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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

Global Chairman and CEO, EY

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Mark A. Weinberger

Former Global Chairman & Chief Executive Officer, EY

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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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Planet icon Planet
Principles of Governance icon Principles of Governance
People icon People
Prosperity icon Prosperity

Summary

EY is further committed to tackling climate change by becoming carbon negative in 2021 and reaching net zero in 2025. It will reduce total emissions by 40% – and remove or offset even more carbon than it emits, every year.

Objectives

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.

Metrics & Targets

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:

  • 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.
  • Using nature-based solutions and carbon-reduction technologies to remove from the atmosphere or offset more carbon than EY emits, every year.
  • Investing in services and solutions that help EY clients profitably decarbonize their businesses and provide solutions to other sustainability challenges and opportunities.
  • Requiring 75% of EY suppliers, by spend, to set science-based targets by no later than FY25.

SDG Focus Area(s):

Summary

EY aims to positively impact 250 million lives by 2025 and 1 billion lives by 2030.

Objectives

Mobilize EY people and networks, tapping into their unique skills and knowledge, to create long-term value for society and build a better working world.

Metrics & Targets

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:

  • Work with impact entrepreneurs around the world to scale innovative solutions to global problems
    • At the end of FY20, we had positively impacted more than 34 million people since the launch of our program.
    • EY has delivered over not-for-profit 500 projects with impact enterprises in over 60 countries, focused on scaling and promoting 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.
    • Resources such as EY Velocity and EY Finance Navigator are self-service that impact entrepreneurs can use 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
    • EY signed a global agreement with JA Worldwide (Junior Achievement) in FY19 to pilot new mentoring programs in 17 countries, building upon existing work with them in 9 countries.
    • College MAP (Mentoring for Access and Persistence) is EY signature program that matches EY volunteer mentors (of all levels, backgrounds and service lines) with groups of local high school students. Since 2009, 1,600 EY Professionals have participated as mentors for over 125,000 hours to support more than 1,800 high school and college students. More than $2M has been raised in college scholarships through the EY Foundation since 2013.
    • EY Future Skills workshops support almost 5,000 students across 10 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 and helped scale nearly 100 impact enterprises focused on critical socio-environmental issues.

SDG Focus Area(s):

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.

Objectives

Support younger generations through Alliance for YOUth’s three focus areas:
  1. Providing youth with the necessary knowledge and skills needed to work in the 21st century through learning experiences
  2. Supporting, advocating for and developing educational programs that enable young people to successfully transition from education and training to employment.
  3. Supporting young entrepreneurs and promoting the Entrepreneurial Mindset

Metrics & 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.

SDG Focus Area(s):

Summary

EY commits 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.

Objectives

Equip employees with future-facing skills through our digital credentials program, EY Badges.

Metrics & 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 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.

SDG Focus Area(s):

Summary

EY commits to developing its workforce to navigate unprecedented change and encourage them to never stop learning by awarding 1,000 Tech MBAs by the end of FY23.

Objectives

Develop EY people to navigate throughout unprecedented change and encourage them to never stop learning.

Metrics & 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. With this collaboration, EY will award 1,000 Tech MBAs by FY23.

SDG Focus Area(s):

Summary

EY commits to promoting access to education during the COVID-19 pandemic by increasing consumption of virtual learning to 70% (from 56% of all learning consumed in FY20) by the end of FY21.

Objectives

In 2020, EY completed the global roll-out of a state-of-the-art learning platform which positioned EY to rapidly ramp up delivery of virtual learning during the pandemic. This allowed us to continue to develop EY people and support them in navigating unprecedented change and encourage them to continue learning.

Metrics & Targets

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.

SDG Focus Area(s):

Summary

Unilever, UK FCDO and EY aim to help 100 million people in Africa and Asia gain access to life-enhancing products and services by 2025. EY and the World Bank Group (WBG) have committed to positively impact the lives of 10 million people by 2022.

Objectives

TRANSFORM: Combine public sector resources with private sector capabilities, know-how and networks to develop innovative and sustainable business models which enable 100 million people in sub-Saharan Africa and South Asia to access products and services that improve their health, livelihoods, environment or well-being by 2025. WBG: Collaborate to drive create long-term value for society and build a better working world.

Metrics & Targets

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:

  • Impacted the lives of nearly four million people;
  • Provided grant funding and tailored business support to 56 impact enterprises and research;
  • Assisted 20 business models move towards scale and generated £11.9m in follow on funding;
  • Presented at 25 major conferences to academic and non-academic audiences;
  • Generated over 80 publicly available learnings and insights.

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.

SDG Focus Area(s):

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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.