BDO Transparency Report 2023

Foreword

In today’s rapidly evolving business landscape, adaptability is paramount. As a forward-thinking organisation, we recognise the need to embrace change and have embarked on a transformation journey. Staying ahead of the curve requires a proactive approach, anticipating and responding to changing market dynamics, emerging technologies and shifting client expectations. Moving forward, regulatory standards and expectations will continue to be a priority and a key strategic focus. Through continuous investment in cutting- edge digital systems and tools, we are optimally positioned to assist our clients and our firms to effectively navigate the increasingly intricate risk landscape. Demonstrating our commitment to setting a precedent, we are actively expanding and refining our policies, monitoring procedures, and reporting mechanisms to enhance the culture of quality across all our firms. We aim to ensure immediate and urgent action, to meet the sustainability demands of all our stakeholders – our clients, our employees, our communities, and our regulators. Our commitment to support the goal of Net-Zero greenhouse gas emissions by 2050 or sooner (along with our GPPC peers, with whom we joined the Net-Zero Financial Service Providers Alliance in 2021) ensures that the topic of sustainability remains firmly on our global agenda.

The global scarcity of talent presents a significant challenge for all professional service providers. The demand for highly-skilled professionals continues to outstrip the availability of new talent. Together with our firms, we will continue to invest in both new and existing employees, and encourage lifelong learning and development for all. We recognise that employee engagement is key to our success, and the ongoing diversity, equity and inclusion efforts of our firms are inspirational, and a testament to who we are as an organisation. As we continue our journey, we aim to ensure that all our firms work as responsible and responsive businesses and have a positive impact on our people, our clients, and the communities we live in.

Pat Kramer

June 2023 Global CEO

PEOPLE HELPING PEOPLE

Our purpose - People helping People – will continue to be our guiding principle, shaping our current and future direction. We are a people-powered business, and as such our people and culture are the foundation of our organisation. Our teams, comprised of BDO professionals from all over the world, are our most valuable asset.

TRANSPARENCY REPORT 2023

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