2020 Annual Report

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Working towards net zero emissions by 2030

WorldClimate is our Global Climate and Sustainability Strategy.

We are committed to achieving net zero emissions by 2030 by setting ambitious carbon reduction targets, ensuring we have consistent, sustainable internal policies and encouraging our people to take action.

Society is increasingly demanding that business plays a greater role in addressing global challenges. Through our work, Deloitte has the power to tackle issues such as climate change and sustainability.

Our purpose – to make an impact that matters – is at the heart of our firm’s ambition. It guides our decision-making and, during the COVID-19 pandemic, our purpose and values have never been more important.

The climate emergency isn’t a challenge that anyone can solve alone. We must work with our clients, alliance partners, suppliers and other stakeholders to achieve the change that’s needed.

Responding to the climate emergency

The worst impacts of climate change will have a profoundly destabilising effect on business and society. We can still choose a future without this disruption – but it depends on every business taking steps to reduce their carbon emissions.

As a global employer, we want to take a leading role in achieving the aspiration set out in the Paris Agreement – to keep the world within a 1.5oC temperature increase.

WorldClimate is our Global Climate and Sustainability Strategy.

We are committed to achieving net zero emissions by 2030 by setting ambitious carbon reduction targets and ensuring we have consistent internal policies.

WorldClimate is also about encouraging our people to take action themselves and extending our impact beyond Deloitte. We will:

  1. Minimise carbon emissions from our real estate, business travel and supply chain, and offset our residual emissions
  2. Drive change through our products and services by working with our clients to embed responsible climate practices in some of the largest companies in the world
  3. Use our networks and make the most of our relationships and the trust companies and governments place in us, to accelerate the transformation of entire industries

Our journey towards net zero

In many of our geographies, our sustainability journey began more than a decade ago.

Some of the buildings we occupy are leading examples of sustainable real estate and this year our operations and business travel will be carbon neutral. Our net zero ambition will build on these successes by increasing the scope, scale and impact of our carbon reduction and offsetting programmes.

By 2030, or earlier, we will:

  • source 100 per cent renewable electricity for our buildings
  • convert our car fleet to 100 per cent plug-in hybrid and electric vehicles
  • reduce business travel emissions by 50 per cent per FTE
  • ensure that more than 67 per cent of suppliers (by emissions) have set their own 1.5oC aligned carbon reduction targets
  • offset all residual operational and value chain emissions through high-quality schemes

Success will require every one of us – personally and collectively – to play our part and by doing so, we will reduce our emissions by 50 per cent per FTE by 2030.

This will provide a strong foundation from which we can engage and support the industries we serve, as we all respond to the climate emergency.

For FY20 our UK and North and South Europe (NSE) carbon offset strategy was to invest in purposeful offsets that support:

  • climate justice projects helping communities most at risk from climate change
  • just transition projects helping fossil fuel dependent communities transition to new economic models
  • future financing projects that invest in nature-based carbon removals, such as reforestation.

The projects we selected included helping families switch from kerosene to off-grid solar to reduce fossil fuel use, the creation and maintenance of boreholes across East Africa which reduce the need to burn wood to purify unclean water and funding tree planning initiatives in Kenya and Uganda.

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