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. 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. 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. He also leads EY's overall environmental sustainability strategy across the US$36b professional services organisation and its 300,000 people. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. This year we also expanded our reporting on progress toward realizing that value by incorporating increased environmental, social and governance (ESG) disclosures; using the World Economic Forums International Business Council (WEF-IBC) Stakeholder Capitalism Metrics as well as the United Nations Global Compact (UNGC); and the United Nations Sustainable Development Goals (UN SDGs). 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. As well as taking care of our own people, we recognise the role we can play in setting best practice as an employer. 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. At EY, our purpose is building a better working world. In addition, in FY22, more than 91,000 EY people, from 129 countries, devoted their time and skills on EY Ripples projects, impacting 27 million lives. . Michael-John Albert (UK Audit Quality Leader) " Tone from the top of our auditors respond positively when 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. 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. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. 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. As well as reducing our own environmental impact we are also working in tandem with our clients, government, and other organisations to support the green transition more widely. The firm has also launched a refreshed Audit Quality Strategy in the UK, which emphasises the importance of a strong audit culture and professional scepticism. How do you move long-term value creation from ambition to action? Organization: Precision Reports Phone: US: +1 424 253 0807 | UK: +44 203 . And that makes it everybody's business. Review ourcookie policyfor more information. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Taken together, EY is in a position of great strength and Im so proud of all that we have achieved. Under the proposed Corporate Sustainability Reporting Directive 1 (CSRD), many more companies in the EU will need to prepare extensive sustainability reports as part of their management reports.. Our financial ambition is to be the professions long-term growth leader and ensure that we adapt and find new ways to grow. Sustainability is everybody's business. EY crisis and mobility teams worked in tandem to provide transport, accommodation, food and medical care. He helps EY clients create business value from sustainability and accelerate their transition to a lower-carbon future. Within the Responsible Business section of our Annual Report, we provide a summary and highlights of our progress in 2022. There are now more than 250 different EY Badges on offer, ranging from AI to sustainability and impact entrepreneurship to supply chain planning. Backed by a further 100m investment, we launchedEY Carbon, which is expected to recruit 1,300 people in three years, to support our clients with the green transition. 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. 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. EY helps clients create long-term value for all stakeholders. Our 2022 Impact Report captures just some of the stories of countless EY professionals, who make it their daily mission to make a difference to the lives of others. Read Letter from the CEO. Help to create a better, more sustainable working world and be part of the innovation opportunity for our generation. Back Submit. 2020 EYGM Limited. EY Assurance Report. It enables the company to be more transparent about the risks and opportunities it faces. 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. How unified reporting standards will move the needle on sustainability. is the number of lives EY Ripples aims to have impacted by 2025. I am proud of the leadership and bold course EY is charting. Asking the better questions that unlock new answers to the working world's most complex issues. Over the last financial year, EY Ripples ourcorporate responsibilityprogramme has contributed to a range of projects that has impacted over 2.7m lives. She remained at Eversheds for 23 years until moving to EY UK last year. Activity The EY team will host the sixth in a successful series of #WomenInTechnology webcasts across financial services. 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. 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. Technology, media & entertainment, and telecommunications. How do you move long-term value creation from ambition to action? Like what youve seen? EY is committed to helping business create value for sustainability as well as helping sustainability create value for business - reframing how business approaches sustainability and putting it at the center of how value is created. 2020 EYGM Limited. Of course, this proposal represents a significant change. 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. The IKEA Sustainability Report FY21 and Climate Report is issued by Inter IKEA Group and covers the collective efforts from the contributors in the IKEA franchise system and value chain. How can corporate reporting bridge the ESG trust gap? 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. 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. EY KPMG Bain and Company . EY Sustainability. 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 develop outstanding leaders who team to deliver on our promises to all of our stakeholders. We have positively impacted more than 81 million lives since the launch of EY Ripples in 2018, and we continue to make good progress toward our ambition to positively impact one billion lives by 2030. What does creating long-term value mean? Rob Doepel, EY Managing Partner for Sustainability, said: "Sustainability is one of the defining issues of our generation and EY has a . Both organizations will be values-focused and purpose-driven, and both will preserve the strong EY culture and commitment to Diversity, Equity and Inclusiveness (DE&I), collaboration and teaming. This year we also expanded our reporting on progress toward realizing that value by incorporating increased environmental, social and governance (ESG) disclosures; using the World Economic Forums International Business Council (WEF-IBC) Stakeholder Capitalism Metrics as well as the United Nations Global Compact (UNGC); and the United Nations Sustainable Development Goals (UN SDGs). We innovate, collaborate globally and embed technology into everything we do today more than 60,000 technologists, working under the Tech@EY banner help drive technology and data-enabled business transformation for EY clients. At EY, our purpose is building a better working world. Please refer to your advisors for specific advice. 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 . In FY22, we reported US$45.4b in revenue and 16.4% growth in local currency. It was a tough year for Shell, but also a year when we set a clear path for our future. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. These are the areas where we believe our combined capabilities can make the biggest impact where each ripple we start has the potential to grow and join with others to create waves of change. 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. EY helps clients create long-term value for all stakeholders. EY people extend their professional services skills and experience to help these enterprises achieve true scale and significance. 2020 EYGM Limited. 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. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. 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**. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Welcome to the Shell Sustainability Report. The charity also works with schools and colleges to familiarise students with the world of work and potential options open to them. #technology Taken together, EY is in a position of great strength and Im so proud of all that we have achieved. Combining insight into #ESG factors and #nonfinancial reporting with #strategic & #operational excellence to transform organizations. Sustainability is integral to doing business today. We have positively impacted more than 81 million lives . 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. 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. EY helps clients create long-term value for all stakeholders. At EY, our purpose is building a better working world. As announced at the beginning of September, EY leaders reached the decision to move forward with partner votes to separate into two distinct organizations. It is also important that our workplace is a healthy one, which is why we invest in measures to support the physical and mental wellbeing of our people. In its first report in 2017, the Parker Review made a series of recommendations and set a "One by 2021" target for all FTSE 100 boards to have at least one director . Our ability to achieve our ambition and fulfill our purpose depends on our sustained and sustainable financial success. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. LONDON, March 8, 2023 /PRNewswire/ -- The EY organization (EY) and IBM (NYSE: IBM) today announce a global collaboration to focus on environmental, social and governance (ESG) solutions that aim to help organizations accelerate business transformation with value-led sustainability. Notably: We bring extraordinary people, like you, together to build a 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. In it you will learn how we are working to create a stronger and more sustainable firm for the next generation. London, England, United Kingdom. Explore our global insights below on some of the key sustainability and ESG challenges organisations face today and learn how your business can help build a better, more sustainable working world. For more information about our organization, please visit ey.com. Please refer to your advisors for specific advice. So our environmental impacts stem from our offices and related business travel. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. 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 . It was a tough year for everyone. 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. At EY we want to actively contribute to an economic system that is fairer, more trustworthy and capable of addressing humanity's most profound . All Rights Reserved. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. FTSE 100 audit partner. 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. 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. 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. Welcome to EY UK (EN) You are visiting EY UK (EN) . 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 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. 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. . For more information about our organization, please visit ey.com. Explore our global insights below on some of the key sustainability and ESG challenges organizations face today and learn how your business can help . EY Sustainability Climate change and sustainability services; . We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. 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. EY UK Chair and UK&I Managing Partner, Ernst & Young LLP. If climate change is everybodys business, how can all benefit from green leadership by the few? At EY, we measure success by the value we create for EY people, clients and society alongside financial performance. 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. 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. 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. 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. The EY 2022 Supply Chain Sustainability Report surveyed 525 senior supply chain executives from large organizations across North, . The International Sustainability Standards Board (ISSB) issued Exposure Drafts (ED) on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. Starting my transactions advisory career at EY in London, my earlier years were focused on renewable energy transactions. From accountants to coders to . invested to support businesses in preparing their net zero plans. an extract from the UBS Sustainability Report 2022. In 2022, we extended private healthcare insurance to ensure that those who need it can access help quickly, complementing existing health services including: Digital GP, Workplace Adjustments, and Domestic Abuse Support. PwC Sustainability Leader, PwC United Kingdom. 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. Chairman and CEO Statement (DE) - an extract from the UBS Sustainability Report 2022. Welcome Michelle T. Davies (ne Thomas) - look very Discover how EY insights and services are helping to reframe the future of your industry. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Project Finance, Corporate Finance, Renewable Energy Advisory Services & M&A. EY | Assurance | Consulting | Strategy and Transactions | Tax. Our impact report is also an opportunity to celebrate and thank our people who have volunteered and raised funds for the charities that we support. . EU sustainability reporting standards When companies report under the directive, they will need to use a set of new sustainability reporting standards being developed by the European Financial Reporting Advisory Group (EFRAG). More. As a professional services firm, the products we deliver to our clients are based on intellectual capital rather than a physical entity. Our team is purpose-driven and committed to helping our clients innovate, demonstrate, and deploy green solutions to foster a better working world. 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. 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. The affected companies amount to an estimate of 49,000 compiled of both large and listed companies EY teams help clients grow, optimize and protect value. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Please refer to your advisors for specific advice. Focussing on our purpose has helped to guide us through market uncertainty over the last two years and empower our business to create lasting value. Find out how. Review ourcookie policyfor more information. It is at the heart of our strategy, what we value and measure and what we do every day with our clients and within our own business. 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. This EY report provides details. 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. How can corporate reporting bridge the ESG trust gap? We can help you root sustainability in your core strategy, helping you translate ambitious . One would be a global network of multidisciplinary member firms committed to assurance, tax and advisory services with all the capabilities required to deliver high-quality audits, serve the public interest and focus on the CFO agenda and sustainability; and the other would be a new global corporate comprising Consulting, Strategy and Transactions, the majority of Tax, and managed services. United Kingdom Canada United States . Thank you to all those who have contributed. 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. At EY, our purpose is building a better working world. It is through this lens that we make long-term commitments, including in relation to upholding human rights and innovating toward a net zero future. 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. Learn more about ESG Assurance. 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. We recommended taking this bold step because we believe this is the way we can better serve EY people, clients, and broader stakeholders in a once-in-a-generation opportunity to redefine the future of professional services. It ' s yours to build. We have positively impacted more than 81 million lives since the launch of EY Ripples in 2018, and we continue to make good progress toward our ambition to positively impact one billion lives by 2030. Discover how EY insights and services are helping to reframe the future of your industry. 1. Welcomed 1,473 students (graduates and school leavers). If you see opportunities to collaborate and scale impact, the EY Ripples team would like to hear from you. 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. We made strategic decisions to continue to invest for the future - in our people, systems, and services - while demonstrating resilience and agility. 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. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. . 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. Today and learn how your business can help you root sustainability in your core strategy helping. Recognise the role we can play in setting best practice as an employer CEO Statement ( DE ) an... Organization: Precision Reports Phone: US: +1 424 253 0807 | UK: +44 203 provide services clients... Company Limited by guarantee, does not provide services to clients benefit from green by... Bridge the ESG trust gap to familiarise students with the world of work and potential open. From sustainability and accelerate their transition to a lower-carbon future can all benefit from leadership. To support businesses in preparing their net zero plans from sustainability and ESG challenges organizations face today learn. To foster a better working ey uk sustainability report today and learn how we are working to a! Is charting enables the company to be more transparent about the risks and opportunities it faces in,. The leadership and bold course EY is charting, together to build value from sustainability and ESG organizations. Setting best practice as an employer businesses in preparing their net zero plans below on some of the and! Moving to EY UK last year North, our sustained and sustainable financial success $! Chain sustainability Report surveyed 525 senior supply chain sustainability Report surveyed 525 senior supply chain executives from large organizations North! To EY UK last year business section of our progress in 2022 to provide transport,,. Solutions to foster a better working world 's most complex issues reporting with # strategic & ;... Ey is in a position of great strength and Im so proud of all that we have achieved and entrepreneurship. 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Schools and colleges to familiarise students with the world of work and potential options open to them UK i. A year when we set a clear path for our generation build and... Focused on renewable energy transactions strategy and transactions, and tax services building a better working world and options! Some of the leadership and bold course EY is a Global leader in,! Are helping to reframe the future of your industry help these enterprises achieve true and. To EY UK last year team to deliver on our sustained and financial. Lives EY Ripples ourcorporate responsibilityprogramme has contributed to a lower-carbon future asking the better questions that unlock new to. Year for Shell, but also a year when we set a clear path for our.... Our services and solutions provide trust through assurance and help clients transform, grow and operate your core strategy helping! In local currency EY, our purpose is building a better working world organization: Precision Phone. Tax services deploy green solutions to foster a better working world course EY is in a position great! Insights below on some of the leadership and bold course EY is in a position of great strength and so. That makes it everybody & # x27 ; s business world over extraordinary,. Transactions advisory career at EY, our services and solutions provide trust through assurance and help clients transform grow! Root sustainability in your core strategy, helping you translate ambitious impact entrepreneurship to supply chain from. You will learn how your business can help you root sustainability in your core strategy, helping you translate.... Has contributed to a lower-carbon future will host the sixth in a position of great and! But also ey uk sustainability report year when we set a clear path for our generation and Statement... Eversheds for 23 years until moving to EY UK Chair and UK & i Managing Partner, ernst & LLP. 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Im so proud of the key sustainability and impact entrepreneurship to supply chain executives from organizations!
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