Deloitte Expands Global Climate Practice With $1B Investment

Deloitte—one of the world’s largest public accounting firms—will pump $1 billion into its global sustainability practice amid surging demand for climate-related reporting and looming new corporate mandates.

The expanded practice will work with clients to set climate-related strategies and to meet tax, reporting, and other regulatory mandates—tapping resources from its core advisory, audit, and tax services, the firm’s global arm announced Wednesday. The investment will also support research and support collaborations with academics, policy setters, and other stakeholders.

• Demand for sustainability reporting has already increased revenue for the largest global accounting networks. Climate reporting boosted revenue across Deloitte’s practices ...