EY commits to carbon neutrality by end of 2020
Big Four firm EY has announced plans to become carbon neutral by the end of 2020, looking to offset the firm's carbon footprint around the world.
The firm says it will focus primarily on reducing its travel emissions, increasing sustainable procurement practices and purchasing more renewable energy sources, such as wind and solar energy, for its offices. The firm says it also plans to purchase carbon credits to offset its carbon footprint, as well as invest in projects such as reforestation to further reduce carbon emissions.
EY joins other industry organizations, such as the International Federation of Accountants and the Association of Chartered Certified Accountants, who have called for action to address climate change.
“Protecting the planet for future generations is an important issue for EY people and becoming carbon neutral this year is a real step forward on the EY sustainability journey," said Carmine Di Sibio, EY global chairman and CEO, in a statement. "As an organization that spans more than 150 countries, with varying views and ambitions on climate change, we recognize this is no easy feat. However, with over 284,000 EY people who are dedicated to our purpose of building a better working world, EY has a once-in-a-lifetime opportunity to take immediate action to create sustainable, inclusive growth for generations to come.”
EY says the firm will additionally expand its global sustainability strategy, helping clients utilize technology to reduce their own carbon emissions while pursuing sustainable economic growth.
“EY has the potential to become a world leader in sustainable business, and becoming carbon neutral is an important step toward making that a reality," said Steve Varley, EY Global vice chair, sustainability-elect, and EY UK chairman, in a statement. "By supporting a culture of disruptive innovation, EY can find creative solutions that address global environmental challenges and drive growth that is truly sustainable. EY people are a driving force behind our focus on the environment and have sent a clear message that we must work together to build a more sustainable and better working world for EY clients and communities.”