Deloitte launches social impact strategy to improve one million lives
15 March 2017
Deloitte, the business advisory firm, has launched a five year social impact strategy to help improve the lives of one million people. One Million Futures will see the firm work with more than 45 charities, schools and social enterprises across the UK to invest in a range of programmes that seek to raise aspirations, improve skills and develop leaders. This will include supporting 27 education and employability charities and social enterprises across the UK through Deloitte’s Society Partners programme.
Through a focus on education and training, One Million Futures aims to help one million people get to where they want to be; whether it’s in the classroom, the workplace or the boardroom. Deloitte employees will dedicate 250,000 hours of volunteer support, using their skills and experience to make a difference to the communities in which they work. This will include £4 million in pro bono support for Deloitte’s Society Partners, who will receive access to professional skills and expertise on a voluntary basis.
David Sproul, Deloitte’s senior partner and chief executive, said: “The political events of the last year, both in the UK and globally, have shown us that many people believe they have been left behind by a system that doesn’t listen to them and only rewards the elite. This perceived lack of trust in the economic, political and business agenda must be restored, and it is critical we confront these challenges head-on. We strongly believe a person’s background shouldn’t dictate their future, and our strategy will help us to focus on creating more opportunities around jobs, skills and training that generate shared value for our local communities and the wider economy.”
As part of the One Million Futures programme, the firm will expand its social impact initiatives to ensure that:
- Every year, approximately 200 students from schools in low-income communities will gain work experience at Deloitte through the firm’s ASPIRE programme;
- More than 500 students will receive mentoring from Deloitte volunteers through our Deloitte Access programme in collaboration with education charity Teach First;
- Each Deloitte office in the UK supports a local Society Partner. The London office will support five Society Partners, with one allocated to each of Deloitte’s service lines: tax, consulting, audit, financial advisory and internal client services; and,
- Deloitte aims to raise £2 million for its Society Partners through employee fundraising.
Over the last three years, more than 10,000 students have been supported through Deloitte Access in collaboration with Teach First. Through the One Million Futures programme, the firm will grow this number through its continued work with 18 Teach First partner schools in the UK by providing a tailored package of support including mentoring, skills based-workshops and team-building exercises. Deloitte was recently named by Teach First as one of its six Transformation Partners, which are organisations that have worked with the education charity for over 10 years and have each donated in excess of £1,000,000.
Brett Wigdortz OBE, CEO and Founder of Teach First, said: “Deloitte has been a Teach First supporter since 2005 and in the very earliest stages, helped to put in place crucial financial systems and processes to help select our first group of trainees for the Leadership Development Programme. More recently, Deloitte has played a hugely significant role in our work to ensure young people from low-income backgrounds are able to access the higher education and career opportunities they deserve. Through our partnership together, nearly 4,000 Deloitte volunteers have supported over 10,000 students to take part in a range of skills-based activities and workshops, as well as through mentoring relationships. We are immensely proud of what we have achieved through partnering with Deloitte; a flagship example of the unique value created by partnering with businesses.”
Sproul concluded: “By giving people the skills and opportunities they need to succeed, we can help them to overcome barriers to education and employment. This will ensure we are helping to create a fairer society, one that focusses on improved social progress and inclusive growth.”
Notes to editors
About Teach First
Teach First invests in the power of people to change the lives of children from low income backgrounds by:
- Finding and developing great people to teach and lead in schools facing the greatest challenges;
- Increasing the attainment and aspirations of pupils and their access to higher education and employment; and
- Building a movement of teachers, school leaders, social entrepreneurs, policy makers and business people who are committed to ending educational inequality.
Since 2003, Teach First has placed 10,000 leaders in schools serving low-income communities, reaching over 1 million young people.
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.