Deloitte Mission Statement | Vision | Values | (2024 Analysis)

Company: Deloitte Touche Tohmatsu Limited
Founder: William Welch Deloitte
Year founded: 1845
CEO: Punit Renjen
Headquarter: London, UK
Employees (2020): 334,800
Type: Private
Annual Revenue (FY20): US$ 47.6 Billion

Did you know?

Deloitte has sponsored several major sports events and activities including the 2012 Summer Olympics.

Deloitte is one of the Big Four firms in the industry along with PwC, Ernst & Young (EY), and KPMG. With annual revenue of $47.6 billion, Deloitte is the biggest accounting firm in the world ahead of PwC with $43 billion.

Even though the industry is highly dynamic, competitive, and tumultuous, Deloitte has been operating in the sector for over 150 years.

Deloitte’s success can be traced back to its Mission, Vision, Values, and Culture. Here is an in-depth analysis of Deloitte’s vision statement, core values, and corporate culture.

Table of Contents

Deloitte’s Mission Statement

Here is mission statement of Deloitte.

“Our mission is to help our clients and our people excel. We are one of the world’s leading business advisory organizations. Our size, strength and resources will help us carry out our mission now and in the future.”

Deloitte’s Vision Statement

“We aspire to be the Standard of Excellence, the first choice of the most sought-after clients and talent.”

Here is our analysis of the vision statement for Deloitte.

Deloitte’s vision statement outlines the critical achievements the company must realize to maintain its position as the top brand in the sector.

The vision statement of the company relates to the following elements:

Premier Firm of Choice

Through the statement, Deloitte echoes its desire to lead from the front and by example to protect and advance its leadership of the accounting sector. The company has made significant strides in meeting this vision, which includes the introduction of Omnia DNAV. Deloitte’s Omnia DNAV is a cloud-based solution that reduces the workload to allow for 100% coverage of clients’ audit of securities by combining digital technologies, automation, data science, and AI with auditor judgment.

In 2020, Deloitte Omnia DNAV was named “Audit Innovation of the Year.” This feature can revolutionize how investment valuations are performed and help Deloitte maintain its leadership of the sector.

Standard of excellence

Deloitte has been providing professional services for businesses for over a century. It sets the standard of excellence for other companies to follow. Deloitte is the leading other firms in the adoption of blockchain for auditing and other accounting services. It is helping its clients to leverage blockchain technology.

Deloitte has been recognized three times since 2015 by The Accountant and International Accounting Bulletin for delivering innovative technologies to the audit profession. It sets the standard for the industry.

Most sought after by big clients

Deloitte has a long and impressive list of clients including Boeing, Metlife, Morgan Stanley, Berkshire Hathaway, Microsoft, GM, Procter & Gamble, and many more.

In 2019, Deloitte had 37 new client engagements and led all audit firms. PwC and EY lost 7 clients each to Deloitte, while KPMG lost 1 client. The company poached the remaining 12 new clients from global and national audit firms.

Attract top talent

For over a century, Deloitte has relied on attracting top talent to execute its operations with precision and fend off the Big Four and other firms.

In 2020, Deloitte maintained its top-five overall position in the survey of undergraduate business students as the “World’s Most Attractive Employer.” It was also ranked 22^nd in the World’s Best Workplaces for 2020. Deloitte is the industry’s mark of excellence.

Deloitte’s Core Values

Deloitte’s core values describe the principles that guide the company’s operations and distinguish its culture from the rest.

Here are Deloitte’s four core values:

1. Integrity

Deloitte firmly believes that nothing is more important than its reputation, which is why operating with the highest levels of integrity is fundamental to the company. It is also committed to sustainable environmental practices. Deloitte launched the World Climate initiative to help the company achieve net-zero emissions by 2030.

In Australia, Deloitte is already working with clients to help them transition to a low-emissions economy. “As a professional services firm, we work with our clients through the process to achieve sustainable operations and responsible climate choices,” Deloitte said in a press release.

2. Outstanding value to markets and clients

Deloitte plays a critical role in enhancing the efficiency of capital markets and its clients. The company is vigilant and committed to its responsibilities and was ranked no.1 in 2020 for the ninth consecutive year in Security Consulting by market share.

It expanded its remote workforce in 2020 to guarantee the protection of clients’ networks and data. “Deloitte will continue to support clients on their digital transformation journeys, as cyber becomes both a necessity and an opportunity,” said Punit Renjen, Deloitte Global CEO.

3. Commitment to each other

The company hires from across the world and believes in nurturing and preserving its culture of borderless collegiality. In 2017, Deloitte launched the WorldClass Initiative to balance profit with the purpose to support disadvantaged communities and reduce social inequality.

The initiative seeks to provide job skills, improve educational outcomes, and prepare 50 million people for the future of work by 2030. It affirms Deloitte’s commitment to investing in people and lifelong learning.

4. Strength from cultural diversity

Nurturing multidimensional thinking among its employees is important for Deloitte because it works with people of different cultural backgrounds and thinking styles.

The company has invested heavily in training and programs to help employees grow into better professionals and leaders. In Fortune 100 Best Company to Work For, Deloitte was ranked 26^th in 2019 and 45^th in 2020. Its effort to promote cultural diversity is working.

Deloitte’s Corporate Culture

Deloitte has a multifaceted corporate culture based on trust, respect, fairness, and openness to ensure each employee is comfortable in the workplace and contribute to the company’s success.

Here are the four pillars of Deloitte’s corporate culture.

1. Have fun and celebrate

At Deloitte, all employees are encouraged to embrace the best of both worlds. They have fun at work and celebrate personal achievements and milestones.

To help its employees build lifelong connections, Deloitte is creating a workplace of the future that blurs the lines between work and personal life. It includes social spaces like cafés, bistros, and outdoor green spaces to allow employees to socialize and work in social settings.

2. Think globally

The company collaborates and helps to address issues beyond the boundaries of teams and local markets. In 2020, it offered nearly 60,000 pro bono hours to help communities affected by the crisis.

The company also provided 3D-printed medical supplies in Spain and launched an initiative to deliver 250,000 meals to Indians who were experiencing food scarcity during the lockdown.

3. Recruit and retain the best

Deloitte works with some of the brightest professionals in the industry and leverages its reputation and culture to attract and retain the best. In 2020, the company has 334,800 members spread across over 761 locations globally. It is one of the most sought-after employers in the world for many reasons.

4. Diversity

Deloitte recognizes the importance of diversity and is committed to ensuring every person is fully integrated. The company launched the Women’s Initiative Network (WIN) to help women integrate into the firm.

It also committed to addressing systemic racism, inequality, and injustice by working toward gender parity, advancing LGBT+ Allyship, and redoubling its efforts to embrace diversity in all its forms.

References & more information