Deloitte is committed to continuing the fight for social justice to help reject and eradicate the systemic bias and racism that plague the Black community. Coming together as one, we are drawing from our history of driving inclusive behavior in our organization, our profession, and the world, to focus on creating a better future for our Black colleagues and community.
As an organization genuinely committed to the well-being of its people, Deloitte is deeply affected by the tragedies that undermine the Black community. By coming together to honor the victims and listen and learn from our Black colleagues, we gain valuable perspective. Our reflection to date has resulted in two fundamental realizations. First, we need to do more as an organization, and second, we must act intentionally and purposefully to do our part to dismantle systemic inequality in society.
We have a moral responsibility—as a purpose-driven enterprise focused on diversity, equity, and inclusion—to take a stand and make a difference on important societal issues, which includes championing racial equality and social justice. As such, we have taken immediate, concrete steps to positively impact organizational and societal change through:
Empowerment: The Black Action Council—sponsored by both our US CEO and US Chair—was created to thoughtfully architect, execute, and accelerate our transformational strategy to better enable Black professionals at Deloitte and sustain an antiracist culture for our people and organization. Consisting of 14 leaders and over 50 professionals, the Council represents diversity across our businesses, geography, level, gender, and race. Over 50% of the Council members are Black. More than 50% are women.
Leadership and accountability: Leaders at every level are committed to fostering a culture of listening, learning, empathy, and compassion, holding our organization and each other accountable by defining and cascading measurable goals and providing updates on progress. We are doubling down on our focus on diversity, equity, and inclusion (DE&I), including greater representation and transparency. We also seek input from our leaders and those in our communities who work with us to make needed change happen.
Recruitment and development: Every stage of our Talent strategy relating to the future of work is being reimagined—from early identification to recruitment to career development and succession. We are focused on removing barriers that have created obstacles for Black people in our society who are pursuing accountancy, tax, and consulting, thereby increasing the pool of Black talent in these professions. In the fall of 2020, we proudly welcomed the most diverse group of new hires in our history.
Education and understanding: We are engaging with premier thought leaders in the social justice space to help educate professionals on race, racial identity, allyship, and antiracism through moderated discussions.
Civic engagement: We are encouraging deeper community engagement at a national and grassroots level by increasing awareness about the importance of voting and how to do so, and by promoting paid time off for our professionals to cast their ballots during local, state, and national elections. Everyone's right to vote is essential.
Business advancement: We are analyzing how we direct business spend and investments to prioritize, support, and enable more Black-owned and Black-led businesses by leveraging the unique capabilities, relationships, and assets of the firm.
Community investment: We are taking on pro-bono projects, volunteering in our local communities, and starting with a donation of up to $10 million to organizations improving social justice, employment, wealth, equality, and equal educational opportunities for the underserved.
We understand it will take a lot of work and dedicated effort over time, but we are fully invested and unwaveringly committed. As we take specific actions, we will share thorough, timely updates on our progress.
Change isn't just coming. It's here.