- Workforce expands to more than 345,000, a 3.2% increase
- Releases first Environmental, Social and Governance (ESG) report
Deloitte reported aggregate global revenue of US$50.2 billion for the fiscal year ending 31 May 2021 (FY2021), a 5.5% increase in US dollars (USD), as officially announced by Deloitte Global on 8 September. Moreover, Deloitte reported and increase of 3.2% in workforce, rising the number of its people to more than 345,000 professionals globally.
“Events of this past year have had an unprecedented impact on the world and our organisation. From the COVID-19 pandemic to more frequent, extreme climate events, and social upheavals, we are grateful that we’ve been able to continue to help clients and support our people as we all navigate through this challenging environment,” says Punit Renjen, Deloitte Global CEO. “While the past year was difficult and defined by uncertainty, it has shown what can be achieved at speed and scale when businesses, governments, and society work together to tackle tough global challenges. This cooperative approach is a model that we must continue to build on.”
“Deloitte embraces the opportunity to lead by example, to drive change through cooperative efforts, and to find and invest in better solutions to business and societal challenges. Our focus during the past year has been on deploying our global capabilities to help clients respond, recover, and thrive during the pandemic; enabling mental and physical wellness for our professionals to perform at the highest levels; helping communities address the need for greater health equity and better educational opportunities; and prioritising the environment as we move closer toward our net-zero target,” adds Renjen.
Staying resilient, responding to clients’ evolving needs
Deloitte successfully served clients, leveraging investments in technology that helped us stay connected, expand alliance relationships, invest in innovation, and serve the public interest. Deloitte’s success during the year reflects our commitment and our ability to adapt to meet the evolving needs of our clients.
Among the regions, Asia Pacific (APAC) grew fastest at 14%, followed by Europe/Middle East/Africa (EMEA), which grew at 11.3% (both in USD).
Additionally, in FY2021, Deloitte intensified efforts to help clients advance their ESG and sustainability efforts. Employing innovative approaches, digital solutions, deep industry insights, and lessons learned from our own experiences, Deloitte worked with clients to develop their strategies and adapt their operations for success in a changing marketplace.
For the third consecutive year, Brand Finance recognised Deloitte as the strongest and most valuable commercial services brand in the world. And industry analysts continued to acknowledge Deloitte’s leadership in many service areas including cloud, cyber, strategy, and analytics.
Pieris Markou, Chief Executive Officer of Deloitte Cyprus, comments: "The global results announced by Deloitte clearly show the path our organisation is on – one of growth. Deloitte’s global initiatives are particularly noteworthy in many areas and we have ambitious goals for the future. As Deloitte Cyprus, we are proud of our network’s achievements and we reiterate our own commitment to continue to play a leading role in the economic, business and social developments of our country. The various rankings we receive by global analysts is a testament to the expertise of our people and the quality of our work, such as our recent recognition as 'Cyprus Tax Firm of the Year 2021' by the internationally renowned International Tax Review."
Living our Purpose by making a positive impact for people and society
As the world’s largest professional services organisation, Deloitte is guided by its purpose to make an impact that matters. For Deloitte professionals, that means working to address the increasingly complex challenges society faces and creating a future where trust in institutions and systems is restored and progress is made on major societal challenges—including systemic racial injustice, social inequity, climate change, and economic inequality.
In FY2021, Deloitte made significant progress on ESG reporting; education; health equity; diversity, equity, and inclusion (DEI); mental health; and the environment. Deloitte’s FY2021 societal impact investment was $223 million USD, bringing our five-year investment total to $1.15 billion USD.
Deloitte also expands its commitment to the environment. Deloitte believes deeply that climate change is one of the defining global challenges of our time. Through Deloitte’s WorldClimate strategy, we are driving responsible climate choices within our organisation and beyond.
ESG reporting: This year, the Deloitte Global Impact Report includes in-depth reporting of the impact on the environment and on society, as well as a more detailed look at the structures and processes of the organisation.
“While the pandemic and disruptions of the past year have exposed considerable inequities in our society, they have also provided us with an opportunity to build resilience into our global economy, rebuild trust in our systems and businesses, and foster a better future for more of the world’s people,” adds Renjen. “Our future is not preordained. We can create a better world for future generations. To thrive tomorrow, it is imperative for everyone—governments, businesses, and individuals—to put people and our environment first, and act now to create a more resilient world that is prepared for and adaptable to the next set of challenges.”
To learn more about Deloitte’s societal impact and FY2021 performance, please read the 2021 Global Impact Report (found on the link globalreport.deloitte).