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Deloitte reports record FY2023 revenue

Key highlights:

  • Reports record FY2023 revenue of US$64.9 billion, a 14.9% increase in local currency
  • Workforce expanded to approximately 457,000 globally

New York, NY, 7 September 2023—Deloitte today reported aggregate global revenue of US$64.9 billion for the fiscal year ending 31 May 2023 (FY2023), a 14.9% increase in local currency (and 9.3% increase in USD) from FY2022.

“In an environment of increasing complexity and an accelerated pace of technology-driven change around the globe, Deloitte’s unrivalled breadth of expertise within our multidisciplinary model continues to differentiate us in the marketplace,” says Joe Ucuzoglu, Deloitte Global CEO. “This is an environment that places increasing value on diversity of thought and interdisciplinary solutions, playing directly to our strengths. Amidst transformative advances in technology and a dynamic economic and geopolitical landscape, our people take great pride in upholding the public’s trust and helping clients and communities successfully navigate many of the most complex challenges of our time.”

Delivering impact, embedding purpose in all that we do

Deloitte’s business success is underpinned by our commitment to embedding our purpose—to make an impact that matters—in everything we do. We also draw strength from our multidisciplinary model, which brings together the breadth and depth of experience and capabilities across our global organisation to address both the near- and long-term forces reshaping business and society. This integrated approach enables us to bring our purpose to life and deliver significant impact for our stakeholders.

Navigating digital disruption and embracing generative AI: As the pace of digital transformation 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. During the past year, Deloitte also established emerging alliances with a number of innovative tech newcomers. From cloud migration to digital transformation, and from AI-driven change to workforce reinvention, the combined power of our alliance relationships helps enable us to deliver solutions that add value at each stage of a company’s journey.

Deloitte is actively incorporating generative AI into our own platforms to optimise the way we deliver services, and helping our clients take full advantage of this transformative technology. As one example of our leadership in this area, we recently announced an expansion of our strategic alliance with NVIDIA to use AI technology and expertise to build high-performing generative AI solutions for enterprise software platforms to help unlock significant business value. As we work in this complicated, quickly changing landscape, we are guided by our Ethical Technology Principles, which reflect our commitment to ensuring Deloitte’s creation and use of technology are trustworthy.

Embedding continuous advantage: Widespread digitisation and ever-changing disruptive technologies—along with evolving regulatory and risk requirements, talent shortages, and the need for increasingly specialised skill sets—also create challenges when it comes to how companies run their operations. Over the past year, we continued to expand our Operate services as an integral piece of our strategy to integrate it with our Advise and Implement services, helping organisations transform and advance critical business functions to increase operational efficiency, add value, and embed continuous advantage into their operations to drive better business outcomes. Our Operate delivery network includes leading professionals, leveraging Deloitte’s proprietary digital platforms, working from nearly 60 centres around the world and supporting delivery in approximately 15 languages.

With the right mix of globally available and scalable, hard-to-source domain and industry talent, technology, and transformation experience, Deloitte has helped companies tackle some of their toughest challenges in mission-critical areas of business, such as cybersecurity, tax, and risk. For instance, Operate teams have helped clients respond to ransomware attacks and provide 24/7 cybersecurity monitoring, deliver ongoing efficiencies to streamline regulatory filings using AI-enabled platforms, and continually monitor multi-tier global supplier networks for potential disruptions while driving strategies to proactively mitigate them.

Powering meaningful, measurable climate action: Tackling climate change requires sophisticated solutions. Over the past year, Deloitte’s Global Sustainability & Climate practise has worked with clients spanning industries and geographies to turn their climate commitments into climate action. Teams from across our businesses helped drive meaningful advances in clients’ climate transformations—from embedding sustainability into their strategies and operations to measuring and reporting on their progress.

For example, we have guided clients in developing actionable paths to net-zero through Deloitte’s GreenLight Solution decarbonisation tool and helped them accelerate decarbonisation and value creation by bringing together climate technology ecosystems in a systematic, purposeful way through GreenSpace Tech, both launched in 2023. As global business leaders reevaluate their approach to value creation to consider sustainability and a broader set of stakeholders, we also introduced Deloitte’s Sustainable Value Map™, designed to help expand collective thinking about how an organisation’s value can be defined and improved in a sustainable world.

Stakeholders are increasingly calling on companies to report transparently on a broad set of financial and non-financial key value drivers. Deloitte is a visible leader in this area, reporting our performance against the World Economic Forum (WEF) stakeholder capitalism metrics (SCM) and aligning with the Global Reporting Initiative. We earned an A- rating from CDP for our FY22 response to its climate change questionnaire. In addition, Deloitte is continuing to make disclosures in line with the recommendations of the Task Force on Climate-Related Financial Disclosures. Together with the coalition of companies supporting the WEF SCM initiative, we have continued to advocate for a comprehensive global baseline for sustainability reporting based on the International Sustainability Standards Board’s (ISSB’s) standards. We also collaborate with the Sustainable Markets Initiative (SMI) on its mission to build a coordinated global effort within the private sector to accelerate the transition to a sustainable future.

Powering business growth

Among Deloitte’s businesses, Consulting revenue grew fastest at 19.1% in local currency, followed by Risk Advisory, which grew 17.5%. Among the regions, the Americas grew the fastest at 17.5%, followed by EMEA at 12.6%.

Consistent with the critical importance to society of the work we do across our practises, we strive to execute with the highest ethics and integrity and set the standard for quality in everything we do.

Audit & Assurance continued its commitment to delivering high-quality audits with integrity and professionalism and upholding Deloitte's vital role in the effective functioning of the capital markets. Our practitioners have supported organisations in navigating the changing landscape of stakeholder needs for more holistic reporting on their business model resilience and broader societal objectives. We delivered a broad range of environmental, social, and governance (ESG) services, including materiality and gap readiness assessment, disclosure preparation, and assurance. We have been recognised for our leading-edge technology and innovative culture, with Deloitte Omnia's ESG capabilities receiving recognition as a data-fuelled solution that helps us transform ESG information into insights for clients and deliver with greater quality, effectiveness, efficiency, and perspective.

Audit & Assurance revenue grew 13.8% in local currency.

Consulting made bold investments in digital capabilities over the past year, enabling our practitioners to help clients address the challenges and opportunities raised by disruptive technologies such as generative AI, 5G, quantum computing, and the metaverse. We launched Unlimited Reality to guide clients into the era of spatial computing, creating their own metaverse solutions to simulate the future of business, as well as a Generative AI practise to help them to exponentially enhance productivity and accelerate the pace of business innovation. Additionally, Deloitte has been ranked the number one consulting service provider worldwide by revenue, for the sixth consecutive year, in the Gartner Market Share report.

Consulting revenue grew 19.1% in local currency.

Financial Advisory practitioners served as trusted advisors to clients, creating and preserving value in a complex and constantly changing environment. Our Mergers and Acquisitions practise continued to grow despite market volatility, and our Turnaround and Restructuring specialists helped companies navigate banking industry turbulence. Our Forensic practise pioneered digital and AI solutions with public and private sector organisations, addressing financial crime and navigating fraud, waste, and abuse. We have advised clients on strategies to drive sustainability and climate solutions, model net-zero transformations, and strengthen stakeholder trust.

Financial Advisory revenue grew 4.7% in local currency.

Risk Advisory continued to drive transformative change for clients, focused on solutions to address the ever-evolving global risk and regulatory landscape. Our Cyber business employs leading-edge technology to help clients protect against, and respond to, an array of cyber risks, while also building business strategies that embed cyber and enable businesses to stay ahead of those risks. With our latest Cyber offerings—Managed Extended Detection and Response and Digital Identity—we bring together experienced practitioners, processes, and market-leading technology to embed 24/7 vigilance globally for clients. Our Sustainability & Climate offering gives practitioners access to leading-edge technology and smart business solutions while helping enable organisations to succeed in a low-carbon, climate-resilient world.

Risk Advisory revenue grew 17.5% in local currency.

Tax continued to support clients with their increasingly complex tax compliance obligations, while helping them to understand and navigate the impact of the rapidly shifting regulatory, geopolitical, and economic landscape. Among these complex shifts, the Organisation for Economic Co-operation and Development’s (OECD) proposed Pillar Two rules to address the digital economy and the digitalisation of tax authorities are driving demand for a range of advisory, compliance, and technology consulting services from multinationals. Our practitioners also supported clients with the transformation of tax operating models, including the need for data quality and access, and helped them anticipate the jurisdictional tax implications of M&A activity, supply chain reconfigurations, and other important business change events.

Legal helped clients navigate the pace of regulatory change, which has resulted in more complex legal issues, along with the pronounced impact of digitisation on legal solutions across their organisations. Deloitte’s Legal practise also continued to work with clients on workforce policies to accommodate the now permanent reality of remote and hybrid working and to navigate employment laws that could affect employees’ rights and well-being.

Tax & Legal revenue grew 9.1% in local currency.

Grounded in our values, supporting our people

From equity in education and health, to inclusion at work, to meeting urgent needs related to humanitarian crises, we actively engage in addressing and creating solutions to the most pressing challenges facing society. These challenges are deeply human, impact billions of people, and require long-term, transformative system solutions. They cannot be solved by any single individual or organisation. Deloitte’s approach is to help lead the way and inspire powerful collaborations that enable our people to work with clients and communities on shared solutions.

Strengthening society

Over the past year, we have invested our know-how and resources, including our people’s time through pro bono work and volunteering, to tackle systemic problems in communities around the world. To further scale and accelerate these efforts, Deloitte also made a worldwide commitment to invest more than $3 billion over the next 10 years in societal impact.

  • WorldClimate: Our environmental sustainability ambition, WorldClimate, consists of a two-pronged approach: actions we take and actions we inspire. Recognising that collective action is required to effectively tackle the climate crisis, and building on our sustainability and climate practise to serve clients, Deloitte has committed to science-based 2030 greenhouse gas reduction targets and to setting long-term targets as part of our journey to net-zero. We are also extending our impact beyond ourselves by empowering our people, influencing our suppliers, and engaging across the broader ecosystem. We are embedding sustainability into policies and practises throughout our organisation and measuring performance against our goals. For instance, we are actively working with our supply chain on setting science-based greenhouse gas reduction targets.
  • WorldClass: Our WorldClass ambition is to impact 100 million futures by 2030 through programs and collaborations with leading education and skills building organisations, working with clients, governments, innovators, schools, universities, and nonprofit organisations around the world. We invest our people’s time, provide volunteers, and donate funds to support millions of students, teachers, and education leaders worldwide. We are scaling solutions that have helped to propel more than 57 million individuals forward since 2017. For examples of Deloitte’s impact, our original documentary series features four young adults from different continents sharing their stories and aspirations for the future.
  • Helping those impacted by conflict and humanitarian crises: During the past year, we were reminded of the collective impact we can make when our people around the world come together in common cause, providing help to our colleagues and those impacted by humanitarian crises. As the war in Ukraine continues, Deloitte and our people have demonstrated unwavering solidarity and support for Ukrainians, including providing financial donations, pro bono services, and volunteer work. In response to the earthquake in Turkey and Syria, funding from Deloitte, along with other donors, has helped address critical immediate needs for first aid, shelter, food, and financial assistance.
  • Deloitte Health Equity Institutes (DHEIs): During the past year, we launched DHEIs in Europe and Spanish Latin America to complement our established DHEIs in Africa, India, and the US. Each of the DHEIs advances an array of cross-sector collaborations, philanthropic investments, and research activities. In addition, Deloitte is honored to be a signatory of the Zero Health Gaps Pledge, the first global, multi-sector, CEO-level pledge to help advance health equity, which was launched by the Global Health Equity Network at the 2023 World Economic Forum Annual Meeting in Davos.

Supporting our people

Deloitte is also focused on supporting and developing our 457,000 people around the world, including continuing to provide career opportunities, resources, and an inclusive culture to help our people thrive.

  • Learning & Development (L&D): With market realities and client needs changing rapidly, driven largely by advances in AI and other technologies, L&D is key. We continue to evolve our approach, with a focus on promoting agility, strengthening capabilities around critical challenges facing clients and our global society, and delivering tech-focused upskilling and reskilling that rides the wave of innovation sweeping across so many aspects of life. This includes skills training around AI, cloud, cyber, and ESG, as well as “hiring to train” programs in which future Deloitte professionals earn the credentials and on-the-job experiences they need to succeed in future roles. We have continued to expand our investment in the global footprint of our Deloitte University Leadership Centres around the world. Since opening the Westlake, Texas location in 2011, we’ve launched five additional facilities around the world: Brussels, Hyderabad, Mexico City, Singapore, and Toronto and have new sites under construction in Beijing and Paris. In 2023 we also broke ground on a significant expansion of the original facility in Texas.
  • Diversity, equity, and inclusion (DEI): Through our global DEI strategy, we seek to provide a workplace culture founded on respect and characterised by inclusive behaviors and an appreciation for all forms of diversity. Our global strategy is built around core pillars, which were recently expanded to include disability inclusion and neurodiversity. Aligned to these pillars, this year we became a proud signatory of the International Labour Organisation’s Global Business and Disability Network Charter.
  • Mental health and well-being: We believe that supporting mental health and well-being is critical to attracting and retaining the best people and helping them be their authentic and productive selves today and into the future. In January 2021 we introduced a mental health baseline that sets clear expectations around mental health at Deloitte in every country in which we operate. As of March 2023, all Deloitte member firms had successfully met the baseline. We are proud to be a Founding Partner of the Global Business Collaboration for Better Workplace Mental Health, a global business-led initiative designed to advocate for and accelerate positive change for mental health in the workplace.

Note: Deloitte’s 2023 Global Impact Report will be released later this year.

New York, NY, 8 September 2022—Deloitte today reported aggregate global revenue of US$59.3 billion for the fiscal year ending 31 May 2022 (FY2022), a 19.6% increase in local currency from FY2021. In seven years, Deloitte revenue has grown US$24 billion, or 69%, in USD terms.

“Over the past several years, we have steered a remarkable course to become the leading professional services organisation in the world. The power of our multi-disciplinary and private partnership model along with our global strategy drives our performance, allowing Deloitte to serve clients with distinction, take care of our people, give back to our communities and uphold the public’s trust,” says Punit Renjen, Deloitte Global CEO Emeritus. “These principles have also helped us successfully navigate another tumultuous year of further unexpected shocks—from geopolitical conflicts to an ongoing pandemic to extreme environmental events and the highest inflation in a generation. By staying true to our purpose to make an impact that matters, our people have demonstrated their resilience by flexing and adapting to meet the challenges of the past year, all the while focussing on building better futures—for our people, clients and communities.”

Guiding clients’ journeys of transformation

At a time when uncertainty has become the new normal and change is happening at warp speed, Deloitte has proven it has the agility and capabilities to rise to the most unexpected challenges, while helping clients do the same.

In April, we announced a first-of-its-kind “partnership with purpose” with the International Olympic Committee (IOC). Through this partnership, Deloitte will provide a global team with wide-ranging management and business consulting capabilities to support the IOC with its digital transformation strategy, advance the IOC’s Olympic Agenda 2020+5 goal and drive initiatives related to sustainability, diversity, equity and inclusion, and athlete career transition and well-being.

As Deloitte continues to take measurable, decisive actions on climate change throughout our operations and business, we are also assembling one of the largest global networks of sustainability capability through Deloitte's Sustainability & Climate practice, to help clients accelerate their journeys to a more sustainable future.

We have sustained our relentless focus on quality. We have transformed our Audit & Assurance practice through use of new technologies, training and process improvement. As a result, Deloitte continues to be an industry leader in audit quality.

Through the power of our global organisation, delivery centers and strong collaboration between Consulting, Advisory and Tax, we have increased our global alliance and ecosystems sales by 23% from the previous year, contributing to ~27% of Deloitte's FY2022 aggregate sales. We have strengthened our relationships with 15 alliances globally by co-creating innovative assets, going big on social venture initiatives (e.g., Sustainability and Climate, Diversity and Inclusion) and executing ecosystem strategies that drive short and long-term benefits to clients.

Among the businesses, Consulting revenue grew fastest at 24.4% in USD, followed by Financial Advisory, which grew 22.1%. Technology, Media & Telecommunications (TMT) was the fastest growing industry, followed by Financial Services. Among the regions, the Americas grew the fastest at 22.1%, followed by Asia Pacific (APAC) at 17.1%.

  • Audit & Assurance (A&A) continued its commitment to quality, integrity and independence in upholding Deloitte’s vital role in the financial reporting ecosystem. Ongoing investments in the development of our A&A practitioners, solutions and technologies enabled Deloitte to redefine what’s possible in corporate reporting, audit and assurance. This includes a critical focus on climate and sustainability and ESG reporting to further help clients provide transparent, reliable and meaningful performance disclosures that respond to evolving market demands and stakeholder needs. Audit & Assurance revenue grew 8.7% in USD.
  • Consulting helped clients build organisational resilience, pivot business models and shape better futures using its scale, depth of experience and breadth of offerings to deliver a full suite of Advise, Implement and Operate services. We continued to invest in and accelerate, digital transformation and help clients address sustainability and climate initiatives by scaling our practices in software engineering, artificial intelligence and cloud and edge computing. Our practitioners continued to deliver solutions built with alliances and ecosystems and evolve cloud-based industry solutions like ConvergeTM. We made targeted acquisitions to enhance our services in areas such as product engineering and digital content production. Consulting revenue grew 24.4% in USD.
  • Financial Advisory supported clients on more than 10,000 transactions this year, covering the M&A lifecycle, debt and capital strategies and Turnaround & Restructuring programs. Our Forensic practice collaborated with public, private and third-party organisations around the world to identify vulnerabilities to global financial crime and design solutions for information sharing, legislative reform and asset recovery. Our practitioners advised clients on strategies to drive sustainability and climate opportunities, model net-zero transformations and strengthen stakeholder trust. Our Infrastructure practice shaped the future of mobility by improving transportation options for more than one billion people. Financial Advisory revenue grew 22.1% in USD.
  • Risk Advisory developed sophisticated solutions to support organisations’ evolving risk and regulatory needs. An example is RegHub, which enhances how companies structure, source and manage compliance using digital cloud platforms to track and address regulatory change. In addition, Deloitte Cyber practitioners used leading-edge technology to help clients protect against and respond to, an array of cyber risks. Practitioners in Deloitte Cyber Operate teams also assisted global companies with digital identity and threat detection and response. Risk Advisory revenue grew 19.5% in USD.
  • Tax guided clients through the shifting tax and economic landscape, helping them navigate the global push for tax transparency, the digitisation of tax authorities and other complex challenges arising from global tax reforms. With advanced tools that automate processes, speed response times and improve accuracy, Deloitte worked together with clients to anticipate and address these issues, including major implications for data quality and access. At the same time, the acceleration of new business models drove demand for solutions to transform the way clients operate tax functions through outsourcing, in-sourcing and co-sourcing routine compliance and reporting activities.
  • Similarly, Legal helped clients transform with tech-based solutions for managing contract lifecycles, collaborating with advisors in real-time and automating routine tasks, which improve the accuracy and speed of processes while producing cost efficiencies. Where permissible under local laws and regulations, Deloitte Legal practices also worked with clients to help them manage their intellectual property, navigate compliance with ESG regulations, navigate transactions and streamline contracts and design and roll out policies to address the changing work environment and resolve disputes. Tax & Legal revenue grew by 11.5% in USD.

Supporting our people and society

Our growth is powered by empowering our people to lead with purpose and enable them to develop their careers and thrive in an equitable and inclusive environment. To enable this, our member firms around the world have enhanced total rewards and added benefits. They have implemented new ways of working focussed on flexibility to improve our people’s well-being. Our culture, underpinned by Deloitte’s Shared Values, encourages our people to take care of each other and connect to make a positive impact for our clients, our planet and the communities in which we live.

Through our WorldImpact initiatives, we are focussed on making a tangible impact on society’s biggest challenges and creating a more sustainable and equitable world. In FY2022, our societal impact investment was US$284 million, bringing our seven-year investment total to US$1.7 billion.

Aiding Ukraine: Our commitment to our people also means supporting them when the unthinkable happens. When Russia invaded Ukraine, Deloitte responded swiftly to assist our people in Ukraine and move their families to safety. Our member firms and people around the world demonstrated incredible solidarity to support humanitarian response efforts, raising more than US$7 million in financial donations and providing in-kind, volunteer and pro bono support to organisations across the region. We also joined the Tent Partnership for Refugees, committing to support people forced to flee their homes in Ukraine, including supporting  Ukrainian refugee women across Europe. Deloitte is committed to supporting education, skills building and employment opportunities for refugees and displaced persons around the world.

WorldClimate: Climate change is the defining global challenge of our time. Through our WorldClimate strategy, we are making responsible climate choices within our organisation and beyond. We launched a climate learning program last year, resulting in more than 300,000 professionals completing the learning and 95% of professionals committing to reducing their climate impact. Recognising that we must work with others to create the needed change, last year we joined the Glasgow Financial Alliance for Net Zero (GFANZ) and the World Economic Forum’s First Movers Coalition.

WorldClass: We have accelerated progress towards our WorldClass ambition to reach 100 million individuals by 2030. Through our WorldClass Education Challenge , we selected 12 innovators dedicated to addressing education challenges in their communities across Africa and Asia. We are applying our business skills to help scale their solutions to enable more of the world’s students to have access to the highest quality education.

  • In Nigeria, Job Oyebisi co-founded StanLab, a 3D virtual laboratory app where teachers set up virtual labs for students to learn, practice and master STEM subjects. Deloitte Africa is supporting the expansion of their virtual 3D science laboratory platform to 10 new countries across Africa by 2023.
  • In India, Utsav Kheria works directly with parents and educators to transform childhood education. Through Rocket Learning's tech-savvy program, they have reached one million children aged three to eight by sharing daily learning activities with parents via messaging applications. Deloitte India is helping Utsav scale his work even further, allowing him to reach more children and expanding the ages he serves, too.

In FY2022, Deloitte reached 13.6 million individuals through more than 1,150 WorldClass programs and initiatives around the world. Since 2017, we have reached 34 million individuals.

Diversity, equity and inclusion (DEI): Our global DEI strategy—ALL IN—emphasises a workplace culture founded on respect and characterised by inclusive behaviours and an appreciation for diversity in all forms. ALL IN is focussed not only on helping all our people live our values and thrive in a culture that is always respectful and inclusive, but also on designing and implementing specific interventions that can make a positive impact when it comes to our DEI aspirational goals.

Throughout the year, Deloitte has developed a range of internal resources—from inclusive leadership training and conversation guides to practical tips, programs, learning resources and guidance on DEI-related topics, including race, LGBT+ inclusion, gender balance, mental health, neurodiversity and disability.

Learning and development: Deloitte continued to provide virtual learning as part of a hybrid approach to professional development and to complement in-person training programs.

As our offices around the world reopened, learning teams worked to balance in-person classroom activities and virtual learning delivery. Deloitte University (DU) is our cultural home, providing in-person moments that matter—augmented by online learning programs. As the pandemic recedes, DU will be an even more important place for our people and leaders to meet safely in a renewed context of inclusion and physical and mental well-being. Time spent together in person at DU is focussed on capability building, coaching, mentoring and making connections.

We are also leveraging our virtual learning platform, which uses artificial intelligence to provide customised, online learning options covering more than 400,000 learning assets from internal and external sources. The platform personalises learning based on the learner’s needs and interests and democratises the process by giving our people both a voice and a choice in their learning while enabling collaboration and individual contribution. By the end of FY2022, more than 360,000 of our people had accessed the platform.

Measuring and reporting our ESG progress: We continue to make progress towards our science-based targets, with renewable energy increasing to 91% compared to our base year of FY2019 when it only made-up 12% of energy. We continue to communicate to our suppliers the importance we place on addressing climate and now have more than 240 suppliers who have set science-based targets, up from 130 suppliers last year. This year we were honored to be named as a Supplier Engagement Leader by CDP, a leading global nonprofit that promotes corporate environmental reporting. This recognition for effectively engaging our suppliers on climate change is awarded to only the top 8% of organisations who made disclosures to CDP on climate matters. Deloitte is committed to transparency when reporting our emissions. This includes a public CDP disclosure, a global report following the recommendations of the Task Force on Climate Related Financial Disclosures and our Global Impact Report, which follows the standards of the Global Reporting Initiative and includes disclosure of the Stakeholder Capitalism Metrics.

“This is a decisive decade. The role public policy makers, NGOs and particularly, business leaders need to play is changing. As the world evolves, the challenges we face are becoming as complex as they are unpredictable,” adds Renjen. “By working together to develop and scale solutions for addressing climate change, advancing equity and returning to economic growth, among other issues, we can lead the way in building better futures for more of the world’s people.”

To learn more about Deloitte’s societal impact and FY2022 performance, please read our 2022 Global Impact Report.