HomeCSRDeloitte Announces $1.5 Billion 10-Year Social Impact Commitment

Deloitte Announces $1.5 Billion 10-Year Social Impact Commitment

A global consulting firm, Deloitte has announced a 10-year social impact commitment aimed at fostering a more equitable society, including investments of $1.5 billion.

It said it will focus on the key areas of education and workforce development, financial inclusion, and health equity.

The company said that through the new commitment, it will work with leaders, organisations, and communities to help build pathways for social mobility and economic prosperity, supporting community-driven change by bringing together key decision-makers and facilitating private and public sector collaboration.

Investments under the new commitment will span actions including venture philanthropy for social entrepreneurs, skills-based hiring and apprenticeships, and employee fellowship programs to supplement existing capabilities, among others.

Deloitte unveiled a list of organisations to kick off investments for each focused area, including OneTen to address education and workforce development, the Black Economic Alliance Foundation to promote financial inclusion, and Health Equity Catalyze Cohort to advance health equity. One Ten is a coalition of employers committed to helping hire, promote, and advance 1 million Black Americans without a four-year college degree into family-sustaining careers by 2030; the Black Economic Alliance Foundation works to build economic prosperity and generational wealth for the Black community by harnessing the collective expertise and influence of Black business leaders; Catalyze Cohorts is an investment mechanism of venture philanthropy organization, New Profit, that supports organizations addressing systemic inequities.

Alicia Rose, Deputy CEO at Deloitte said, “Deloitte is proud to work with innovative and forward-thinking organizations to make a sustained impact together. At Deloitte, we strive to embed purpose in everything we do, and this is the latest step in our deep and abiding commitment to enact lasting social change.”

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