Leadership for a Better World

In a year defined by rapid technological advancement, evolving stakeholder expectations, and continued geopolitical and environmental challenges, we remained focused on our purpose: Leadership for a Better World. We continue to hold the unwavering conviction that long-term success depends on business and society thriving together. Our values serve as the foundation, guiding our behavior and enabling us to unlock the potential of the Firm, our colleagues, and ourselves. 

Our 2025 Impact report sets out our sustainability progress over the past year, marking important milestones on our impact journey. We achieved validation of our near-term climate targets by the Science Based Targets initiative (SBTi), maintained our carbon footprint below our FY2023 baseline despite firm growth, matched 100% of our electricity consumption with renewable energy, and completed our second independent assurance of greenhouse gas data inventory. 

These advances represent strides of progress as we continue to create value for our clients, embed sustainability into our culture and lead with impact.  

Our people are at the heart of everything we do. The diverse perspectives, experiences, and talents of our global colleagues strengthen our culture and enhance the value we deliver to clients. Our 2025 Impact report places our people at the front and centre of this journey, with a focus on creating a psychologically safe environment that allows people to learn, adapt, and bring their whole selves to work every day.   

The year focused on three commitments: First, a focus on helping colleagues navigate AI with confidence, and continuing to invest in learning, upskilling, and apprenticeship as the foundation of long-term professional growth. Secondly, fostering an environment of inclusion and belonging, sustaining a culture in which colleagues across roles, identities, and life stages feel seen, valued and supported. Our third commitment centred around local impact and community, as we translated our purpose into action through our Impact Pathways community, and the locally driven initiatives and contributions of our offices around the world. 

Strong governance remains fundamental to how we create long-term value and manage an increasingly complex business environment. In FY2025, we focused on strengthening risk stewardship and advancing the responsible adoption of AI by ensuring that innovation enhances, rather than replaces, the expert judgment that our clients trust us to provide.  

We fully embedded our new governance structure and formalised our dedicated Risk Management Function, deepening a shared understanding of risk to support more informed governance dialogue, and to ensure that the implications of key decisions are considered and managed consistently across the Firm. We also established six principles for responsible use of AI, supported by a comprehensive AI policy and practical safeguards built into the tools colleagues use daily. 

Supported by a streamlined leadership structure and an evolving policy framework, we continue to build a governance model that is agile, accountable, and fit for the future.  

Addressing climate change requires long-term commitment, clear accountability, and collective action. Guided by our purpose of Leadership for a Better World, we continue to advance an environmental strategy grounded in science, strong governance, and transparent reporting. 

In FY2025, we reached an important milestone with the validation of our near-term emissions reduction targets by the Science Based Targets initiative (SBTi). We  continued to strengthen the foundations for long-term decarbonization, advancing initiatives across our operations, energy use, and supply chain to support progress toward our climate goals and a more sustainable future. Our market-based carbon footprint remained 5.7% below our FY2023 baseline year even as the Firm grew. We continued to match our electricity use with renewable energy, engage suppliers across our value chain, transition our vehicle fleet, and invest in carbon-reduction and removal projects. Our greenhouse gas data for FY2025 received independent limited assurance. For the third year running, colleagues took part in our global Walk the Earth initiative, which we have expanded to include an environmental component, contributing to the restoration of 6878 trees in Tanzania.

As advisor to many of the world’s leading organizations, we are uniquely placed to drive impact far beyond our own organization. By helping leaders navigate complex challenges, lead courageously and seize new opportunities, we contribute to positive change across businesses, communities, and society.  

Through our insights and advisory work, 2025 marked a year of supporting organizations to navigate transformation, embrace AI responsibly, strengthen governance, and advance sustainability goals. We placed significant focus on collaborations with like-minded organizations, bringing together trusted voices in leadership for maximum impact and reach. From collaborating with CHROs and senior executives to supporting boards, investors, and global institutions, we are proud of our continued work with leaders to drive meaningful change and create sustainable value for their organizations and communities in a rapidly changing world.