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We live in complicated times. War on European soil continues, with the attendant human, economic, and social costs. From inflation to interest rates, and supply chain issues to labour shortages, uncertainty has been the name of the game for many firms.
Businesses and societies remain vulnerable to shocks, and embedding resilience therefore remains top of mind. At Risk Advisory we have responded in kind. As a revenue growth of 35 per cent compared to last year shows, we have continued to serve the market as trusted advisors whilst deepening our own expertise.
We are leading the way in financial regulatory risk and undertaking significant work in the financial services industry. IT Audit, too, has seen us deliver quite extra-ordinary work – showing the strength of the talents we have within our team, who regularly go above and beyond. We have achieved thought leadership status in a manner that will only be scaled up as we further integrate across the Nordics, building upon our strong foothold in the market.
A diverse team delivering with excellence
It is often said that diversity is a strength: in Risk Advisory, we prove this every single day. Of the almost 250 talents that make up our team, over 30 different nationalities are represented. Less than 50 per cent of our team are Danish: our ability to attract – and retain – international talents is clear.
We were of course so proud to see our colleague Vildana Amalie Coralic recognised on Berlingske’s “Talent 100” list – celebrating 100 talents under the age of 36 who have performed exceptionally within their field. It is so important to have role models like this within our team – it strengthens and inspires us all.
Our reputation is strong, and we are trusted in the market. Our strong capabilities on cyber, resilience, and defence mean these are growth areas – which are attracting new talents, and giving them and our team exciting, rewarding, and intellectually engaging client journeys.
Cross-cutting expertise in the cyber and sustainability spaces
Cyber and sustainability remain core to much of our work, and we are #1 in cyber services in Denmark according to the market survey from Aalund. Both the work of our firm and that of our clients has been significantly affected by the macroeconomic and geopolitical events and trends shaping our world: from the continuing war in Ukraine to the fast-moving tech developments in AI – all with the ever-present backdrop of climate change keeping sustainability high on the agenda.
Amidst this disruption, securing business resilience has been our alpha and omega: from supporting clients in the energy sector hit by the war in Ukraine, to protecting businesses in the consumer industries sector.
Building up our own cyber capabilities has been a focus across FY23 – and cyber security, in turn, has become a more mature business. International talents have been attracted, investments are paying off – and we are showing a demonstrable ability not just to serve the market of today, but to meet clients’ evolving needs.
Another important growth area is SAP, where we have a leading position, which is leveraged both in Denmark and globally.
On sustainability, too, we have continued to make an impact. Our X factor – which we have brought into play across FY23 with our clients – is the combination of deep expertise across disciplines, an international network to draw upon, and practical knowledge. We can help clients make sense of the diverse, evolving legislation at both the national and EU level shaping businesses’ responsibilities and requirements when it comes to sustainability – translating laws into action and turning sustainability into a competitive advantage rather than ‘just’ a compliance task. This deep technical knowledge, and our ability to operationalise it, is a strength which is beginning to snowball.