Deloitte

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.

• · berkeley_voluntary_registry
• · CarbonPlan OffsetsDB
• · gold_standard
• · RE100

At 31 May 2022, 100% of Deloitte LLP's total energy consumption was zero-emissions, with 88% sourced directly from certified renewable sources and the remainder covered by purchasing Energy Attribute Certificates (EACs) and carbon credits. The Group has set a science-based target to source 100% renewable energy for its buildings by 2030. Since 2019, energy consumption has been reduced by 40%. The WorldClimate plan, launched in 2021, underpins this commitment to responsible energy sourcing.

No narrative on durable removals approach in the firm's most recent reports.

• Fleet electrification: 100% hybrid and electric vehicles by 2030

  As part of its SBTi-aligned WorldClimate plan, Deloitte LLP has committed to converting 100% of its fleet to hybrid and electric vehicles by 2030. This supports reduction of Scope 1 mobile combustion emissions from company-owned and leased vehicles, which appear on the balance sheet as right-of-use motor vehicle assets.

• Office energy management: 40% energy reduction since 2019 baseline

  Since tracking commenced in 2019, the Group has reduced energy consumption by 40% and carbon emissions by 33%, driven by office rationalisation, remote working, and energy efficiency measures. In FY2022, with employees returning to offices, energy consumption rose 6% versus the prior year. The Group targets 100% of total energy from zero-emission sources, achieved at 31 May 2022 through a combination of direct certified renewables (88%) and EACs/carbon credits.

• Business travel emissions reduction target: 50% per FTE by 2030 from 2019 baseline

  Deloitte LLP has committed to reducing business travel emissions by 50% per Full Time Equivalent by 2030 from 2019 levels, as part of its SBTi-aligned WorldClimate commitments. Following the return of employees to offices and resumption of business travel in FY2022, carbon emissions rose 65% compared to the prior year, highlighting the materiality of travel to the firm's footprint. The target is framed on an intensity basis (per FTE) to account for business growth.

• Energy efficiency improvements in office portfolio

  Energy efficiency improved an additional 18% per m2 compared to prior year, partly due to COVID-19 but also through the Better Buildings process which drives energy reduction by right-sizing legacy office space, delivering sustainable fit-outs, and identifying operational efficiencies. Right-of-use asset impairments reflect decisions to exit buildings, further reducing the portfolio footprint.

• Business travel reduction via video-conferencing and hybrid working

  Increased video-conferencing capabilities facilitate client work while reducing the need to travel. The COVID-19 lockdown meant minimal travel was undertaken during the fiscal year, and the evolving hybrid operating model combining office, client-site and home-working is anticipated to maintain improved energy and carbon efficiency compared to the baseline in the future.

• Fleet electrification and reduced vehicle emissions

  The energy consumption of the Deloitte LLP vehicle fleet decreased by 82% per FTE compared to prior year. The company car scheme is shifting towards hybrid and electric vehicles. From 1 June 2020, EACs are purchased for the owned Electric/Plug-In Hybrid Fleet to facilitate zero-emission reporting for that segment.

• Supplier science-based targets: 67% of suppliers by emissions to set SBTs by 2025

  Deloitte LLP has set a supply-chain target requiring 67% of suppliers (by emissions) to have set science-based targets by 2025. This is a dependent lever targeting the firm's purchased goods and services (Scope 3 Category 1) footprint, aligning the supply chain with the Paris Agreement ambitions.

• Science-Based Targets and WorldClimate supply chain / client engagement

  Deloitte LLP launched WorldClimate, a plan to achieve net zero by 2030, setting ambitious goals to drive responsible climate choices within the organisation and beyond, including with alliance partners, suppliers, and other stakeholders. Deloitte has committed to the SBTi framework to set GHG reduction targets aligned with the Paris Agreement 1.5°C ambition, and joined the UN Race to Zero campaign.