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Sustainability, climate & equity tax services
Accelerating your journey to net zero
Accelerating your journey to net zero
In response to rising investor demands and new regulations like the 2022 Inflation Reduction Act (IRA), companies are working intensely to increase their focus on environmental, social, and governance (ESG) goals. As they accelerate their sustainability efforts, tax leaders may find themselves at the epicenter of a major transformation. Deloitte can support you on this journey.
The rapidly changing sustainability tax landscape
Sustainability will likely have a profound impact on business operations, and tax departments have a vital role to play in decision-making and strategy.
Take the IRA’s sustainability, climate and equity provisions. They include new tax incentives to promote climate change mitigation and clean energy. Significant changes to credit eligibility requirements including enhanced and extended existing credits. And new options for credit monetization that will impact the project finance and development landscape of the energy transition.
These new ESG rules and increasing stakeholder demands are creating greater urgency to focus on sustainability risks, potential opportunities, and disclosure requirements. Tax teams need to be ready to respond and potentially contribute to the policy environment, ensure that tax is integrated into business decision-making, and have the right skills and resources to react to business opportunities and challenges resulting from this ongoing transformation.
Strategy
Evaluate and prioritize impact of sustainability, climate, and equity trends and uncertainties that account for changing stakeholder expectations. Deloitte can help define an organization’s strategies to advance toward a more sustainable future.
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Strategy
- Climate and ESG assessments and analytics (impact/risk)
- Sustainability strategy and road map development
- Customer experience and green product strategy and innovation
- M&A advisory
- Workforce strategy
- Public policy strategy
Operations
Utilizing an organizational sustainability strategy, build and implement the capabilities, processes, innovations, and ecosystems required to mitigate and adapt to climate and social change.
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Operations
- Transition to clean and renewable energy
- Organizational change and HR management
- Sustainable operations and supply chain transformation
- Risk and resiliency management
- Tax structuring
Finance
Deloitte can help accelerate operations transformation by leveraging evolving capital market transition to increase sustainable investments and optimize cost and capital structure.
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Finance
- Carbon trading markets
- Restructuring
- Government grants and incentives
- Capital planning and management
- Treasury management
Report
Capture and communicate complete, transparent preparation of sustainability, climate, and equity performance data and metrics in accordance with recognized standards, providing assurance on ESG disclosures to enhance trust in reported information.
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Report
- ESG readiness and assurance
- Governance
- ESG integrated reporting and regulatory compliance
- ESG data management and controls
- Investor relations and communications
Sustainable transformation with Deloitte tax services
Deloitte leverages its global tax network to advise your company on the adoption of tax technology and sustainable operating practices and transformation to a net-zero business model. Our sustainability services team is well positioned to support you on your journey to net zero.
Tax can lead in driving value on your journey to net zero
To enable their organizations to make the most informed strategic decisions and be a true business partner in the age of the IRA and other sustainability and climate regulations, tax leaders need to scan the horizon effectively for potential tax changes that could arise from global, regional, country, state, and even municipal initiatives. Deloitte’s sustainability services support your transformation to a sustainable business model with technical and operational tax experience, industry breadth and depth, and a flexible, scalable team.
Deloitte has committed to achieving net-zero greenhouse gas emissions by 2030 for its own operations. To get there, we are embedding sustainability into policies and practices throughout the organization. We are empowering our people to make climate-friendly decisions and influence others to do the same. We are extending our impact to our clients by guiding them through the transformation to sustainable operations.
In September 2020, Deloitte Global launched WorldClimate—our strategy to drive responsible climate choices within our organization and beyond. As part of this initiative, Deloitte will align with the 1.5°C decarbonization pathway, as well as roll out a new climate learning program for all 330,000 of our people worldwide. WorldClimate is designed to inspire our people to learn about the impacts of climate change and empower them to confidently make responsible choices at home and at work, and in advising our clients.
Endnotes
1 US SIF Foundation Forum for Sustainable and Responsible Investment, Report on US sustainable and impact investing trends 2020, November 2020.
2 Deloitte, A year of connection, action and impact: 2021 Global Impact Report, 2021.
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