regulatory requirements, and
accelerate transformation. Deloitte
empowers our clients to navigate
sustainability complexity to help deliver
increased value for investors, customers,
businesses, regulators, governments, and
communities.
Deloitte can help deliver tangible
outcomes across seven key sustainability
challenges facing organizations today:
• Transitioning to net-zero;
• Accelerating governance,
accountability and transparent
reporting;
• Enabling responsible supply chains
and operations;
• Managing climate adaptation and
resilience;
• Financing the climate transition
• Advancing nature and biodiversity;
and
• Achieving climate equity and a just
transition.
Deloitte has assembled one of the
largest global networks of sustainability
experience, with over 6,100+ dedicated
Sustainability & Climate practitioners
in nearly 100 countries. To help enable
Deloitte firms to make a greater impact
in helping clients to transition and adapt,
Deloitte is investing US$1 billion in client-
related services, data-driven research,
and other assets and capabilities.
Key investments continuing to be made
include:
• Launching the Deloitte Center for
Sustainable Progress, Deloitte’s global
collaboration with leading academic,
policy, business, and governmental
organizations to focus on holistic,
results-oriented thought leadership,
data-driven analysis, and accountability
reporting;
• Integrating ESG/Sustainability services
and solutions with Deloitte’s other
key solution areas, including artificial
intelligence, machine learning,
operations outsourcing, cloud services,
and broader digital transformation,
allowing for new solutions to tackle
some of clients’ largest
Deloitte integrates sustainability with key services like AI, machine learning, cloud computing, and digital transformation to help clients solve complex challenges. The firm provides sustainability training to employees, clients, and suppliers through virtual platforms and Deloitte University. To accelerate climate innovation and net-zero goals, Deloitte offers advanced digital tools, including GreenSpace Tech, which identifies emerging technologies for decarbonization, and GreenLight Solution, which helps organizations track carbon footprints and set reduction targets. Beyond client services, Deloitte contributes to climate policy and reporting by participating in groups such as the First Mover’s Coalition, the World Business Council for Sustainable Development, and the Global Reporting Initiative. By embedding climate considerations into its strategy, Deloitte remains resilient against the risks of a 2°C or lower warming scenario.
services
and solutions with Deloitte’s other
key solution areas, including artificial
intelligence, machine learning,
operations outsourcing, cloud services,
and broader digital transformation,
allowing for new solutions to tackle
some of clients’ largest challenges;
• Offering a robust curriculum of
sustainability training courses to
Deloitte people, clients, and suppliers,
both virtually and at multiple Deloitte
University locations; and
• Developing a comprehensive and
evolving range of cutting-edge digital
tools that leverage data, artificial
intelligence (AI), and emerging
technologies to accelerate climate
innovation and the path to net-zero,
including:
• GreenSpace Tech: A digitally-
enabled service that helps clients
identify, advance, and apply the right
emerging technologies and choices
for their path to net-zero.
• GreenLight Solution by Deloitte:
An end-to-end decarbonization
solution aiding organizations in
setting carbon reduction targets and
calculating their carbon footprint.
And while the aforementioned services
are specific to sustainability and climate
change, most engagements have potential
climate change considerations given
inherent physical and transition risks.
In addition to client service, Deloitte’s
marketplace strategy also includes offering
perspectives to relevant external bodies on
matters pertaining to climate change and
climate change reporting. Deloitte people
participate in committees and working
groups of major organizations addressing
climate change in the marketplace
including the First Mover’s Coalition, the
World Business Council for Sustainable
Development, and the Global Reporting
Initiative.
With adoption of mitigation measures,
actions, and continued incorporation of
climate change considerations in strategy,
Deloitte Global believes Deloitte will
continue to be resilient in a 2°C or lower
scenario.
Deloitte Global is committed to climate resilience, ensuring the firm can adapt to a 2°C or lower warming scenario by integrating climate strategies into its business model. As detailed in the 2024 Global Impact Report, Deloitte follows the Task Force on Climate-Related Financial Disclosures (TCFD) framework to assess climate risks and opportunities. The firm uses climate scenarios—hypothetical models of future socioeconomic and environmental conditions—to test its strategy. These scenarios are not predictions, but tools to help Deloitte evaluate its long-term resilience and make informed decisions regarding climate mitigation and adaptation.
Reporting
Initiative.
With adoption of mitigation measures,
actions, and continued incorporation of
climate change considerations in strategy,
Deloitte Global believes Deloitte will
continue to be resilient in a 2°C or lower
scenario.
2024 GLOBAL IMPACT REPORT
74
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Assessing the impacts of and
resilience to climate-related
scenarios
Central to TCFD recommendations
is describing a company’s strategy in
relation to climate-related risks and
opportunities across future time horizons
and climate scenarios. In what follows, we
describe the climate scenarios leveraged,
the risks and opportunities identified and
assessed, and Deloitte’s response and
resiliency.
Scenarios are hypothetical
constructs of what the future
may be like, created through a
structured process to stretch
thinking, challenge conventional
wisdom, and drive better
decisions today. In the context
of the TCFD recommendations,
climate scenarios can describe
projections and pathways for future
socioeconomic development,
emissions concentrations, energy
mix, climate mitigation, and
adaptation pathways. They are
not predictions about what will
happen and are not intended to be
forecasts of the most likely future
outcomes. Instead, they aim to
explore how varying conditions
could impact the organizations from
a socio-economic development
standpoint and from the physical
impacts of climate change. They are
also intended to help assess the
resilience of business models and
strategy over the short-, medium-,
and long-term.
Deloitte Global uses climate-related scenario analysis to evaluate how climate change impacts its business strategy, resilience, and socio-economic development over time. To do this, Deloitte selected three scenarios: Current Policies, Orderly Net-Zero, and Divergent Net-Zero. These are based on models from the Network for Greening the Financial System (NGFS) and the Intergovernmental Panel on Climate Change (IPCC). While two scenarios assume global warming is limited to 1.5°C, Deloitte uses them to assess transition risks rather than to predict future outcomes, especially since the IPCC suggests warming will likely exceed 1.5°C. The 'Current Policies' scenario specifically assumes that existing government climate and energy regulations will remain unchanged.
from
a socio-economic development
standpoint and from the physical
impacts of climate change. They are
also intended to help assess the
resilience of business models and
strategy over the short-, medium-,
and long-term.
What is climate-related
scenario analysis
See endnotes
2024 GLOBAL IMPACT REPORT
75
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Climate scenarios
Deloitte Global selected three climate
scenarios — Current Policies, Orderly
Net-Zero, and Divergent Net-Zero
— to assess the impacts of climate-
related risks and opportunities to
Deloitte across short-, medium-,
and long-term time horizons. These
scenarios, described further in what
follows, leverage underlying reference
scenarios developed by external
institutions, such as the Network for
Greening the Financial System (NGFS)
climate scenarios, and Representative
Concentration Pathways (RCPs) and
Shared Socioeconomic Pathways (SSPs)
set out by the Intergovernmental Panel
on Climate Change (IPCC). Two of the
three scenarios assume global warming
is limited to 1.5°C. We are including
these scenarios not under the lens of
probability given that the most recent
report by the IPCC finds it likely that
warming will exceed 1.5°C in the 21st
century1, but as a way to better assess
transition risks to Deloitte.
Current Policies scenario
The Current Policies scenario assumes
current government policies regarding
climate and energy are maintained,
with no additional new climate-related
regulation.
Deloitte uses these scenarios to assess climate-related transition risks. 1) Current Policies: Governments maintain existing policies without new regulations, relying on fossil fuels. This leads to 3°C of warming by 2100, causing severe physical risks and business disruptions, though it boosts manufacturing and construction. 2) Orderly Net-Zero: Ambitious policies and innovation lead to net-zero emissions by 2050, limiting warming to 1.5°C. This results in low physical risks but moderate-to-high transition risks, mitigated by carbon removal technology. 3) Divergent Net-Zero: Global emissions reach net-zero by 2050, also limiting warming to 1.5°C.
ury1, but as a way to better assess
transition risks to Deloitte.
Current Policies scenario
The Current Policies scenario assumes
current government policies regarding
climate and energy are maintained,
with no additional new climate-related
regulation. The world relies on fossil
fuels as the engine of economic growth,
resulting in significant global warming that
fuels changes in the frequency and/or
severity of extreme weather events, which
result in extensive business disruption.
Governments quietly drop their climate
commitments and instead intervene to
build resilience to the worst impacts of
climate change. Emissions grow until
2080 leading to about 3°C of warming by
the end of the 21st century with severe
physical risks. Consumption-led growth
during a new Roaring ‘20s leads to a boom
for the manufacturing and construction
sectors.
Orderly Net-Zero scenario
This scenario assumes a high level of
decarbonization is achieved through
robust climate policies and innovation in a
steady, orderly fashion. This scenario also
assumes an immediate introduction of
ambitious climate policies. Carbon removal
technologies are used to accelerate global
decarbonization efforts but are kept to a
minimum. Global emissions reach net-zero
by 2050, which limits warming to 1.5°C by
the end of the 21st century. Physical risks
are relatively low, but transition risks are
moderate to high. This scenario allows
slightly greater use of fossil fuels than the
Divergent Net-Zero scenario due to the
increased deployment of carbon removal
technology, thereby mitigating some of the
transition risk attributed to the sharp move
away from fossil fuels.
Divergent Net-Zero scenario
In the Divergent Net-Zero scenario,
global emissions also reach net-zero by
2050, which similarly limits warming to
1.
The 'Divergent Net-Zero' scenario aims to reach net-zero emissions by 2050 and limit global warming to 1.5°C. Unlike the 'Orderly Net-Zero' scenario, this path is more financially disruptive and volatile due to uncoordinated policies, higher transition costs, and a faster phase-out of fossil fuels. Key challenges include stricter regulations in the transportation and building sectors, a lack of policy coordination that increases costs for consumers, and limited access to carbon removal technologies. Additionally, carbon prices are expected to rise sharply after 2030.
risk attributed to the sharp move
away from fossil fuels.
Divergent Net-Zero scenario
In the Divergent Net-Zero scenario,
global emissions also reach net-zero by
2050, which similarly limits warming to
1.5°C by the end of the 21st century.
However, this scenario is associated with
higher transition costs due to varying
policies introduced across sectors and
governments, as well as a quicker phasing
out of fossil fuels. Compared to the Orderly
Net-Zero scenario, the Divergent Net-
Zero scenario assumes climate policies
are more stringent in the transportation
and building sectors. This scenario also
assumes the failure to coordinate policy
across sectors, which results in a higher
burden on consumers. In addition, the
availability of carbon dioxide removal
technologies is assumed to be lower than
in the Orderly Net-Zero scenario. Carbon
prices increase abruptly after 2030. Of
the considered scenarios, the Divergent
Net-Zero scenario is the most financially
disruptive, with high transition risks and
volatility.
2024 GLOBAL IMPACT REPORT
76
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Table 1 summarizes and compares the three scenarios across key elements.
This report includes financial disclosures, stakeholder capitalism metrics, a GRI index, environmental performance data, and a FY2024 limited assurance report. Table 1 compares three climate scenarios: 1) Current Policies, where diplomacy fails and economic growth is prioritized over climate targets; 2) Orderly Net-Zero, where global cooperation establishes a $200/ton carbon price and integrates climate risk into finance; and 3) Divergent Net-Zero, where uncoordinated policies lead to late, uneven carbon pricing reaching $300/ton. Socially, these scenarios range from initial quality-of-life improvements followed by climate-driven inequality, to a global push for a 'just transition.' Technologically, the focus shifts from adaptation and ultra-efficiency to government-led climate resilience.
-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Table 1 summarizes and compares the three scenarios across key elements.
Table 1: Scenario elements
Current policies
Orderly Net-Zero
Divergent Net-Zero
Political
• Global climate diplomacy fails
• Nations give up climate targets to focus on economic
growth
• Global climate diplomacy is a success
• Nations cooperate to create ambitious climate policy
• Global climate diplomacy fails
• Nations issue their own climate policies at varying levels of ambition and lack
coordination
Economic
• Consumption-led economic growth is achieved
through the 2020s
• By the 2040s, physical climate impacts start dragging
on economic growth
• A global carbon price is established early, gradually
reaching US$200 per metric ton of carbon dioxide
equivalents by 2030
• The financial system includes climate risk as a core
consideration
• A global carbon price is put in place late, reaching US$300 per metric ton of
carbon dioxide equivalents by 2030
• Carbon prices for the transportation and building sectors are three times the
carbon price in services and industry sectors
Social
• Quality of life improves during the 2020s
• Later, climate-related migration and inequality harm
social cohesion
• Environmental awareness grows
• Society looks for a just transition and expanded
corporate responsibility
• Environmental awareness grows
• Societal expectations for a just transition and expanded corporate responsibility
vary geographically due to varied policy responses and ambition
Technology
• Trust is placed in technology to help society adapt to
climate change
• As physical impacts worsen, governments invest in
adaptation measures
• Low-carbon technology focuses on ultra-efficiency in
responses and ambition
Technology
• Trust is placed in technology to help society adapt to
climate change
• As physical impacts worsen, governments invest in
adaptation measures
• Low-carbon technology focuses on ultra-efficiency in
processes
• High research and development spend leads to
technological breakthroughs in the 2030s
• Low-carbon technology focuses on ultra- efficiency in processes but lower use of
carbon dioxide removal technology than the Orderly Net-Zero scenario
• High research and development spend lead to technological breakthroughs in
the 2030s
Environment
• Strong increases in the frequency and/or severity of
extreme weather events, causing major disruptions or
damages
• Health impacts and humanitarian crises occur in all
countries
• The worst physical impacts are avoided, but the climate
continues to warm, resulting in disruptions and damage
• Nature-based solutions are pursued or adopted
• The worst physical impacts are avoided, but the climate continues to warm,
resulting in disruptions and damage
• Nature-based solutions are pursued, but to varying degrees across jurisdictions
Legal
• Climate-related laws and litigation have little impact in
the 2020s
• Cases against corporations shift the regulatory
environment in the 2030s
• Swathes of stiff climate-related environmental regulation
are introduced in the 2020s
• Climate-related laws and litigation have little impact in the early 2020s.
The 2024 Global Impact Report outlines Deloitte's assessment of climate-related risks and opportunities across short, medium, and long-term horizons. While early 2020s climate laws and litigation had minimal impact, stricter environmental regulations and increased legal challenges are expected to emerge by the late 2020s and 2030s, varying by region. Deloitte evaluated these impacts using financial scenarios and data-driven assumptions, noting that these estimates provide an order-of-magnitude perspective rather than precise predictions. The report includes various frameworks, such as the Task Force on Climate-Related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI) indices, to ensure transparent reporting.
the regulatory
environment in the 2030s
• Swathes of stiff climate-related environmental regulation
are introduced in the 2020s
• Climate-related laws and litigation have little impact in the early 2020s. More
extensive litigation occurs in the 2030s but it varies across jurisdictions
• Swathes of stiff climate-related environmental regulation are introduced in the
late 2020s and early 2030s
2024 GLOBAL IMPACT REPORT
77
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Climate-related risks and opportunities
Table 2 summarizes what Deloitte Global currently has assessed to be the most
significant climate-related transition and physical risks and the opportunities
relevant to Deloitte’s businesses under the three scenarios. The impacts are not
listed in order of significance and are not intended to be exhaustive. We assessed
the impact over three time horizons: short-term (two to five years), medium-term
(five to ten years), and long-term (ten to thirty years). We have used appropriate
assumptions to estimate the potential financial impact under different scenarios
and, where possible, based these on available data. In some cases, we used
pre-COVID-19 pandemic base assumptions, which may prove to be erroneous
post-pandemic. While the financial implications are not precise predictions, they
are intended to provide insights on the order-of-magnitude of impacts.
The 2024 Global Impact Report outlines Deloitte’s climate risk assessment. Please note that these financial projections are based on pre-pandemic assumptions and serve as estimates of potential impact rather than precise forecasts. Regarding acute climate risks, such as extreme weather events like cyclones and floods, Deloitte faces potential operational disruptions to its offices, data centers, workforce, and supply chain. While the direct financial impact is mitigated because Deloitte leases most of its properties and maintains insurance, the company expects indirect costs to rise. These include higher insurance premiums, increased expenses for property fortification, and potential building code modifications.
we used
pre-COVID-19 pandemic base assumptions, which may prove to be erroneous
post-pandemic. While the financial implications are not precise predictions, they
are intended to provide insights on the order-of-magnitude of impacts.
2024 GLOBAL IMPACT REPORT
78
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Table 2 summarizes and compares the three scenarios across key elements.
Table 2: Climate risks and opportunities
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and strategic approach
Acute
Increased severity
of extreme weather
events such as
cyclones and floods
Increases in real estate
and operational costs
due to severe weather
events
Increases in the severity
and/or frequency of
extreme weather events
may damage Deloitte
offices and data centers
and cause disruption to
the network’s workforce,
suppliers, communities,
and clients.
This, in turn, increases
direct and indirect costs,
including increased costs
for improving office
resilience, damaged
assets/real estate,
and higher insurance
premiums.
Changes in real estate costs including insurance availability
or premiums
The direct financial impact of severe weather events on Deloitte
offices and data centers is limited because Deloitte leases most
offices and insurance is in place to reduce the financial losses from
physical impacts. However, insurance costs will not remain static
in this environment and there may be indirect costs related to
property fortification and/or building code modifications as well.
Deloitte faces rising financial and operational risks due to extreme weather. Insurance costs are increasing, and coverage is becoming harder to obtain in high-risk areas, sometimes forcing public entities to act as insurers of last resort. Additionally, Deloitte may face higher labor costs as employees avoid regions prone to climate disasters, water shortages, or insurance instability. While these risks are complex and vary by location, the 'Current Policies' scenario predicts more frequent and severe disasters—such as the 2022 Pakistan floods—which would drive insurance premiums and deductibles up faster than in 'Net-Zero' scenarios. Due to this global complexity, Deloitte has not yet modeled specific financial estimates for these risks.
offices and insurance is in place to reduce the financial losses from
physical impacts. However, insurance costs will not remain static
in this environment and there may be indirect costs related to
property fortification and/or building code modifications as well.
Insurance availability and pricing is in fact already changing due
to the increasing frequency and/or severity of extreme weather
events, particularly in high-risk geographies or even in low-risk
areas following a significant physical risk event. Premiums may
significantly increase due to private insurance companies’ need to
fund increasingly frequent and severe loss events. In some cases,
availability of insurance may be limited as insurers pull out of high-
risk markets with public entities stepping in to become “the insurer
of last resort.”
Increase in operational costs
Wages or recruiting costs may increase as a result of fewer
individuals being willing to live or move to certain areas where
Deloitte wants to maintain a market presence. Deloitte people may
choose to avoid living in locations they perceive are likely to be
impacted by severe weather, experience severe water shortages
or flooding, or where homeowner’s insurance is unavailable or
unaffordable.
Given the complexity of the insurance market and the number of
countries in which Deloitte has a presence, we have not modeled
financial estimates for this risk.
The Current Policies scenario
will see higher frequency
and severity of physical risk
events such as severe storms,
hurricanes, or tropical cyclones
compared to the Net-Zero
scenarios. Impacts may go
beyond local areas and impact
entire regions, as was the case
in Pakistan in 2022 when one
third of the country experienced
flooding and millions were
displaced. Insurance premiums
and deductibles may escalate
more rapidly compared to the
Net-Zero scenarios.
Climate change increases the frequency of natural disasters, such as the 2022 Pakistan floods that displaced millions, leading to higher insurance costs. Regardless of Net-Zero progress, physical climate risks will continue to rise by 2050, necessitating increased investment in adaptation. To mitigate financial and productivity losses from disasters like hurricanes, floods, and fires, Deloitte prioritizes business continuity. Guided by the Deloitte Global Security Policy and Standards, the Global Security Office (GSO) helps firms worldwide implement continuity programs and pursue ISO 22301 certification. Regional security managers support these efforts through assessments and coordination with the Global Security Council. Key components of Deloitte’s strategy include a global emergency communications system, a travel tracker for employees, and 24-hour medical and security support to ensure staff safety during crises.
, as was the case
in Pakistan in 2022 when one
third of the country experienced
flooding and millions were
displaced. Insurance premiums
and deductibles may escalate
more rapidly compared to the
Net-Zero scenarios.
Differences between the two
Net-Zero scenarios is minimal
by 2050 as both will still see
increases in physical risk events.
Greater awareness of climate
change risk leads to higher
spend on adaptation.
When natural disasters or other devastating physical events
occur, business continuity is essential to avoid potential
financial and productivity losses.
Business continuity planning, a key component of the
Deloitte Global Security Policy and Standards, is critical to
help address disruptions caused by hurricanes, typhoons,
floods, fires, and other physical hazards. The Deloitte Global
Security Office (GSO) works with Deloitte firms worldwide
to formulate and implement effective business-continuity
programs to keep Deloitte people safe, particularly during
emergencies. All Deloitte firms are working toward achieving
certification with the international business continuity
standard, ISO 22301.
The GSO’s regional security managers help enhance
Deloitte’s security and crisis-response capabilities through
on-site assessments, meetings with Deloitte firm managing
partners, and through coordination with a Global Security
Council comprised of security officers from Deloitte firms.
Examples of business-continuity program components
include a global emergency communications system used to
help account for the safety and well-being of Deloitte people
and provide critical guidance when emergencies strike, a
global travel tracker which quickly accounts for the safety of
Deloitte people traveling, and 24-hour emergency medical
and security resources that can be deployed in the event of
severe weather, fires, or other acute physical impacts.
Deloitte ensures employee safety during travel with a global tracking system and 24-hour emergency medical and security support for crises like severe weather or fires. Under the WorldClimate strategy, the firm is integrating climate-smart practices into office operations and real estate planning, while also assessing climate risks to data centers and infrastructure. Additionally, the shift to hybrid work is reducing real estate needs and operational costs. The 2024 Global Impact Report further outlines how Deloitte manages physical climate risks—such as extreme weather and rising temperatures—by analyzing potential business impacts and implementing strategic management responses.
a
global travel tracker which quickly accounts for the safety of
Deloitte people traveling, and 24-hour emergency medical
and security resources that can be deployed in the event of
severe weather, fires, or other acute physical impacts.
As part of Deloitte’s WorldClimate strategy, we have
committed to embedding climate-smart considerations into
office operations and real estate decisions. In the longer
term, as severe weather events and impacts become better
understood, real estate strategies will need to increasingly
consider physical climate-related risks. Additionally, work
is also underway to understand the physical risks to data
centers, particularly due to regional, climate-related, system-
wide infrastructure impacts.
The move toward more hybrid work models is also reducing
real estate needs over pre-pandemic levels on a per person
basis. This also helps mitigate the risk associated with
increasing real estate and operational costs.
Physical
2024 GLOBAL IMPACT REPORT
79
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Acute
Increased severity
of extreme weather
events such as
cyclones and floods
Chronic
Rising mean
temperatures,
changes in
precipitation
patterns and
extreme variability
in weather patterns
Reduced revenue due
to productivity loss
and higher costs from
negative impacts on
workforce
Exposure to higher
temperatures and
extreme weather events,
such as droughts, floods,
fires, and heat
Extreme weather and climate-related health risks pose significant operational and financial challenges to Deloitte. High temperatures and natural disasters like floods, droughts, and fires threaten employee health, causing physical illness, stress, and trauma, which reduces overall productivity. Additionally, Deloitte’s global network of data and delivery centers is vulnerable; regional disasters can disrupt services across multiple locations, while travel delays further hinder operations. These disruptions, including the inability of staff to work from offices or homes, directly impact revenue. For example, a major hurricane causing flooding in a city could result in an estimated revenue loss of up to US$2.5 million per week if 200 to 500 employees are unable to work, with potential for even greater losses if the impact is more widespread or prolonged.
Reduced revenue due
to productivity loss
and higher costs from
negative impacts on
workforce
Exposure to higher
temperatures and
extreme weather events,
such as droughts, floods,
fires, and heat waves, may
increase health risks to
Deloitte people, including
heat-induced illnesses,
respiratory issues, physical
injuries, and infectious
diseases. These physical
and health impacts
could impact well-being
by leading to trauma or
increased stress, thereby
hindering productivity.
As a global network,
Deloitte uses data centers
and hosts delivery centers
in multiple regions. This
means that extreme
weather in one region
could impact the delivery
of services in another.
Region-wide impacts such
as extensive flooding or
loss of power coupled with
disruptions to fuel delivery
could also impact more
than one data facility.
Acute weather events may
also cause flight delays
and cancellations. These
could reduce productivity
and could increase
expenses for Deloitte.
Loss in revenue due to productivity decline
Both severe weather events and climate-related health impacts
may reduce employee productivity, thereby affecting revenue.
Service delivery interruption due to local disruptions
Practitioners could be prevented from working in Deloitte facilities
or from their own homes in the aftermath of a severe weather
event, leading to a potential loss of revenue due to failed or
delayed client service delivery.
Under a simplified analysis, severe flooding from a hurricane in a
major city is projected to result in as much as US$2.5 million per
week in reduced revenue for Deloitte due to productivity loss. This
range assumes that 200 to 500 Deloitte practitioners are unable to
work for one week. Disruptions impacting more people or lasting
longer would likely increase revenue losses.
Deloitte faces significant financial risks from climate change by 2030. Severe flooding could cost the firm over US$70 million annually if just 5% of the workforce in three major regions loses one week of work. Heat stress is a larger concern, with estimated annual costs of US$600 million across all climate scenarios due to reduced labor productivity. Additionally, travel disruptions that cause every practitioner to lose one day of billable time would cost the firm between US$350 million and US$450 million annually. Deloitte also faces indirect risks; for example, heatwaves in India could disrupt service delivery to US clients, potentially increasing costs by an additional 10%. Overall, productivity losses and climate-related costs are expected to remain consistent across all scenarios leading up to 2030.
reduced revenue for Deloitte due to productivity loss. This
range assumes that 200 to 500 Deloitte practitioners are unable to
work for one week. Disruptions impacting more people or lasting
longer would likely increase revenue losses.
Globally, workplace disruption as a result of increases in severe
flooding is projected to result in more than US$70 million of
additional costs in 2030 if as little as 5% of Deloitte’s workforce
across three major regions experienced a week’s worth of work
disruption.
Heat stress and other climatic conditions could impact Deloitte
but may vary depending on scenario and region. In hotter and
more humid climates, more heat stress may be experienced which
could lead to lower labor productivity and could negatively impact
Deloitte firm revenues and profits. Annual costs to Deloitte due to
heat stress alone is estimated to be in the order of US$600 million
under all three scenarios by 2030.
Financial impacts may be greater in regions with higher chronic
physical risk exposure. Deloitte firms in lower-risk regions, however,
may experience indirect financial impacts due to reliance on
data or delivery centers in higher-risk regions. Using a simplified
assumption, costs may rise by an additional 10% from cross-
geographic impacts. For example, labor productivity loss due to
heatwaves in India may impact the delivery of service to Deloitte
clients in the US.
Loss of productivity due to travel disruptions
If all Deloitte practitioners lose one day of billable time due to travel
disruptions, the annual loss in revenue to Deloitte is estimated to
be US$350 million to US$450 million.
Across all three scenarios, productivity loss and
additional costs are projected to be similar before 2030.
Deloitte currently loses between US$350 million and US$450 million annually due to travel disruptions. While productivity losses and costs remain stable across all scenarios until 2030, they are expected to vary significantly by 2050. Under the 'Current Policies' scenario, Deloitte could face over US$1 billion in annual costs by 2050, primarily driven by productivity losses from heat stress. While a remote workforce helps mitigate risks from localized weather events, long-term risks like heat waves—which can disrupt power and lower productivity—remain a major concern. To manage these risks, Deloitte should diversify its data center and delivery locations to increase redundancy. Additionally, the company’s 'WorldClimate' strategy aims to reduce business travel emissions by 55% per employee by 2030. Achieving this goal may help lower weather-related expenses, improve productivity, and increase employee retention by reducing travel-related stress.
travel
disruptions, the annual loss in revenue to Deloitte is estimated to
be US$350 million to US$450 million.
Across all three scenarios, productivity loss and
additional costs are projected to be similar before 2030.
By 2050, however, impacts are projected to diverge
across scenarios, with the Current Policies scenario
likely to experience greater changes in the frequency
and/or severity of physical risks, such as severe storms,
hurricanes, tropical cyclones and heat waves, and
chronic risks, such as average temperature increases.
Additional costs to Deloitte under the Current Policies
scenario are projected to rise above US$1 billion in the
year 2050 due to lost productivity from heat stress.
The shift toward more remote work
has created a more geographically
distributed workforce, thereby
reducing the risks associated with
localized acute weather events.
Longer-lived physical risks, such as
heat waves, may be the most severe
physical risk to Deloitte operations
given the impact heat waves
can have both on interrupting
power supplies and decreasing
productivity. Increasingly, a portfolio
approach may be needed to
evaluate key delivery and data
center location risks to increase
redundancy across (in addition to
within) regions. Strategies should
consider diversifying capabilities
across locations. Deloitte’s
WorldClimate strategy includes
the goal of reducing business
travel emissions by 55% per FTE
from FY2019 levels by FY2030.
Working toward this goal may
also help mitigate productivity
losses and weather-related travel
expenses and may reduce turnover
of Deloitte people if travel is
increasingly seen as an irritant.
Deloitte aims to reach 9 levels by FY2030, a goal that could improve productivity, lower travel costs, and increase employee retention by reducing travel-related frustrations. To address long-term climate risks, Deloitte collaborates with governments and local authorities to promote climate adaptation and resilience. The firm actively participates in external organizations, publishes research on climate policy, and reports its progress in the 2024 Global Impact Report. Deloitte also monitors physical climate risks, such as rising temperatures and extreme weather, which can disrupt client operations, reduce revenue, and impact Deloitte’s own business and value chains.
9 levels by FY2030.
Working toward this goal may
also help mitigate productivity
losses and weather-related travel
expenses and may reduce turnover
of Deloitte people if travel is
increasingly seen as an irritant.
Longer-term chronic risk impacts
will require continued engagement
from governments, municipal
and local authorities, and other
stakeholders in order to put
climate adaptation and resiliency
measures in place. Deloitte is an
active member in a number of
external organizations that seek
engagement with stakeholders
on climate policies. Additionally,
Deloitte regularly publishes
thoughtware and position papers
on these topics.
Physical
2024 GLOBAL IMPACT REPORT
80
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Chronic
Rising mean
temperatures,
changes in
precipitation
patterns and
extreme variability
in weather patterns
Reduced revenue
from disruption to
clients (either through
loss of business or
productivity)
In addition to the direct
impacts of physical risk,
Deloitte also faces indirect
risks when Deloitte clients’
operations and value
chains are impacted.
Deloitte faces significant indirect financial risks when climate-related physical events—such as fires, floods, extreme temperatures, and water stress—disrupt its clients' operations. These disruptions can lead to supply chain failures, facility closures, and financial losses for clients, which negatively impact Deloitte in several ways: 1) Revenue loss: Clients may terminate or reduce their engagements with Deloitte, and service delivery may be hindered, leading to lower productivity. Deloitte estimates these disruptions could cause an annual revenue loss of US$100 million to US$200 million under Net-Zero and Current Policies scenarios. 2) Operational changes: If clients relocate due to climate risks, Deloitte may need to close or downsize certain offices while expanding others, increasing operational and real estate costs. 3) Market shifts: In extreme scenarios involving political instability or societal breakdown, demand for traditional Deloitte services may drop as focus shifts toward basic needs like food and energy security.
clients (either through
loss of business or
productivity)
In addition to the direct
impacts of physical risk,
Deloitte also faces indirect
risks when Deloitte clients’
operations and value
chains are impacted.
Climate-related physical
risks experienced by
Deloitte clients — such
as water stress, sea
level rise, fires, extreme
temperatures, and
weather events — may
result in supply chain
disruptions, physical
facility closures, financial
losses, and in some cases,
cessation of business for
clients.
Reduced revenue from disruption to clients and
productivity loss
Physical risks that impact Deloitte clients may prevent Deloitte
firms from delivering services, resulting in productivity declines and
revenue loss.
Revenue reduction due to decreased client demand
Similarly, physical risks that inhibit the ability of Deloitte clients to
operate (e.g., supply chain disruptions, physical facility closures
and resulting financial losses), may result in clients terminating,
postponing, or reducing Deloitte client engagements.
The annual loss of revenue of these disruptions to Deloitte is
estimated to be US$100 million to US$200 million under the
Net-Zero scenarios, and in the early years of the Current Policies
scenario.
Scenarios with high physical risks may lead to heightened political
instability and, in extreme cases, societal breakdown. Under these
conditions, attention may be focused on more pressing needs
such as food and energy security, and demand for traditional
Deloitte services may diminish.
Increased operational and real estate costs due to
relocation
Clients may also move locations due to physical risks, which
may increase operational costs as a result of Deloitte closing or
reducing the number of Deloitte people in certain offices, while
expanding in others.
Deloitte faces potential operational costs and service disruptions due to physical climate risks, which may force the company to relocate staff or close certain offices. By 2050, the 'Current Policies' scenario is projected to cause more severe weather events than 'Net-Zero' scenarios, potentially resulting in $200 million to $300 million more in lost revenue. Beyond financial impacts, the 'Current Policies' scenario carries severe humanitarian consequences, including displacement and loss of life. To manage these risks, Deloitte focuses on maintaining service continuity, helping clients develop climate mitigation strategies, and diversifying its client base across various sectors and geographies to reduce vulnerability.
relocation
Clients may also move locations due to physical risks, which
may increase operational costs as a result of Deloitte closing or
reducing the number of Deloitte people in certain offices, while
expanding in others.
Differences in physical risk events between scenarios are
minimal by 2030. Greater awareness of climate change
risk may lead to higher spend on adaptation.
Under the Current Policies scenario, the frequency
and/or severity of acute physical risks, such as severe
convective storms, hurricanes, tropical storms, and
cyclones, are projected to increase by 2050. This may
result in greater disruptions in service delivery. The
decrease in Deloitte revenue of this is estimated to be
US$200 million to US$300 million greater for the Current
Policies scenario than for the Net-Zero scenarios by
2050.
Under the Current Policies scenario, the humanitarian
costs will be significant, including displacement, conflict,
famines, and death. It is not possible nor appropriate to
translate suffering or loss of life into financial terms, but
the immensity and tragedy of circumstances resulting
on humanity, particularly under the Current Policies
scenario, should be acknowledged.
When the physical impacts of
climate change risk materialize,
Deloitte’s ability to continue to
provide services with as little
disruption as possible will be
essential to avoid financial losses.
Deloitte’s client-service offerings,
which include assisting clients
in understanding their physical
climate-related risks and
establishing mitigation strategies,
is one way in which we address
impacts of potential physical risk.
Future mitigation measures for
Deloitte could include evaluating
our revenue risk resulting from the
climate vulnerabilities of key clients.
This risk is somewhat mitigated for
Deloitte given the diversification
of clients across geographies and
sectors.
Deloitte faces potential revenue risks if its clients struggle to adapt to climate change or the transition to a low-carbon economy. Specifically, clients in industries heavily reliant on fossil fuels—such as construction, steel, and agriculture—may face financial losses that could lead them to reduce or cancel Deloitte’s services. However, Deloitte mitigates this risk by maintaining a diverse client base across various geographies and sectors.
measures for
Deloitte could include evaluating
our revenue risk resulting from the
climate vulnerabilities of key clients.
This risk is somewhat mitigated for
Deloitte given the diversification
of clients across geographies and
sectors.
Physical
2024 GLOBAL IMPACT REPORT
81
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under different scenarios
Management response and
strategic approach
Market
Changing customer
behavior and
uncertainty in
market signals
Revenue reduction due
to decreased demand
from clients in highly-
exposed sectors or
those with inadequate
transition plans
Deloitte clients include
organizations that are
subject to policy, market,
and technology changes
brought by the transition
to a low-carbon economy.
Some Deloitte clients may
not have the ability to
transition or adapt and, as
such, could incur financial
losses leading them
to terminate or curtail
Deloitte services.
A key risk underpinning
the energy transition is
the interdependence
of different industries
that rely on fossil fuels,
including construction,
steel, agriculture, and
consumer industries.
The impact of
decarbonization in these
industries on Deloitte is
not yet well understood.
There is potential for
highly exposed sectors
to negatively impact
Deloitte’s revenues.
Decarbonization presents complex risks to Deloitte, as working with high-emitting clients could harm the firm's reputation and its ability to attract talent. To better understand these financial and operational impacts, Deloitte Global analyzed three key sectors that accounted for over 50% of its total revenue in FY2024: Energy, Resources, and Industrials (ER&I); Government and Public Services (GPS); and Consumer. In the GPS sector, which generated US$12.4 billion (18.5% of revenue), risks vary based on a government's geography and its commitment to climate policy; associating with governments that fail to act on climate change poses a significant reputational threat. The Consumer industry, which generated US$13 billion (19.4% of revenue), faces less direct carbon exposure but serves as a key indicator of how climate change indirectly affects the broader economy.
and
consumer industries.
The impact of
decarbonization in these
industries on Deloitte is
not yet well understood.
There is potential for
highly exposed sectors
to negatively impact
Deloitte’s revenues. For
example, continuing to
work with certain clients
in high-emitting industries
could impact reputation
and lead to challenges in
attracting and retaining
talent (see reputation risk
for additional discussion).
Outlining transition risks for each industry sector and modelling
impact on appetite for Deloitte services, and therefore revenue, is
a highly complex exercise. For this disclosure, Deloitte Global has
selected three industries to explore potential impacts - Energy,
Resources, and Industrials (ER&I), Government and Public Services
(GPS), and Consumer. In FY2024, these industries covered over
50% of aggregate
Government and public services
While all governments are exposed to some amount of risk,
the degree will depend greatly on the government’s ability to
implement mitigation measures and their physical geography.
Countries with weaker economies or regions with lower climate
change risk will be less inclined or able to spend on mitigation or
transition services. There may also be a growing risk to all Deloitte
firms that elect to do business with governments of countries
failing to adopt climate action policies, due to association and
reputation risk. In FY2024, the GPS sector accounted for US$12.4
billion, or 18.5% of aggregate Deloitte firm revenue.
Consumer
While the consumer industry might not have the same levels
of direct exposure as higher-carbon industries, it serves as a
useful indicator of the indirect impacts climate change has on the
broader economy. In FY2024, this industry accounted for US$13
billion, or 19.4% of aggregate Deloitte firm revenue.
Climate change significantly impacts the economy and Deloitte’s business. In FY2024, the Energy, Resources, and Industrials (ER&I) sector generated US$13 billion, representing 19.4% of Deloitte’s total revenue. Shifting consumer preferences are driving market changes, reducing demand for products like plastics and petrol vehicles while increasing interest in alternatives like electric vehicles and meat substitutes. The ER&I sector faces the most disruption under Net-Zero scenarios; while 'Orderly' transitions use carbon removal for a gradual decline in fossil fuels, 'Divergent' transitions lead to a sharp drop after 2040. Meanwhile, demand for Government and Public Services (GPS) consulting will vary by region based on local climate commitments. Notably, working with governments that fail to adopt strong climate policies poses a reputational risk to Deloitte.
as a
useful indicator of the indirect impacts climate change has on the
broader economy. In FY2024, this industry accounted for US$13
billion, or 19.4% of aggregate Deloitte firm revenue.
Rising consumer pressure to take climate action will transform
certain markets. Consider the automotive and agriculture markets
where changing consumer preferences have altered current
business processes.
Similarly, changes in consumer sentiment will reduce demand for
goods and services in certain sectors (e.g., meat consumption,
plastics, petrol vehicles) and increase it for others (e.g., meat-
substitutes, electric vehicles). This may, in turn, impact the mix in
Deloitte’s client base.
Energy, resources, and industrials
Of all major industries, ER&I is the most likely to be
impacted, particularly under the two Net- Zero scenarios,
Orderly and Divergent.
The Current Policies scenario may see a relatively
high and growing share of fossil fuel as a percentage
of total energy use, while both Net-Zero transition
scenarios will see fossil fuel energy use decline, but
on differing timelines. A Divergent Net-Zero transition
will see a steep decline in fossil fuel dependency from
2040 onwards, while the Orderly Net-Zero scenario will
experience a more gradual decline due to a higher use
of carbon removal technologies.
Government and public services
Demand for services from GPS clients will be determined
by region and the different transition speeds and scales
of the Net-Zero scenarios. For example, there may be
demand in the short- to medium-term for consulting
services in regions that have made early net-zero
commitments.
In Current Policies or Divergent Net-Zero scenarios,
continuing to work with governments that are deemed
“climate pariahs” for failing to adopt rigorous climate
action policies may result in increased reputational risk.
Deloitte faces several strategic challenges and opportunities across different climate scenarios. Working with governments that lack strong climate policies poses reputational risks, potentially alienating clients and making it harder to recruit talent. In politically polarized environments, such as those with rising nationalism, Deloitte may be forced to choose between competing governments or even withdraw services from specific countries. In the consumer sector, shifting incomes and government-driven transitions to low-carbon choices may reduce demand for Deloitte’s services. However, Deloitte maintains resilience through its diverse client base, where declines in sectors like fossil fuels can be offset by growth in renewables. Furthermore, by investing in transferable skills for its practitioners, Deloitte ensures its workforce can adapt to changing market demands across different industries.
commitments.
In Current Policies or Divergent Net-Zero scenarios,
continuing to work with governments that are deemed
“climate pariahs” for failing to adopt rigorous climate
action policies may result in increased reputational risk.
As a global network, Deloitte may need to balance the
desire to work with governments in certain regions with
the negative opinions about doing so in other regions.
These differences in opinion could result in some clients
choosing not to engage with Deloitte and could make it
more difficult for Deloitte to attract and retain talent.
In highly politically polarizing situations (e.g., where there
is rising protectionist and nationalist sentiment as may
occur under Divergent Net-Zero), global networks like
deloitte may be prevented from working with competing
governments. This, in turn, could force uncomfortable
choices. In extreme scenarios, this could lead to a
withdrawal of services from entire countries.
Consumer
Changes in consumer incomes will vary under
different scenarios, which, in turn, will impact revenue
for consumer companies. Reduced revenues could
decrease the appetite for Deloitte services.
Declining revenues in this industry are most keenly felt
in high-transition scenarios where government policies
drive consumers toward low-carbon choices.
Deloitte firms have a client
base that is geographically and
industrially diverse. This imparts
some resilience as not all sectors
and service offerings are impacted
in the same way at the same
time. For example, while fossil
fuel related engagements could
decrease, renewable energy related
engagements could simultaneously
increase.
Deloitte also invests heavily in
training and developing our
practitioners. As market shifts play
out under the different scenarios,
the skills we help practitioners
develop will likely be transferrable
to other sectors.
Deloitte invests in training its staff to ensure their skills remain adaptable across different market scenarios. To stay current on global climate policy, the firm sends experts and leaders to United Nations climate conferences. Guided by its 'Commitment to responsible business practices,' Deloitte carefully selects clients and engagements to align with its values, which helps manage regulatory and client conflicts. Furthermore, Deloitte is expanding its service offerings—specifically in technology strategy and sustainability—to help clients navigate climate-related risks, creating new growth opportunities for the firm.
.
Deloitte also invests heavily in
training and developing our
practitioners. As market shifts play
out under the different scenarios,
the skills we help practitioners
develop will likely be transferrable
to other sectors.
As the various scenarios unfold,
Deloitte expects to continue to
send subject matter specialists
and senior leaders as observers to
United Nations climate conferences
to stay informed on where global
climate negotiations are headed.
Deloitte has articulated responsible
business decision-making through
our Commitment to responsible
business practices statement.
This helps inform the types
of clients and engagements
Deloitte will consider. Continued
responsible business dialogue
and consensus may help navigate
conflicting regulations or client
positions, particularly under the
Divergent Net-Zero scenario.
This risk is also partially mitigated
by the potential to increase certain
types of services as described in
the next section.
Transition
2024 GLOBAL IMPACT REPORT
82
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of potential
operations or business
impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Market
Access to new
markets
Changes in revenue mix from
client base
Revenue increases due to
new climate and sustainability
services and growth in other
services such as technology
strategy and transformation
needed by clients to navigate
climate change.
Deloitte has the opportunity to grow client services as a result of
both transition and physical climate-related risks.
Deloitte is well-positioned to help clients navigate climate change through sustainability, technology strategy, and transformation services. New regulatory reporting requirements for climate risk create a significant opportunity for Deloitte to assist companies with data, controls, and disclosure. In the Energy, Resources, and Industrials (ER&I) sector, Deloitte is helping firms transition to renewable energy. For Government and public services, Deloitte provides guidance on policy alignment, data reporting, and clean energy transitions. Similarly, Deloitte is helping Consumer companies adapt their operations. While these sectors are key, all industries—including Health Care and Financial Services—face climate-related risks and will require support to address these challenges.
and sustainability
services and growth in other
services such as technology
strategy and transformation
needed by clients to navigate
climate change.
Deloitte has the opportunity to grow client services as a result of
both transition and physical climate-related risks.
Disclosure requirements
New regulatory reporting requirements on climate risk will create
the need for data, controls, reporting and disclosure in all sectors.
This can be a significant opportunity for Deloitte as the market for
environmental and greenhouse gas disclosures and climate risk
and opportunity reporting expands.
Energy, resources, and industrials Deloitte is already assisting
companies in making the energy transition and is well positioned
to help share leading practices and insights. Renewable energy-
related work is also an expanding part of this sector as many
companies consider alternative energy sources.
Government and public services
As the effects of climate change increase, more developed
economies and countries with high climate change risk are likely
to require help and guidance to limit negative effects. Many
governments may face the same challenges as organizations
— collecting and reporting data, transitioning to clean energy,
ensuring a just transition, etc., and could
look to organizations such as Deloitte to help them on their
journey. Governments may also reach out to organizations such
as Deloitte, to assess the alignment of existing policies to achieve
stated government ESG objectives.
Consumer
Similar to the ER&I sector, Deloitte is in a strong position to help
consumer companies pave new paths and transition business
operations.
While these three sectors are highlighted here, all industries are
expected to be affected in some way as they navigate transition
and physical climate risk. For example, Health Care and Financial
Services are sectors that are facing significant challenges as a
result of climate change and societal expectations around how
they address the issue.
Climate change and shifting societal expectations are creating significant challenges for sectors like Health Care and Financial Services. Deloitte is responding to these risks by investing US$1 billion in sustainability and climate-related services, with the goal of generating over US$3 billion in revenue by 2025. The nature of client demand depends on the climate scenario: 'Orderly Net-Zero' offers steady, early growth; 'Divergent Net-Zero' features delayed but rapid growth in specific areas; and 'Current Policies' focuses on resilience against physical climate impacts. To meet these needs, Deloitte is leveraging technology through alliance partners and collaborating with startups to fill market gaps.
to be affected in some way as they navigate transition
and physical climate risk. For example, Health Care and Financial
Services are sectors that are facing significant challenges as a
result of climate change and societal expectations around how
they address the issue.
All three scenarios provide opportunities to serve
clients but differ in the timing or nature of client
needs. Orderly Net-Zero provides steady and early
growth opportunities as changes are phased in. In
the Divergent Net- Zero scenario, the opportunities
start later, but then accelerate and client
opportunities may be strong in certain geographies
or industries, but not in others. Under the Current
Policies scenario, clients may need services around
resilience, especially as the physical impacts of
climate change increase.
Deloitte recognizes the market
opportunities arising from
climate change and is investing
and expanding capabilities to
serve clients in the climate and
sustainability practice as described
previously in this report. In 2022,
Deloitte announced it will be
investing US$1 billion in client-
related services, data-driven
research, and other capabilities
in the areas of sustainability and
climate change. Deloitte estimates
that growth from this practice area
could result in revenues meeting or
exceeding US$3 billion by 2025.
Many clients will need solutions
that are underpinned by technology
and Deloitte is working with
alliance partners to scale existing
technologies and deploy new
advancements. Deloitte is also
identifying market voids and will
collaborate with startups to bring
new solutions to clients to address
these needs.
Deloitte is scaling existing technologies and collaborating with startups to address market gaps and provide new client solutions. As detailed in the 2024 Global Impact Report, the firm is also managing climate-related risks. Deloitte recognizes that its reputation and ability to attract talent—especially among Gen Z and millennials—depend on its commitment to climate action. The firm faces potential scrutiny regarding its own emissions, its advocacy efforts, and the climate-related services it provides to clients. To address these challenges, Deloitte maintains transparent reporting frameworks, including TCFD and GRI indices, to manage stakeholder expectations and strategic responses.
with
alliance partners to scale existing
technologies and deploy new
advancements. Deloitte is also
identifying market voids and will
collaborate with startups to bring
new solutions to clients to address
these needs.
Transition
2024 GLOBAL IMPACT REPORT
83
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of potential
operations or business
impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Reputation
Increased
stakeholder
concern, negative
stakeholder
feedback
Reduced/Increased revenue
from increase/ decrease in
talent turnover
Internal or external activists
could target Deloitte for the
network’s response (or lack
thereof) to climate change,
the work (or perceived work)
done with clients, direct or
indirect advocacy (e.g., through
trade associations), assets
in investment portfolios, or
Deloitte’s progress in addressing
its own emissions.
This could negatively impact
Deloitte’s reputation, making
it harder to attract and retain
talent. This is particularly true
when it comes to millennial
and Gen Z people who report
strong views on the importance
of employers acting on climate
change2.
Additionally, providing climate-
related services to support
clients as they navigate the
challenges of the net-zero
transition may heighten public
scrutiny of Deloitte’s own
climate ambition and actions.
Deloitte faces potential reputational risks as it advises clients on net-zero transitions, as its own climate actions are under increased public scrutiny. These risks could lead to higher costs for recruiting and retaining talent, increased staff turnover, higher security expenses, and more management time spent addressing activism. Financially, a 1% increase in talent turnover is estimated to cost Deloitte between US$200 million and US$400 million. The impact of these risks varies by geography and climate scenario: an 'Orderly Net-Zero' transition may drive more climate-conscious employment choices, while 'Divergent Net-Zero' or high physical risk scenarios may have less impact, unless severe climate events trigger widespread behavioral changes. To mitigate these risks and maintain a competitive advantage, Deloitte relies on its WorldClimate commitments and GHG emission-reduction goals to build positive brand recognition among clients and employees.
on climate
change2.
Additionally, providing climate-
related services to support
clients as they navigate the
challenges of the net-zero
transition may heighten public
scrutiny of Deloitte’s own
climate ambition and actions.
Increased costs to attract and retain talent
Financial impacts from reputational risks could materialize via
increased costs to attract talent or the inability to do so, increased
turnover of staff, increased security costs for protecting Deloitte
people, and increased management attention required to address
activism.
All these risks could lead to either increased expenses and/
or decreased revenue. These events could also lead to a loss in
competitive advantage. While difficult to determine the financial
impact of these reputational challenges, every 1% increase in
talent turnover is estimated to cost Deloitte between US$200
million and US$400 million.
Employment choices and attitudes toward
climate change differ for different scenarios and
geographies meaning that the financial impacts
also vary.
An Orderly Net-Zero transition sees increasing
concerns over climate change, resulting in more
individuals leading environmental or climate
conscious lifestyles that impact employment
choices. The impacts are less profound in the
Divergent Net-Zero scenario where there is less
alignment between climate consciousness and
employment choices.
High physical risk scenarios are projected to see
smaller proportions of the population leading
a climate-conscious lifestyle and aligning their
employment choices accordingly. This may be due
to a lack of societal reinforcement of the need to
change behavior patterns.
Nevertheless, an increase in the frequency or
severity of physical risk, particularly in high-
vulnerable regions, may result in an overall
increase in climate-conscious behavior.
Deloitte believes that its GHG
emissions- reduction goals and
other WorldClimate commitments
support positive brand recognition
from clients, talent, and other
key stakeholders concerned
about climate change.
Deloitte is prioritizing climate-conscious behavior to strengthen its brand and appeal to stakeholders. By committing to greenhouse gas and travel emission reductions, the firm aims to improve recruitment, retention, and productivity through more flexible work arrangements. To ensure accountability, Deloitte collaborates with organizations like the World Business Council for Sustainable Development, the World Wildlife Fund, and the World Resources Institute, while also educating its employees on climate action. These efforts are critical, as failing to address climate change could damage Deloitte's reputation, lead to a loss of client business, and negatively impact financial performance.
overall
increase in climate-conscious behavior.
Deloitte believes that its GHG
emissions- reduction goals and
other WorldClimate commitments
support positive brand recognition
from clients, talent, and other
key stakeholders concerned
about climate change. These
commitments may also make
Deloitte more attractive as an
employer, increasing our ability
to recruit and retain a skilled
workforce. Finally, Deloitte’s travel
emissions-reduction goals may
increase productivity and could give
Deloitte access to a larger talent
pool due to more flexible travel
requirements.
Deloitte also connects with
external bodies such as the World
Business Council for Sustainable
Development, the World Wildlife
Fund, and the World Resources
Institute to challenge and stretch
our approaches and actions around
climate change challenges.
And, by providing ongoing learning
and development opportunities
for our people, we are deepening
their understanding about climate
change and what actions Deloitte is
taking internally and with clients.
Transition
2024 GLOBAL IMPACT REPORT
84
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Reputation
Increased
stakeholder
concern, negative
stakeholder
feedback
Reduced revenue from
loss of client services
and brand value
Clients could choose to
limit or not do business
with Deloitte if they
perceive Deloitte as not
adequately addressing
climate change within
our own operations and
services
Deloitte faces potential revenue and brand value loss if it fails to address climate change effectively. Clients may reduce business if they perceive Deloitte’s internal operations or services as insufficient. Additionally, associating with clients who lack credible climate transition plans or transparency poses a significant reputational risk. Financially, a 1% drop in annual revenue represents US$670 million based on FY2024 data, and a one-point decline in Deloitte’s Brand Strength Index could reduce brand value by US$400–500 million. Demand for climate services fluctuates based on regional policy and political ambition; for example, demand is higher in the EU due to clear net-zero targets, while demand in the US and Asia Pacific may remain stagnant until 2035 under certain scenarios. Consequently, a robust climate strategy is essential to mitigate these risks.
loss of client services
and brand value
Clients could choose to
limit or not do business
with Deloitte if they
perceive Deloitte as not
adequately addressing
climate change within
our own operations and
services.
Brand risk could also arise
from being associated
with companies who are
themselves not taking
appropriate climate
action, do not have clearly
articulated, credible
transition plans, or who
are not transparent about
their actions to address
climate change.
Reduced revenue from loss of client services and brand
value
Loss of revenue due to a negative reputational issue and loss of
client confidence is difficult to gauge. However, based on FY2024
data, a 1% drop in annual revenue equates to US$670 million.
Brand Finance estimated Deloitte’s total brand value in FY2022
to be US$30 billion3. A one-point loss in Deloitte’s Brand Strength
Index4 is estimated to drop Deloitte’s brand value between US$400
million to US$500 million.
.
Demand for climate-related services varies across
scenarios and geographies.
The Net-Zero scenarios see greater climate awareness
and demand for transition planning services, particularly
in regions with clear net-zero targets and appetites
for developing climate policy, as in the EU. Under the
Current Policies scenario, working with clients that do
not have credible transition plans could be viewed as
contentious.
Demand for client service varies depending on political
ambition and policy responses. In the Divergent
scenario, demand for transition services in Asia Pacific
and the US does not significantly increase until 2035.
Deloitte’s climate strategy and response is critical here
for reducing brand risk.
Deloitte’s climate strategy faces varying global conditions. In the 'Divergent' scenario, demand for transition services in the US and Asia Pacific remains low until 2035, making Deloitte’s climate strategy essential for managing brand risk. Under both 'Current Policies' and 'Divergent Net-Zero' scenarios, Deloitte may face internal polarization regarding climate action. To address this, Deloitte uses its 'WorldClimate' strategy, which focuses on reducing carbon emissions across operations, personnel, and ecosystems. Progress is tracked annually in the Global Impact Report, and the strategy will evolve to meet changing business expectations. Furthermore, Deloitte’s responsible business approach incorporates environmental factors, known as 'Planet,' to guide client selection. Building internal consensus is vital to maintaining consistency, especially when international climate agreements are lacking.
and policy responses. In the Divergent
scenario, demand for transition services in Asia Pacific
and the US does not significantly increase until 2035.
Deloitte’s climate strategy and response is critical here
for reducing brand risk.
Under the Current Policies scenario and the Divergent
Net-Zero scenario, Deloitte firms, geographies, or
industries could become polarized regarding climate
change and the imperative for action.
Deloitte’s WorldClimate strategy
addresses climate action in Deloitte
operations, through our people,
within ecosystems, and includes
goals for carbon reduction.
Progress against WorldClimate
goals, as well as discussion about
Deloitte’s climate actions, are
reported annually in the Global
Impact Report. It is likely the
WorldClimate strategy will also
evolve over time based on changing
expectations for business regarding
climate change and Deloitte’s
commitment to action.
Deloitte’s approach to responsible
business considers the type of
clients and engagements Deloitte
will serve. One area that may
generate certain responsible
business factors is “Planet”, which
considers environmental and
sustainability aspects. Consensus
building will likely be important to
maintain consistency, particularly
when international consensus on
action is not reached as in the
Current Policies and Divergent
Net-Zero scenarios.
Transition
2024 GLOBAL IMPACT REPORT
85
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
str
Deloitte faces potential financial and reputational risks regarding its pension fund investments due to climate change. As global markets transition to a low-carbon economy, pension assets—such as those in 401(k) plans—may lose value if they are tied to sectors vulnerable to policy shifts, technological changes, or physical climate impacts. While defined benefit (DB) plans face direct financial exposure from these 'stranded assets,' defined contribution (DC) plans carry less direct risk to the firm. Because pension programs are managed locally and regulated by country, Deloitte has not yet aggregated total climate risk across all global geographies. Beyond financial loss, Deloitte faces reputational risks; failing to offer sustainable investment options could hinder talent recruitment and retention or trigger internal activism.
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Market
Uncertainty in
market signals
Loss of value of Deloitte
pension funds
Deloitte holds a variety
of pension assets in
investment funds and
in some geographies
also offers retirement
investment programs
that include a number of
available options (e.g., a
401(k) plan in the US) for
the benefit of Deloitte
people.
Deloitte pension fund
holdings could be in
sectors subject to
increasing policy, market,
and technology changes.
As companies transition
to a low-carbon future,
they may lose value
due to stranded assets
or business model
impacts. Pension fund
holdings could lose
value from exposure to
underappreciated and/
or unhedged risks due
to activism risks or the
physical effects of climate
change.
Both defined benefit (DB) and defined contribution (DC) pension
plans may be available to Deloitte people, depending on the
Deloitte firm and location. DB plans may be exposed to financial
risks from possible stranded plan assets, whereas DC programs
do not carry the same risk to Deloitte. In general, pension funds
and retirement programs are regulated at the country level and
managed by Deloitte firms, therefore, aggregation of climate
change risk exposure in pension funds across all geographies has
not been undertaken at this time.
There are also reputational risks associated with Deloitte’s pension
offerings. Failure to provide adequate sustainable investment
options for Deloitte people could negatively impact Deloitte’s ability
to recruit and retain talent or lead to internal activism.
Deloitte faces reputational risks if its pension plans lack sustainable investment options, which could hinder talent recruitment and retention or trigger internal activism. The 'Divergent Net-Zero' scenario poses the greatest threat to both Defined Benefit (DB) and Defined Contribution (DC) pension schemes, primarily by increasing the risk of 'stranded assets.' For DB plans, this could lead to funding gaps and financial strain on the firm. To mitigate these risks, Deloitte US is working with fund managers to improve asset resilience, while other Deloitte firms are expanding sustainable options for DC schemes and pushing managers to integrate climate considerations into their decisions. Currently, there is no global assessment of climate risk across all Deloitte pension funds. Because regulations—such as those in the UK and EU—increasingly require climate risk reporting, Deloitte believes these risks are best managed at the local, country-specific level.
There are also reputational risks associated with Deloitte’s pension
offerings. Failure to provide adequate sustainable investment
options for Deloitte people could negatively impact Deloitte’s ability
to recruit and retain talent or lead to internal activism.
The Divergent Net-Zero scenario is likely to have the
largest impact on Deloitte’s pension plan investments.
This is also the case for retirement investments when
they are held in DC schemes.
Under the Divergent Net-Zero scenario there is a
heightened risk of stranded assets in pension plan
portfolios. This could create funding gaps for DB
schemes, which would have financial implications for the
Deloitte firm involved.
In accordance with local regulatory
frameworks, Deloitte US has been
working with the chosen pension
fund managers to make plan assets
subject to such local regulatory
frameworks more resilient to
transition risks for DB plans.
For DC schemes, some Deloitte
firms are also increasing the
sustainable pension scheme
offerings for Deloitte people, in
accordance with local regulatory
frameworks, and are engaging
directly with fund managers to
ensure climate change is being
considered in their investment
decision making.
To date, no aggregation of
exposure to climate change
risks in pension funds across all
geographies has been undertaken.
Increasingly, country regulators
(including in the UK and EU)
require or may soon require
pension trustees to report the
financial impact of climate risk on
their pension schemes. Given the
regulatory environments within
which pension funds operate,
climate risk will likely best be
evaluated and managed at the
country level.
Pension trustees are now required to report how climate change impacts their schemes, a task best managed at the country level due to varying regulations. For Deloitte, the evolving landscape of climate reporting presents both opportunities and risks. While new disclosure requirements may increase demand for Deloitte’s services, they also raise the risk of litigation and regulatory inquiries, as climate-related standards remain inconsistent globally. Stakeholders, such as activists, may also challenge whether auditors are properly addressing climate risks. These challenges could lead to higher legal costs, increased insurance premiums, potential reputational damage, and significant management distraction. Among various climate scenarios, the 'Orderly Net-Zero' path is considered the least likely to trigger litigation due to its focus on collective global action.
pension trustees to report the
financial impact of climate risk on
their pension schemes. Given the
regulatory environments within
which pension funds operate,
climate risk will likely best be
evaluated and managed at the
country level.
Transition
2024 GLOBAL IMPACT REPORT
86
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and
strategic approach
Policy and legal
Exposure to
litigation
Exposure to increased
climate litigation and
regulatory inquiries
Expanded climate risk
reporting and disclosure
requirements could
increase the demand for
related Deloitte services.
It could also, however,
increase the number of
litigations, particularly
since the practices and
regulations around
climate change are in
the formative stages of
development and can also
vary across geographies.
Also, certain stakeholders,
such as climate activists,
may question whether
auditors of client
financial statements
have appropriately
considered climate risk
under applicable legal and
professional standards.
These risks could result in litigation costs or regulatory inquiries
and require management time and attention. Litigation could
further impact brand and reputation as described earlier, even if it
is ultimately unsuccessful.
Professional indemnity insurance premiums could also increase,
leading to a potential decrease in profits or increasing costs to
Deloitte clients.
The Orderly Net-Zero scenario likely has the lowest risk
of litigation given the agreement on collective action.
Deloitte faces potential financial risks from rising professional indemnity insurance premiums, which could lower profits or increase costs for clients. Litigation risks vary by climate scenario: the 'Orderly Net-Zero' scenario poses the lowest risk, while the 'Divergent Net-Zero' and 'Current Policies' scenarios increase the likelihood of legal action, particularly from activists. To manage these risks, Deloitte actively supports global sustainability standards, such as the International Financial Reporting Standards Foundation’s climate disclosure work, and ensures its practitioners are trained on relevant policies and quality standards. Additionally, Deloitte faces operational and financial risks from government-mandated carbon pricing and rising energy costs, which may increase company expenses.
.
Professional indemnity insurance premiums could also increase,
leading to a potential decrease in profits or increasing costs to
Deloitte clients.
The Orderly Net-Zero scenario likely has the lowest risk
of litigation given the agreement on collective action.
Both the Divergent Net-Zero and Current Policies
scenarios are likely to lead to polarization from which
litigation activity is more likely to arise, particularly from
activists under the Current Policies scenario.
Deloitte has been proactive in
supporting consistent global
sustainability standards, through
contributing to the International
Financial Reporting Standards
Foundation’s climate disclosure
work, engaging with industry
groups, and actively participating
in various global platforms, to help
enable consistent, high-quality
reporting and auditing of climate-
related matters, which are subject
to scrutiny from climate activists
and other stakeholders.
Deloitte also educates and trains
its practitioners to understand the
policies, practices, and standards
to which they must adhere to
while performing their work and
conducts internal quality reviews of
engagements.
Transition
2024 GLOBAL IMPACT REPORT
87
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
TCFD risk
categorization
Description of
potential operations
or business impacts
Potential financial impacts
Impacts under
different scenarios
Management response and strategic approach
Policy and legal
Increased pricing of
GHG emissions
Rising energy costs
Government-mandated
external carbon-pricing
policies — such as taxes
on aviation, energy,
or the elimination of
fuel subsidies — could
increase Deloitte’s
expenses.
Deloitte faces potential financial risks from government carbon-pricing policies, such as aviation taxes and the removal of fuel subsidies. These policies could increase Deloitte's expenses directly or indirectly through higher costs from suppliers, particularly utility providers. Business travel remains a major source of Deloitte's greenhouse gas emissions, and carbon taxes could significantly raise flight costs. While some areas, like Audit & Assurance, require more in-person work, Deloitte aims to mitigate these impacts. Although electricity costs currently represent less than 5% of operating expenses, Deloitte estimates that carbon pricing could increase non-client air-travel costs by US$90 million to US$110 million by 2030. The firm expects to offset roughly half of these costs by meeting its 2030 travel emissions-reduction targets.
GHG emissions
Rising energy costs
Government-mandated
external carbon-pricing
policies — such as taxes
on aviation, energy,
or the elimination of
fuel subsidies — could
increase Deloitte’s
expenses. These pricing
mandates could affect
Deloitte directly or
indirectly if the costs
are passed through by
vendors.
Energy costs to Deloitte
could also increase if
suppliers facing carbon-
pricing regulations,
particularly utility
providers, pass the
financial impacts through
to Deloitte.
Given the need to meet
with Deloitte clients,
business travel remains a
significant and consistent
source of greenhouse gas
emissions for Deloitte.
The cost of flights could
increase as a result of
carbon taxes on airline
emissions or aviation fuels.
Note that travel reductions
may not occur uniformly
across all Deloitte
businesses as some
businesses, such as Audit
& Assurance, may require
more on-site presence
to achieve expected
standards of quality.
Carbon-pricing policies vary across scenarios, geographies, and
jurisdictions.
The magnitude of this risk is considered low because, historically,
electricity costs are less than 5% of Deloitte operating costs.
Based on an assumed price of US$200 per metric ton of carbon
dioxide equivalents, Deloitte’s potential increase in air-travel costs
from carbon-price exposure could be in the range of US$90 million
to US$110 million in 2030. These are the costs associated with
non-client service travel and are based on pre-pandemic levels
of travel. We estimate approximately half of these costs could be
mitigated if Deloitte meets its 2030 travel emissions-reduction
targets.
Deloitte’s non-client travel costs are currently based on pre-pandemic levels, but meeting 2030 emissions-reduction targets could cut these expenses by half. Regarding carbon pricing, the 'Orderly Net-Zero' scenario expects gradual policy changes starting in 2025, while the 'Divergent' scenario anticipates more disruptive policies beginning in 2035. Technological advancements in battery storage and solar energy are making renewable power more affordable and accessible. Deloitte can leverage these trends by choosing sustainable, energy-efficient office spaces and utilizing virtual power purchase agreements to secure long-term renewable energy. While transitioning to efficient, leased properties will help reduce emissions and costs, Deloitte may face higher competition and potential price increases for green real estate as more organizations pursue similar sustainability goals.
the costs associated with
non-client service travel and are based on pre-pandemic levels
of travel. We estimate approximately half of these costs could be
mitigated if Deloitte meets its 2030 travel emissions-reduction
targets.
Both Net-Zero scenarios
see significant increases in
carbon-pricing policies and
other disclosure costs, though
these vary across regions and
jurisdictions. The Orderly Net-
Zero scenario sees gradual
introduction of carbon policies
from 2025 onwards, which
are implemented in a smooth
fashion, rising gradually.
In the Divergent scenario,
carbon- pricing policies are
implemented from 2035
onwards and become more
disruptive.
Improvements in battery storage, reduction in cost-per-
unit of solar panels, and other technology innovations are
expected to continue to drive down the cost of renewable
energy. The marketplace for renewable energy is also
growing, and in many jurisdictions, it is becoming cheaper
while benefiting from more flexible regulations. With the
opportunity to select more sustainable offices or renewable
sources of power, Deloitte could benefit from energy
efficiency cost savings, lower emissions, and boosted
reputation from sustainable and smart buildings.
Most Deloitte offices are leased rather than owned. As
leases expire, Deloitte can choose properties that are more
efficient, thereby reducing energy consumption in the
medium- to long-term. That said, competition for energy-
efficient real estate is expected to increase in the future
as other organizations look to reduce greenhouse gas
emissions and costs. This could potentially increase future
costs for Deloitte as we seek to achieve carbon-reduction
goals. Deloitte firms are also exploring contractual options
for longer-term renewable energy through virtual power
purchase agreements which would lock in low-carbon energy
sources.
Deloitte is implementing its WorldClimate strategy to lower energy costs and reach sustainability goals by 2030. Key initiatives include sourcing 100% renewable electricity, transitioning the company fleet to hybrid and electric vehicles, and purchasing sustainable aviation fuel. By reducing business travel through increased use of videoconferencing, Deloitte aims to cut travel costs by US$500 million to US$800 million by 2030. Additionally, the firm is exploring long-term renewable energy contracts and optimizing its real estate footprint as it adapts to post-pandemic work models.
costs for Deloitte as we seek to achieve carbon-reduction
goals. Deloitte firms are also exploring contractual options
for longer-term renewable energy through virtual power
purchase agreements which would lock in low-carbon energy
sources.
Deloitte also has the opportunity to reduce its overall real
estate footprint as post-pandemic, return-to-work scenarios
are developed and tested. This could change the overall real
estate portfolio depending on which Deloitte office leases
are terminated or not renewed.
As part of Deloitte’s WorldClimate strategy, Deloitte has
committed to reducing business travel emissions 55% per
FTE from FY2019 levels by FY2030, sourcing 100% renewable
electricity for our buildings by FY2030, and converting 100%
of our fleet to hybrid and electric vehicles by FY2030. All
these actions should help mitigate an increase in energy
costs. For example, meeting Deloitte’s emissions-reduction
targets by reducing travel and increasing the use of
videoconferencing technologies could reduce Deloitte travel
costs by US$500 million to US$800 million in 2030 (assuming
pre-pandemic levels of travel).
Deloitte has also started to purchase sustainable aviation
fuel, and if purchasing is expanded, this could also serve as a
mitigation measure.
Transition
2024 GLOBAL IMPACT REPORT
88
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Materiality
Table 3 brings a qualitative financial
materiality perspective to the relative
impacts based on the assumptions
and inputs previously detailed.
This report outlines the financial materiality of climate-related risks and opportunities for FY2024, following Global Reporting Initiative (GRI) standards. Materiality is determined by assessing the likelihood and magnitude of impacts after accounting for existing mitigation measures, using Deloitte Global Enterprise Risk Management criteria. In the summary table, green circles indicate risks and blue circles indicate opportunities. Key risks include acute physical threats (such as cyclones and floods causing property damage) and chronic physical threats (such as rising temperatures affecting workforce productivity and client operations). These factors are analyzed across short, medium, and long-term timeframes under various climate scenarios, including Orderly, Divergent, and Current Policies.
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Materiality
Table 3 brings a qualitative financial
materiality perspective to the relative
impacts based on the assumptions
and inputs previously detailed. Both
likelihood and magnitude are considered
when determining the overall materiality
of an impact on a residual basis (i.e., with
consideration to mitigation measures
already in place). The scales used to
assess the likelihood and magnitude of
risks are aligned with the Deloitte Global
Enterprise Risk Management criteria.
Risks and opportunities with the highest
likelihood and largest financial magnitude
are deemed the most material. Green
circles represent risks while blue circles
represent opportunities.
Table 3: Risk summary with qualitative materiality comparisons
TCFD risk categorization
Risk description
Timeframe
Scenario
2030
2040
2050
Physical — Acute
Increased severity and/or frequency of extreme
weather events, such as cyclones and floods
Increases in real estate and
operational costs due to property
damage
Short, medium,
and long term
Orderly
Divergent
Current Policies
Physical — Acute
Increased severity and/or frequency of extreme
weather events such as cyclones and floods
Physical — Chronic
Rising mean temperatures, changes in precipitation
patterns, and extreme variability in weather patterns
Reduced revenue due to productivity
loss and higher costs from negative
impacts on workforce (including data
and delivery centers)
Short, medium,
and long term
Orderly
Divergent
Current Policies
Physical — Chronic
Rising mean temperatures, changes in precipitation
patterns, and extreme variability in weather patterns
Reduced revenue from disruption
to clients (either through loss of
business or productivity)
Short, medium,
and long term
Orderly
Divergent
Current Policies
Transition — Market
Changing customer behavior and uncertainty
in weather patterns
Reduced revenue from disruption
to clients (either through loss of
business or productivity)
Short, medium,
and long term
Orderly
Divergent
Current Policies
Transition — Market
Changing customer behavior and uncertainty in
market signals
Decreased revenues from highly-
exposed sectors or those with in-
adequate transition plans, shifts of
demand for services across different
entities and sectors
Medium to
long term (all
sectors)
Orderly
Divergent
Current Policies
Transition — Market
Access to new markets
Changes in revenue mix from client
base, with increased demand in
certain geographies or sectors (e.g.,
government and public service)
Short to long
term (all
sectors)
Orderly
Divergent
Current Policies
Transition — Reputation
Increased stakeholder concern or negative
stakeholder feedback
Reduced/increased revenue from an
increase/decrease in talent turnover
(e.g., employee attraction and
retention)
Medium to long
term
Orderly
Divergent
Current Policies
Transition — Reputation
Increased stakeholder concern or negative
stakeholder feedback
Reduced revenue from loss of client
services and brand value
Medium to long
term
Orderly
Divergent
Current Policies
Transition — Market
Uncertainty in market signals
Loss of value of Deloitte firm pension
funds
Medium to long
term
Not quantified
Transition — Policy and legal
Exposure to litigation
Exposure to increased climate
litigation and regulatory inquiries
Short and
medium term
Not quantified
Transition — Policy and legal
Increased pricing of GHG emissions
Rising energy costs
Medium to long
term
Orderly
Divergent
Current Policies
Risk materiality
Opportunity
materiality
Key
Lower
Higher
Circle indicators for reduced/increased revenue from
an
Deloitte integrates climate risk into its formal Enterprise Risk Frameworks (ERFs) at both the global and member firm levels. This process ensures the company identifies, assesses, and manages risks that could affect its strategy, reputation, and financial stability. Climate change and ESG disclosure are recognized as priority risks within the Deloitte Global ERF. For FY2024, the Deloitte Global Chief People & Purpose Officer and the Deloitte Global Purpose Officer were appointed as the official risk owners for these areas.
Rising energy costs
Medium to long
term
Orderly
Divergent
Current Policies
Risk materiality
Opportunity
materiality
Key
Lower
Higher
*Circle indicators for reduced/increased revenue from
an increase/decrease in talent turnover represent the
materiality of both risks and opportunities
2024 GLOBAL IMPACT REPORT
89
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Risk management
Climate risk is embedded into Deloitte’s
formal risk management processes.
Deloitte has a robust process for
identifying, assessing, managing, and
monitoring all risks, both at the Deloitte
Global and at the Deloitte member
firm level, through their respective
Enterprise Risk Frameworks (ERFs).
The Deloitte Global ERF sets out the
Deloitte Global Executive’s assessment
of the priority risks and emerging risks
facing Deloitte, specifically those that
could impact the ability of Deloitte to
achieve its strategic priorities, meet its
public interest obligations, protect its
reputation and people, and operational
and financial resilience. Deloitte firm
ERFs are managed in coordination with
the Deloitte Global ERF. Deloitte Global
priority risks and emerging risks are
assigned a risk owner drawn from senior-
level leadership.
Climate change and ESG disclosure
is a priority risk within the Deloitte
Global ERF. The Deloitte Global Chief
People & Purpose Officer and the
Deloitte Global Purpose Officer were
assigned as the climate change and
ESG disclosure risk owners during
FY2024.
In FY2024, the Deloitte Global Chief People & Purpose Officer and the Deloitte Global Purpose Officer managed two key risks within the Deloitte Global Enterprise Risk Framework (ERF): climate change/ESG disclosure and Purpose/responsible business. Climate risks are evaluated using scenario analysis, while reputational risks are managed under the Purpose and responsible business category. To ensure effective oversight, the Deloitte Global ERF team, the Chief Risk Officer (CRO), and risk owners maintain frequent communication. They hold regular meetings to assess risk exposure, track internal and external trends, review mitigation progress, and update key risk indicators.
within the Deloitte
Global ERF. The Deloitte Global Chief
People & Purpose Officer and the
Deloitte Global Purpose Officer were
assigned as the climate change and
ESG disclosure risk owners during
FY2024. The climate change and ESG
disclosure risk is comprised of defined
physical and transition risks, which have
been assessed in line with the ERF and
governance processes and informed
by qualitative and quantitative scenario
analysis. Deloitte’s reputational risks
associated with climate change are
considered as part of the Purpose and
responsible business risk, another
priority risk captured in the Deloitte
Global ERF. During FY2024 the Deloitte
Global Chief People & Purpose Officer
and Deloitte Global Purpose Officer were
also the risk owners for the Purpose and
responsible business risk.
There is ongoing and frequent dialogue
between the Deloitte Global ERF team,
who facilitates the operation of the
Deloitte Global ERF, the Deloitte Global
risk owners, and other Deloitte Global
teams to help ensure early identification
and escalation of any matters requiring
consideration by the risk owner or
the Deloitte Global Chief Risk Officer
(CRO). This is complemented by a
regular cadence of meetings between
the Deloitte Global CRO, the Deloitte
Global Enterprise Risk Management
team, and each Deloitte Global risk
owner, during which the exposure to
each risk is discussed and assessed.
During these meetings the internal and
external drivers and trend of the risk
are discussed as well as the key mitigation
activities and their status. Key risk
indicators used to monitor the risk are also
identified or updated.
Deloitte manages priority risks through regular meetings that evaluate internal and external trends, mitigation progress, and key risk indicators. The Deloitte Global CRO provides updates to the Deloitte Global Executive, while the Risk and Ethics Committee of the Deloitte Global Board conducts regular reviews. As of May 2024, Deloitte’s priority enterprise risks are categorized by their primary impact: brand and reputation, strategic success, operational and financial resilience, or impact on people and values. While these risks often overlap, they are classified by their most significant potential effect.
and assessed.
During these meetings the internal and
external drivers and trend of the risk
are discussed as well as the key mitigation
activities and their status. Key risk
indicators used to monitor the risk are also
identified or updated.
The Deloitte Global CRO reports on
Deloitte’s priority risks at a regular cadence
to the Deloitte Global Executive, enabling
discussion of risk exposures and mitigation
actions. Priority risks are also regularly
reviewed by the Risk and Ethics Committee
of the Deloitte Global Board.
2024 GLOBAL IMPACT REPORT
90
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Priority risks
A full list of priority enterprise risks
and opportunities (as of May 2024) are
detailed in the Risk and opportunity
management overview. These risks
have been identified based on potential
primary impact, which includes loss
of opportunity. The risks have been
categorized as follows:
• Risks impacting Deloitte’s brand,
reputation and/or public interest
obligations
• Risks impacting Deloitte’s strategic
success or market differentiation
• Risks impacting Deloitte’s operational
and financial resilience
• Risks impacting Deloitte’s people,
Purpose and Shared Values
It is recognized that risks do not operate
in discrete categories, and they may
have more than one impact. However,
for the purposes of categorization,
the focus is on the potential primary
impact.
Deloitte manages risks by focusing on their primary impacts, even though risks often overlap. Two key priority risks are: 1) Climate change and ESG disclosure risk, which involves addressing climate impacts on people, facilities, and clients while meeting regulatory reporting standards; and 2) Purpose and responsible business risk, which focuses on upholding Deloitte’s values and commitments. These risks are actively monitored through established governance processes. Deloitte assesses these risks as Medium, High, or Very High based on their residual impact and likelihood. This assessment is conducted by subject matter experts, risk owners, and the Deloitte Global Enterprise Risk Management team, who consider external factors like regulatory changes and financial modeling of climate scenarios to determine the final risk exposure.
Purpose and Shared Values
It is recognized that risks do not operate
in discrete categories, and they may
have more than one impact. However,
for the purposes of categorization,
the focus is on the potential primary
impact. Risks impacting operational and
financial resilience include the Climate
change and ESG disclosure risk which
is described as “proactively responding
to the impacts of climate change that
affect Deloitte people, facilities, suppliers,
or clients and meeting ESG regulatory
reporting requirements or expectations
for disclosure.” The reputational
risks relating to climate change are
also embedded in the Purpose and
responsible business risk which is
described as “living up to Deloitte’s
Purpose and Shared Values, meeting
its responsible business commitments,
and connecting its people to purpose
in their day-to-day work.” As priority
risks, these risks are actively monitored
and managed through the governance
process described earlier.
All priority risks are assessed according
to one of three risk exposure levels:
Medium, High or Very High, and Deloitte
Global has assessed one or more
risks at each of these levels. These risk
exposure levels are assessed by taking
into account both residual impact and
residual likelihood. For priority risks,
residual impact is typically assessed as
“moderately significant” to “colossal” and
residual likelihood is typically assessed
as “possible” to “virtually certain.”
Subject matter specialists as well as
the risk owners and the Deloitte Global
Enterprise Risk Management team
consult together in assessing the overall
risk exposure level with external factors
and information, including regulatory
changes, being taken into account.
Assumption driven financial modeling
was done to assess the potential financial
impact of climate change under the chosen
climate scenarios and the output was
also considered in evaluating overall risk
exposure.
In FY2024, Deloitte assessed the financial impact of climate change using assumption-driven modeling, identifying 'Climate Change and ESG disclosure risk' and 'Purpose and responsible business risk' as high-priority areas. The company tracks its progress through annual performance metrics, including greenhouse gas emissions, energy use, and renewable energy adoption. Beyond these metrics, Deloitte monitors climate-related risks such as severe weather events that could threaten employee safety or service delivery, as well as workforce demographics and the climate-related sentiments of millennial and Gen Z employees to gauge reputational and activism risks. These findings are detailed in the 2024 Global Impact Report, which includes various reporting frameworks like the Task Force on Climate-Related Financial Disclosures (TCFD) and the Global Reporting Initiative (GRI).
including regulatory
changes, being taken into account.
Assumption driven financial modeling
was done to assess the potential financial
impact of climate change under the chosen
climate scenarios and the output was
also considered in evaluating overall risk
exposure. During FY2024, Climate Change
and ESG disclosure risk and Purpose and
responsible business risk were categorized
as having “High” risk exposure.
2024 GLOBAL IMPACT REPORT
91
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Metrics and targets
Deloitte annually calculates and reports
a set of performance metrics, including
environmental indicators such as
greenhouse gas emissions (by source,
greenhouse gas scope, and intensity),
energy consumption and renewable
energy adoption in the performance
metrics table. While these metrics
provide an overall perspective on how
Deloitte is making progress toward
its own emission- performance goals,
other measures are also monitored and
discussed in assessing climate-related
risks and opportunities.
These include:
• Severe weather events or other
physical events that impact the safety
of Deloitte people and/or materially
reduce Deloitte firms’ ability to deliver
client service. Any such event would
be reported to senior leadership in
the relevant local geography.
• The demographic breakdown of
Deloitte people and millennial and
Gen Z sentiment regarding climate
change, which provides insight on
reputational and activism risk.
Deloitte reports climate-related risks and opportunities to local senior leadership based on several key factors: employee demographics and the climate concerns of Gen Z and millennials (as highlighted in the Deloitte Global Gen Z and Millennial Survey); the World Economic Forum’s (WEF) Global Risks Report; changes in national regulations and emissions goals; feedback from investors, regulators, and NGOs; revenue from sustainability services; market trends in renewable energy credits and offsets; and the frequency of client inquiries regarding Deloitte’s climate actions. Environmental data and calculation methodologies are available in the performance metrics tables and the Basis of Reporting. By translating climate risks into financial metrics, Deloitte has made complex sustainability data more accessible to senior leadership and a broader business audience.
would
be reported to senior leadership in
the relevant local geography.
• The demographic breakdown of
Deloitte people and millennial and
Gen Z sentiment regarding climate
change, which provides insight on
reputational and activism risk. In
recent years, the Deloitte Global Gen
Z and Millennial Survey has shown
that climate change continues to
be a primary societal concern for
both millennials and Gen Zs, the
demographic groups that make up
the majority of Deloitte’s people.
• The WEF’s Global Risks Report and
the number of climate-related risks
in the top 10 risks by likelihood and
impact.
• Regulatory and country legislation
changes, including those related
to required actions and country
emissions goals.
• Investor, regulator, and non-
governmental organization activities,
publications, and reports.
• Changes in revenue generated from
sustainability services.
• Changes in market pricing and
availability of offsets and renewable
energy credits, as well as reputational
challenges associated with their use.
• The frequency and type of Deloitte
client inquiries regarding Deloitte
climate actions and climate services.
Environmental metrics can be found
in the performance metrics tables. A
detailed explanation of methodologies
used in calculating the emissions can be
found in the Basis of Reporting.
The path forward
Identifying risks and opportunities and
translating those into financial metrics
has allowed deeper conversations with
a wider group of stakeholders, including
senior leaders. The focus on estimated
financial metrics has also served to make
greenhouse gas emissions numbers and
climate scenarios, which are generally
under the purview of a small set of
sustainability practitioners within the
network, more accessible to a larger
business audience.
By using financial metrics, Deloitte has made complex climate data and greenhouse gas emissions more understandable for a broader business audience. Consequently, Deloitte Global continues to support and recommend the TCFD framework for climate reporting. This report includes data affected by the COVID-19 pandemic; while many estimates rely on pre-pandemic practices, these figures help illustrate the risks and opportunities of returning to traditional business models. Deloitte acknowledges the urgent need to reduce emissions to limit global warming to 1.5°C and remains committed to climate action. This document also serves as a reference for Deloitte’s governance, stakeholder engagement, and performance metrics, including disclosures aligned with the GRI and TCFD frameworks.
financial metrics has also served to make
greenhouse gas emissions numbers and
climate scenarios, which are generally
under the purview of a small set of
sustainability practitioners within the
network, more accessible to a larger
business audience. For these reasons,
Deloitte Global sees continued value in
the TCFD framework for climate change
reporting and encourages others to use it
as well.
This disclosure reflects results that were
impacted by the COVID-19 pandemic.
Many of the underlying assumptions in
the financial estimates are based on pre-
pandemic business practices. We recognize
that the pandemic is likely to permanently
change some of the ways in which Deloitte
and Deloitte clients operate, but it is too
early to glean sufficient insight into these
long-term business impacts or incorporate
them as the basis for estimations. Using
pre-pandemic levels, nevertheless, gives
insight into the risks and opportunities of
returning to pre-pandemic, business-as-
usual practices.
Deloitte recognizes that we are in the
crucial years for reducing global
emissions if we are to limit global
warming to 1.5° C. Deloitte is committed
to taking climate action and encourages
and supports others in doing so as well.
92
Stakeholder capitalism
metrics reference table
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Principles of governance
Core metrics and disclosures
Theme
Metric
Response
Governing purpose
1. Setting purpose
Refer to Governance overview
Quality of governing body
2.
In its FY2024 Global Impact Report, Deloitte outlines its commitment to stakeholder capitalism and the UN Sustainable Development Goals. The report provides a framework for governance, ethics, and risk management, referencing specific sections for core metrics such as anti-corruption, stakeholder engagement, and board composition. Deloitte adheres to the Stakeholder Capitalism Metrics established by the World Economic Forum’s International Business Council, which it formally adopted in 2021.
Environmental Performance Data
Limited Assurance Report FY2024
Principles of governance
Core metrics and disclosures
Theme
Metric
Response
Governing purpose
1. Setting purpose
Refer to Governance overview
Quality of governing body
2. Governance body
composition
Refer to Leadership and governance and Deloitte Global Board of Directors
Stakeholder engagement
3. Material issues impacting
stakeholders
Refer to Stakeholder engagement and materiality
Ethical behavior
4. Anti-corruption
Refer to Anti-corruption commitment and Performance metrics: Governance
5. Protected ethics advice and
reporting mechanisms
Refer to Ethics
Risk and opportunity
oversight
6. Integrating risk and
opportunity into business
process
Refer to Risk and opportunity management
Expanded metrics and disclosures
Theme
Metric
Response
Governing purpose
Purpose-led management
Refer to Leadership and governance, Letter from leadership, and Stakeholder
engagement and materiality
2024 GLOBAL IMPACT REPORT
93
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Deloitte is committed to the principles
of stakeholder capitalism for long-term
enterprise value creation and helping
address the societal priorities enshrined
in the United Nations Sustainable
Development Goals. In 2021, Deloitte
signed the “Commitment to Adopt and
Implement the Stakeholder Capitalism
Metrics,” sponsored by the International
Business Council (IBC) of the World
Economic Forum (WEF).
In 2021, Deloitte committed to the World Economic Forum’s Stakeholder Capitalism Metrics, which provide universal standards for reporting on people, planet, prosperity, and governance. For the fiscal year ending May 31, 2024, Deloitte reported against 21 core and two expanded metrics. Regarding environmental impact, Deloitte tracks greenhouse gas emissions, follows TCFD guidelines for climate governance, and monitors land use. Notably, 10% of Deloitte’s facilities are located in protected or biodiversity-sensitive areas. The firm has also completed an assessment of its nature and biodiversity impacts across its operations and supply chain and is a member of the Taskforce on Nature-related Financial Disclosures.
Goals. In 2021, Deloitte
signed the “Commitment to Adopt and
Implement the Stakeholder Capitalism
Metrics,” sponsored by the International
Business Council (IBC) of the World
Economic Forum (WEF). Deloitte
helped lead the effort to identify a set
of universal, comparable stakeholder
capitalism metrics focused on people,
planet, prosperity and principles of
governance that organizations can report
on regardless of industry or region. This
index represents our reporting against
the 21 core metrics and two expanded
metrics for the fiscal year ending 31
May 2024. We continue to look for
opportunities for further transparency
on the topics which are material to our
business.
Planet
Core metrics and disclosures
Theme
Metric
Response
Climate change
7. Greenhouse gas (GHG) emissions
Refer to Performance metrics: Environment and Environmental overview
Quality of governing body
8. TCFD implementation
Refer to the Deloitte TCFD report
Nature loss
9. Land use and ecological sensitivity
Refer to Environmental overview
Based on analysis performed on owned or leased facilities in Deloitte’s operational control at the beginning of FY2024,
10% of total facilities (representing 8% of total square footage) were located in a protected area or key biodiversity area
(KBA).
In FY2024, Deloitte completed an assessment of nature and biodiversity impacts within its direct operations and the
indirect pressures resulting from the most material categories of its supply chain. Additional work to prioritize the
reduction of negative impacts to, and encourage positive outcomes for, nature and biodiversity is underway to build on
this assessment.
Deloitte recognizes the importance of this topic and is a member of the Taskforce on Nature-related Financial
Disclosures.
Freshwater availability
10.
Deloitte is committed to supporting nature and biodiversity, notably through its membership in the Taskforce on Nature-related Financial Disclosures. Regarding water usage, Deloitte’s direct impact is minimal, as water is mainly used for office sanitation. However, the firm acknowledges its indirect impact through its supply chain. In FY2024, Deloitte began tracking water consumption at its facilities located in high-water-stress areas to improve future water management. The firm also maintains rigorous reporting standards for climate change, including Paris-aligned greenhouse gas emission targets. Regarding social responsibility, Deloitte tracks diversity, inclusion, and pay equity, and ensures all entities strictly comply with local and national wage laws.
and encourage positive outcomes for, nature and biodiversity is underway to build on
this assessment.
Deloitte recognizes the importance of this topic and is a member of the Taskforce on Nature-related Financial
Disclosures.
Freshwater availability
10. Water consumption and withdrawal in
water-stressed areas
Refer to Environmental overview
Deloitte has limited direct water-related impacts within its operations, as water is primarily used for sanitation purposes
in offices. Deloitte recognizes, however, that water is also embedded in its supply chain.
In FY2024, Deloitte identified owned or leased facilities within its operational control that are located in areas with
high or extremely high baseline water stress. Deloitte started collecting annual water use data for the largest of
these facilities in FY2024 and anticipates analyzing information, expanding collection locations, and improving data
quality toward the goal of improving water management practices over time.
Expanded metrics and disclosures
Theme
Metric
Response
Climate change
Paris-aligned GHG emission targets
Refer to Performance metrics: Environment and Environmental overview
2024 GLOBAL IMPACT REPORT
94
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
People
Core metrics and disclosures
Theme
Metric
Response
Dignity and equality
11. Diversity and inclusion (%)
Refer to Social overview and Performance metrics: Our people
12. Pay equality (%)
Refer to Women’s equity
13. Wage level (%)
Deloitte entities are required to comply with applicable local laws, and have processes and controls in place to comply with all
applicable national and local wage laws.
14.
equality (%)
Refer to Women’s equity
13. Wage level (%)
Deloitte entities are required to comply with applicable local laws, and have processes and controls in place to comply with all
applicable national and local wage laws.
14. Risk for incidents of child,
forced, or compulsory labor
Refer to Human rights and Ethics
Health and well-being
15. Health and safety (%)
Refer to Mental health and Global security
Workplace injuries and fatalities are extremely rare in the professional services industry. Deloitte offers its people healthcare
insurance plans that meet or exceed the requirements governed by the country they live in.
Skills for the future
16. Training provided (#, $)
Refer to Learning and development and Performance metrics: Our people
Prosperity
Core metrics and disclosures
Theme
Metric
Response
Employment and wealth
generation
17. Absolute number and rate of
employment
Refer to Performance metrics: Our people
18. Economic contribution
Refer to Business overview, Social overview, and Performance metrics: Societal impact
Information on certain economic contribution indicators is considered confidential to Deloitte given its organizational structure.
19. Financial investment contribution
This metric is not relevant to Deloitte given its organizational structure.
Innovation of better
products and services
20. Total R&D expenses ($)
Refer to Artificial intelligence and innovation and Performance metrics: Business
Community and social
vitality
21. Total tax paid
Each Deloitte entity is organized as a separate and independent legal entity and is subject to the tax laws applicable to it
in the jurisdictions in which it is formed and otherwise operates. For this reason, tax reporting obligations will vary across
Deloitte entities. Certain Deloitte entities are structured as partnerships or other legal entities that are ‘flow-through’
for tax purposes, and as such, income tax is not paid at the entity level, but by individual partners or members.
Deloitte consists of Deloitte Touche Tohmatsu Limited (DTTL) and its independent member firms and related entities. Because these are legally separate, there is no central Deloitte headquarters. Some Deloitte entities are structured as 'flow-through' partnerships, meaning income tax is paid by individual partners rather than the entity itself. Depending on local laws, some entities may publicly report their tax strategies and payments. This information is part of the 2024 Global Impact Report, which includes various performance metrics, reporting frameworks, and disclosures.
Deloitte entities. Certain Deloitte entities are structured as partnerships or other legal entities that are ‘flow-through’
for tax purposes, and as such, income tax is not paid at the entity level, but by individual partners or members. Certain
Deloitte entities report their tax strategy, which may include taxes paid, under local statutory requirements.
2024 GLOBAL IMPACT REPORT
95
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
96
Global Reporting Initiative
(GRI) index
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 2: General Disclosures 2021
GRI Standard
Report location or disclosure
2-1 Organizational details
Deloitte network structure; Locations
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms,
and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms and related
entities are legally separate and independent entities.
As such, there is no Deloitte headquarters.
Deloitte Global (DTTL) and its member firms are legally independent entities, meaning there is no single global headquarters. For administrative purposes, DTTL’s principal place of business is 1221 Avenue of the Americas, New York, NY 10020, USA. This sustainability report aggregates performance data across the entire Deloitte network. Inquiries regarding this report should be sent to GlobalReport@Deloitte.com. Select environmental metrics for FY2024 have received limited assurance from BDO, with oversight provided by the Deloitte Global Board and the Chief People and Purpose and Chief Sustainability Officers. Deloitte’s global supply chain focuses on talent, travel, technology, business services, and real estate. The workforce consists primarily of permanent employees, supplemented by specialized contractors, with many firms offering flexible work arrangements.
firms,
and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms and related
entities are legally separate and independent entities.
As such, there is no Deloitte headquarters.
For this question, we have provided a principal place of business for DTTL, as follows:
1221 Avenue of the Americas
New York, NY 10020
United States
2-2 Entities included in the
organization’s sustainability
reporting
Deloitte network structure
This report covers performance metrics that are aggregated across the Deloitte network
(except where otherwise noted)
2-3 Reporting period,
frequency and contact point
Deloitte Global Basis of Reporting
Questions about the report or reported information should be directed to: GlobalReport@Deloitte.com
2-4 Restatements of
information
Performance metrics; Deloitte Global Basis of Reporting
2-5 External assurance
Select environmental metrics have undergone limited assurance from BDO, as detailed in the Environmental
Performance Data Limited Assurance Report FY2024. Limited assurance results were presented to the Deloitte
Global Board of Directors (“Deloitte Global Board”). The Deloitte Global Chief People and Purpose Officer and the
Deloitte Global Chief Sustainability Officer are responsible for overseeing the assurance process and results.
2-6 Activities, value chain and
other business relationships
Locations; Deloitte services; Revenue by industry; Ecosystems and alliances
Major categories of Deloitte’s global supply chain include talent/benefits, travel and meetings, technology, business
services, real estate and office services.
2-7 Employees
Performance metrics: Our people
The majority of Deloitte people work as employees, not as temporary contractors, although we do leverage
specialized contractors for some areas. Many Deloitte firms offer flexible working arrangements.
Most of Deloitte’s workforce consists of employees rather than temporary contractors, though specialized contractors are used in specific areas. Many Deloitte firms provide flexible working options. For the FY2024 Global Reporting Initiative (GRI) Index, Deloitte followed the GRI 1: Foundation 2021 standard and included only the disclosures deemed material based on its latest assessment. Any material information that is currently unavailable or omitted is explained within the index.
2-7 Employees
Performance metrics: Our people
The majority of Deloitte people work as employees, not as temporary contractors, although we do leverage
specialized contractors for some areas. Many Deloitte firms offer flexible working arrangements.
2024 GLOBAL IMPACT REPORT
97
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
In preparing the FY2024 GRI Index,
Deloitte has considered all GRI Topic
Standards and whether the associated
Disclosures are material based on
Deloitte’s latest materiality assessment,
as described in the Stakeholder
engagement and materiality section.
The below matrix includes all Topic
Standards and associated Disclosures
deemed material for Deloitte as of
FY2024. Disclosures determined to
be immaterial for Deloitte have been
excluded from this matrix. For any
Disclosure that is material for Deloitte,
but for which the information has been
omitted or is not currently available, the
reason for omission is included directly
within the GRI Index.
GRI 1: Foundation 2021 was used in
preparing the reported information.
GRI 2: General Disclosures 2021
GRI Standard
Report location or disclosure
2-8 Workers who are not
employees
Performance metrics: Our people
The majority of Deloitte people work as employees, not as temporary contractors, although we do leverage
specialized contractors for some areas. Many Deloitte firms offer flexible working arrangements.
Most Deloitte personnel are employees, though the firm occasionally uses specialized contractors and offers flexible work arrangements. Governance is overseen by the Deloitte Global Board of Directors, which manages leadership, sustainability impacts, and stakeholder engagement. The Board is responsible for nominating its members, selecting its Chair, and delegating management duties. Regarding sustainability reporting, the Global Impact Report is reviewed by the Risk and Ethics Committee (REC), the Audit, Finance, and Investment Committee (AFIC), and the Purpose, Sustainability and Culture Committee (PSCC) before final Board approval. To maintain integrity, the Deloitte Global Chair requires all Board members to disclose any actual or perceived conflicts of interest at the start of every meeting, in accordance with the Global Principles of Business Conduct.
who are not
employees
Performance metrics: Our people
The majority of Deloitte people work as employees, not as temporary contractors, although we do leverage
specialized contractors for some areas. Many Deloitte firms offer flexible working arrangements.
2-9 Governance structure and
composition
Deloitte Global Board of Directors; Leadership and governance
2-10 Nomination and
selection of the highest
governance body
Deloitte Global Board of Directors; Leadership and governance
2-11 Chair of the highest
governance body
Deloitte Global Board of Directors; Leadership and governance
2-12 Role of the highest
governance body in
overseeing the management
of impacts
Deloitte Global Board of Directors; Leadership and governance; Stakeholder engagement and materiality;
Governance and management of sustainability impacts
2-13 Delegation of
responsibility for managing
impacts
Leadership and governance; Stakeholder engagement and materiality; Governance and management of
sustainability impacts
2-14 Role of the highest
governance body in
sustainability reporting
The Global Impact Report was reviewed by representatives from the Risk and Ethics Committee (REC), Audit,
Finance, and Investment Committee (AFIC) and Purpose, Sustainability and Culture Committee (PSCC) of the
Deloitte Global Board and approved by the Deloitte Global Board.
2-15 Conflicts of interest
Independence; Global Principles of Business Conduct
The Deloitte Global Chair actively encourages all Deloitte Global Board members to consider and raise any actual
or perceived conflicts of interest and reminds all Deloitte Global Board members of their obligations to do so at
the start of every scheduled board meeting.
Deloitte Global maintains strong governance through several key practices. The Deloitte Global Chair requires board members to disclose any conflicts of interest at the start of every meeting. Critical risks and legal matters are reported by the Chief Risk Officer and General Counsel to the Risk and Ethics Committee, with significant issues escalated to the full Board. Additionally, the Chief Ethics Officer provides an annual report on ethics trends, survey results, and training. For leadership, the Global Chair and CEO receive briefings on critical matters as needed. To support ongoing development, a new structured education program for the Deloitte Global Board was created in FY2024 and is set to launch in FY2025.
oitte Global Chair actively encourages all Deloitte Global Board members to consider and raise any actual
or perceived conflicts of interest and reminds all Deloitte Global Board members of their obligations to do so at
the start of every scheduled board meeting.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 2: General Disclosures 2021 (continued)
GRI Standard
Report location or disclosure
2-16 Communication of critical
concerns
The Deloitte Global Chief Risk Officer and Deloitte Global General Counsel report critical risks, challenges, and
legal matters to the Risk and Ethics Committee of the Deloitte Global Board at each scheduled meeting. Significant
matters are also brought to the Deloitte Global Board for attention and discussion. Information on the number
and nature of such matters is considered confidential. The Deloitte Global Chief Ethics Officer provides an annual
report to the Deloitte Global Board including a summary of key trends, results of Deloitte Global’s annual Ethics
Survey, and annual ethics refresher training. Furthermore, the Deloitte Global Chair and Deloitte Global CEO
receive briefings on critical matters on a case-by-case basis.
2-17 Collective knowledge of
the highest governance body
Deloitte Global Board of Directors
In FY2024, a Deloitte Global Board education program was developed, to be launched in FY2025. This is an annual
calendar of structured board/governance education sessions and offerings, tailored to the specific needs of
Deloitte Global Board members.
Starting in FY2025, Deloitte will launch an annual education program for the Deloitte Global Board. This program offers tailored training, including expert-led sessions, refresher courses, and reading materials, to keep directors informed on key governance topics. Additionally, the Deloitte Global Board conducts annual effectiveness reviews led by its Stewardship Committee, with support from external governance specialists. These reviews are discussed by the full Board and considered by the Deloitte Global Chair. Regarding compensation, all Deloitte Global Board members are active firm partners, with the exception of the Deloitte Global CEO and the Deloitte Global Chair.
a Deloitte Global Board education program was developed, to be launched in FY2025. This is an annual
calendar of structured board/governance education sessions and offerings, tailored to the specific needs of
Deloitte Global Board members. The program aims to provide directors with ongoing education and knowledge
through standalone education sessions, one-off and annual refresher training, education sessions from internal
and external specialists, and optional suggested reading. Topics will evolve based on matters relevant to the
Deloitte Global Board agenda and through ongoing engagement with key stakeholders.
2-18 Evaluation of the
performance of the highest
governance body
The Deloitte Global Board undertakes annual governance effectiveness reviews, led by the Stewardship
Committee of the Deloitte Global Board which has responsibility for matters pertaining to governance. The
reviews include Deloitte Global Board effectiveness assessments and board committee effectiveness reviews.
The assessments and reviews are supported by Deloitte governance specialists from outside the Deloitte Global
Board. Reviews are reported on to the full Deloitte Global Board for discussion and taken into consideration by
the Deloitte Global Chair and the Office of the Deloitte Global Chair.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 2: General Disclosures 2021 (continued)
GRI Standard
Report location or disclosure
2-19 Remuneration policies
Except for the Deloitte Global CEO and Deloitte Global Chair, all Deloitte Global Board members are active Deloitte
firm partners.
Deloitte Global Board members, excluding the CEO and Chair, are active partners at independent Deloitte firms that set their own individual remuneration policies and performance objectives. The CEO and Chair provide performance feedback for these board members. Conversely, the remuneration and annual objectives for the Deloitte Global CEO and Chair are determined by the Deloitte Global Board, following recommendations from the Stewardship Committee. The Stewardship Committee also oversees the remuneration process for Deloitte Global Executive members, which requires final approval from the Deloitte Global Board.
continued)
GRI Standard
Report location or disclosure
2-19 Remuneration policies
Except for the Deloitte Global CEO and Deloitte Global Chair, all Deloitte Global Board members are active Deloitte
firm partners. Each Deloitte firm and/or related entity is organized as a separate and independent legal entity
and determines its own remuneration policies. Performance objectives for the Deloitte Global Board members
except for the Deloitte Global CEO and Deloitte Global Chair are determined by their respective Deloitte firms and
ordinarily include objectives pertaining to the expectations of their Deloitte Global Board role. The Deloitte Global
CEO and Deloitte Global Chair provide performance input and feedback for Deloitte Global Board members (as
appropriate) as part of the assessment processes.
The Deloitte Global CEO’s and the Deloitte Global Chair’s annual objectives are reviewed and approved
by the Deloitte Global Board, and their remuneration is approved by the Deloitte Global Board, upon the
recommendation of the Stewardship Committee of the Deloitte Global Board (chaired by the Deloitte Global
Deputy Chair), based on performance against the approved objectives. The process for setting remuneration for
Deloitte Global Executive members is overseen by the Stewardship Committee of the Deloitte Global Board with
the final remuneration approved by the Deloitte Global Board.
2-20 Process to determine
remuneration
Except for the Deloitte Global CEO and Deloitte Global Chair, all Deloitte Global Board members are active Deloitte
firm partners. Each Deloitte firm and/or related entity is organized as a separate and independent legal entity
and determines its own remuneration policies.
Deloitte Global Board members are active partners within their respective independent Deloitte firms, which manage their own remuneration policies. For most board members, performance objectives are set by their local firms. However, the Deloitte Global CEO and Chair have their objectives and pay approved by the Deloitte Global Board, following recommendations from the Stewardship Committee. This committee also oversees the compensation process for Deloitte Global Executive members. Regarding compensation ratios, these are disclosed in the annual reports of individual member firms where applicable. This information is part of the 2024 Global Impact Report, which includes various performance metrics, governance disclosures, and sustainability reporting frameworks.
Deloitte Global Chair, all Deloitte Global Board members are active Deloitte
firm partners. Each Deloitte firm and/or related entity is organized as a separate and independent legal entity
and determines its own remuneration policies. Performance objectives for the Deloitte Global Board members
except for the Deloitte Global CEO and Deloitte Global Chair are determined by their respective Deloitte firm and
ordinarily include objectives pertaining to the expectations of their Global Board role.
The Deloitte Global CEO’s and the Deloitte Global Chair’s annual objectives are reviewed and approved
by the Deloitte Global Board, and their remuneration is approved by the Deloitte Global Board, upon the
recommendation of the Stewardship Committee of the Deloitte Global Board (chaired by the Deloitte Global
Deputy Chair), based on performance against the approved objectives. The process for setting remuneration for
Deloitte Global Executive members is overseen by the Stewardship Committee of the Deloitte Global Board with
the final remuneration approved by the Deloitte Global Board.
2-21 Annual total
compensation ratio
Given the partnership and member firm structure of the global network, compensation ratios are disclosed in the
relevant annual reports for those entities that currently calculate such ratios.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 2: General Disclosures 2021 (continued)
GRI Standard
Report location or disclosure
2-22 Statement on
sustainable development
strategy
Letter from leadership; Governance overview
2-23 Policy commitments
Global
This document outlines Deloitte's compliance with the 2021 GRI Standards for general disclosures and material topics. Key disclosures include: 2-22 (Sustainable development strategy), 2-23 (Policy commitments), 2-24 (Embedding policies), 2-25 (Remediating negative impacts), 2-26 (Seeking advice and raising concerns), 2-27 (Compliance with laws, noting that significant fines are confidential), 2-28 (Membership associations), 2-29 (Stakeholder engagement), and 2-30 (Collective bargaining, which is not currently tracked as most firms are not unionized). For GRI 3, topics 3-1 and 3-2 regarding the determination and list of material topics are covered in the 'Stakeholder engagement and materiality' section. Further details are available in the 2024 Global Impact Report, which includes performance metrics, TCFD reporting, and stakeholder capitalism metrics.
GRI 2: General Disclosures 2021 (continued)
GRI Standard
Report location or disclosure
2-22 Statement on
sustainable development
strategy
Letter from leadership; Governance overview
2-23 Policy commitments
Global Principles of Business Conduct; Commitment to Responsible Business Practices; Human Rights Statement
2-24 Embedding policy
commitments
Ethics; Global Principles of Business Conduct; Commitment to Responsible Business Practices; Supplier Code of
Conduct
2-25 Processes to remediate
negative impacts
Ethics; Report an ethics concern; Global Principles of Business Conduct
2-26 Mechanisms for seeking
advice and raising concerns
Ethics; Report an ethics concern; Global Principles of Business Conduct
2-27 Compliance with laws
and regulations
Deloitte addresses and resolves instances of non-compliance with laws and regulations as identified. Information
on the number and monetary value of fines for significant instances is considered confidential.
2-28 Membership associations
Public policy; Ethics; Environmental overview
2-29 Approach to stakeholder
engagement
Stakeholder engagement and materiality
2-30 Collective bargaining
agreements
Information for this indicator is not currently consolidated for the Deloitte network.
As most Deloitte firms are not unionized, the processes and systems required to monitor and record this
information are not currently in place.
GRI 3: Material Topics 2021
GRI Standard
Report location or disclosure
3-1 Process to determine
material topics
Stakeholder engagement and materiality
3-2 List of material topics
Stakeholder engagement and materiality
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI
This document outlines the reporting frameworks and performance metrics for the 2024 Global Impact Report. It includes references to the Task Force on Climate-Related Financial Disclosures (TCFD), the Global Reporting Initiative (GRI) index, and the Stakeholder Capitalism metrics. Key disclosures include: GRI 201 (Economic Performance), which notes that specific economic value data is confidential due to the independent legal structure of Deloitte entities and varying local tax laws; and GRI 203 (Indirect Economic Impacts), which covers social impact and management of material topics. Climate-related financial risks are addressed in the Deloitte TCFD report and CDP response.
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 201: Economic Performance 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Letter from leadership; Stakeholder engagement and materiality
201-1 Direct economic value
generated and distributed
Letter from leadership; FY2024 Revenue announcement; Performance metrics: Business; Performance metrics:
Societal impact
Economic value distributed and retained is considered confidential.
Each Deloitte entity is organized as a separate and independent legal entity and is subject to the financial
disclosure and tax laws applicable to it in the jurisdictions in which it is formed and otherwise operates. For
this reason, financial disclosure and tax reporting obligations will vary across Deloitte entities. Certain Deloitte
entities are structured as partnerships or other legal entities that are ‘flow-through’ for tax purposes, and
as such, income tax is not paid at the entity level, but by individual partners or members. Certain Deloitte
entities publish financial statements and/or report their tax strategy, which may include taxes paid, under
local statutory requirements.
201-2 Financial implications
and other risks and
opportunities due to climate
change
Deloitte TCFD report; Deloitte CDP Response
GRI 203: Indirect Economic Impacts 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Social overview; FY2024 Revenue announcement; Stakeholder engagement and materiality
203-2 Significant indirect
economic impacts
Social overview; FY2024 Revenue announcement; Performance metrics: Societal impact
2024 GLOBAL IMPACT REPORT
102
This document outlines the 2024 Global Impact Report for Deloitte Global, detailing how the firm manages key social and environmental responsibilities. It includes performance metrics, stakeholder engagement strategies, and adherence to Global Reporting Initiative (GRI) standards. Specifically, the report covers anti-corruption measures, such as risk assessments and employee training, and environmental efforts, including energy consumption tracking and reduction initiatives. Detailed data and frameworks, such as the Task Force on Climate-Related Financial Disclosures and the GRI index, are provided to ensure transparency and accountability.
Social overview; FY2024 Revenue announcement; Stakeholder engagement and materiality
203-2 Significant indirect
economic impacts
Social overview; FY2024 Revenue announcement; Performance metrics: Societal impact
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 205: Anti-corruption 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Anti-corruption commitment; Ethics; Independence; Global Principles of Business Conduct; Stakeholder
engagement and materiality
205-1 Operations assessed
for risks related to corruption
Deloitte Global’s Anti-Corruption team performs an analysis of the geographic corruption risk of each member
firm based on various geographic corruption risk indices and factors.
205-2 Communication and
training about anti-corruption
policies and procedures
Anti-corruption commitment; Performance metrics: Governance; Ethics; Global Principles of Business Conduct
205-3 Confirmed incidents of
corruption and actions taken
Anti-corruption commitment; Performance metrics: Governance
GRI 302: Energy 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Environmental overview; Deloitte Global Basis of Reporting
302-1 Energy consumption
within the organization
Performance metrics: Environment; Deloitte Global Basis of Reporting
302-3 Energy intensity
Performance metrics: Environment; Deloitte Global Basis of Reporting
302-4 Reduction of energy
consumption
Performance metrics: Environment; Deloitte CDP Response
For a detailed explanation of reductions in energy consumption achieved as a direct result
In its 2024 Global Impact Report, Deloitte outlines its environmental performance and reporting frameworks. Regarding energy, Deloitte details its conservation and efficiency initiatives in its CDP response available at www.cdp.net. Regarding water usage (GRI 303), Deloitte notes that its direct impact is minimal, as water is primarily used for office sanitation. However, the firm acknowledges water usage within its supply chain. In FY2024, Deloitte began tracking water consumption at facilities located in areas with high water stress. The firm plans to improve data collection and analysis over the next few years to better manage its water impact.
Performance metrics: Environment; Deloitte Global Basis of Reporting
302-4 Reduction of energy
consumption
Performance metrics: Environment; Deloitte CDP Response
For a detailed explanation of reductions in energy consumption achieved as a direct result of conservation and
efficiency initiatives, please refer to Deloitte Global’s CDP response available at www.cdp.net.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 303: Water and Effluents 2018
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Environmental overview
Deloitte has limited direct water-related impacts within its operations, as water is primarily used for sanitation
purposes in offices. Deloitte recognizes, however, that water is also embedded in its supply chain.
In FY2024, Deloitte identified owned or leased facilities within its operational control that are located in areas with
high or extremely high baseline water stress. Deloitte started collecting annual water use data for the largest of
these facilities in FY2024 and anticipates analyzing information, expanding collection locations, and improving data
quality toward the goal of improving water management practices over time.
It may be two or more years until sufficient data becomes available to make network-wide reporting meaningful.
303-1 Interactions with water
as a shared resource
Environmental overview
Deloitte has limited direct water-related impacts within its operations, as water is primarily used for sanitation
purposes in offices. Deloitte recognizes, however, that water is also embedded in its supply chain.
Deloitte’s direct water usage is minimal, primarily limited to office sanitation, though the firm acknowledges water usage within its supply chain. In FY2024, Deloitte identified its facilities located in regions facing high or extremely high water stress. The firm has begun tracking water consumption at its largest high-stress sites and plans to expand data collection and improve accuracy to better manage water resources. Meaningful network-wide reporting is expected to take at least two years as more data is gathered.
a shared resource
Environmental overview
Deloitte has limited direct water-related impacts within its operations, as water is primarily used for sanitation
purposes in offices. Deloitte recognizes, however, that water is also embedded in its supply chain.
In FY2024, Deloitte identified owned or leased facilities within its operational control that are located in areas with
high or extremely high baseline water stress. Deloitte started collecting annual water use data for the largest of
these facilities in FY2024 and anticipates analyzing information, expanding collection locations, and improving data
quality toward the goal of improving water management practices over time.
It may be two or more years until sufficient data becomes available to make network-wide reporting meaningful.
303-3 Water withdrawal
Environmental overview
Deloitte has limited direct water-related impacts within its operations, as water is primarily used for sanitation
purposes in offices. Deloitte recognizes, however, that water is also embedded in its supply chain.
In FY2024, Deloitte identified owned or leased facilities within its operational control that are located in areas with
high or extremely high baseline water stress. Deloitte started collecting annual water use data for the largest of
these facilities in FY2024 and anticipates analyzing information, expanding collection locations, and improving data
quality toward the goal of improving water management practices over time.
It may be two or more years until sufficient data becomes available to make network-wide reporting meaningful.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 304: Biodiversity 2016
GRI Standard
Report location or disclosure
3-3
In FY2024, Deloitte assessed the impact of its operations and supply chain on nature and biodiversity. The analysis found that 10% of Deloitte’s facilities—covering 8% of its total square footage—are located in protected or key biodiversity areas (KBA). The firm is currently developing strategies to reduce negative environmental impacts and promote positive biodiversity outcomes.
capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 304: Biodiversity 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Environmental overview;
Based on analysis performed on owned or leased facilities in Deloitte’s operational control at the beginning of
FY2024, 10% of total facilities (representing 8% of total square footage) were located in a protected area or key
biodiversity area (KBA).
In FY2024, Deloitte completed an assessment of nature and biodiversity impacts within its direct operations and
the indirect pressures resulting from the most material categories of its supply chain. Additional work to prioritize
the reduction of negative impacts to, and encourage positive outcomes for, nature and biodiversity is underway to
build on this assessment.
304-1 Operational sites
owned, leased, managed in, or
adjacent to, protected areas
and areas of high biodiversity
value outside protected areas
Stakeholder engagement and materiality; Environmental overview; Stakeholder capitalism metrics;
Based on analysis performed on owned or leased facilities in Deloitte’s operational control at the beginning of
FY2024, 10% of total facilities (representing 8% of total square footage) were located in a protected area or key
biodiversity area (KBA).
In FY2024, Deloitte completed an assessment of nature and biodiversity impacts within its direct operations and
the indirect pressures resulting from the most material categories of its supply chain. Additional work to prioritize
the reduction of negative impacts to, and encourage positive outcomes for, nature and biodiversity is underway to
build on this assessment.
Deloitte is assessing the environmental impact of its direct operations and supply chain, with ongoing efforts to improve biodiversity and nature-related outcomes. This information is detailed in the 2024 Global Impact Report, which includes performance metrics, stakeholder engagement, and reporting frameworks like the GRI index and TCFD report. Specifically, regarding GRI 305 (Emissions), Deloitte reports its Scope 1, 2, and 3 greenhouse gas emissions in the 'Performance metrics: Environment' section. Detailed methodologies, including base years, emission factors, and calculation standards, are provided in the 'Environmental impact reporting' section of the Deloitte Global Basis of Reporting.
within its direct operations and
the indirect pressures resulting from the most material categories of its supply chain. Additional work to prioritize
the reduction of negative impacts to, and encourage positive outcomes for, nature and biodiversity is underway to
build on this assessment.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 305: Emissions 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Environmental overview; Deloitte CDP Response; Deloitte Global
Basis of Reporting
305-1 Direct (Scope 1) GHG
emissions
Performance metrics: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
305-2 Energy indirect (Scope
2) GHG emissions
Performance metrics: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
305-3 Other indirect (Scope 3)
GHG emissions
Performance metrics: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
For detailed information on Deloitte's environmental reporting—including base years, greenhouse gas calculations, emission factors, and methodologies—please refer to the 'Environmental impact reporting' section of the Deloitte Global Basis of Reporting. This applies to GRI standards 305-4 (GHG emissions intensity) and 305-5 (Reduction of GHG emissions). Regarding GRI 306 (Waste 2020), Deloitte manages waste—primarily paper, food, packaging, and electronics—as outlined in the 'Stakeholder engagement and materiality' and 'Environmental overview' sections. Electronic waste is managed locally by technology services teams to comply with regional regulations and specific contract requirements.
: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
305-4 GHG emissions
intensity
Performance metrics: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
305-5 Reduction of GHG
emissions
Performance metrics: Environment
Refer to the ‘Environmental impact reporting’ section of the Deloitte Global Basis of Reporting for discussion
of base year, gases included in calculations, emission factor sources, consolidation approach, and standards,
methodologies and assumptions used.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 306: Waste 2020
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Environmental overview
Waste is generated in Deloitte offices and consists predominantly of paper waste, food waste, packaging and
electronic waste. Electronic waste is often handled at the Deloitte firm or country level by technology services
personnel due to regional requirements, contract provisions, and the nature of the waste stream.
Deloitte manages waste in two ways: electronic waste is handled by technology services due to specific regional and contractual needs, while other waste (paper, food, packaging) is managed locally by office facility staff based on regional recycling laws and service availability. Currently, Deloitte does not consistently measure waste across its entire network and expects it will take at least two years to gather enough data for meaningful reporting. Regarding supplier environmental standards, Deloitte screens all new suppliers through a global request for proposal questionnaire that covers sustainability and corporate social responsibility. For information on how Deloitte addresses negative environmental impacts within its supply chain, please refer to the company's CDP response at www.cdp.net.
of paper waste, food waste, packaging and
electronic waste. Electronic waste is often handled at the Deloitte firm or country level by technology services
personnel due to regional requirements, contract provisions, and the nature of the waste stream. Other types
of waste are generally managed at an office level by the office facility personnel and varies across offices as it is
often subject to regional requirements related to recycling and dependent on the availability of services within a
reasonable distance (for example composting).
306-3 Waste generated
Waste and related impacts are not consistently measured across the Deloitte network at this time.
It may be two or more years until sufficient data becomes available to make network-wide reporting meaningful.
GRI 308: Supplier Environmental Assessment 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Environmental overview; Supplier code of conduct; Stakeholder engagement and materiality
308-1 New suppliers that were
screened using environmental
criteria
Supplier code of conduct
All new suppliers responding to requests for proposals conducted by Deloitte Global complete the Deloitte Global
request for proposal questionnaire template. This includes questions about sustainability and corporate social
responsibility policies and processes.
308-2 Negative environmental
impacts in the supply chain
and actions taken
Deloitte CDP Response
For details of Deloitte’s engagement with suppliers on environmental topics, please refer to Deloitte Global’s CDP
response available at www.cdp.net.
Deloitte’s environmental engagement with suppliers is detailed in their CDP response at www.cdp.net. Regarding workforce data, Deloitte reports on occupational health, safety, and employment practices in line with GRI standards. While the company tracks new hires and turnover, it does not currently aggregate turnover data by age group across its global network. Deloitte is evaluating the necessary systems to capture this information, which is expected to take at least three years to implement.
acts in the supply chain
and actions taken
Deloitte CDP Response
For details of Deloitte’s engagement with suppliers on environmental topics, please refer to Deloitte Global’s CDP
response available at www.cdp.net.
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 403: Occupational Health and Safety 2018
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Our people overview; Mental health; Global security
403-6 Promotion of worker
health
Our people overview; Mental health; Global security
GRI 401: Employment 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Our people overview; Stakeholder engagement and materiality; Commitment to responsible business practices
401-1 New employee hires
and employee turnover
Performance metrics: Our people
Turnover by age group is not currently aggregated across the Deloitte network. Additional discussions with
Deloitte firms are needed to understand the systems and processes needed to capture this data globally. It may
be three or more years before the age-related information becomes available.
Deloitte does not currently consolidate age-related data across its global network. The firm is discussing the necessary systems and processes to capture this information, which may take three or more years to implement. While some individual Deloitte firms have data available, it is not yet aggregated globally. Regarding other metrics, Deloitte provides comprehensive learning and development opportunities, including skill-upgrading programs and support for internal transfers. Detailed disclosures on diversity, equal opportunity, and training can be found in the 2024 Global Impact Report, specifically under the GRI 405 and GRI 404 sections.
is not currently aggregated across the Deloitte network. Additional discussions with
Deloitte firms are needed to understand the systems and processes needed to capture this data globally. It may
be three or more years before the age-related information becomes available.
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Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 405: Diversity and Equal Opportunity 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Our people overview; Women’s equity; LGBT+ inclusion; Racial and ethnic inclusion; Disability inclusion;
neurodiversity; Stakeholder engagement and materiality
403-6 Promotion of worker
health
Deloitte Global Board of Directors; Performance metrics: Our people; Women’s equity
405-2 Ratio of basic salary and
remuneration of women to
men
Women’s equity; Performance metrics: Our people
Information for these indicators is not currently consolidated across the Deloitte network; however, data is
available for certain Deloitte firms.
GRI 404: Training and Education 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Learning and development; Stakeholder engagement and materiality
404-1 Average hours
of training per year per
employee
Performance metrics: Learning
404-2 Programs for upgrading
employee skills and transition
assistance programs
Learning and development
Deloitte provides our people with a range of formal and informal learning opportunities. Deloitte supports the
transfer of our people between different departments and geographies as part of their career.
Deloitte supports employee growth through formal and informal learning, internal transfers across departments and regions, and transition assistance for those leaving or retiring, such as outplacement and pre-retirement planning. The firm prioritizes professional development through regular performance and career feedback sessions, though these metrics are managed locally rather than globally. Deloitte is also committed to a respectful, inclusive workplace, strictly enforcing anti-discrimination and anti-harassment policies to ensure an environment free from bias.
skills and transition
assistance programs
Learning and development
Deloitte provides our people with a range of formal and informal learning opportunities. Deloitte supports the
transfer of our people between different departments and geographies as part of their career. Where people
retire or otherwise leave Deloitte, formal transition assistance is also provided, where appropriate, as required
by applicable laws and common practice. For example, outplacement services and pre-retirement planning are
offered by many Deloitte firms.
404-3 Percentage of
employees receiving regular
performance and career
development reviews
Regular performance and career development conversations are core to Deloitte’s focus on professional
development. Deloitte has adopted a comprehensive methodology by which Deloitte firms leverage their
respective management performance programs to provide regular performance feedback and career
development conversations throughout the year. Metrics for this indicator are not aggregated across the network.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 406: Non-discrimination 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Our people overview; Women’s equity; LGBT+ inclusion; Racial and ethnic inclusion; Disability inclusion;
Neurodiversity; Stakeholder engagement and materiality; Global Principles of Business Conduct
406-1 Incidents of
discrimination and corrective
actions taken
Deloitte is committed to providing a respectful and inclusive working environment, free from discrimination
and harassment in alignment with the anti-discrimination and anti-harassment policy.
Deloitte is committed to a respectful, inclusive workplace free from discrimination and harassment. The company encourages employees to report policy violations or ethical concerns through various channels, including an anonymous third-party helpline, without fear of retaliation. Deloitte Global requires each member firm to maintain and enforce policies against harassment, discrimination, and retaliation. All employees must complete mandatory anti-discrimination training upon hiring and every two years thereafter, covering the Global Principles of Business Conduct and reporting procedures. While Deloitte addresses all reported incidents, specific data regarding the number of discrimination allegations is kept confidential.
-1 Incidents of
discrimination and corrective
actions taken
Deloitte is committed to providing a respectful and inclusive working environment, free from discrimination
and harassment in alignment with the anti-discrimination and anti-harassment policy. Likewise, Deloitte is
committed to providing a work environment that promotes ongoing and open communication about ethics,
compliance or other related matters and encourages reporting of violations or potential violations of any
Deloitte network policy, professional standards, the Global Principles of Business Conduct, and Deloitte firms’
codes of conduct without fear of retaliation. Deloitte provides a variety of reporting channels, including an
anonymous speak up helpline that is managed by a third party.
Deloitte Global has provided guidance that each Deloitte firm is responsible for the development,
implementation, and on-going support of member firm policy that specifically and expressly prohibits
workplace harassment or discrimination. Deloitte Global has also provided guidance that each Deloitte firm
should be responsible for the development, implementation and ongoing support of a Deloitte firm non-
retaliation policy that promotes and encourages reporting of ethics, compliance or other related matters
without fear of retaliation.
Note: All Deloitte people are required to complete anti-discrimination training—upon being hired and every
other year thereafter—that includes the Global Principles of Business Conduct and related policies, reporting
procedures, and case scenarios. This figure may not reflect 100% participation at any point in time, as
required, because it includes Deloitte people on extended leave and those with recent start dates who may
still complete the training before their designated due dates.
Deloitte is committed to addressing and resolving any instances of discrimination that may occur. Information
on the number of incidents alleging discrimination is considered confidential.
Deloitte is committed to preventing and resolving discrimination, though specific incident data remains confidential. Regarding supplier standards, Deloitte Global screens all new suppliers on social criteria, including diversity and sustainability. Suppliers must adhere to the Deloitte Supplier Code of Conduct and are evaluated on their commitment to International Labour Organization (ILO) principles, human rights, and the prevention of forced or child labor. Furthermore, suppliers are required to confirm they have formal diversity, equity, and inclusion (DEI) policies and measurable progress targets.
leave and those with recent start dates who may
still complete the training before their designated due dates.
Deloitte is committed to addressing and resolving any instances of discrimination that may occur. Information
on the number of incidents alleging discrimination is considered confidential.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 414: Supplier Social Assessment 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Supplier code of conduct; Commitment to responsible business
practices
414-1 New suppliers that were
screened using social criteria
New suppliers responding to requests for proposals conducted by Deloitte Global are requested to answer
questions about socially responsible policies and processes including supplier diversity and sustainability.
All new Deloitte Global suppliers contracted with the support of procurement receive the Deloitte Supplier Code
of Conduct.
414-2 Negative social impacts
in the supply chain and
actions taken
Suppliers responding to requests for proposals conducted by Deloitte Global are requested to answer
questions related to social impact. Those questions include if they comply with the International Labour
Organization (ILO) principles (www.ilo.org) in respect to human rights and conditions of employment and
if they publicly report on efforts to minimize slavery, forced labor, child labor and improve worker health
and safety in their operations and supply chain. From a diversity and inclusion perspective, they are asked
to confirm the presence of a formal diversity, equity and inclusion (DEI) policy, targets and if they measure
progress against those targets.
Deloitte Global ensures its suppliers meet high ethical and operational standards. New suppliers are screened for anti-corruption and economic sanctions, and they must adhere to the Deloitte Supplier Code of Conduct, which covers human rights, forced labor, and child labor. Suppliers are also expected to follow International Labour Organization (ILO) principles and must report on their efforts to prevent slavery and child labor upon request. Furthermore, Deloitte requires suppliers to have formal diversity, equity, and inclusion (DEI) policies with measurable targets. In specific regions, Deloitte’s procurement team supports supplier diversity programs to benefit diverse businesses and their communities. Regarding customer privacy, Deloitte manages and resolves all privacy-related complaints, though specific details regarding the number and nature of these complaints remain confidential.
and safety in their operations and supply chain. From a diversity and inclusion perspective, they are asked
to confirm the presence of a formal diversity, equity and inclusion (DEI) policy, targets and if they measure
progress against those targets.
New Deloitte Global suppliers are screened for anti-corruption risks and economic sanctions.
Additionally, contract clauses with new global suppliers include complying with applicable Deloitte policies, which
includes the expectations of compliance with the International Labour Organization (ILO) Principles in respect to
human rights and conditions of employment. Further, suppliers are required, upon request, to report to Deloitte
on its efforts to prevent slavery, forced labor and child labor in its operations and supply chain.
New Deloitte Global suppliers contracted with the support of procurement receive the Deloitte Supplier Code of
Conduct, which includes specific expectations of suppliers in the areas of human rights, forced labor, and child
labor.
Additionally, in certain relevant countries, supplier diversity programs are supported by procurement to create
wealth for diverse businesses and the communities where they reside.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
GRI 418: Customer Privacy 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Letter from leadership; Stakeholder engagement and materiality; Confidentiality, privacy and cybersecurity
418-1 Substantiated
complaints concerning
breaches of customer privacy
and losses of customer data
Deloitte addresses and resolves complaints regarding confidentiality and privacy when identified. Information
on the substance and number of complaints is considered confidential.
Deloitte addresses all customer privacy and data loss complaints as they arise, though specific details and numbers remain confidential. Regarding political contributions (GRI 415-1), data is not currently consolidated across the global network, and further review is needed to determine its materiality. The 2024 Global Impact Report includes various performance metrics, frameworks, and endnotes. Key updates include: a reduction in CO2e emissions since 2019; progress in supplier science-based targets; a revised methodology for calculating training hours to include development investment; and an ongoing effort to improve the accuracy of gender identity data collection across the firm.
-1 Substantiated
complaints concerning
breaches of customer privacy
and losses of customer data
Deloitte addresses and resolves complaints regarding confidentiality and privacy when identified. Information
on the substance and number of complaints is considered confidential.
GRI 415: Public Policy 2016
GRI Standard
Report location or disclosure
3-3 Management of material
topics
Stakeholder engagement and materiality; Public policy; Commitment to responsible business practices
415-1 Political contributions
Information for these indicators is not currently consolidated across the Deloitte network. Additional review
would be required to assess the level of materiality of this topic at the Deloitte Global and Deloitte firm levels.
2024 GLOBAL IMPACT REPORT
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Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
Endnotes
ESG highlights
1 Percent reduction of metric tonnes of CO2e in FY2024 vs. FY2019 base
year
2 Suppliers covering purchased goods and services and business travel;
an additional 4% of suppliers have committed to setting science-based
targets
3 Training hours do not include on the job learning hours that are a
core aspect of development at Deloitte. The definition and calculation
methodology for this metric has been revised to include development
investment.
4 Deloitte people align to gender identities beyond men and women.
We are on a journey to more accurately and completely capture gender
identity information across our network. The Talent data provided is a mix
of biological sex and gender identity data based on information available
at this time.
Deloitte is working to better capture gender identity data, which currently includes a mix of biological sex and gender identity information. Because some data is missing, totals may not equal 100%. Key definitions and reporting notes include: 1) 'Partners, principals, and managing directors' refers to Deloitte firm partners, principals, and US managing directors. 2) Data is based on annual surveys of Deloitte firms. 3) Board and Executive Committee figures are as of June 1, 2024. If measured at the end of the fiscal year (May 31, 2024), women held 35% of Board seats and 38% of Executive Committee seats. 4) 'Legal' refers to member firms providing legal services, which not all firms offer due to regulatory reasons. 5) Innovation investment metrics for FY2022 and FY2023 were restated to reflect a revised calculation methodology. 6) Deloitte procures renewable electricity according to RE100 and GRI 302 standards, sourcing from neighboring countries when local options are unavailable.
identities beyond men and women.
We are on a journey to more accurately and completely capture gender
identity information across our network. The Talent data provided is a mix
of biological sex and gender identity data based on information available
at this time. In some cases where gender data is not available, the data
may not sum to 100%.
5 Partners, principals, and managing directors refer to Deloitte firm
partners, principals and US managing directors.
6 Based on annual survey of Deloitte firms.
7 Board of Directors and Executive Committee membership is presented as
of 1 June 2024 to reflect composition as of the date of report publication,
thus this does not align with composition during the fiscal year which
ended on 31 May 2024. If presented as of the end of FY2024 on 31 May
2024, figures would be: percent of women members on Deloitte Global’s
Board of Directors: 35%; percent of women members on Deloitte Global’s
Executive Committee: 38%.
Performance metrics table
Business
1 “Legal” means the legal practices of member firms or their related
entities that provide legal services. For legal and regulatory reasons, not all
member firms provide legal services.
2 Based on annual survey of Deloitte firms. The definition and calculation
methodology for this metric have been revised; Innovation investment for
FY2023 and FY2022 has been restated to align to the revised calculation
methodology.
Environmental
1 Where possible, Deloitte entities procure and claim renewable electricity
in accordance with the Climate Group’s RE100 Technical Criteria and
Global Reporting Initiative (GRI) topic standard GRI 302: Energy 2016. In
certain markets where procuring renewable electricity is challenging or is
not possible, Deloitte entities may procure renewable electricity from a
neighboring country.
(GRI) topic standard GRI 302: Energy 2016. In
certain markets where procuring renewable electricity is challenging or is
not possible, Deloitte entities may procure renewable electricity from a
neighboring country. This enables Deloitte to demonstrate commitment
to our renewable electricity target and signal market demand. As this
approach meets only one out of three market boundary conditions
included in the RE100 Technical Criteria, there may be variances between
renewable electricity amounts reported in the Global Impact Report and
within RE100 reports. Deloitte anticipates increasing the alignment with
RE100 Technical Criteria over time as market availability of renewable
energy increases.
2 In accordance with the Global Reporting Initiative (GRI) disclosure 305-2,
Deloitte publishes purchased electricity emissions using both a location-
and market-based methodology. The location-based method involves
using an average national, regional or subnational emission factor that
relates to the local grid from which electricity is drawn, whereas the
market-based method involves deriving emissions factors from contractual
instruments, allowing for a zero emission factor to be applied to portions
of electricity consumption that is matched to a renewable energy
source, resulting in lower emissions compared to the location-based
method. Deloitte’s near-term science-based targets use a market-based
methodology for purchased electricity, hence this figure is shown in the
primary emissions inventory whereas the location-based figure is shown
in a separate schedule for comparative purposes. Additional details on
location- and market-based electricity emissions are provided in the Deloitte
Global FY2024 Basis of Reporting.
3 Performance tracking for this indicator is reported for the most recent
year(s) only.
For comparative purposes, please refer to the Deloitte Global FY2024 Basis of Reporting for details on electricity emissions. Performance tracking for this indicator is limited to the most recent year. Regarding Scope 3 purchased goods and services (PG&S) emissions, data is estimated using a mix of supplier information and spending categories, resulting in high uncertainty. In FY2024, Deloitte improved its calculation accuracy by refining the methodology for contingent labor emissions and excluding non-emission-generating costs like taxes and intercompany transactions. A comparison of these methodology changes is available in Supplementary table 1. Deloitte remains committed to improving its reporting accuracy and will provide explanations for any future material changes to its figures.
for comparative purposes. Additional details on
location- and market-based electricity emissions are provided in the Deloitte
Global FY2024 Basis of Reporting.
3 Performance tracking for this indicator is reported for the most recent
year(s) only.
4 Because activity data is not readily available, scope 3 purchased goods and
services (PG&S) emissions are calculated using data collected from select
suppliers, combined with broad estimations of emissions per amount spent
by purchasing category. As such, the uncertainty around these reported
emissions is high.
In FY2024, Deloitte revised the methodology for calculating contingent labor
emissions that were previously included in purchased goods and services
(PG&S) emissions to increase the precision of these calculations. Additionally,
Deloitte enhanced spend-based PG&S calculations methodology to more
precisely identify and exclude supplier spend items that are deemed
non-emission generating (e.g., taxes, intercompany transactions, etc.).
Refer to Supplementary table 1 for the comparison of emissions totals by
methodology by year.
Deloitte will continue to review its approach to scope 3 reporting in the
future, aiming to continually improve the accuracy of its disclosures. When
these enhancements lead to a material change in a reported figure, Deloitte
is committed to explaining the nature of the change, its reasoning for its
appropriateness, and the variance compared to previous methodologies.
Additional details on the methodology used to calculate PG&S emissions and
further details on this restatement are provided in the Deloitte Global FY2024
Basis of Reporting.
Deloitte has updated its emissions reporting methodology, with full details available in the Deloitte Global FY2024 Basis of Reporting. Key updates include: 1) Air travel emissions (tank-to-wake, including radiative forcing) were 618,758 metric tonnes CO2e in FY2024, 580,776 in FY2023, 177,054 in FY2022, and 935,937 in FY2019. These were calculated using a distance-based method aligned with World Economic Forum guidelines and UK DESNZ emission factors. 2) Starting in FY2024, Deloitte now includes employee commuting and teleworking emissions as a material source, though data is only available from FY2024 onward. 3) Deloitte is shifting its carbon credit strategy to focus on innovative, beyond-compliance climate mitigation projects that require external funding.
appropriateness, and the variance compared to previous methodologies.
Additional details on the methodology used to calculate PG&S emissions and
further details on this restatement are provided in the Deloitte Global FY2024
Basis of Reporting.
5 Tank-to-wake air travel emissions inclusive of radiative forcing would be
618,758 metric tonnes CO2e in FY2024; 580,776 metric tonnes CO2e in
FY2023; 177,054 metric tonnes CO2e in FY2022; and 935,937 metric tonnes
CO2e in FY2019.
6 Deloitte used a distance-based methodology to calculate jet fuel emissions
consistent with the World Economic Forum Clean Skies For Tomorrow’s
proposed Sustainable Aviation Fuel certificate (SAFc) emissions accounting
and reporting guidelines. Emissions factors for the applicable classes of
service were sourced from the UK’s Department for Energy Security and Net
Zero (DESNZ). This methodology is used for both well-to-tank and tank-to-
wake emissions.
7 Deloitte reviewed its scope 3 emissions category screening in FY2023 and
identified scope 3, category 7 – commuting (including optional emissions
from teleworking) as a material source of emissions. Accordingly, in FY2024,
Deloitte developed a methodology to calculate emissions from commuting
and teleworking, and has updated the reported GHG emissions totals to
include emissions from these sources. Due to historical data limitations,
performance tracking is included from FY2024 onward only.
8 Reflects purchases of carbon credits that are completed and in progress
as of the date of publication. In FY2024, Deloitte began transitioning our
approach to expand our investment in beyond value chain mitigation to a
portfolio of innovative beyond-compliance or credited investments in climate
mitigation that may not occur without external funding.
publication. In FY2024, Deloitte began transitioning our
approach to expand our investment in beyond value chain mitigation to a
portfolio of innovative beyond-compliance or credited investments in climate
mitigation that may not occur without external funding. Deloitte is beginning
this transition through the implementation of a voluntary internal carbon
price. As Deloitte begins implementing this new financial mechanism, the
number of carbon credit purchases may decrease relative to prior years.
9 Sustainable aviation fuel (SAF) environmental benefits are transferred
through the use of SAF certificates (SAFc). Similar to a renewable electricity
certificate or guarantee of origin in the production of green electricity, a
SAFc represents the environmental attributes of a metric ton of neat (i.e.
unblended) SAF. Deloitte’s purchase of airline tickets in jurisdictions where
SAF blending mandates are present are not considered to have a material
impact on reported emissions.
10 Water consumption data was collected across 110 buildings in FY2024.
We anticipate expanding the coverage of water data in the future.
Sociatal Impact
1 Pro bono refers to professional service engagements performed at no cost
(pro bono) or significantly reduced cost (low bono) to qualifying organizations,
for which Deloitte would normally bill for the professional services performed.
Expenses incurred to deliver pro bono work are included in the total reported
costs for managing societal impact.
Our people
1 Partners, principals, and managing directors refer to Deloitte firm partners,
principals and US managing directors.
2 Partners, principals, and managing directors refer to Deloitte firm partners,
principals and US managing directors.
, principals, and managing directors refer to Deloitte firm partners,
principals and US managing directors.
2 Partners, principals, and managing directors refer to Deloitte firm partners,
principals and US managing directors.
3 Board of Directors and Executive Committee membership is presented as of
1 June 2024 to reflect composition as of the date of report publication, thus
does not align with composition during the fiscal year which ended on 31 May
2024. If presented as of the end of FY2024 on 31 May 2024, figures would
be: percent of women members on Deloitte Global’s Board of Directors: 35%;
percent of women members on Deloitte Global’s Executive Committee: 38%.
4 For purposes of this report, professional staff is defined as Deloitte firm
individuals spending at least 50% of their time serving clients and includes
professionals from director to junior staff.
5 For purposes of this report, administrative staff is defined as Deloitte firm
individuals spending less than 50% of their time serving clients and includes
professionals from director to junior staff. Administrative staff also includes
Deloitte Global professionals who do not serve clients.
6 Deloitte people align to gender identities beyond men and women. We
are on a journey to more accurately and completely capture gender identity
information across our network. The Talent data provided is a mix of
biological sex and gender identity data based on information available at this
time. In some cases where gender data is not available, the data may not sum
to 100%.
7 Age ranges are estimated based on data collected from Deloitte
entities.
8 The rate is calculated using the total Deloitte people at the end of the
reporting period.
data may not sum
to 100%.
7 Age ranges are estimated based on data collected from Deloitte
entities.
8 The rate is calculated using the total Deloitte people at the end of the
reporting period.
9 FY2023 internships, in total and by gender, are restated due to a data
clarification.
10 Training hours do not include on-the-job learning hours that are a core
aspect of development at Deloitte.
11 Indirect learning and development investment is the opportunity cost
based on estimates of the value of time spent in formal learning and
development activities. The definition and calculation methodology for this
metric has been revised to include development investment; calculations for
FY2022 and FY2023 have been updated to align to the revised definition and
methodology.
12 One additional Deloitte University campus is under construction.
Governance
1 Deloitte Global has a written policy requiring member firms to escalate
corruption incidents meeting established criteria to the appropriate Deloitte
Global executive. For the purpose of this disclosure, corruption is defined as
any form of bribery including offering, promising, giving, accepting or soliciting
anything of value for the purpose of gaining or securing any improper
business advantage.
2 All Deloitte people are required to complete anti-corruption training—upon
being hired and every other year thereafter—that includes Global policies,
corruption red flags and case study scenarios. This figure may not reflect
100% participation at any point in time, as required, because it includes
Deloitte people on extended leave and those with recent start dates who may
still complete the training before their designated due date.
3 As anti-corruption training takes place every other year, Deloitte reports
completion rates on a biennial basis.
Training and Reporting Guidelines: Anti-corruption training is conducted biennially, with completion rates reported every two years. Employees on extended leave or those recently hired may complete the training by their specific deadlines. Materiality: Deloitte defines material topics using the 'GRI 3 Material Topics 2021' standard. Contingent Labor: This category includes non-employee staff, such as independent contractors, project-based resources from external vendors, and third-party agency staff. References: Key documents include the CORSIA Annex 16, the SBTi Aviation Guidance (2021), the IPCC AR6 Synthesis Report (2023), and the Deloitte Global 2023 Gen Z and Millennial Survey. Brand Valuation: Deloitte references the 2022 Brand Finance Brand Strength Index, which uses a 1-100 score based on 2021 data to measure a brand's ability to drive business value.
te people on extended leave and those with recent start dates who may
still complete the training before their designated due date.
3 As anti-corruption training takes place every other year, Deloitte reports
completion rates on a biennial basis.
Stakeholder engagement and materiality
1 Deloitte uses the GRI Standard “GRI 3 Material Topics 2021” in defining what
is material or a material topic.
Basis of reporting
1 Contingent labor refers to non-employee staff providing services to
Deloitte, including but not limited to self-employed independent contractors,
project-based resources provided through external vendors, and third-party
contractors referred by staffing agencies.
2 Annex 16 - Environmental Protection, Volume IV, Carbon Offsetting and
Reduction Scheme for International Aviation (CORSIA).
3 https://sciencebasedtargets.org/resources/files/SBTi_
AviationGuidanceAug2021.pdf
TFCD Report
1 AR6 Synthesis Report: Climate Change 2023 — IPCC
2 The Deloitte Global 2023 Gen Z and Millennial Survey
3 Global 500 2022 | Brand Value Ranking League Table | Brandirectory
4 Based on information from Brand Finance, a leading brand valuation
consultancy, Brand Strength Index is a composite score (1-100) that measures
the strength of a brand in terms of ability to drive business value. It influences
the royalty rate, forecast growth, and discount rate used in Brand Finance’s
valuation. Values shown are from the 2022 Brand Strength Index based on
data from calendar year 2021.
Brand Finance’s valuation methodology uses the 2022 Brand Strength Index (based on 2021 data) to assess business value, influencing royalty rates, growth forecasts, and discount rates. The 2024 Global Impact Report outlines Deloitte’s performance metrics, reporting frameworks, and stakeholder engagement. Deloitte refers to the global network of Deloitte Touche Tohmatsu Limited (DTTL) and its independent member firms. With over 175 years of history, 460,000 professionals across 150 countries, Deloitte provides professional services aimed at fostering public trust, economic growth, and sustainability. For more information, visit www.deloitte.com.
of ability to drive business value. It influences
the royalty rate, forecast growth, and discount rate used in Brand Finance’s
valuation. Values shown are from the 2022 Brand Strength Index based on
data from calendar year 2021.
2024 GLOBAL IMPACT REPORT
113
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
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114
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history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide make an impact that matters at
www.deloitte.com.
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professional adviser.
No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL,
its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any
person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.
© 2024. For information, contact Deloitte Global.
115
Environmental Performance Data
Limited Assurance Report FY2024
Global Impact Report
Metrics and frameworks
Performance metrics table
Stakeholder engagement
and materiality
Basis of reporting
Task Force on Climate-Related
Financial Disclosures report
Stakeholder capitalism metrics
reference table
Global Reporting Initiative
(GRI) index
Environmental Performance Data
Limited Assurance Report FY2024
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Independent Limited Assurance Report to Deloitte Global Services Limited in Respect to the Environmental Performance data for the
year ended 31 May 2024.
BDO LLP provided an independent limited assurance report for Deloitte Global Services Limited (DGSL) regarding their environmental performance data for the year ending May 31, 2024. Following the International Standard on Assurance Engagements (ISAE) 3410, BDO verified that the data in the 2024 Global Impact Report meets the required reporting criteria. The review covered Scope 1, 2, and 3 greenhouse gas emissions, as well as total energy usage, with specific figures detailed in the report's Appendix 1.
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55 Baker Street
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Independent Limited Assurance Report to Deloitte Global Services Limited in Respect to the Environmental Performance data for the
year ended 31 May 2024.
BDO LLP (“BDO” or “we”) was engaged by Deloitte Global Services Limited (“the Company” or “DGSL”) to report on the Deloitte network’s (as defined
below) environmental performance data for the year ended 31 May 2024 (the “subject matter”) in accordance with the requirements laid out in the
FY2024 Basis of Reporting (the “criteria”). We were engaged to report in the form of an independent limited assurance conclusion as to whether the
applicable criteria have been met. Our work has been conducted in accordance with the International Standard on Assurance Engagements (ISAE) 3410
Assurance Engagements on Greenhouse Gas Statements, issued by the International Auditing and Assurance Standards Board.
Our review was limited to the subject matter reported in the 2024 Global Impact Report (“the Report”) comprising:
•
Scope 1 Greenhouse Gas (GHG) emissions (consisting of fuel combustion in buildings and vehicle fleet, internal combustion engine, reported in
tCO2e)
•
Scope 2 GHG emissions (consisting of purchased electricity, buildings and fleet, location and market based, and district heating and cooling,
reported in tCO2e)
•
Scope 3 GHG emissions (consisting of business travel, commuting and teleworking, and purchased goods and services (PG&S), reported in tCO2e)
•
Energy usage (consisting of renewable electricity, non-renewable electricity, natural gas, gasoline and diesel fuel, reported in terajoules).
Figures reviewed are shown in Appendix 1 to this report.
This report details the energy usage of the Deloitte network, which includes Deloitte Touche Tohmatsu Limited (DTTL), its member firms, and their related entities. Energy data—covering renewable and non-renewable electricity, natural gas, gasoline, and diesel—is measured in terajoules and listed in Appendix 1. Each entity is responsible for collecting its own data, which is then submitted annually to Deloitte Global for compilation. The scope includes all facilities owned or operated by the Deloitte network. The Directors of DTTL are responsible for the accuracy, completeness, and preparation of this data, as well as maintaining the internal controls necessary to prevent material misstatements. This review is limited to the specified energy data and does not constitute an opinion on the entire report.
2e)
•
Energy usage (consisting of renewable electricity, non-renewable electricity, natural gas, gasoline and diesel fuel, reported in terajoules).
Figures reviewed are shown in Appendix 1 to this report.
The Deloitte environmental performance data consist of the emissions of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms,
and their respective related entities (collectively, the “Deloitte network”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and
their respective related entities are responsible for collecting their energy consumption and activity data. Consumption and associated emissions are
submitted to Deloitte Global annually and compiled for inclusion in the Report. The engagement covered the entities comprising the Deloitte network and
all facilities either owned or under the operational control of any such entities.
We have not performed any procedures with respect to other information included in the Report and, therefore, no conclusion on the Report as a whole is
expressed.
DTTL’s Responsibilities
The Directors of DTTL are responsible for the preparation of the subject matter in accordance with the criteria and associated disclosures within the
Report, including disclosure of significant assumptions or deductions. The Directors of DTTL are responsible for the accuracy and completeness of the
information contained in the Report.
This responsibility also includes the design, implementation, and maintenance of such internal controls as are determined necessary to ensure the subject
matter is free from material misstatement, whether due to fraud or error (to the extent possible given developing methodologies).
This report outlines our responsibilities regarding the assurance of Greenhouse Gas Statements for the period of 1 June 2023 to 31 May 2024. We are responsible for designing and maintaining internal controls to prevent material misstatements caused by fraud or error. We conducted this engagement following the International Standard on Assurance Engagements 3410 (ISAE 3410). Our process includes: complying with the IESBA Code of Ethics regarding independence; applying quality control procedures under ISQM 1; gathering sufficient evidence to provide limited assurance; and reporting any relevant issues, such as fraud, non-compliance, or bias, to the company. Our final conclusion will be delivered in an Independent Limited Assurance Report. For inquiries, BDO can be contacted at 55 Baker Street, London W1U 7EU, or via phone at +44 (0)20 7486 5888.
Report.
This responsibility also includes the design, implementation, and maintenance of such internal controls as are determined necessary to ensure the subject
matter is free from material misstatement, whether due to fraud or error (to the extent possible given developing methodologies).
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Our Responsibilities
We conducted the engagement in accordance with the International Standard on Assurance Engagements 3410 (UK) - Assurance Engagements on
Greenhouse Gas Statements (“ISAE 3410”). The standard requires that we:
•
Comply with the requirements of Parts A and B of the Code of Ethics for Professional Accountants, including independence, issued by the
International Ethics Standards Board for Accountants (the IESBA Code);
•
Implement quality control procedures that are applicable to the individual engagement in accordance with the requirements of the International
Standard on Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services
Engagements (ISQM 1)
•
Plan and perform our engagement to comply with the requirements of ISAE 3410; which include obtaining sufficient evidence to provide limited
assurance, over the subject matter for the year from 1 June 2023 to 31 May 2024 in accordance with the criteria.
•
Communicate matters that may be relevant to the subject matter to the appropriate party including identified or suspected non-compliance with
laws and regulations, fraud or suspected fraud, and bias in the preparation of the subject matter; and
•
Report our conclusion in the form of an Independent Limited Assurance Report to the Company.
We will report any issues, such as fraud, non-compliance with laws, or bias, to the appropriate party and provide an Independent Limited Assurance Report to the Company. Our work involves assessing the risk of errors or fraud and evaluating the Company's reporting procedures based on ISAE 3410 standards. We will gather sufficient evidence to support our conclusion regarding the information in Appendix 1. Please note that a 'limited assurance' engagement is less extensive than a 'reasonable assurance' engagement, meaning our risk assessment and testing procedures are more restricted, resulting in a lower level of assurance.
appropriate party including identified or suspected non-compliance with
laws and regulations, fraud or suspected fraud, and bias in the preparation of the subject matter; and
•
Report our conclusion in the form of an Independent Limited Assurance Report to the Company.
Scope of the Assurance Engagement
The procedures selected, and our determination of the nature, timing, and extent of these procedures, were dependent on our judgment, including an
assessment of the risks of material misstatement and non-compliance with laws and regulation in the subject matter.
The objective of a limited assurance engagement is to perform such procedures as to obtain information and explanations which we consider necessary in
order to provide us with sufficient appropriate evidence to express a conclusion on the subject matter shown in Appendix 1.
A limited assurance engagement undertaken in accordance with ISAE 3410 involves assessing the suitability of Deloitte Global’s use of its reporting
procedures as the basis for the preparation of the subject matter, assessing the risks of material misstatement of the subject matter whether due to fraud
or error, responding to the assessed risks as necessary in the circumstances, and evaluating the overall presentation of the subject matter.
A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures,
including an understanding of internal control, and the procedures performed in response to the assessed risks. As a result, the level of assurance
obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance
engagement been performed.
This limited assurance engagement provides a lower level of certainty than a reasonable assurance engagement. To verify the Deloitte network's FY2024 environmental report, BDO performed the following procedures: reviewed reporting criteria and risks; interviewed key staff; assessed data collection and validation systems; evaluated the materiality of emissions across all Deloitte locations; tested data consolidation processes; verified information from network members and outsourced providers; performed analytical tests and sample checks on data and conversion factors; confirmed the purchase of Energy Attribute Certificates (EACs); and ensured the draft report and performance metrics align with the underlying emissions data.
, and the procedures performed in response to the assessed risks. As a result, the level of assurance
obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance
engagement been performed.
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Our procedures included, but were not limited to:
•
Review of the criteria to understand and identify risks of material misstatement in the associated Report
•
Interviews with key personnel to understand the systems and controls in place during the reporting period
•
Review and assessment of the systems, processes and controls to collate, aggregate, validate and report the data
•
Evaluated the materiality of the locations based on reported emissions and considered this for reasonableness against the geographies covered by
the entities comprising the Deloitte network, including all facilities either owned or under the operational control of any such entities and activity
in those locations
•
Tested the key processes and controls covering the consolidation process and presentation of network-wide level data
•
Reviewed the reasonableness of information provided by any member of the Deloitte network, including data of the outsourced facilities
managers or outsourced travel management companies
•
Performed analytical procedures and sample tests on collated data and conversion factors applied in accordance with published guidelines. This
included reviewing any matters showing significant variations from prior years
•
Confirmed the purchase of Energy Attribute Certificates (EACs)
•
Reviewed the draft disclosures contained within the draft Report, dated 11 September 2024 and the corresponding FY2024 Performance Metrics –
Environment table, to assess alignment with the underlying GHG emissions calculations and activity data.
We reviewed the draft report dated 11 September 2024 and the FY2024 Environment performance metrics to ensure they align with the underlying greenhouse gas (GHG) emissions data. Based on our review, we found no evidence to suggest that the data for the period of 1 June 2023 to 31 May 2024 was prepared incorrectly. Please note that our conclusion is subject to inherent limitations, as GHG quantification is rarely 100% accurate due to scientific uncertainty and measurement limitations. Additionally, the effectiveness of controls at Deloitte Global depends on their interaction with other factors within the network.
ACs)
•
Reviewed the draft disclosures contained within the draft Report, dated 11 September 2024 and the corresponding FY2024 Performance Metrics –
Environment table, to assess alignment with the underlying GHG emissions calculations and activity data.
We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion against the applicable criteria.
Conclusion
Our conclusion has been formed on the basis of, and is subject to, the matters outlined in this report.
Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the
subject matter for the year from 1 June 2023 to 31 May 2024, has not been prepared, in all material respects, in accordance with the applicable criteria.
Inherent Limitations
Our opinion is based on historical information and the projection to future periods of any evaluation of the service description or subject matter, or
conclusions on the controls or subject matter reviewed, would be inappropriate.
The following limitations are noted under ISAE 3410:
•
ISAE 3410 recognises that Greenhouse Gas quantification process can rarely be 100 percent accurate due to:
o
Scientific uncertainty, arising from incomplete scientific knowledge about the measurement of the gases
o
Measurement uncertainty, arising from limitations in measurement techniques and the use of estimations.
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The relative effectiveness and significance of specific control procedures at Deloitte Global and their effect on assessment of control risk at the level of
any individual entity in the Deloitte network are dependent on their interaction with the controls and other factors
This limited assurance report is prepared exclusively for Deloitte Global Services Limited (DGSL) and should not be relied upon by any other party. Our assessment is limited to the agreed scope; we have not evaluated controls at individual Deloitte network entities, nor have we reviewed data from prior periods or future projections. Please note that non-financial data, such as greenhouse gas emissions, is subject to inherent measurement uncertainties and lacks standardized reporting practices. Consequently, different calculation methods may lead to varying results, and these methods may evolve over time.
EU
The relative effectiveness and significance of specific control procedures at Deloitte Global and their effect on assessment of control risk at the level of
any individual entity in the Deloitte network are dependent on their interaction with the controls and other factors present at other members of the
Deloitte network. We have not performed any procedures to evaluate the effectiveness of controls at individual entities in the Deloitte network.
For this engagement, we have not carried out any work on data reported for prior reporting periods nor in respect of future projections and targets. We
have not conducted any work outside the agreed scope and therefore restrict our conclusion to the above-mentioned subject matter.
Non-financial performance information is subject to more inherent limitations than financial information, given the characteristics of the subject matter
and the methods used for determining such information. The absence of a significant body of established practice on which to draw allows for the
selection of different but acceptable measurement techniques which can result in materially different measurements and can impact accuracy and
comparability. Greenhouse gas quantification is unavoidably subject to inherent uncertainty as a result of both scientific and estimation uncertainty and
for other non-financial performance information the precision of different measurement techniques may also vary. Furthermore, the nature and methods
used to determine such information, as well as the measurement criteria and the precision thereof, may change over time.
Restriction of Use of Our Report
Our limited assurance report is made solely to DGSL and designed to meet the agreed requirements specified by DGSL. Our limited assurance report should
not therefore be regarded as suitable to be used or relied on by any party wishing to acquire rights against us other than the DGSL for any purpose or in
any context.
This limited assurance report was prepared exclusively for DGSL. BDO LLP does not accept responsibility or liability to any other party who chooses to rely on this report; any such reliance is at that party's own risk. BDO LLP is a limited liability partnership based at 55 Baker Street, London, W1U 7EU, registered in England and Wales (OC305127). As of 9 October 2024, the environmental performance data for the year ending 31 May 2024 is as follows: Greenhouse Gas Emissions totaled 1,445,810 tCO2e (Scope 1: 33,618; Scope 2: 16,908; Scope 3: 1,395,284). Total energy consumption for the same period was 2,068 Terajoules.
meet the agreed requirements specified by DGSL. Our limited assurance report should
not therefore be regarded as suitable to be used or relied on by any party wishing to acquire rights against us other than the DGSL for any purpose or in
any context. Any party other than DGSL, including any of the other members of the Deloitte network, who obtains access to our limited assurance report
or a copy thereof and chooses to rely on our limited assurance report (or any part thereof) will do so at their own risk. To the fullest extent permitted by
law, we accept no responsibility and deny any liability to any party, other than DGSL, for our work, for this independent limited assurance report or for
the conclusions we have reached.
BDO
Chartered Accountants
55 Baker Street, London, W1U 7EU
United Kingdom
9 October 2024
BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).
Appendix 1: Environmental Performance data for the year ended 31 May 2024
Greenhouse Gas Emissions
FY24, tCO2e
Total Scope 1 emissions
33,618
Total Scope 2 emissions
16,908
Total Scope 3 emissions
1,395,284
Gross GHG Emissions
1,445,810
Energy Usage
FY24, Terajoules (TJ)
Total energy consumed, consisting of electricity (renewable and
non-renewable), natural gas, gasoline, diesel fuel and district
heating and cooling
2,068