At EY, our purpose – the reason we exist – is Building a Better Working World.
Our purpose is the distillation of everything we do and provides the context and deeper meaning for the daily work of almost 300,000 people around the world. Every question we ask helps create answers solving some of the world’s and our clients’ toughest issues.
In a better working world, trust and confidence increase, so investors make informed decisions and capital flows smoothly. Businesses grow, employment rises and consumers spend. The economy expands and governments re-invest in their citizens. People from all backgrounds can develop their talent and leadership to realize their full potential. Importantly, a better working world fosters inclusive growth, where everyone can contribute to and share in the benefits of sustainable economic development. We work with like-minded individuals and organizations to use our knowledge, skills and experience to help to reach that goal and positively change people’s lives.
Carmine Di Sibio
We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use
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Summary
EY is committed to tackling climate change, having achieved carbon negative in 2021 and pledging to reach net zero by 2025. It will reduce total emissions by 40% – and remove or offset even more carbon than it emits, every year.
Activities & Initiatives
EY is committed to tackling climate change by reducing our absolute GHG emissions from the atmosphere which will see us reach net zero in 2025. And from 2021, EY will remove or offset even more carbon than we emit, every year.
Measures & Targets
After the global organization’s achievement of being carbon negative in 2021, EY is continuing its strategy and ambition, committing to the environment and driving long-term, sustainable growth. Key elements of the ambition include:
- Reducing business travel emissions by 35% by FY25 against a FY19 baseline.
- Reducing overall office electricity usage and procuring 100% renewable energy for remaining EY needs, earning membership to the RE100, a group of influential organizations committed to renewable power, by FY25.
- Structuring electricity supply contracts, through virtual power purchase agreements (PPAs), to introduce more electricity than EY consumes into national grids.
- Providing EY teams with tools that enable them to calculate, then work to reduce, the amount of carbon emitted when carrying out EY client work.
Summary
EY aims to positively impact 250 million lives by 2025 and 1 billion lives by 2030.
Activities & Initiatives
Enable EY people to connect and create networks, tapping into their unique skills, knowledge and experience, to create long-term value for society and build a better working world.
Measures & Targets
Promote EY action to positively impact 250 million lives by 2025 and 1 billion lives by 2030. At the end of FY22, we had positively impacted more than 81 million people since the launch of our program.
In FY22, EY invested US$159m in projects dedicated to strengthening our communities and our people contributed over 1,123,000 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:
- Work with impact entrepreneurs around the world to scale innovative solutions to global problems
- EY has delivered over 650 consulting projects to support impact enterprises in over 60 countries on a not-for-profit basis, focused on scaling market-based solutions providing off-grid renewable energy, clean water and sanitation, sustainable products, gender equality and other SDG-aligned missions.
- EY collaborates with leading impact investors and entrepreneurship networks around the world to provide a variety of skills development and coaching programs for impact entrepreneurs.
- EY has launched self-serve resources for impact entrepreneurs such as EY Velocity and EY Finance Navigator to build financial plans, make cash flow projections and understand the drivers of growth for their businesses.
- Support the next generation to develop mindsets and skills to find and sustain meaningful work
- Through EY Ripples, hundreds of EY employees volunteer to teach Junior Achievement’s foundational programs in entrepreneurial and financial literacy skills to nearly 39,532 students in over 29 countries in FY22
- College MAP (Mentoring for Access and Persistence) is one of EY’s signature programs. It matches EY volunteer mentors (of all levels, backgrounds and service lines) with groups of local high school students. Since 2009, more than 1,800 EY Professionals have participated as mentors, contributing over 125,000 hours to support more than 3,615 high school and college students across 35 US cities. More than $5.5M has been raised in college scholarships through the EY Foundation since 2013.
- EY Future Skills workshops support almost 7,000 students across 24 countries through in-person and virtual provision spanning topics such as environmental literacy, emerging technology, financial literacy and entrepreneurship.
- Accelerate environmental sustainability by driving adoption of business models that protect and regenerate the environment, while unlocking economic opportunity
- EY people have dedicated time and skills to accelerate environmental sustainability through the EY Ripples program through over 500 initiatives focused on internal and community projects that protect and regenerate the environment.
Summary
EY committed to equipping employees with future-facing skills by awarding a total of 200,000 EY badges, certifications for skills/training in digital skills, by the end of FY22.
Activities & Initiatives
Equip employees with future-facing skills through our digital credentials program, EY Badges.
Measures & Targets
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 250 EY Badges to choose from, covering topics such as technology, sustainability and leadership. EY people have already earned more than 280,000 Badges with more than 250,000 Badges underway, with Data Visualization and Data Integration the most popular.
Summary
EY commits to developing its workforce to navigate unprecedented change and encourage them to never stop learning. Through the EY Tech and Sustainability MBA programs we expect more than 250 graduates in the coming fiscal year.
Activities & Initiatives
Develop EY people to navigate throughout unprecedented change and encourage them to never stop learning.
Measures & Targets
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.
Summary
EY commits to promoting access to education by increasing consumption of virtual learning by the end of FY23.
Activities & Initiatives
Building on the virtual learning infrastructure EY developed in 2020, EY delivered more than 20 million hours of learning globally in FY22. This allowed us to continue to develop EY people and support them in navigating unprecedented change and encourage them to continue learning.
Measures & Targets
During FY22, virtual learning increased from 90% of total hours in FY21 to 93% in FY22, as EY people made use of the opportunity to develop their skills while they are working from home. In FY22, EY invested over $290 million in formal learning.
Summary
EY collaborates with Unilever and the UK’s FCDO through the £90m TRANSFORM program to deliver market-based solutions to the world’s biggest development challenges with the goal to impact 15 million lives by 2025.
Activities & Initiatives
Established in 2015, TRANSFORM is a unique joint initiative between Unilever, the UK’s Foreign, Commonwealth and Development Office (FCDO) and EY which provides grant funding and business support to impact enterprises in sub-Saharan Africa and South Asia to deliver market-based solutions to the world’s biggest development challenges. EY contributes senior representation on the TRANSFORM executive committee and management team to provide strategic direction and program management, in addition to pro-bono consulting support to TRANSFORM enterprises in the form of capacity building projects.
Measures & Targets
TRANSFORM aims to provide grant funding and business support to 75+ impact enterprises to positively impact 15m low-income people with sustained improvements in health and wellbeing, livelihoods and the environment by 2025. The program also aims to crowd in £100m of follow-on capital for TRANSFORM-funded enterprises by 2025 in order to drive impact at scale through business model uptake.
As of August 2022, TRANSFORM has:
- Impacted the lives of seven million people across 15 countries with 74% of direct beneficiaries categorized as “marginalized” (women, rural, low-income)
- Supported over 75 projects that have either developed innovative business models and/or conducted research
- Generated over £30m follow-on capital for TRANSFORM-funded enterprises, with over 20 business models now transitioning towards scale
- Built a strong evidence base of over 90 outputs and eight peer-reviewed papers on behavior-change-led interventions to improve the lives of low-income groups, disseminated at more than 30 major conference presentations.
Summary
EY STEM App is an innovative gamified mobile platform for girls aged 13—18 that aims to inspire and support them in STEM to create a more equitable future. In the coming year, we aim to engage 100,000 users through the platform by 2022.
Activities & Initiatives
The STEM App features modules and activities focused on science, such as climate change or space exploration; technology, such as artificial intelligence (AI), 3D printing or blockchain; the future of work and skills that may be required for future, yet-to-be-defined jobs; and inspirational stories of women in STEM.
Measures & Targets
The EY STEM App plans to engage 100,000 users by the end of 2022, with a little over 27,000 users now.
Summary
EY will help impact 15 million youth by 2022, through its association with the Alliance for YOUth, a business-driven movement of 21 international private companies, passionate about building a better future for younger generations.
Activities & Initiatives
Support younger generations through Alliance for YOUth’s three focus areas:
- Providing youth with the necessary knowledge and skills needed to work in the 21st century through learning experiences
- Supporting, advocating for and developing educational programs that enable young people to successfully transition from education and training to employment.
- Supporting young entrepreneurs and promoting the Entrepreneurial Mindset
Measures & Targets
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.
Sign up your company
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.
