What is the Transparency Report?
This report is designed to help our stakeholders understand us better and to demonstrate that we have the skills, resources, and tools needed to conduct high-quality audit engagements objectively and effectively. Grant Thornton continues to invest in these areas to strive for continuous quality improvement.
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Foreword from our CEO, Steve Tennant
Welcome to the Grant Thornton 2023 Transparency Report. It is a privilege to take on the role of Chief Executive Officer (’CEO’) from 1 January 2024. I am passionate about driving the firm forward with an enhanced focus on innovation, sustainability, and quality.
2023 has been another year of growth and development for our firm. It has been a positive year from a quality perspective in particular, and this demonstrates the effect of our continued focus on and investment in quality.
While it is encouraging to see these results through periods of profound change and disruption – including e.g. geopolitical challenges, the cost of living crisis, the pace of Artificial Intelligence advancement – our firm needs to continue to adapt and evolve to effectively manage the heightened risks and challenges that we face. This will also allow us to continue to support our people, our clients, and our communities.
Steve Tennant
CEO - Grant Thornton Ireland
Quality
Strong Audit Quality Reviews
- 93% of audit and assurance engagements reviewed as part of the internal monitoring process received a grading of either ‘Good quality’ or ‘Acceptable, but scope for improvement’ and therefore our results have remained consistently strong year on year.
- 91% Clients likely to recommend us.
- 94% rate us much better than previous performance.
Quality and Ethics Survey
- 87% of respondents indicated a positive score. This annual survey measures how our people view the firm’s emphasis on quality and ethical standards, as well as measuring individuals’ own attitudes to quality and ethics.
People and culture
Restructure
- Welcoming a new CEO for January 2024.
- Streamlining the service lines to Audit, Advisory, and Tax.
ED&I
- An increase of 44% of different ethnicities and culture within the firm, up from 50 in 2022 to 72 nationalities represented in 2023.
Community
- Celebrating a successful and collaborative first year of partnership with Children in Hospital Ireland, by raising over €50,000 and preparing more than 16,000 care packs.
- Entering our 15th year of partnership with the Trinity Access Programme.
Environmental performance
Sustainability initiatives
- Reduced emissions by more than 35% since 2019 in our own operations (scope 1 & 2).
- +4,640 trees planted by the end of 2023.
- 117,000+ single-use plastic cups eliminated by introducing reusable coffee cups in 2023.
Sustainable travel
- In 2023, over 83% of our colleagues chose sustainable and active travel modes (foot, bike, bus, rail, carpool), reflecting a notable improvement of just under 5% from 2021.
Awards
Green Awards
- Our efforts in 2023 were recognised by the Green Awards in 2024, where we were congratulated for being the leading Green Financial and Professional Services Firm.
ED&I
- Obtained Ireland’s only Equality Mark for Business – Investor’s in Diversity Gold accreditation – as the largest professional services firm to do so.
- We won the National Diversity and Inclusion award for Outstanding Employee Resource Group.
Download the latest report for Grant Thornton Ireland and Northern Ireland offices
Further information
Grant Thornton is committed to transparency and ensuring that stakeholders have access to the information they need.
If you require further information or have any queries about the report, please don't hesitate to reach out to Grant Thornton using the contact form provided.
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