Business
In this complex, dynamic environment, Deloitte continues to help clients chart a clear path forward and advance their business, while also advancing society. Volatility has become a constant and as the external market continues to flux, our clients’ needs are changing and we’re adapting nimbly, despite the emerging and accelerating challenges.
Our focus remains on the future. Envisioning better futures, then designing and implementing strategies to bring them to life - these are challenges Deloitte practitioners have been tackling for years. And in doing so, they draw on core Deloitte strengths including our ability to bring together talented teams to identify critical issues, forge connections, leverage technology, and create practical solutions to meet each client’s needs. Instilling trust and confidence underpins everything we do across all areas of our business.
Explore how we are making an impact for our clients in the stories linked below.
Sustainability and climate
No discussion on the future would be complete without an examination of the future of the planet we inhabit. We’re supporting clients to evaluate the impact of climate change trends and uncertainties on their organisation. Deloitte’s practitioners are helping clients define and create strategies to build and implement capabilities required to mitigate and adapt as we move towards a sustainable future. We also advocate for tax policy to accelerate the green transition, and support our clients devise strategies and deliver investments to decarbonise our economy across multiple sectors.
Regulatory risks and ESG reporting
The regulatory landscape is increasingly complex, and organisations must meet the demands, while showing agility as regulation evolves. Preparation, assurance and disclosure are key for transparency, as stakeholder scrutiny heightens. Deloitte’s Audit & Assurance practice supports clients provide their stakeholders with transparency, and reliable and meaningful performance disclosures that can be relied upon. Since 2015, there have been over 400 regulatory changes on ESG matters. Deloitte’s Risk Advisory practice is helping clients better manage sustainability value creation and risk exposure by embedding ESG considerations into their core operations. This includes trainings and workshops focused on the urgency of the climate crisis, and actions needed to drive responsible business leadership to not only comply with minimum reporting and targets but go beyond them.
Navigating digital disruption and embracing generative AI
As the pace of technology continues to accelerate, companies across industries and markets should carefully navigate the powerful pull of technological change. In guiding clients through these times of disruption, we draw on our strong ecosystem of alliances with many of the world’s leading technology providers. From cloud migration to digital transformation, and from AI-driven change to workforce reinvention, the combined power of our deep expertise and alliance relationships helps enable us to deliver solutions that add value at each stage of a company’s journey.
Creating and protecting value and trust
With the advent of new technologies comes heightened security risks, and the debate on trust and ethics continues to intensify. In today’s world, customers expect their data to be protected and secured. And as technology continues to advance, we’re supporting our clients instil trust and safety in their customers, reducing the impact of unseen events, and the frequency with which they hit. Financial crime, cyber security and internet regulation are just some of the areas our multidisciplinary teams are focused on as they help clients create a culture of vigilance and ethical responsibility through the strategies they adopt.
Our globally connected network and fresh perspectives support us to fuse ideas and actions to create a powerful impact for business, people and society. We connect world-class thinking with real-world knowhow to deliver a tangible difference for clients, in what matters the most.
Our leaders highlight some of the challenges and achievements our people and clients have worked on together - and priorities for the year ahead.
Cormac Hughes
Head of Consulting
“Client demand has been driven by four major themes over the last year – digitisation, sustainability, future of work and M&A integration. As the business and public sector environment becomes ever more complex, with accelerating levels of disruption, we are supporting our clients to successfully plan and deliver change.
Our clients include thriving indigenous businesses, international industry leaders and critical government and public service providers. Our teams make a lasting impact not only for these clients, but for their customers and broader society. At Deloitte we believe it is our culture that sets us apart. With our Ireland based team of 1,000+ professionals, working in conjunction with our international delivery capability, we pride ourselves in creating an inclusive and dynamic place to work and build a career. As always, we look forward to the challenges of the next years as we continue to build a market leading practice.”
Michael Hartwell
Head of Audit & Assurance
“It is no longer the case that statutory audit is a compliance exercise or a commodity service. The value placed on statutory audit in the increasingly complex environment is way higher than ever before. To evolve how we execute our audit, and support our people’s growth, we have accelerated investment in our tools, training, skill development and technologies.
We are seeing increasing demand for assurance work driven by sustainability reporting, assurance around complex accounting judgements and corporate transactions. We continue to develop our specialist skillsets in these areas with our multidisciplinary teams responding to our clients’ needs.
This changing environment means our focus on evolving and strengthening the skills that are learned and developed in our practice will remain a priority. The variety of the experience that is available to our professionals continues to grow. It is critical to our long-term success that we continue to attract the very best professionals who are attracted to working in a dynamic environment that provides real opportunity to develop high value skills. These skills, alongside integrity, trust and transparency, are the foundations of the value we bring to well-functioning capital markets.”
David Kinsella
Head of Risk Advisory
“Our Risk Advisory business helps clients navigate the increasingly complex landscape as they look to build resilience and trust, while keeping pace with the digital landscape and changing regulation.
Our work in sustainability and digital trust were the standout areas of need with the Digital Markets Act, Digital Services Act and Corporate Sustainability Reporting Directive just some of the areas that have come into increasing focus.
Our specialist advisors provide management teams and Board/Audit committees a firm foundation for their control environments. We are also supporting clients across industries to strengthen their risk functions, build trust and drive efficiencies. As the focus on risk functions continues, our dedicated teams will continue to make an impact for our clients, and in turn, their customers, having a lasting impact for future generations.”
Anya Cummins
Head of Financial Advisory
“The last year has demonstrated how quickly market conditions can change. Despite the volatility, M&A activity has remained resilient, albeit rising interest rates and inflation are impacting on deal structures and valuations; and we are also seeing other economic headwinds which are creating opportunities both for our teams and our clients.
In Financial Advisory, our role is to help our clients navigate through complex strategic events including large transactions, capital projects, investigations and disputes, significant investments, disposals and carve outs and turnarounds and restructurings; to name but a few.
Our multidisciplinary model is at the core of our approach to business and to growth; working closely with our colleagues both across the Irish firm and internationally to bring the best of Deloitte to our clients when they are making business decisions that are fundamental to the success and growth of their businesses. We are proud to be the leading M&A advisor in the Irish and Northern Irish markets and to have supported our clients on some of the most important transactions in the market this year, and for the impact we continue to make with Irish businesses.”
Daryl Hanberry
Head of Tax & Legal
“Our Tax and Legal business continued to support local and international businesses by advocating for better policies to support the growth of the economy through an effective and efficient tax system. In the last year we have helped the Government navigate complex change under the new OECD framework, highlighted the need for reform in the SME tax system, continued to advocate for better incentives to support entrepreneurs grow and scale their business, and supported clients in navigating difficult employment tax issues.
Our 550+ experts, bring together diverse skills, disciplines and experience to make an impact that matters for our clients, and for the communities in which we operate. I’m particularly proud of the range of charitable and pro-bono work we do across a range of areas. This year, as an example, we celebrated 20 years of working to support the next generation of leaders, through our involvement with the Irish Centre for Talented Youth (CTYI) at Dublin City University. As I look towards the future, I know our team will continue to put communities first in everything we do.”
