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. We are committed: The EY Global Environmental Statement demonstrates our commitment to our people, and the communities where we live and work, that we will operate in a more responsible manner. And although increased end-to-end supply chain visibility is a top priority, it remains a work in progressonly about fourin 10 respondents (37%) have seen increasing visibility. The Verdantix report also highlights our long history of engagement with the C-suite on ESG and sustainability initiatives and our ability to offer strategic advice across a broad range of areas. EY helps clients create long-term value for all stakeholders. We have an exciting future ahead. Every major OEM has launched or scheduled EV models, and some are aiming to be completely electric in the next 1015 years. It is assumed that the voting, which will take place on a country-by-country basis, can be finalised in early 2023. EY is one of the leading global professional service organizations delivering assurance, consulting, strategy and transactions, legal advice and tax services. In FY22, we reported US$45.4b in revenue and 16.4% growth in local currency. . As proponents of stakeholder capitalism, we believe in creating value for everyone. 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 bring together extraordinary people, like you, to build a better working world. Review ourcookie policyfor more information. Can we avoid gridlock on the road to carbon neutrality? This article explores the top three findings from the survey to support executives in achieving their sustainability goals. For EY people, it means giving them the experiences, training, skills and support they need to build a career that is unique to them. EY Sustainability Climate change and sustainability services; . How can we boost consumer confidence? Digital tools, data analytics and collaboration platforms help organizations capture metrics, set key performance indicators and establish governance. Thats why we continue to invest in ESG and expand our sustainability-focused services to meet the growing demands of our clients and community. Executives are working toward efficient use of natural resources, decarbonization, ethical sourcing and fair trade as part of their larger focus on ESG initiatives. The world needs critical thinkers and creative problem-solvers, ready to collaborate on solving societys toughest challenges. EY | Assurance | Tax | Transactions | Advisory. . Sustainability professional. 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. Develops and drives strategies. 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. This report is one of many ways we share our progress in our sustainability journey and how we assist our clients in theirs, while we hold each other accountable, measuring and reporting on ESG standards. We bring together extraordinary people, like you, to build a better working world. View our latest US FY17 Sustainability Report. We are pleased to present the 2021 EY US Sustainability Impact Report of Ernst & Young LLP (EY US or the Firm), which reaffirms our commitment to creating, protecting and measuring sustainable value for our clients, our people, society and the planet. We are measuring and publicly reporting our progress: Working with our own in-house Climate Change and Sustainability Services (CCaSS) practice, we measure our global carbon footprint annually and report our environmental impact via the United Nations Global Compact (UNGC). . having been a top-two priority for them in 2021 and 2019. Creating long-term value for society means having a positive impact on the planet and on the communities in which we live and work. 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, 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. If climate change is everybodys business, how can all benefit from green leadership by the few? Discover how EY insights and services are helping to reframe the future of your industry. Copyright: All Rights Reserved Available Formats Download as PDF, TXT or read online from Scribd Flag for inappropriate content Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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. EY | Assurance | Consulting | Strategy and Transactions | Tax. This includes through global commitments to upholding and promoting human rights, and to innovating toward a net zero future. Ski enthusiast. Moreover, 43% expect increased share price from their efforts in the next one to three years. The report recommends our Firm to corporate bodies seeking a consultancy organization to manage multiple types of ESG and sustainability engagements, as well as to multinational organizations wishing to develop and meet ESG targets. Finally, they are most likely to use sustainable supply chains to safeguard their corporate brand (33% compared with 14% of the group overall). Globally, for example, the industry uses about 30% of the leather hide produced in Brazil,4 which has been a primary cause of rainforest depletion in the Amazon. EY sustainability and ESG strategy teams can help you create long-term value through strategy, M&A, capital allocation, ESG due diligence and portfolio optimization. Asking the better questions that unlock new answers to the working world's most complex issues. In this episode of the Better Heroes podcast series, host Matt C. Smith talks to Travin Singh, Founder and CEO of CRUST Group about reducing food waste. We bring together extraordinary people, like you, to build a better working world. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. One example is the rapid transition to electric vehicles. Technology, media & entertainment, and telecommunications. 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. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. EY Global Deputy Vice Chair, Sustainability The key here is helping young people leverage innovative practices from other countries and regions so they can move forward This makes sound business sense and addresses urgent global requirements. By EY . Husband and father of two. We entered into a renewable energy virtual power purchase agreement in 2019 to finance and construct two new large-scale wind farms. 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. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. 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. Discover how EY insights and services are helping to reframe the future of your industry. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. An infographic explaining how reusing and recycling batteries can, by 2030, reduce the annual demeand for raw materials by 7%. Asking the better questions that unlock new answers to the working world's most complex issues. Learn more here. This spring we launched BIEN EY Norways internal sustainability forum, where the members learn from each other, share knowledge and experience, engage and inspire to launch new sustainability initiatives. EY is a global leader in assurance, tax, transaction and advisory services. The automotive industry has become more environmentally friendly in recent years. It doesnt have to be a tradeoff between doing the right thing and making a profit. Get in touch to learn more. Accelerating environmental sustainability, How to broaden access to future-focused skills, EY Unstoppables: Three entrepreneurs share inspiring success stories, How to navigate global sustainability compliance challenges. To reap the benefits now and in the long term, companies should align to science-based targets and begin work to define and achieve those goals. 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. 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 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. Find out how. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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 continue to bring the best of EY (service lines, sector knowledge and our ecosystem of alliances) to meet clients increasingly complex needs, particularly around their transformation challenges, and help them adjust to a fast-changing and dynamic world. Indeed, at some point organizations will stop talking about sustainability, because sustainability will just be normal business. Supply chain executives who have made progress in the sustainability frontier can offer additional insights about leading practices. 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. 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. It empowers EY people to devote their time to SDG-focused projects that apply their skills in different contexts, and help them develop as more inclusive leaders with a deeper understanding of the challenges facing low-income and marginalized communities. EY helps clients create long-term value for all stakeholders. How might you redefine affordability in a way that includes sustainability? Ey Sustainability Report Dec 2021 | PDF | Sustainability | Strategic Management ey-sustainability-report-dec-2021 - Read online for free. Six essentials for mainstream EV adoption, Why tax governance is key in an era of more tax risk and controversy, Select your location Close country language switcher. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, EY Nexus: business transformation platform, 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 Bayer closed the distance globally between planning and activating, How Plaza Premium Group reshaped airport hospitality for a new generation, How a government struggling with debt navigated towards a brighter future. That is, after 100,000 miles of usage, 75% of EV batteries can still be used for other purposes. Six essentials for mainstream EV adoption, Why tax governance is key in an era of more tax risk and controversy, Select your location Close country language switcher. EY strongly opposes these incidents. Improve the visibility and traceability of your supply chain. Read . 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. Technology, media & entertainment, and telecommunications. Discover how EY insights and services are helping to reframe the future of your industry. EY sustainability and ESG strategy teams can help you create long-term value through strategy, M&A, capital allocation, ESG due diligence and portfolio optimization. While coverage scored highly, the . For more information about our organization, please visit ey.com. EY teams 2022 survey reveals that visibility throughout the supply chain is this years top priority for supply chain executives, having been a top-two priority for them in 2021 and 2019. Its not possible to list the assumptions that people need to question and, if needed, let go of, because they will be different for each organization. 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 recognize that our responsibility to minimize the environmental impact of EY business operations extends to EY people and clients and to the wider communities in which we all live. 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. For more information about our organization, please visit ey.com. Leverage available tax incentives and grants. Just as supply chains began normalizing, Russia's invasion of Ukraine caused the . We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Four actions business leaders can take now to embrace long-term value creation, Select your location Close country language switcher, EY Americas ESG and Sustainability Supply Chain Leader. 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. Explore our global insights below on some of the key sustainability and ESG challenges organizations face today and learn how your business can help build a better, more sustainable working world. 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. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 10 years of experience in the auto sector. This is a step-by-step process that cant happen overnight. It is even more important to our people, communities and future generations. 1 ranking on its Top 50 Companies for Diversity List, hours of service by 11,700+ EY US volunteers, reduction of Scopes 1 and 2 carbon emissions compared to FY20, favorite brand among professional services firms, new strategic alliances established over past two years, Lowest global PCAOB deficiency score of Big Four, public companies audited, with 18.8% of US public company audit hours generated by EY US professionals, of US teams using EY Canvas, our online platform that enhances efficiency for our clients while reducing environmental impact, invested by the US over the past two years in new technology solutions, client services and innovation, with plans for continued investment going forward. EY | Assurance | Consulting | Strategy and Transactions | Tax. The industrys performance has long been a function of how many vehicles are sold each year. Through the EY Ripples program, EY people are devoting their time to SDG-focused projects, bringing together the combined skills, knowledge and experience of the global EY network in pursuit of one shared vision: to positively impact one billion lives by 2030. In the social space, several large auto companies have taken a proactive approach to addressing human rights abuses and promoting better pay and conditions in their supply chains. Like what youve seen? Trailblazers have an extreme focus on transparency. How do you move long-term value creation from ambition to action? How do you move long-term value creation from ambition to action. How do you move long-term value creation from ambition to action? 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. The companies that will thrive are those that welcome the responsibility to transform and lead from the front. Helping companies transform, create value and optimize business performance. Business case initiatives for sustainability stretch beyond cost savings to increased revenue, customer loyalty and share price. 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. Staying ahead of ESG regulations on a global scale can be a challenge but, businesses cannot risk falling behind on supply chain policies. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Review ourcookie policyfor more information. EY people extend their professional services skills and experience to help these enterprises achieve true scale and significance. Asking the better questions that unlock new answers to the working world's most complex issues. Technology, media & entertainment, and telecommunications. We bring together extraordinary people, like you, to build a better working world. Environmental and social issues are ultimately issues of governance. Review ourcookie policyfor more information. Brands more focused on affordability might need to challenge some of their assumptions about the relationship between costs and sustainability in the supply chain. When we do what we say and are accountable to our values and all our stakeholders, we help build trust and confidence in the capital markets and in the US economy, and beyond. 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. This is where impact enterprises already live. 2019 EYGM Limited. Learn more. But it does mean you should create a vision and strategy for your future that authentically reflects the heritage of your business and what it does well today. EY Americas. In Norway we are more than 2100 colleagues across 27 geographic locations. 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. EY teams help clients grow, optimize and protect value. EY Sustainability. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The EY Ripples program and EY teams are earning worldwide recognition from clients and collaborators for the impact theyre making. To succeed in the future, companies must embrace a comprehensive ESG agenda, encompassing an ever-growing range of environmental and social issues. Read the report on our progress in building a better working world by creating long-term value for our people, clients and wider society. Our ability to achieve our ambition and fulfill our purpose depends on our sustained and sustainable financial success. 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. With action needed across so many interconnected issues, fatigue and inertia can quickly set in. Together with clients and other like-minded organizations, EY people use their distinctive skills, knowledge and experiencetobring positive change across three focus areas: supporting the next generation workforce, working with impact entrepreneurs and accelerating environmental sustainability. EY Switzerland Sustainability Report 2021 describes our ESG performance in the past financial year along material topics defined by the Global Reporting Initiative Standard. Innovation is at the core of a future-oriented business. 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. 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. 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. For more information about our organization, please visit ey.com. 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. EY helps clients create long-term value for all stakeholders. Almost half now discuss and report on ESG at every meeting, compared with 15% two years ago. Even though this year also was partially impacted by Covid-19, we have prepared well for the future having introduced our hybrid working model more than a year ago. Many EVs are expected to reach their end-of-lifetime in the 2030s:8 how will we manage to deal with this surge? We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, EY Nexus: business transformation platform, 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 Bayer closed the distance globally between planning and activating, How Plaza Premium Group reshaped airport hospitality for a new generation, How a government struggling with debt navigated towards a brighter future. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Is AI the start of the truly creative human? 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. How can better sustainability reporting mobilize companies and capital? All Rights Reserved. For more information about our organization, please visit ey.com. New technologies, buzzwords, problems, opportunities, targets and competing internal projects can make it feel like too much is happening at the same time. "And if it is the right thing to do, they still need . Automotive companies can become sustainable while creating long-term value for all their stakeholders. Many NGOs believe that if we are to avoid climate catastrophe, we have to buy fewer cars and drive less. Nature lover. Our steadfast determination to create trust is rooted in transparency. Of course, this proposal represents a significant change. As a leading provider of climate change and sustainability services, the EY organization extends the value of its knowledge and experience to help accelerate adoption of new models, technologies and behaviors that protect and regenerate the environment. 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. The fourth EY Global Climate Risk Barometer reveals that companies are still not translating climate disclosures into concrete actions. Through these efforts, we are expanding our commitments to advancing awareness and driving meaningful change in our communities. I look forward to the opportunities ahead, and to building an even better working world. Creating long-term value for EY people also means keeping them safe. We have been on a sustainability journey for some time now. We help to create long-term value for clients, people and society, and to build trust in the capital markets. Anja Vanhatalo EY Sweden internal sustainability lead 4Sustainability report 2021 Who we are Welcome the responsibility to transform and create a vision for your future. 3 tips for financial resiliency and business survival. Our financial ambition is to be the professions long-term growth leader and ensure that we adapt and find new ways to grow. Please refer to your advisors for specific advice. EY Sustainability. About EY. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The 2022 financial year was also characterised by unrest and uncertainty, reflecting the society in which we live. Doing whats right and good for our clients, people, communities and the planet is equally good for business. EVs sales are expected to surpass new car sales of other powertrains in Europe by 2027. The Energy Consumer Confidence Index reveals that the impact of the energy transition is hitting home. The Board Imperative: Is your people strategy human enough? Cost reduction: reducing material waste, improving efficiency and reducing their carbon footprint, Revenue growth: examining how a sustainable supply chain can affect market share, stock price and profitability, Risk management: managing regulatory and compliance risks, and building resilient sourcing strategies, Intangibles: exploring how sustainability improves customer loyalty, brand reputation, innovation, employee quality of life and retaining talent. What does creating long-term value mean? Asking the better questions that unlock new answers to the working world's most complex issues. 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. Since the program was launched in 2017, more than 280,000 EY Badges have been awarded. EY is committed to enhancing trust and confidence in the capital markets and having a positive impact on communities and the planet. Owner of three dogs. Deadlines for social and . Please refer to your advisors for specific advice. (Norwegian) Format Climate Change and Sustainability Services (CCaSS). Our commitment to creating, protecting and measuring long-term value is emblematic of our purpose: 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. Global sales of internal combustion engine (ICE) vehicles are predicted to be below 1% by 2040.5.
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