EY commits to carbon neutrality by end of 2020

Written by: Maddie Ballard | Published:
The company is planning measures to both reduce and offset its carbon emissions

EY has pledged to be carbon neutral globally by the end of 2020, the first Big Four organisation to do so.

The finance giant will meet its target by both reducing and offsetting its carbon emissions.

Planned measures include reducing travel emissions, practising sustainable procurement, and purchasing more renewable energy to power EY offices.

The company will also purchase carbon credits to offset its footprint and invest in projects that reduce emissions or remove carbon from the atmosphere, such as reforestation initiatives.

EY has also announced that it will expand its global sustainability strategy to focus on helping clients reduce their own emissions – while maintaining sustainable economic growth.

Carmine Di Sibio, global chairman and chief executive of EY, said: “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.

“As an organisation that spans more than 150 countries, with varying views and ambitions on climate change, we recognise 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’s commitment is the latest in a series of actions the company has taken to reduce its environmental impact, including decreasing office energy emissions by over 11% between financial year 2017 and financial year 2019, and introducing a global supplier code of conduct and procurement environmental criteria.

EY UK is also currently in the process of contracting with a solar farm developer and seeking to sign a 10-year agreement for its entire UK power demand.

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