Corporate Governance

EY commits to net zero by FY25 and $10bn firm-wide investment

The group also reported a 60% reduction in company-wide emissions during FY21 as a part of its ‘EY Value Realised’ report of progress towards measuring positive global impact

EY has announced a commitment to achieve net zero by FY25 alongside plans to invest $10bn over the next three years on audit quality, strategy, technology, and people.

The group also reported a 60% reduction in company-wide emissions during FY21 as a part of its ‘EY Value Realized’ report of progress towards measuring positive global impact.

Replacing its previous ‘EY Global Review’, the inaugural report highlighted the integration of ESG standards into its business strategy during FY21, as well as future goals at the group.

Reporting against the World Economic Forum-International Business Council Stakeholder (WEF-IBC) Capitalism Metrics, the measures include four key principles of governance, the planet, people, and prosperity.

EY claimed that during the financial year, 36% of new partner promotions were women, while 59 hours of training was delivered on average per employee and 20 million lives were “positively impacted” through its corporate social responsibility programme.

Carmine Di Sibio, global chairman at EY, said: “Businesses should create value for all their stakeholders, as well as their shareholders. 

“This has been demonstrated through EY carbon reduction ambitions, the training and experiences that EY people are offered, and EY Ripples, the corporate responsibility program that has positively impacted the lives of millions of people around the world.”

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