To access the Office privacy settings open any Office application, such as Word or PowerPoint, select Account and under Account Privacy select the Manage Settings button. This will open the Account Privacy settings dialog box where you can select your privacy options.
If you already have an Office application open, go to the File tab first, then proceed to Account (or Office Account in Outlook), and select the Manage Settings button.
This applies to Office version 1904 or newer.
If you're using Office with a work or school account your administrator may have configured what settings you can change.