2022 SEA Impact Report

Philip Yuen, Deloitte SEA CEO

The past year has been a busy and impactful year for all of us at Deloitte Southeast Asia (SEA).

While we faced challenges, including navigating multiple new COVID-19 outbreaks and lockdowns and dealing with the social and economic impacts of the global geopolitical tension and a surge of inflation, we have done well in the past year.

Led by our purpose and working cohesively as one firm across Southeast Asia, we made great strides in FY2022. We have continued to support our people, clients and communities, growing our business and helping our talented staff and partners to thrive.

We achieved this because of our shared purpose – to make an impact that matters. Our purpose is the thread that binds us as one, and in times of uncertainty, it inspires us to keep harnessing our collective energies to change lives, build stronger systems and shape the future.

As a firm, we kept innovating, recognising the significant impact we can have on our client’s future growth and productivity when we transform how we operate and deliver services. By investing in our digital capabilities and deepening our industry-specific knowledge, we are better able to meet our client’s complex needs and guide them on their transformation journeys.

We believe that our people are our greatest assets, and our focus has long been to foster a workplace that embraces diversity and inclusion, open communication, learning and coaching. In FY2022, we continued to prioritise taking care of our people and looking after their physical and mental wellbeing. This included establishing our Deloitte Experience program, which supports hybrid and flexible work while emphasising the value of in-person connections that encourage workplace collaboration.

While the business environment continues to be volatile and challenging, there are also myriad opportunities across Southeast Asia. However, the ability to overcome the challenges and capitalise on the opportunities requires local knowledge as well as a regional and global mindset. Our growth in key ASEAN markets like Indonesia, Malaysia, the Philippines, Thailand and Vietnam is a testament to the strength of our collective SEA firm and our multi-disciplinary model.

I am proud of our many achievements over the past 12 months. Looking ahead, we will continue to live our purpose during these unprecedented times and work together to achieve positive outcomes for our people, clients and communities.

Philip Yuen
Chief Executive Officer
Deloitte SEA

A message from the Chairman

Michael Fiore, Deloitte SEA Chairman

It has been a transformative year for Deloitte SEA, our people, our clients and our society.

For our firm, standing still was not an option and by adapting and innovating, we were able to help our clients navigate through challenging business conditions while supporting our people and building our own resilience.

Guided by our shared values – to lead the way, take care of each other, foster inclusion, collaborate for measurable impact, and serve with integrity – we worked to earn the trust and respect of our key stakeholders and consistently deliver quality service to our clients.

Many of our initiatives revolved around advancing our corporate responsibility and sustainability pillars through WorldImpact. This portfolio of initiatives focuses on our commitment to make a tangible impact on society’s biggest challenges, create more opportunities and spur economic growth that is inclusive, sustainable and fair.

This includes our WorldClass program which aims to equip and expand opportunities for 100 million people by 2030. In Southeast Asia, our people volunteered in numerous programs which imparted knowledge and job skills to the less fortunate to help them achieve their potential and expand employment opportunities.

In FY2022, Deloitte SEA’s community investments totalled US$1,800,275 and our people touched 219,002 lives across the region through our WorldClass programs.

We have also made progress on our WorldClimate strategy and are committed to taking measurable, decisive actions on climate change to reach our net-zero emissions by 2030 goals, which consist of near-term greenhouse gas reduction goals that have been validated by the Science Based Targets initiative.

Actions taken to drive responsible climate choices within our organisation include launching “WorldClimate – Rewrite our Future”, an e-learning program that empowers our people with the knowledge to make positive climate choices. In addition, we organised the Green Impact challenge which encouraged them to take a variety of sustainability-related actions.

We also partnered with leading organisations such as Climate Governance Singapore to raise Board members’ awareness of the impacts of climate change and help to equip them with the skills needed to navigate the associated risks and opportunities.

When we reflect on the past year, there are many lessons we have learnt and of which we can be proud. During a time of ongoing uncertainty, we acted responsibly and led with confidence.

In FY2023, we will continue working to achieve bold societal and environmental goals through the collective strengths of our people and the wider ecosystems in which we operate.

We strive everyday to build the firm of the future that is trusted, resilient and agile to meet the transformational challenges and opportunities that lie ahead.

Michael Fiore
Deloitte SEA