Energy, Resources & Industrials: Striving for a net-zero future
In the Energy, Resources &Industrials* (ER&I) sector, our dedication lies in delivering up-to-date, innovative and suitable solutions to the industry. There is increased geopolitical tension, investor and regulatory pressure and changing client demand, and there is a growing consciousness that there is a need to build a profitable business and transform business models in order to remain relevant, sustainable and competitive.
Our clients are facing very volatile economic and geopolitical developments, causing supply chain issues, high energy prices and manufacturing costs, changes and scarcity in the raw material base and record inflation rates.
We will continue to help Finnish clients navigate these challenges and even come out on top. Deloitte provides top-class insights, research and events that address our clients’ current challenges, and we provide support on technological innovations. Topical themes for our clients are geopolitics, energy transition and the scarcity of raw materials (scrap iron, renewable waste fats, fibres, bio raw materials for chemicals etc.). We also see that many of our industrial clients have both divestments and acquisitions on their agenda – we strive to support our clients to adapt to the changing market conditions through defensive and offensive M&A.
Evolving within interconnected ecosystems and industry hubs
Developments in the past year have made it clear that it is essential that the purpose, sustainability, affordability and security of the energy supply remain in balance. Our industry is evolving within interconnected ecosystems and industry hubs, and Deloitte possesses the capability to comprehend these changes and offer a forward-looking perspective to both society and our clients. Our focus will be on enhancing our industry-specific knowledge at the local level and substantially expanding our presence in the growing market. We understand the requirements of future regulations and are therefore able to share fact-based information in order to help our clients make the right decisions. Through this, we can also indirectly ensure that the right initiatives have been considered in the future legislation.
"Our ability to support our clients to thrive in uncertain times, assisting them with their purpose and business growth, as well as climate ambitions, makes me confident that we are on the right path."
- Mika Järvensivu, Industry Leader, Energy, Resources & Industrials
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Thinking innovatively and exploring new solutions
Sustainability and climate change are the big drivers behind many things – whether the issue is raw materials, the energy transition or people – covering entire end-to-end supply chains. Decarbonisation is a challenge which needs urgent and scalable solutions, especially in the hard-to-abate sectors such as the steel and petrochemicals industries. Innovative thinking and exploring solutions (i.e. different types of green technologies) are the keys to supporting a net-zero transition.
*Deloitte’s ER&I sector provides comprehensive, integrated solutions to all segments of the energy, chemicals, forest, power and utilities, mining and metals, industrial products and construction sectors.
Financial Services: Pioneering sustainability in a shifting economic landscape
Financial services companies play a pivotal role in shaping a future that is both financially secure and environmentally responsible. In the Financial services industry (FSI) we are dedicated to assisting our clients in navigating the complex landscape of sustainability, helping them meet and exceed these expectations, and ultimately contributing to the broader sustainability goals of our industry.
The financial services sector is the cornerstone of economic stability and growth. Through their various offerings and expertise, banks, insurers and wealth managers not only support individual and business aspirations but also contribute to the overall resilience and vitality of the economy, particularly during uncertain economic times. Tangible measures include, for instance, securing mortgages for first-time homebuyers, financing small and medium-sized business owners and issuing life insurance policies to ensure the financial well-being of policyholders’ families.
In the current financial landscape, we are witnessing a significant shift as money, for the first time in 15 years, has gained tangible value. While this development has yielded positive results for banks’ revenue streams, there is growing concern that its long-term repercussions may adversely impact on clients and fundamentally alter the dynamics of the financial markets.
At Deloitte we are dedicated to helping the financial services sector to not only thrive in the present but to also make enduring contributions to a resilient and sustainable global economy.
"Our mission is to empower businesses with innovative solutions that drive financial resilience and growth in an ever-evolving market."
- Mikko Helin, Industry Leader, Financial Services
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Charting a path to sustainable growth
Our priorities for the upcoming year are centred on securing sustainable growth across our client portfolio while expanding our footprint in addressing the most relevant business issues (such as digitalisation powered by data and compliance issues) together with our clients. In the ever-evolving landscape of the financial services industry, sustainability has become a paramount concern, driven by regulatory mandates and the expectations of various stakeholders, including end customers, investors and partners. We are committed to helping our clients navigate these sustainability challenges and contribute to the industry’s broader sustainability goals while maintaining our focus on growth and value creation.
Empowering our clients for sustainable success
The financial services industry holds a pivotal role in shaping a more sustainable society. It serves as a central hub for making concrete decisions that influence the direction of sustainability initiatives. Financial sector organisations are increasingly interested in where they invest, who they finance and to whom they grant insurance, recognising the profound impact of these issues. Through innovative financial product design and strategic initiatives, financial services companies possess the capacity to effect meaningful change on a broader scale.
Government & Public Services: Together with our clients, we are committed to making Finland a better place for its people
In the Government & Public Services (GPS) sector, we reshape public services, making them more efficient to deliver and accessible to people. Whether we are integrating new technologies, helping governments and public sector organisations make better data-driven decisions or designing health and social services, we are the trusted partner for our public sector clients.
Together with our clients, we are committed to making Finland a better place for its people. We create value by helping improve public services, which in turn maintains a healthy and safe country.
During recent years, our assignments have focused on topics related to the health and social services reform, digitalisation and employment reform. Working closely with public sector leaders, we support innovative delivery models, digital transformation, and leadership and talent development. All these engagements indicate our capability to impact on almost everyone in Finnish society.
A focus on health and well-being services
The Finnish population is ageing and the need for care is increasing. For the upcoming year, our focus will especially be on health and well-being services and defence. Other topical themes for our clients are infrastructure and AI. How can governments build infrastructure for tomorrow with today’s rising costs? What AI solutions are required to meet citizen needs? These questions highlight highly relevant topics for public sector leaders. Moreover, we are looking forward to what the priorities of the new Finnish government will be.
The far-reaching impact of today’s choices
The decisions we make today can impact on the quality of life for the generations to come. The public sector is making the rules, and they must show us how to live by them.
We serve government and public sector organisations as they build resilience toward climate change, reduce their carbon footprint and develop a sustainable governance structure. For example, government purchases can be leveraged to improve environmental and social conditions. We believe that each organisation has a role to play in helping address the climate crisis. As we serve public sector clients, we make an impact that matters.
"The decisions we make today can impact the quality of life for the generations to come. The public sector is making the rules, and they must show us how to live by them."
- Lauri Salmivalli, Industry Leader, Government & Public Services