After the global organization’s achievement of carbon neutrality in December 2020, EY is continuing its strategy and ambition, committing to the environment and driving long-term, sustainable growth. Key elements of the ambition include:
Promote EY action to positively impact 250 million lives by 2025 and 1 billion lives by 2030.
In FY20, EY invested US$126m in projects dedicated to strengthening our communities and our people contributed over 790,000 hours of service.
One of the ways we build a better working world is through EY Ripples, a program that enables our people to use their skills and knowledge to:
Help impact 15 million youth by 2022, through an association with the Alliance for YOUth. The alliance helps youth build employability skills for the future: Digital, Soft Skills, STEM (Science, Technology, Engineering and Mathematics), Career Advice and Entrepreneurship. This commitment represents an increase from the ambition of 6 million opportunities announced in 2019.
As part of the alliance, contribute to creating 300,000 new job and training opportunities for young people across EMENA by 2025. As part of this, EY has committed to create 100,000 new job and training opportunities and since joining the alliance, has created 72,000 new opportunities.
In 2017, we introduced EY Badges that lets our people earn digital credentials in future-facing skills such as data analytics, design thinking and inclusive intelligence. There are now more than 100 EY Badges to choose from, covering topics such as technology, sustainability and leadership. EY people have already earned more than 70,000 Badges with more than 100,000 Badges underway, with Data Visualization and Digital the most popular.
One of EY’s most anticipated and ambitious learning programs, EY Tech MBA by Hult International Business School makes EY the first organization to offer an entirely virtual MBA for free, for all EY people in 150 countries. With this collaboration, EY will award 1,000 Tech MBAs by FY23.
During the pandemic, virtual learning increased from 31% of total hours in FY19 to 55% in FY20, as EY people made use of the opportunity to develop their skills while they are working from home. In FY20, EY invested over $450 million in formal learning – spend decreased from FY19 because of a reduction in travel when classes were cancelled mid-year due to COVID-19 – and delivered more than 16 million hours of learning.
TRANSFORM: EY collaborates with Unilever and the FCDO through TRANSFORM – a £40m Public Private Partnership – to provide grant funding and business support to impact enterprises to scale, and to contribute research to strengthen the evidence base for business model uptake. As at November 2020, TRANSFORM has:
WGB: EY collaborates with WBG to positively impact the lives of 10m people by 2022. As of November 2020, the collaboration with WGB has resulted in a secondment to the WBG Office of the CEO, to help scale the Women Entrepreneurs Finance Initiative (We-Fi), which takes an ecosystem approach to scaling women entrepreneurs’ access to finance, markets, networks, mentors, technology and information.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.