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Deloitte injects over $165m for helping communities

January 14, 2013
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Omar Fahoum, Chairman and Chief Executive, Deloitte Middle East
Omar Fahoum, Chairman and Chief Executive, Deloitte Middle East
In 2012, Deloitte’s global aggregate community investments were $165.1 million. Of which, $74.1 million were in the form of donations and $81.8 million in volunteer and pro bono work. In addition, in order to manage community investment programs, member firm foundation costs were valued at $9.2 million in FY 2012.

“Our performance is not just about numbers. Rather, it is about the stories behind those numbers – the strength of our client relationships, depth of our commitment to quality and innovation and the breadth of our service and industry capabilities – that fuel our performance,” Omar Fahoum, chairman and chief executive of Deloitte Middle East, said.

“As such, the 2012 Global Report sheds light on our commitment to our clients, our people and our communities in both the Middle East and worldwide.”

The 2012 Global Report covers key milestones in the past year, such as the launching of Deloitte Digital, a global service line launched in May 2012, conceptualized to drive disruption across industries using digital. In addition, the report sheds light on the importance of strategic markets, whereby Deloitte recognized and continues to invest in high-growth opportunities, in 11 markets, including the Middle East.

Deloitte in the Middle East’s commitment to impacting the societies in which it lives and works was also reported on. Specifically, the firm’s delivery of an employability mandate in Saudi Arabia, through the formation of Job Placement Centers, attracting career seekers and helping them find employment opportunities. In addition, as part of its determination to address high regional youth unemployment rates, Deloitte Middle East’s ‘Be Entrepreneurial’ regional achievements to date, were highlighted.

A total of 993,593 hours of volunteer and pro bono work hours were logged by Deloitte professionals globally. Of which, 197,876 hours were comprised of pro bono work, 377,486 hours of skills-based volunteering and 308,231 hours of traditional volunteering.

Deloitte announced aggregate member firm revenues of $31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

Deloitte continued to focus on hiring, developing, and retaining top talent as a key driver of the expansion of business activity. In FY2012, the Network hired 51,400 professionals; its total workforce now exceeds 193,000 professionals worldwide and the organization is well on its way to achieving its growth goal of 250,000 professionals by FY2015. In the Middle East, alongside the admission of 40 partners, principals and directors, Deloitte also hired 400 Arab and international professionals, as part of its strategy for growth in the region.

The Global Report showcases leading edge design and technologies that demonstrate a distinctive approach to engaging the external marketplace and our stakeholders. It includes a new responsive design, filled with info graphics, polls and video content.

Tags: Deloitte
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