Global advisory services firm EY has announced plans to become carbon neutral globally by the end of 2020.
The advisory firm has become the first of the big four to announce plans to go carbon neutral globally.
The firm will also support its clients in their sustainability plans.
To become carbon neutral, the firm plans to:
- Reducing travel emissions
- Engage in sustainable procurement practices
- Expand its renewable energy capacity powering its offices
Works include the company’s recent virtual power purchase agreement to finance and construct two large scale wind energy projects in Texas.
- The firm is the process of signing a 10-year agreement to power its UK offices with 100% renewable energy.
- Purchase carbon credits to offset its carbon footprint and invest in sustainability programmes, including in reforestation projects.
In India, EY has planted 1 million trees since 2010 and in a number of countries, including in Costa Rica, the firm has already achieved carbon neutrality.
Carmine Di Sibio, the global CEO 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 .. sustainability journey. 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 … people who are dedicated to our purpose of building a better working world, [we have a] once-in-a-lifetime opportunity to take immediate action to create sustainable, inclusive growth for generations to come.”
Steve Varley, global vice chair – sustainability-elect and UK chairman, added: “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. By supporting a culture of disruptive innovation, [we] can find creative solutions that address global environmental challenges and drive growth that is truly sustainable. [Our] 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 [our] clients and communities.”