EY to bolster climate change and sustainability services team with acquisition

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Tuesday 26 August 2014  - EY has moved to acquire Australia’s leading dedicated sustainability consulting firm, Net Balance.

EY Asia-Pacific Climate Change and Sustainability Leader Mathew Nelson said the addition of Net Balance, including the company’s founder and Director Terence Jeyaretnam, to EY’s Assurance practice is an exciting development for the firm.

“This will see EY Australia’s national dedicated Climate Change and Sustainability Services team grow to more than 90 people and become Australia’s leading advisors in the areas of sustainability strategy, reporting and assurance, social impact, carbon, energy, health, safety and environment.

“The combined technical and strategic capability of Net Balance and EY teams will provide clients with unique expertise to help them meet their sustainability challenges.

“This acquisition will further strengthen EY’s ability to service our clients across all areas of sustainability and climate change, particularly social, supply chain, energy and sustainability advisory services,” Mr Nelson said.

Mr Jeyaretnam said Net Balance was looking forward to joining EY.

“The combined EY and Net Balance team will clearly be the largest sustainability service provider in Australia with deep technical expertise and experience. Joining our colleagues at EY is very exciting as it will present both our clients and our staff with significant opportunities especially as we look to expand into new markets and broaden the range of services, projects and initiatives we can offer,” Mr Jeyaretnam said.

The acquisition is intended to be completed in late September 2014, at which time, it is intended that Net Balance will be fully integrated with EY, including relocating staff to EY offices in Melbourne, Sydney and Brisbane. 

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Contact:
Katherine Meier
Ernst & Young Australia
03 9655 2620 or 0417 859 323