Ernst & Young Corporate Responsibility Report

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MOSCOW, 15 December 2011 – Ernst & Young has published its first corporate responsibility report covering the 2011 financial year and highlighting the company's activities in the Russian Federation.

In his opening message, Alexander Ivlev, EY Country Managing Partner for Russia, emphasizes that the company's top priority is "not only to provide services of the highest quality but to achieve the potential of all people we work with. This is how we see our mission — to make the world a better place". The Report is aimed at developing innovative dialogue between the company and its stakeholders, and enhancing performance. Ernst & Young's global corporate responsibility strategy based on 3Еs (Environment, Education, Entrepreneurship) is consistently implemented in Russia. The Company plans to take further specific actions and measures in these areas.

The Report consists of three mains sections: Strategy, Leadership and How we do it – and tells of the company's efforts to implement its corporate responsibility mission and strategy.

In the Strategy section, Alexander Ivlev mentions the specifics of company management: "One thing that sets Ernst & Young apart from comparable international audit and advisory firms on the Russian market is that nearly all our top managers are Russian. Fifty-six percent of our partners are Russian. Only 23% of partners are women, but this figure is an improvement over the year before".

The Leadership section is devoted to how Ernst & Young contributes to improving the business environment. In particular, the company is a member of the Foreign Investment Advisory Council (FIAC) chaired by Russian Prime Minister Vladimir Putin. Ernst & Young Chairman and CEO James Turley is coordinator of FIAC's foreign members. The company participates in the annual St. Petersburg International Economic Forum (SPIEF). Its representatives were actively involved in a number of SPIEF 2011 events, including meetings with Russian President Dmitry Medvedev. In September 2010, Ernst & Young supported the International Investment Forum in Sochi which united politicians, statesmen, company executives, famous scientists and representatives of mass media from around the world. Besides, the company regularly participates in the work of the International Business Leaders Forum (IBLF).

Ernst & Young regularly publishes new surveys and newsletters on a variety of socially relevant subjects, such as anti-fraud and corruption strategies, business efficiency, risk management, investment decision-making, recommendations on enhancing the tax system, effective use of new technologies and development of production. Ernst & Young participates in the work of the Social Responsibility Workforce under the Federal Technical Regulation and Metrology Agency, the Russian Green Building Council (RuGBC), the Public Chamber of Russia, and other organizations.

In the How we do it section, Vitaly Pyltsov, CIS Chief Operating Officer notes: "Thanks to its international experience, Ernst & Young has always been and continues to be a professional talent foundry".

The Welcome to Ernst & Young program introduces new joiners to our company and its activities. Developing its people, the company compensates education costs involved in obtaining professional qualifications ACCA, ACA, CPA, CFA, ASA, CIA, CFE, AMCT, CISA, as well as official Russian qualification certificates. The company provides free professional training. It also has a language center which offers employees for a small additional charge language courses taught by professionals.

Ernst & Young is now actively working to create a greener office environment and reduce our own carbon footprint. In particular, this program includes the following initiatives:

  • separate collection of paper waste
  • default double-sided printing on all printers
  • electronic document flow system.

Ernst & Young assists orphanages, healthcare institutions and other socially relevant organizations. In 2011, the company supported the Medical Center for Children opened by the Gift of Life (Podari Zhizn) Foundation. Ernst & Young employees are active in volunteer work, and further development of volunteering is among the company's main tasks in promoting corporate responsibility.

The first corporate responsibility report is the starting point for new positive changes both within and beyond our company. We look forward to your feedback: proposals and comments will appear in the next corporate responsibility reports which Ernst & Young plans to publish annually.

About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young expands its services and resources in accordance with clients’ needs throughout the CIS. 4,000 professionals work at 18 offices in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Togliatti, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk.

For more information about our organization, please visit www.ey.com.