Deloitte has set a worldwide target to reach net-zero greenhouse gas emissions (GHGs) by 2040. In 2020 Deloitte set near-term science-based targets and in 2024 we added long-term targets. Deloitte’s net-zero by 2040 target is inclusive of our near- and long-term targets and has been validated by the Science Based Targets initiative (SBTi). Our net-zero by 2040 target is consistent with the Paris Agreement goal to limit global warming to 1.5°C.

Deloitte has committed to a 90% reduction in GHGs by 2040 from a 2019 base year across our business operations and value chain, and we will remove the remaining 10% of our emissions through the purchase of permanent carbon removals.

Targets

Near-term targets:

• Reduce absolute scope 1 and 2 GHG emissions 70% by 2030 from a 2019 base year.
• Reduce scope 3 GHG emissions from business travel 55% per FTE (full-time equivalent employee) by 2030 from a 2019 base year.
• Engage with our suppliers to have 67% by emissions set science-based targets by 2025.

Long-term targets:

• Reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2040 from a 2019 base year.

Deloitte’s sustainability approach

• Sustainability is a defining challenge for society. 
• Achieving net-zero by 2040 requires collaboration across Deloitte and our value chain.
• Through our WorldClimate ambition, Deloitte firms and people have been taking action on climate change within our organization and beyond.
• We have additional environmental sustainability goals to have 100% renewable energy by 2030 and 100% of our fleet converted to hybrid or electric vehicles by 2030.
• We are also focused on innovation and invest in solutions that can expand the market for low-emissions products and services, such as Sustainable Aviation Fuel (SAF). 

As a professional services firm, we work with our clients through the process to achieve sustainable operations and responsible climate choices.

In working with organisations, we take the following positions:

• We will actively work with new and emerging low emissions intensive industries and businesses to help them establish themselves in crafting a new system of production in Australia
• We will actively advise and work with high emissions intensive businesses to effectively manage their way through this major transition
• We will work with regulators and governments to ensure that best practice regulation and policy is in place to support Australia’s economic growth, jobs, and as a leader in decoupling the economy from emissions
• We will actively work with all sectors to help them understand the physical impacts of climate change and develop adaptation and response pathways, and
• We will actively work with other businesses, communities, and governments to ensure that our economy makes a responsible and equitable transition to a new future.

We will participate in the discussions on government policies and actions on climate change that are in the best interests of a sustainable and prosperous future. Policies aimed at strengthening economic growth can support low-emission pathways; and actions to stimulate investment in low-emission investments can strengthen economic growth and job creation.

As a global firm, we will draw on our vast experience with business, communities, governments and regulators, alongside our research and analytical expertise to contribute a balanced debate on climate change.