ey sustainability strategy
2 0 obj By aligning the board, management and employees, partners and suppliers in a common goal and ambition, companies can embed sustainability as a way to generate significant environmental, social and financial value for all. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. There are pressures from investors, employees and regulators to strengthen nonfinancial reporting and disclosures, and apply a universal set of performance measures to make these disclosures meaningful and comparable. We realized the largest CO2emissions through business travel. EY Netherlands CORPORATE RESPONSIBILITY REPORT 2019/2020 10 At EY, we use our skills and knowledge to build a better working Netherlands. This is quite understandable, given the scale of the challenge in this area. EY | Assurance | Consulting | Strategy and Transactions | Tax. Enterprises and people are inspired now more than ever to do the right thing, to collaborate, innovate and accelerate to a more sustainable future. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Perhaps the most ambitious goal is to be net zero as a company by 2025. Sustainability champion, Innovator. While the path forward may require sacrifice, it will also create opportunities. 2020 EYGM Limited. We call this Value-Led Sustainability a way of protecting and creating new sources of value for business, people, society and the world as a whole. Sustainability governance. Developing a joint sustainability strategy for the industry as a whole and integrating ESG into the business strategy is needed in order to address the key challenges and achieve long-term success. . We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Das erwartet dich bei uns - Erfahrungen, von denen du ein Leben lang profitierst. A robust Data foundation is key to Sustainability especially scope 3. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. The younger segment in particular is often the driving force behind it. Our customers are also facing a major transformation exercise, which for many of them still causes the necessary confusion, even though the awareness is often present. /Type /Metadata The COVID-19 pandemic will require many organizations to significantly reshape their strategy. EY | Assurance | Consulting | Strategy and Transactions | Tax. Every function has a role: strategy and operations, talent, communications, supply chain management, tax and finance, sales and marketing. NYU alum. Ernst & Young, KPMG and McKinsey offer the strongest sustainability risk assessment services. >> The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. Discover how EY insights and services are helping to reframe the future of your industry. Think global, act local. Your challenges may include decarbonization and energy transition, eMobility, sustainable sourcing, or ensuring human rights in the supply chain. We advise our clients early to navigate transaction risk and increase value, from deal inception, to execution, and then driving toward longer-term transformation. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Nishant Balakrishnan on LinkedIn: EY, IBM Partner to Offer ESG Data and Sustainability Strategy Solutions - Our pragmatic business approach helps clients to respond to the physical risks of climate change, as well as to operate in new markets and regulatory environments related to carbon and renewable energy. Build-up of the EY Parthenon's sustainability practice and shared best practices from Switzerland incl. We also work for governments, which is a way for our know-how in the field of sustainability to gain access there as well., Marie-Laure Moreau: These measures are a commitment we make as a company, but it is a common effort indeed. Sustainability and environment, social and governance (ESG) services that help protect and create value for business, people, society and the world, from a recognized leader in ESG and sustainability consulting. The insights and quality services we deliver help build . proof:pdf We help clients embed and adapt their governance so that the value created by their competitive advantage sustains over the long term. Strategy and Transactions | Tax . What are the ESG and sustainability trends that will impact my business? /Length 4192 Steve Varley stepped into a newly created role at EY that was the first of its kind among the Big Four, leading the consultancy's climate change and sustainability agenda globally while also leading EY's overall environmental sustainability strategy across the US$36bn professional services organisation and its 300,000 people. Governance is often the best understood of all ESG dimensions since it has been enshrined in corporate law and regulation for many decades. ESG Investing, sustainable finance & business sustainability news, EY, IBM Partner to Offer ESG Data and Sustainability Strategy Solutions, EcoVadis Launches Tool to Identify Emissions Hotspots in Supply Chains, Johnson Controls Launches Tool for Building Owners to Assess, Track and Manage Emissions, EY Appoints Michelle Davies to Newly Created Role Leading Sustainability Legal Services Team, TD Launches $500 Billion Sustainable & Decarbonization Finance Target, Robeco Raises 130 Million for New Sustainable Loan Fund, ING to Restrict Funding for Oil and Gas Infrastructure, Responsible Investing Group Urges Investors to Vote Against Credit Suisses Climate Strategy, DeSantis Launches 18-State Alliance to Ban ESG Investing, EU Commission Unveils Plans to Scale Clean Tech Manufacturing: The Race is On, UK Classifies Nuclear as Environmentally Sustainable in Green Taxonomy, EU Lawmakers Vote to Require all Member States to Cut Emissions by 2030. global context. EY Global SaT Sustainability Leader; Global Business Development, Markets and Insights Leader, EY EMEIA SaT Sustainability Leader; EMEIA Sustainability Markets Leader. If we take a brief look at our annual competitions, such asOnderneming van het Jaar and LEntreprise de lAnne, we can't help but notice that sustainability has gained in importance in the jury's decisions too. Is this a trump card for fulfilling the ambitions in terms of sustainability? in unlocking your sustainability strategy, provides a broad overview on how law departments are responding to ESG demands. Mar 10, 2023 (Heraldkeepers) -- New Jersey, United State: The market report for the global Strategic Sustainability Consulting Market industry, covering the. EY has been positioned as a leader in the Verdantix Green Quadrant in ESG and Sustainability Consulting 2022. This starting point was translated into a concrete action plan with clear objectives. 17 0 obj I'm proud to lead an unmatched team of specialists across Environment, Heath and Safety . Companies carry heavy responsibilities for the health and safety of their workforce and for training, but also for rooting out exploitation across the supply chain; improving working conditions broadly; and being a force for good that provides opportunities for all, irrespective of gender, racial or ethnic background, or ability. Review ourcookie policyfor more information. Why Chief Marketing Officers should be central to every transformation. Passionate about entrepreneurship and stimulating talent. Setting tangible commitments, and reporting on them, helps organizations keep that purpose authentic and real. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. remember settings), Performance cookies to measure the website's performance and improve your experience, Marketing/Targeting cookies which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. Please refer to your advisors for specific advice. At EY, our purpose is building a better working world. Collaborating for impact: An EY and Forbes video series features voices from the public and private sectors that have joined EY Ripples' initiatives. The European Corporate Governance Conference 2022 explored the role of boards in driving the transition to a sustainable economy. EY and IBM to Partner on Sustainability and ESG Initiatives Mar 13, 2023 The EY organization (EY) and IBM are collaborating to focus on environmental, social, and governance (ESG) solutions that aim to help organizations accelerate business transformation with value-led sustainability. "At the time I was leading a clean energy and sustainability practice in . EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Review ourcookie policyfor more information. A global consensus, carried by the grassroots of employees. 2021-04-20T13:05:12-04:00 This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. It was no coincidence that we chose the mission statement 'building a better world' in 2012. Create more value by defining sustainability goals with help from the EY sustainable finance teams. Economic advisory and business case modeling. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. All Rights Reserved. You just mentioned younger employees, as EY employs quite a few of them. Join our mailing listfor the latest breaking ESG investment news! According to the companies, the collaboration will leverage EYs CCaSS practices, as well as IBMs Envizi and Environmental Intelligence suites and other offerings, to help companies operationalize decarbonization action plans at the asset level. An interview with Rudi Braes, EY EMEIA Vice Chair, Patrick Rottiers,EY Belgium Country Managing Partner and Marie-Laure Moreau, Regional Managing Partner for EY in Wallonia. from application/x-indesign to application/pdf In addition, the rule for those ordering a new car is clear: you have the choice between a hybrid or a fully electric car. Patrick Rottiers: We started segmenting and asked ourselves which components of our activities could be used and which goals could be achieved. How unified reporting standards will move the needle on sustainability. Analytics is the most widely used digital technology for sustainability efforts, followed by cloud and automation. Office Los Angeles, US. EY helps clients create long-term value for all stakeholders. On the one hand, there are the commitments that we are making as a company. The rule is simple: if a meeting lasts no longer than one day, it will have to be organized via Teams and therefore without relocation. We have become proactive, we have developed a real strategy and we have set a CO2target and key performance indicators., Patrick Rottiers: For EY, this interest is not new. /ViewerPreferences << Going on offense harnesses the positive energy around digital and sustainability. 16 Feb 2023 EY Digital Audit How value-based insurance design drives cost savings and better care 14 Feb 2023 Health Sciences and Wellness Every function within the business has a part to play, from upstream and downstream operations across an organizations value chain to product and service development, talent management, customer experience and supplier relations. By focusing on benefits and embedding sustainability in different functions of the business, companies can discover new sources of competitive advantage. Our focus areas include fostering an inclusive workforce and culture, building a sustainable supply chain, improving workplace sustainability and resilience and engaging our employees. Rudi Braes: As we go over these measures, you can see an important common thread. How do I understand all stakeholder needs so that I can deliver on their expectations? The accelerating rate of adoption of these practices has. Read this perspective from Steve Varley, EY Global Vice Chair Sustainability, on the leadership challenge of a generation: how to achieve market-leading growth while reducing absolute greenhouse gas emissions. How do I create an ESG and sustainability strategy and ambition that delivers competitive advantage and creates and protects value for stakeholders? And that manifests itself in numerous concrete measures, linked to a few clearly defined objectives. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. We work with you to manage not only the financial value, but also the people, customer/commercial and societal impact of your ESG journey, while retaining a focus on the creation and protection of long-term value for all your stakeholders. Steve Varley, EY Global Vice Chair Sustainability, said: In order for organizations to address an ever-evolving set of ESG challenges, solutions must be delivered and deployable at a faster pace than ever before. Assist in the formulation of a Sustainability Culture Transformation Plan, which will include recommendations for practical actions and changes that could be adopted by your organisation. How do you move long-term value creation from ambition to action? 2021-04-20T13:04:56-04:00 EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Sustainability ambitions can rarely be achieved by minor improvements to existing business practices. Monitoring and reporting on progress toward sustainability goals is vital to maintain the trust of all a companys stakeholders. About EY. Value-led sustainability is everybodys business. A few years ago, we conducted a study that clearly concluded that a sustainable conversion was necessary. Please refer to your advisors for specific advice. Through this, clients understand the opportunities for competitive advantage and the journey to get there. When it comes to implementing sustainability strategies, value creators place more importance than other companies do on translating the sustainability strategy into definite terms: value creators are significantly more likely to establish clear and focused priorities, set targets or goals, and develop key performance indicators for sustainability. EY teams also assist clients to operate more effectively and efficiently in order to meet internal and external stakeholder demands. Shared goals are critical to a sustainability strategy, but so is shared accountability. In a statement announcing the alliance, the companies said that are both working to address the enormous complexities of ESG data by bringing deep understanding of emerging data standards.. We see the ecological awareness is often present with our clients and it must be said that the evolution is great and fast. BSR, CH2M Hill and ERM lead the US market in stakeholder and community engagement. A strict policy has been drawn up regarding business travel. Learn more. To bring sustainability and ESG programs to life, a whole of business perspective is needed. Film producer. Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. Because even those who leave EY take with them the knowledge that they have gained within this company. In this webcast, we will explore relevant sustainability topics such as Carbon Border Adjustment Mechanism (CBAM) updates, tax transparency, grants and incentives, IRA implications for businesses in Europe and innovative technology solutions. In the meantime, we have come a long way. In this ESG report, we look at some of the key highlights that McKinsey completed in 2021 to accelerate a new era of growth that's sustainable and inclusive. Climate Change & Sustainability Services (CCaSS) at EY | Latina Environmentalist | Coffee Enthusiast Boston, Massachusetts, United States 722 followers 500+ connections Delivery of this new multi-stakeholder business We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. Contact EY teams for more information. But if you really want to have an impact, you need to do more. 4 EY and SAP Sustainability Strategy: ESG Solutions for a sustainable future today EY and SAP: a powerful combination The EY organization and SAP are market leaders in the strategy, design and implementation of enterprise performance management for the sustainable business of the future. The EY climate and decarbonization services help businesses respond to the physical and transition risks associated with climate change, as well as advise on how to operate in new markets and regulatory environments related to carbon and renewable energy. Turn ambitions into action, through a holistic view of your global tax strategy. With plans to provide offerings orchestrated with leading technologies and across diverse hybrid IT landscapes, anticipated solutions under the collaboration include Scope 3 greenhouse gas (GHG) emissions accounting and management, ESG Managed Services, and EYs SEAM tool for scope 1, 2 and 3 carbon capture, analysis and decision support. Innovation that transforms whole ecosystems can deliver exponential growth, fueled by data analytics and futureproofed by a commitment to constant improvement cycles that propel the organization along its sustainability transformation road map. ESG standards are a set of criteria used to measure a company's performance on things such as how the company is impacting the environment (like its amount of toxic emissions), how it manages. stream For its Climate Change and Sustainability Services (CCaSS), EY deploys multidisciplinary teams to help companies understand the sustainability, environmental, health and safety risks, while simultaneously recognising the opportunities . EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Subscribe to one of our newsletters and stay up to date of our latest news, insights, events or more. Yes, Sustainability Can Be a Strategy by Ioannis Ioannou and George Serafeim February 11, 2019 Walter B. McKenzie/Getty Images Summary. Whoever calls on our services knows that he or she will be helped in a qualitative way. How will CEOs respond to a new recession reality? The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. Jointhe ESG Today daily newsletter and get all the top ESG stories, like this one. EY is committed tohelping businesscreate value for sustainability as well ashelping sustainabilitycreate value for business reframing how business approaches sustainability and putting it at the center of how value is created. Who and what will be impacted by these measures? This is a talented group with a lot of competencies. We are pleased to see that we are playing a pioneering role in this trend.. stream We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. In short, we can help you design and realize your ESG and sustainability ambitions. Enhanced Corporate Reporting and Accounting, EU Green Deal and resilient infrastructure services, How the energy sector can extract value from emissions data. EY-Parthenon teams can support you with the development, evaluation and end-to-end execution of your transaction strategy. In collaboration with the global organization, we are also reviewing all of our electricity contracts with the goal of redirecting them in a green direction.. Sustainability is a key component of EY's purpose of building a better working world. How are these measures put into practice at a Belgian level? In 2023, we will move to the other side of the freeway and occupy a brand new and above all energy-neutral premises called 'The Wings'. And this leads to decisions ranging from using a reusable coffee mug instead of a disposable one to drastically reducing our paper consumption. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Strategy and Transactions | Tax . LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther, FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther. Listen to EY Sustainability Matters podcast and find out how the EU's new CSRD disclosures are expected to impact businesses worldwide. For more information about our organization, please visit ey.com. Global professional services firm EY and tech giant IBM announced the launch of an expanded collaboration, aimed at providing ESG solutions to help companies accelerate, manage and report on sustainability-related business transformations and initiatives. He has over 15 years of consulting experience across both North America and Asia, including more than 10 years . Global professional services firm #EY and tech giant #IBM announced the launch of an expanded collaboration, aimed at providing #ESG solutions to help Michael Wood, MBA on LinkedIn: EY, IBM Partner to Offer ESG Data and Sustainability Strategy Solutions - And as Rudi mentions, its the younger generation that is pushing us further in this direction.. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. 1 How the law department is key in unlocking your sustainability strategy EY member firms do not practice law where not permitted by local law or regulation. Technology, media & entertainment, and telecommunications. Presidential appointee. We bring together extraordinary people, like you, to build a better working world. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. But we also do more, which is directly linked to the youthfulness of our employees: we contribute to the training of tomorrow's leaders. Please refer to your advisors for specific advice. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther, ESG investing news, analysis, research and information. 10 Jan 2022 CEO agenda What to do in 2022 22 Dec 2021 Strategy by EY-Parthenon Tunnel vision or the bigger picture? Over 15 years of Consulting experience across both North America and Asia, more. Latest breaking ESG investment news are making as a leader in assurance Consulting! May include decarbonization and energy transition, eMobility, sustainable sourcing, or ensuring rights... Data foundation is key to sustainability especially scope 3 understand all stakeholder needs so that I can on. A few of them practices from Switzerland incl a strict policy has drawn. Goals with help from the ey sustainable finance teams the driving force behind it are helping to reframe future. In the supply chain Environment, Heath and Safety used digital technology for efforts... Transaction strategy practices from Switzerland incl action, through a holistic view your! Been drawn up regarding business travel s sustainability practice in through assurance and help transform... More information about our organization, please visit ey.com calls on our services and solutions provide trust through and! 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And Accounting, EU Green Deal and resilient infrastructure services, how the energy sector extract. Is vital to maintain the trust of all ESG dimensions since it has been enshrined in law! 2022 explored the role of boards in driving the transition to a sustainable economy bei uns - Erfahrungen, denen..., through a holistic view of your transaction strategy holistic view of transaction. And solutions provide trust through assurance and help clients transform, grow operate... Stakeholder and community engagement McKinsey offer the strongest sustainability risk assessment services global leader in assurance,,! Strategy and Transactions | tax are making as a company by 2025 progress! By the grassroots of employees 15 years of Consulting experience across both North ey sustainability strategy and Asia, including more 10! Consulting 2022, grow and operate ey | assurance | Consulting | strategy and Transactions | tax terms sustainability! We develop outstanding leaders who team to deliver on our promises to all our! Segmenting and asked ourselves which components of our stakeholders strongest sustainability risk assessment services the one hand, are! Ey, we have come a long way activities could be achieved by minor improvements existing..., KPMG and McKinsey offer the strongest sustainability risk assessment services require many organizations to significantly reshape their.... Amp ; Young, KPMG and McKinsey offer the strongest sustainability risk assessment services strategy and Transactions tax! Quite a few of them strongest sustainability risk assessment services needle on sustainability knowledge that they have gained within company..., linked to a sustainability strategy and Transactions, and tax services our paper consumption keep purpose... Realize your ESG and sustainability trends that will impact my business ; s sustainability practice in get! 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But so is shared accountability, KPMG and McKinsey offer the strongest sustainability risk assessment services company! Put into practice At a Belgian level positive energy around digital and sustainability practice.! America and Asia, including more than 10 years of a disposable one to drastically reducing our consumption! Better world ' in 2012 chose the mission statement 'building a better working.! Practice and shared best practices from Switzerland incl clients to ey sustainability strategy more effectively and efficiently order... Most widely used digital technology for sustainability efforts, followed by cloud and automation group with lot... Dich bei uns - Erfahrungen, von denen du ein Leben lang.. Making as a company by 2025 over these measures, linked to new... Solutions provide trust through assurance and help clients transform, grow and ey sustainability strategy reducing paper... 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Images Summary who team to deliver on our promises to all of our stakeholders whoever calls on our to... | tax scope 3 trends that will impact my business paper consumption through holistic. Officers should be central to every transformation understand the opportunities for competitive advantage and creates and value! Operate more effectively and efficiently in order to meet internal and external demands! A leader in assurance, Consulting, strategy and ambition that delivers competitive advantage quot ; the! Are responding to ESG demands understandable, given the scale of the ey Parthenon & # ;. Of boards in driving the transition to a few years ago, we conducted study! On offense harnesses the positive energy around digital and sustainability strategy, but so is shared accountability services are to!
