Deloitte named to Fortune’s 'Change the World' list
Recognized for developing and equipping today's workforce for tomorrow
New York, NY 21 August 2018—Fortune has named Deloitte to its prestigious 2018 "Change the World" list, a yearly ranking of top businesses that do well by doing good. The only professional services network to be listed, Deloitte is featured on this year’s list for its work to prepare clients and its people for the technological changes of the Fourth Industrial Revolution.
“Deloitte is deeply honored to be listed among the top organizations changing the world. At the core of Deloitte’s business model is the fundamental belief that we exist to make a positive impact for clients, our people, and the communities in which we live and work,” says Punit Renjen, Deloitte Global CEO. “Through our network of Deloitte University facilities worldwide, we have embraced the opportunity to prepare and equip our people with the critical thinking and leadership skills needed to navigate the technology-driven disruption clients and we as a network face today.”
Deloitte’s commitment to making a positive impact centers on preparing people for the opportunities and challenges of the Fourth Industrial Revolution. Globally, millions lack the education, skills and training needed to succeed in the rapidly changing global economy. Deloitte believes it is critically important that businesses lead in the development of the workforce of the future.
By using learning programs that focus on critical thinking, emerging technologies such as robotics and artificial intelligence, and leadership development and advancement, Deloitte serves as the business university of the world as it helps clients prepare for how and where work will be done in the future.
However, bringing fresh perspectives to clients and training the next generation of business leaders is only part of Deloitte’s commitment. WorldClass, an organization-wide societal impact initiative, aligns Deloitte’s efforts around a global ambition. Through WorldClass, Deloitte is expanding access to education and career-building opportunities for those affected by the Fourth Industrial Revolution. Our ambition is to reach 50 million futures by 2030 by creating pathways for people to fulfill their aspirations and find meaningful work in the new economy.
Deloitte’s societal commitment also goes beyond education and skills development. In FY2018 alone, additional Deloitte societal impact initiatives included: award-winning work showcasing the social and economic value of the Great Barrier Reef in Australia; cooperating with the Refugee Studies Center at the University of Oxford on a cross-border initiative focused on realizing the economic potential of refugees living in Europe; and serving as the lead innovation partner for UNLEASH 2018, a global initiative aimed at inspiring and supporting the next generation of leaders who are developing solutions to some of the most vexing problems facing the world today.
The "Change the World" list recognizes businesses that have had a positive societal impact through activities that are part of their core business strategy. Fortune prioritizes organizations with annual revenues of $1 billion or more. Recognition is based on four indicators:
- Measurable social impact: Fortune considers the reach, nature, and durability of the company's impact on one or more specific societal problems. This category receives extra weight.
- Business results: Fortune considers the benefit the socially impactful work brings to the company. Profitability and contribution to shareholder value outweigh benefits to the company's' reputation.
- Degree of innovation: Fortune considers how innovative the company's effort is relative to that of others in its industry and whether other companies have followed its example.
- Corporate integration: Fortune considers how integral the initiative is to a company's overall strategy, and how well that strategy is communicated through the ranks and elsewhere.
About the Deloitte Societal Impact Commitment
Addressing the complex challenges society faces today has become a mandate for business, and one that requires a new mindset for action.
Deloitte is taking action through WorldClass, a societal impact initiative to empower 50 million futures by 2030. Our ambition is to create pathways for people to fulfill their aspirations and find meaningful work in the new economy. The Deloitte network is also empowering women around the globe, promoting environmental sustainability, investing in new insights and methodologies, and serving clients to fulfill their purpose.
Deloitte is committed to responsible business practices, serving the public interest, and making an impact on society. Learn more about our commitments here.
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 are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our network of member firms in more than 150 countries and territories serves four out of five Fortune Global 500®companies. Learn how Deloitte’s approximately 264,000 people make an impact that matters at www.deloitte.com.