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Sustainability in business | Insights & trends | EY - Global The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Automotive companies can become sustainable while creating long-term value for all their stakeholders. on sustainability, data privacy, harmful ingredients, and product safety. EY | Assurance | Consulting | Strategy and Transactions | Tax. Philanthropy is important, but that isnt what we are talking about. Tackling the interconnected challenges of climate change and social inequality requires systemic change. The automotive industry has become more environmentally friendly in recent years. Almost half now discuss and report on ESG at every meeting, compared with 15% two years ago. 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. Finally, I wish to thank all employees for their formidable efforts in the 2022 financial year. As we collectively face new and unforeseen challenges, creating sustainable value has even greater meaning to our business and that of our clients. Do Not Sell or Share My Personal Information. EY | Assurance | Consulting | Strategy and Transactions | Tax. 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 Sustainability Report Dec 2021 Uploaded by Vikram 0 ratings0% found this document useful (0 votes) 10 views 100 pages Document Information 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. Supply chain executives who have made progress in the sustainability frontier can offer additional insights about leading practices. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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. Our clients constitute a cross-section of Norwegian economy, representing most sectors. 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. 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 is a global leader in assurance, consulting, strategy and transactions, and tax services. Many NGOs believe that if we are to avoid climate catastrophe, we have to buy fewer cars and drive less. EY crisis and mobility teams worked in tandem to provide transport, accommodation, food and medical care. Show article references#Hide article references, 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. 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. 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. Please refer to your advisors for specific advice. It involves a move to business models based on the principles of the circular economy reform, reduce, reuse and recycle. 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. More transparent reporting makes it easier to see and compare the impact companies have, but what would it mean to go beyond compliance and become a good or better corporate citizen? EY | Assurance | Tax | Transactions | Advisory. Consumers are asking sophisticated questions about sustainable sourcing, labor conditions, and why they cant find basic needs on their grocery store shelves. 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. For example, this year we expanded the relationship with Microsoft to increase social equity in the digital economy, providing training and skills development opportunities to support millions of people to enter or re-enter the workforce or build new businesses by 2025. . Millions of electric car batteries will retire in the next decade. Dont let a mistaken trade-off between sustainability and profitability limit your ambitions. What happens to them? But the equation is changing. This includes through global commitments to upholding and promoting human rights, and to innovating toward a net zero future. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. 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. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The transformation that will really change the sustainability equation is broader. Doing whats right and good for our clients, people, communities and the planet is equally good for business. 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. Sustainability must be incorporated stepwise into all areas of the operating model, processes and the organization. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. US Environmental Protection Agency, "Supply chain guidance - information for organizations interested in reducing their supply chain emissions," 4 February 2022. Like what youve seen? What would be possible if you looked for ways to make a positive impact on all the societies and communities in which your business is active? The Board Imperative: Is your people strategy human enough? 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. Additional investments include $1 million each in the National Urban League and the NAACP Legal Defense and Education Fund. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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 The world needs business model innovation that prioritizes social justice, economic inclusion and environmental regeneration. We bring together extraordinary people, like you, to build a better working world. About us Close search Trending Why Chief Marketing Officers should be central to every transformation 31 Jan 2023 Consulting How will CEOs respond to a new recession reality? In South America, its a major contributor to desertification. EY Sustainability Climate change and sustainability services . Discover how EY insights and services are helping to reframe the future of your industry. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. . We have been on a sustainability journey for some time now. Our focus on diversity, equity and inclusiveness is one of our dedicated causes, and we work on several fronts to succeed in creating the industrys most inclusive workplace. What does creating long-term value mean? Own your future, dont just respond to whatever your regulators or competitors are doing. As leaders look to the future, its essential that they identify and challenge every assumption about what is probable and possible and how the organization they run today might create value tomorrow. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Hear from impact entrepreneurs, government officials and key strategic collaborators on how we all can accelerate impact at scale. All Rights Reserved. EY Sustainability Climate change and sustainability services; . Any kind of transformation will always create complex business and technical problems that need the best mix of insight, skills, attitudes and experience to solve. It is even more important to our people, communities and future generations. Indeed, at some point organizations will stop talking about sustainability, because sustainability will just be normal business. We help to create long-term value for clients, people and society, and to build trust in the capital markets. Weve seen a fundamental shift over the last few years in the way people in the auto industry talk about sustainability. Get laser-focused on breaking down long-term plans into daily action. View our latest US FY17 Sustainability Report. 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. 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. 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. However, financial performance is not the only benefit to expect. Environmental sustainability is an essential component of inclusive growth. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Is AI the start of the truly creative human? the score for coverage of TCFD recommendations was 84%, a steep increase from 70% in 2021. Creating long-term value for EY people also means keeping them safe. At EY, our purpose is building a better working world. Lauren Rogge, Principal, Ernst & Young LLP, Cate Mork, Senior Manager Ernst & Young LLP, and Paul Barsch, Assistant Director, Ernst & Young LLP, also contributed to developing this article. Country Managing Partner, Nordic Chief Sustainability Officer, EY Norge. We actively participate and support various initiatives to contribute to make a difference, such as our cooperation with Sammen om en jobb [Together for a job]. 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. For us it has been of utmost importance this year to ensure that all our employees are well looked after at work. Is AI the start of the truly creative human? 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 US Sustainability Impact: Reporting progress for EY US in 2021. 3 tips for financial resiliency and business survival. Staying ahead of ESG regulations on a global scale can be a challenge but, businesses cannot risk falling behind on supply chain policies. If you put your suppliers under intense pressure to keep costs down, will they make enough profit to invest in reducing their carbon footprint or in paying decent wages? 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. . The insights and quality services we deliver help build trust and confidence in the capital markets and in economies . Global sales of internal combustion engine (ICE) vehicles are predicted to be below 1% by 2040.5. How can reimagined mobility help organizations see reward and not risk? By contributing with support and mentors to a mentor program across cultures, we hope to create valuable relations and a more future-oriented working life. 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 The Future of Sustainability Reporting Standards 2021 | PDF This includes through global commitments to upholding and promoting human rights, and to innovating toward a net zero future. 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. All citizens in a society have valuable competence,because different perspectives together can contribute to unique solutions. Expand your ROI measurement to include intangible impacts and sustainability outcomes. EY Value Realized shows how were delivering on our purpose, the progress were making, the impact of our work in 2021 and what more well do tomorrow as we continue to build a better working world. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. 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. 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. Discover how EY insights and services are helping to reframe the future of your industry. All our service lines are performing well and continue to deliver value for our clients, colleagues and society. Upvote. Show resources. EY | Assurance | Consulting | Strategy and Transactions | Tax. To be a sustainable business means we actively think about our role and act accordingly in society now and for the future. In the longer term, three to five years, 54% of respondents expect increased share price or other indicators of shareholder value. Systemic dots connector. About EY. We bring together extraordinary people, like you, to build a better working world. We make critical commitments in sustainability and ESG efforts to be better stewards of stakeholder value. We are proud of the steps we have taken so far, but the sustainability transformation has just begun. When will climate disclosures start to impact decarbonization? Technology, media & entertainment, and telecommunications. Finally, they are most likely to use sustainable supply chains to safeguard their corporate brand (33% compared with 14% of the group overall). EY remains carbon negative and advances toward net zero in 2025. For more information about our organization, please visit ey.com. This is now complete. What are the practical implications for what you are doing and how you are thinking now? Based on your overarching strategy, well help redefine your end-to-end supply chain and operations to support your enterprise objectives. 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 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 bring together extraordinary people, like you, to build a better working world. 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. View our latest US FY17 Sustainability Report. Contact information99 Sustainability report 2021 3 Focusing on sustainability is a vital element of building a better working world. Environmental and social issues are ultimately issues of governance. Additional ways in which we track our efforts in sustainability include our annual EY US DEI report, Building a more equitable working world, as well as our Transparency Report 2021 and our 2022 audit quality report. Decarbonization represents just one aspect of the transformation needed to make the automotive industry sustainable. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. They are core activators for organization-wide sustainability goals and commitments. The wind farms are expected to be operational in summer 2020. 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. Review ourcookie policyfor more information. EY is committed to building a better working world one that creates sustainable and inclusive economic growth. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. 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. Ski enthusiast. EY Global Trade Leader - Indirect Tax; Partner, Indirect Tax, Ernst & Young Belastingadviseurs LLP. They can significantly or moderately peer into Tier 2 and 3 supply networks. 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. 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. Husband and father of two. Link copied Upvote. Executives are working toward efficient use of natural resources, decarbonization, ethical sourcing and fair trade as part of their larger focus on ESG initiatives. 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. 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. Results driven. When you get your oil changed, could you also get other parts of your vehicle replaced, recycled and reused, such as the glass in your windscreen or the leather in your seats? For more information about our organization, please visit ey.com. Could you make pro-social activity a visible and tangible part of your business model? Review ourcookie policyfor more information. EY Americas. Further . Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. But as you achieve and report the positive impact you are making and how valuable this is, you will build internal support and commitment and attract more investment. EY | Assurance | Consulting | Strategy and Transactions | Tax. 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. Annual & Sustainability Report 2021/2022; Corporate Responsibility; Performance and impact; Newsroom; Locations; Connect with us; Webcasts; Events; Spotlight Corporate Responsibility; . By EY . 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. In cooperation with SHE Community, we have also published the fifth edition of SHE Index Powered by EY, where one focus area is gender balance at management level.

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