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. We work across six locations - Argentina, China, India, the Philippines, Poland and the UK - and with teams from all EY service lines, geographies and sectors, playing a vital role in the delivery of the EY growth strategy. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The European Financial Reporting Advisory Group (EFRAG) was mandated to develop draft European Sustainability Reporting Standards (ESRSs) setting out the detailed disclosure requirements under the . But some things will remain the same. The other would be a new global corporate organization comprising Consulting, the majority of Tax, Strategy and Transactions, and managed services focused on clients growth, risk, and transformation agendas, enabled by technology. Rob Doepel, EY Managing Partner for Sustainability, said: "Sustainability is one of the defining issues of our generation and EY has a . EY helps clients create long-term value for all stakeholders. Taken together, EY is in a position of great strength and Im so proud of all that we have achieved. For more information about our organization, please visit ey.com. There are now more than 250 different EY Badges on offer, ranging from AI to sustainability and impact entrepreneurship to supply chain planning. How do you move long-term value creation from ambition to action? We are proud to be advocates of change to make businesses across the world more sustainable because we believe in long-term value. EY Value Realized 2022. an extract from the UBS Sustainability Report 2022. Our focus on the value EY member firms create for stakeholders has made us a successful and sustainable organization, and weve experienced exceptional growth this year. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Please refer to your advisors for specific advice. How the great supply chain reset is unfolding, Why Chief Marketing Officers should be central to every transformation, How EY is working to uplift social equity through authentic storytelling, Select your location Close country language switcher. We have reduced EY carbon emissions globally by 56% from our FY19 baseline, ensuring that we remain on track for our 2025 net-zero target. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. At EY, our purpose is building a better working world. For more information about our organization, please visit ey.com . We also work with like-minded organizations government bodies, non-profits, multinational corporations and impact investors to achieve together what no single organization could achieve alone. #technology Sustainability, and the ESG reporting challenges that come with it, are a top priority for our customers. This is a greater percentage than CEOs globally (48%) and points to more long term optimism . Measuring and reporting on our progress, beyond the financial results, is an important way for us to hold the organization accountable to the EY purpose, strategy, ambition and the individual commitments we make to colleagues, clients and society. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Get in touch to learn more. Goal 3: Good health and well-being Goal 5: Gender equality Goal 6: Clean water and sanitation Goal 7: Affordable and clean energy Goal 8: Decent work and economic growth Goal 9: Industry, innovation and infrastructure Goal 10: Reduced inequalities Goal 12: Responsible consumption and production Goal 13: Climate action Goal 14: Life below water Goal . Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Review ourcookie policyfor more information. PwC Sustainability Leader, PwC United Kingdom. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, 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, More about Advanced manufacturing and mobility, As-a-service business operations and transformation, Capital operations and innovation suite (COInS), More about Technology, media & entertainment, and telecommunications, How blockchain helped a gaming platform become a game changer, M&A strategy helped a leading Nordic SaaS business grow, How to use IoT and data to transform the economics of a sport. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. How the great supply chain reset is unfolding, Why Chief Marketing Officers should be central to every transformation, How EY is working to uplift social equity through authentic storytelling, Select your location Close country language switcher. Creating long-term value for society means having a positive impact on the planet and on the communities in which we live and work. EY crisis and mobility teams worked in tandem to provide transport, accommodation, food and medical care. Can we avoid gridlock on the road to carbon neutrality? If you see opportunities to collaborate and scale impact, the EY Ripples team would like to hear from you. Stay up to date with our Editors picks newsletter. Faced with the urgent and interconnected challenges of climate change and social inequality, we believe businesses must go further, faster, to build a better working world one that is socially just, economically inclusive and environmentally regenerative by design. 2020 EYGM Limited. At EY we want to actively contribute to an economic system that is fairer, more trustworthy and capable of addressing humanity's most profound . By bringing our talented people together, united under our purpose, we are focussing our efforts in three key areas to help meet the challenges of the present and prepare for a better future. . "The time . This EY report provides details. 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 energy and commitment of EY people has led to our highest reported growth in almost two decades, with EY now a US$45.4 billion organization, growing at 16.4% in local currency. We recognise that environmentally responsible and sustainable business practice is important to our people, resonates with our clients and adds value to our supply chain. Were committed to building a better working world that embraces sustainable growth, recognising our obligation to our people and the communities in which we operate to minimise our environmental impact. This is now complete. In light of the war in Ukraine, the EY global organization also made the difficult decision to separate the Russian andBelarusian member firms from the global network. Photo credit: Hannu-Pekka Laiho, The International Federation of Red Cross and Red Crescent Societies, hours were devoted to a variety of initiatives and in kind projects in FY22. Taken together, EY is in a position of great strength and Im so proud of all that we have achieved. EY remains carbon negative and advances toward net zero in 2025. I have been humbled by the many ways EY people came together in support of EY colleagues, as well as the wider community impacted by the war, and I want to thank the EY people and leaders who have been front and center of our efforts in this. At the outset of the war in Ukraine this year, our immediate focus was on helping EY colleagues and their families who wanted to leave, as well as those who had to, or chose to, stay. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. Over the next four years we also plan to double the size of ourConsultingpractice, to meet increasing demand from our clients implementing large-scale transformation programmes. For clients we create long-term value by building trust and transparency in business and the capital markets, and helping them to grow, optimize and protect value. Combining insight into #ESG factors and #nonfinancial reporting with #strategic & #operational excellence to transform organizations. Read Letter from the CEO. Make the next step and apply for this position. In 2020, the survey focused on four key aspects of sustainability reporting: Whilst we must look forward to the future of ESG reporting, a look back at the trends across different geographies and sectors can help reporters to understand what they can do to meet stakeholder reporting expectations. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Welcomed 1,473 students (graduates and school leavers). In FY21, the total IKEA climate footprint decreased by 1.6 million tonnes of CO 2 eq in absolute terms compared to baseline FY16, a reduction of 5.8%, while IKEA sales surpassed previous highs**. At EY, our purpose is building a better working world. In June 2021, TKM successfully achieved 100 percent renewable energy conversion of purchased electricity at the Bidadi Plant in . Why Chief Marketing Officers should be central to every transformation. Climate change and energy. As a professional services firm, the products we deliver to our clients are based on intellectual capital rather than a physical entity. EY KPMG Bain and Company . Explore our global insights below on some of the key sustainability and ESG challenges organizations face today and learn how your business can help . Technology, media & entertainment, and telecommunications. At EY, our purpose is building 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. remember settings), andPerformance cookies to measure the website's performance and improve your experience., and 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. Nonfinancial reporting advisory and assurance. We do this through supporting clients to identify and capture incentives in the form of public funding and grants as well as complementary measures such as R&D tax incentives. EU Sustainability Developments. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. As a proud participant in the United Nations Global Compact (UNGC), the global EY organization is committed to advancing the Sustainable Development Goals (SDGs), and to aligning strategy and operations with the UNGC Ten Principles. In FY22, we reported US$45.4b in revenue and 16.4% growth in local currency. Michael-John Albert (UK Audit Quality Leader) " Tone from the top of our auditors respond positively when Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. is the number of lives EY Ripples aims to have impacted by 2025. We have made several acquisitions, formed more than 30 industry alliances, and recruited a record number of equity partners - all to boost capability and skills in our business. This is now complete. because as I just outlined, each and every single entity in scope on its own needs to report the sustainability report with 80 plus disclosure requirements which are approximately over 1,000 data points . But some things will remain the same. To achieve this ambition, EY teams have set an aggressive target to significantly reduce its emissions by 40% in that time. 2020 EYGM Limited. In the UK, EY will have a team of 250 sustainability professionals helping clients navigate an ever-changing consumer, regulatory and political environment across transmission, distribution and retail energy. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Learn more about ESG Assurance. I am pleased that EY continues to be a participant in the UNGC, and in this report I reaffirm our commitment toward its Ten Principles. EY | Assurance | Consulting | Strategy and Transactions | Tax. Tackling the interconnected challenges of climate change and social inequality requires systemic change. Today 82% of EY people agree their experience is exceptional. Leading the way, EY became the first of the Big Four accountancy firms to secure an ESG linked revolving credit facility, which is directly linked to our ESG targets and is verified annually by external auditors. We call this Value-Led Sustainability - a way of protecting and . There are now more than 250 different EY Badges on offer, ranging from AI to sustainability and impact entrepreneurship to supply chain planning. We measure and report on our progress to hold ourselves accountable and enable our people, Deloitte clients and society to evaluate our impact. How can corporate reporting bridge the ESG trust gap? We bring together extraordinary people, like you, to build a better working world. . 3 Our contribution: 2019-2020 15 . This has been a record year of growth in the UK, driven by the long-term investments weve made in our business and strong client demand. Asking the better questions that unlock new answers to the working world's most complex issues. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. The other would be a new global corporate organization comprising Consulting, the majority of Tax, Strategy and Transactions, and managed services focused on clients growth, risk, and transformation agendas, enabled by technology. Since the program was launched in 2017, more than 280,000 EY Badges have been awarded. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Organization: Precision Reports Phone: US: +1 424 253 0807 | UK: +44 203 . The creation of two strong, independent businesses would help EY to better meet the needs of clients; create compelling careers for EY people; and serve the public interest by providing greater choice in the market and a global response to regulatory concerns. We bring together extraordinary people, like you, to build a better working world. It is a communication tool that plays an important role in convincing sceptical observers that the company . Business leaders need to demonstrate how they lead with purpose and deliver credible social impact as well as creating value for their stakeholders. In it you will learn how we are working to create a stronger and more sustainable firm for the next generation. Highlights included the sale of the Snetterton Greenfield . Find out more about our environmental performance and our approach to managing our impact: We are proud to have achieved a number of recognised standards in environmental management, reporting and benchmarking. We are committed to delivering on our promise to all EY people: The exceptional EY experience its yours to build. All Rights Reserved. Last year,EY became carbon negative, and we are on track to meet our goal of becoming net zero by 2025. Non-financial reporting and disclosures consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) are increasingly requiring action. Overseeing these commitments is the EY Corporate Responsibility Governance Council, which includes several members of the EY Global Executive, and brings together leaders from across EY functions, service lines and geographies. Over the course of three years, we are investing US$10b in audit quality, innovation, technology and people to help EY clients solve their increasingly complex challenges. Join Maddy Camble from EY and Mike Wincott from AIRINC on Thursday, 6 October 2022 to understand what sustainability means in the global world of Mobility EY is a global leader in assurance, consulting, strategy and transactions, and tax services. We bring together extraordinary people, like you, to build a better working world. Project Finance, Corporate Finance, Renewable Energy Advisory Services & M&A. 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. By joining forces with clients and other like-minded organizations including the following across multiple countries, we can achieve together what no one organization could achieve alone. This is where impact enterprises already live. Sustainability is at the heart of our EY brand. More. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. Over the past 20 years we have created a . How can corporate reporting bridge the ESG trust gap? At the same time, across the global EY organization, we continue to challenge ourselves to embed responsibility, inclusiveness and sustainability more deeply in everything we do. The affected companies amount to an estimate of 49,000 compiled of both large and listed companies It will see headcount climb from 5,100 to 10,200 people, with more than half of the new roles based outside of London, including Manchester, Glasgow, Edinburgh, and Birmingham. Introducing #ExtremeE; an all-electric, gender-equal off-road series, that promotes #sustainability by competing in London, England, United Kingdom. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. The EU Corporate Sustainability Reporting Directive (CSRD) proposal provisions include the mandate to report sustainability information under the reporting framework of the ESRS. The EY Global Executive has signed this statement to demonstrate its commitment to uphold and promote human rights. Sustainability has rapidly become one of the central drivers for consumer purchasing behaviours. How the great supply chain reset is unfolding, Why Chief Marketing Officers should be central to every transformation, How EY is working to uplift social equity through authentic storytelling, Select your location Close country language switcher. Moving from an "annual and manual" reporting process to a dynamic and frequent process with reliable and decision-useful information is essential for companies to . EY helps clients create long-term value for all stakeholders. 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. Delivering sustainable, consistent high-quality audits is a priority for EY and the firm continues to make significant investments. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Activity The EY team will host the sixth in a successful series of #WomenInTechnology webcasts across financial services. EY Sustainability Climate change and sustainability services . Of course, this proposal represents a significant change. Asking the better questions that unlock new answers to the working world's most complex issues. It also shows us where we need to improve. Our focus on the value EY member firms create for stakeholders has made us a successful and sustainable organization, and weve experienced exceptional growth this year. Asking the better questions that unlock new answers to the working world's most complex issues. Launched in 2018, with the ambition to positively impact one billion lives by 2030, the EY Ripples program embodies our quest to lead EY people and networks in accelerating progress toward the SDGs. As a world-renowned developer of talent, the EY organization extends its knowledge to help young people and underserved groups build the mindsets and skills needed to succeed in an era of unprecedented change. Discover how EY insights and services are helping to reframe the future of your industry. EY Foundation our independent charity - supported a further 2,200 young people through its skills and work experience programmes helping to promote employment opportunities and reduce the barriers that many of them face, as they transition from education. I look forward to the opportunities ahead, and to building an even better working world. 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 insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. The Sustainability Consulting Market Report is 91 pages long and includes a detailed table . 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, How blockchain helped a gaming platform become a game changer, M&A strategy helped a leading Nordic SaaS business grow, How to use IoT and data to transform the economics of a sport. We are committed to delivering on our promise to all EY people: The exceptional EY experience its yours to build. It enables the company to be more transparent about the risks and opportunities it faces. Using our collective strengths - including sector expertise, technology, and data - we come together to advise businesses and their leadership teams, across the globe, to generate long-term value. EY Sustainability. EY | Assurance | Consulting | Strategy and Transactions | Tax. 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. This includes through global commitments to upholding and promoting human rights, and to innovating toward a net zero future. EY Sustainability. Find out how we're responding via ourplastics reduction strategy. In 2020, the COVID-19 pandemic changed the world and people's lives in ways we could never have imagined. 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. Creating value beyond the boardroom has become more important than ever for organisations. Recent awards include: At EY, we believe that when organizations align their aims with societys, they will be more valuable and viable in the long-term, and we will all be closer to addressing some of the worlds greatest challenges. An ESG report or Sustainability report is a report published by a company or organization about environmental, social and governance (ESG) impacts. With two separate, multidisciplinary organizations, we believe we would create better and more dynamic career opportunities; EY people can learn more, take on new roles, and explore different mobility options. In this years Value Realized report, we share stories of our far-reaching global impact and the value we are creating for 365,000 EY people worldwide, for clients in every sector and geography and for the communities in which we live and work. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. EY helps clients create long-term value for all stakeholders. 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. We have positively impacted more than 81 million lives . And that makes it everybody's business. Discover how EY insights and services are helping to reframe the future of your industry. The January 2023 EY CEO Outlook Pulse survey, which includes 390 responses from European CEOs, finds that while 98% of respondents are expecting a global recession, a majority of European CEOs (52%) expect this to be temporary and not a persistent one. EY UK Chair and UK&I Managing Partner, Ernst & Young LLP. In FY22, we spent more than US$300 million on training and delivered more than 59 hours of training per person. The EY Global Sustainability Legal Services team comprises people with a deep understanding of sustainability, including . View the next page: A message from leadership. Discover how EY insights and services are helping to reframe the future of your industry. Stay up to date with our Editor's picks newsletter. Environmental, Social, and Governance (ESG) risk demands the attention of boards and audit committees. Leading our 17,000 people in the UK. Asking the better questions that unlock new answers to the working world's most complex issues. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Our sustainability strategy sets out how we intend to run our business to minimise harm and maximise our beneficial impact on our people, our clients, wider . EY | Assurance | Consulting | Strategy and Transactions | Tax. Through the EY corporate responsibility program, EY Ripples, we have positively impacted 81m lives. View content : The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to . All Rights Reserved. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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, How blockchain helped a gaming platform become a game changer, M&A strategy helped a leading Nordic SaaS business grow, How to use IoT and data to transform the economics of a sport. Bringing together IBM Technology with consulting from one of our top GSIs help those customers move more quickly toward reducing their environmental impact. Every day, our people help our clients to navigate an ever-changing world and the challenges and opportunities that come with it. It would also mean increased access to capital to reinvest in people and client services and solutions, with a laser focus on the issues that matter most to clients and stakeholders. How EY insights and services are helping to reframe the future of your industry enable people. Help our clients ey uk sustainability report navigate an ever-changing world and people & # x27 ; s in... Editors picks newsletter environmental, social, and Tax services this proposal represents a significant change,. Will learn how your business can help to build a better working world ranging AI! 2020, the COVID-19 pandemic changed the world over delivered more than 250 different EY Badges on offer, from! 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