Deloitte Touche Tohmatsu Limited

RATING

SECTOR

Business Services

WEBSITE

CONTACT

2 New Street Square London, EC4A 3BZ United Kingdom

STOCK EXCHANGE

N/A

LISTING

  • Universum’s first Global Diversity & Inclusion Index

EMPLOYEES

334,800

CHIEF SUSTAINABILITY OFFICER

Kathryn Alsegaf

AWARDS

  • 2020 Catalyst Award for advancing women in leadership;
  • Working Mother & Avtar Best Company for Women (India)
  • Times Top 50 employers for Women (UK)
  • Business in the Community (BiTC) Gender Equality Award in Business (UK)
  • 2020 Careers & the disABLED Top 50 Employers (US)
  • Working Mother 100 Best Companies

CONTENT SOURCE

FURTHER READING

Report created by Maribel Sabino

Deloitte Touche Tohmatsu Limited

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services.

Deloitte is one of the Big Four accounting organizations and the largest professional services network in the world by revenue and number of professionals, with headquarters in London, United Kingdom.

With 175 years of hard work and commitment to making a real difference, Deloitte has grown in scale and diversity—approximately 334,000 people in 150 countries and territories, providing these services—always striving to act in the public interest, exercise the highest ethical standards and deliver the highest-quality services.

Company Sustainability Activity

Environmental sustainability continues to be a C-suite level priority for Deloitte and advancing Deloitte’s progress on sustainability and climate change has been prominent on the agenda of the Deloitte Societal Impact Council, a senior leadership group focused on Deloitte’s social impact and responsible business agenda.

Deloitte is committed to helping its people adopt and share sustainability-focused approaches to their professional lives and their engagement in their communities by advancing it’s own sustainability agenda.

Deloitte’s commitment to sustainability is embedded within their WorldClimate initiative, a new climate strategy formulation focusing the organization on making responsible climate choices. This strategy to drive responsible climate choices within their organization and beyond is built on four pillars: achieving net-zero greenhouse gas emissions by 2030; addressing Deloitte’s internal policies and procedures to align with its climate ambitions; educating and inspiring Deloitte people to act on climate change; and working with ecosystems for collective impact.

The WorldClimate agenda will complement the growing sustainability services provided by Deloitte firms. Offerings currently include environmental sustainability services related to strategy, resource productivity, risk mitigation, attest services and supply chain. In addition to this initiative, Deloitte is dedicated to reducing carbon emissions in their offices worldwide.

Highlights

Cut emissions

  • Net-zero by 2030

Operate green 

  • Address internal policies and practices

Empower individuals

  • Educate and inspire Deloitte people to act on climate change 

Engage ecosystems 

    • Engage with ecosystems to address climate change

Targets

Net-zero carbon emissions by 2030

  • Significantly reduce Deloitte’s greenhouse gas travel emissions 
  • Source 100% renewable energy for Deloitte facilities by 2030
  • Switch fleets to 100% electric vehicles 
  • Engage Deloitte’s supply chain to set science-based carbon reduction targets 
  • Invest in meaningful carbon offset projects to compensate for remaining emissions

Operating green

    • Designating a senior leader to be responsible for climate in each geography
    • Prioritizing discussion of climate change on executive agendas
    • Embedding climate-smart considerations into decisions on office operations, real estate, and investments

Progress

Carbon emissions

  • The company is taking steps to address its current level of emissions through offset purchases
  • Deloitte’s carbon-reduction goals set in FY2019 included an 11% reduction in business travel by FY2025
  • All carbon emissions resulting from air travel in FY2019 were offset through the purchase of third-party-verified carbon credits, and planning is underway to purchase a combination of renewable energy or offsets to address FY2020 emissions
  • Deloitte Africa’s new headquarters in Waterfall City, South Africa, which opened in FY2020, achieved a LEED (Leadership in Energy and Environmental Design) Silver rating in recognition of its sustainable design

Certificates

  • LEED Silver rating

UN Sustainable Development Goals

UN SDGs Compliance

SDG 10

  • Deloitte’s ALL IN diversity and inclusion strategy is focused not only on ensuring that all Deloitte people live the organization’s values and understand the importance of an inclusive culture empowered by inclusive leadership, but also on designing and implementing specific interventions designed to achieve Deloitte’s diversity goals.

SDG 12

  • Deloitte introduced their commitment to Responsible Business Practices and Supplier Code of Conduct in FY2020, codifying Deloitte’s long-held beliefs and principles around these key areas.
  • Deloitte’s commitment to responsible business outlines the responsible business principles they believe in and the commitments they have made.
  • Deloitte’s Supplier Code of Conduct outlines their expectations of suppliers—that they support their commitment to doing not only what is good for business, but also what is good for those with whom the company deals and the communities in which they live and work.

SDG 13

  • WorldClimate, a new climate change strategy, was formulated to focus the organization on making responsible climate choices including initiatives for achieving net-zero greenhouse gas emissions by 2030; addressing Deloitte’s internal policies and procedures to align with its climate ambitions; educating and inspiring Deloitte people to act on climate change; and working with ecosystems for collective impact.

SDG 17

Secondary SDGs: 4, 5, 7, 8, 16

Deloitte’s commitment to helping its people adopt and share sustainability-focused approaches to their professional lives and their engagement in their communities by advancing it’s own sustainability agenda is evident in their sustainability initiatives and strategies. These include WorldClimate, WorldClass and dedication to reducing their carbon emissions.

Deloitte holds very few certificates and labels, and does not have primary listings and awards. While there is clear effort to address challenges associated with sustainability, Deloitte has some progress to make in terms of being a leader in sustainability. For these reasons, the company has been rated a C.

Analyst Outlook: Negative

Because of minimal certificates and labels, Deloitte is receiving a negative outlook. To date, the company has little highlights on what have already been achieved in terms of sustainability.

Key Points

  • Initiatives to reduce carbon emissions are extremely broad and do not specify goals based on locations.
  • LEED certificates are only specified for Deloitte Africa’s headquarters. To ensure accurate reporting, Deloitte should specify if other buildings around the world are certified.
  • The WorldClimate strategy is extremely broad.
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