New York, 22 April 2016
EY launches new Corporate Responsibility Sabbatical programs in the US
US firm also releases its 2015 US Sustainability Report
Today, Ernst & Young LLP announced a suite of Corporate Responsibility Sabbatical programs that enable EY professionals in the Americas to strengthen global and local communities through longer volunteer placements where they can learn new business skills, team across borders, or even experience a new culture. The new EY Corporate Responsibility Sabbatical programs and enhancements to the existing EY Vantage Program are effective immediately. Additionally, as part of today’s Earth Day celebration, the firm released its 2015 US Sustainability Report titled, “How do we all benefit from good citizenship?” which offers a detailed look at the many ways the firm is aligning its business goals with a commitment to social progress in an effort to build a better working world for its professionals, clients and broader communities.
“Across the US, around the world and within EY, we hope to inspire change and demonstrate our understanding of our societal responsibility,” said Stephen R. Howe Jr., EY’s US Chairman and Americas Managing Partner. “Our commitment runs deep because of our desire to build a sustainable, inclusive economy with lasting benefits for everyone: our people, our clients, our communities and the broader marketplace.”
New Corporate Responsibility Sabbatical programs include:
- The EY Community Impact Program: a one to three month residency program where EY professionals will advise not-for-profits in their hometowns that align to our community engagement strategy of supporting entrepreneurs, education and equity in the workforce. The program will scope out challenging projects that not only stretch and grow our people, but also align with the distinctive services and competencies we use in our business every day.
- The EY Enterprise Growth Services (EGS): this highly successful program, which has been available to EY people in Europe, Middle East, Asia and India, will launch in the Americas. During this three to six month program, EY teams helps social-impact entrepreneurs create jobs and improve health, education and access to energy in emerging markets.
The firm will also be adding Peru as a new host country for its EY Vantage Program, which sends top-performing EY professionals in the US abroad for six weeks to advise high-impact entrepreneurs and help their businesses address growth obstacles. Current host countries include Argentina, Brazil, Chile, Colombia and Mexico. Since its launch in 2005, the EY Vantage Program has provided more than 60,000 hours of support to nearly 250 high-impact entrepreneurs in 30 countries. This equates to more than US$23 million in value of service to entrepreneurs all over the world.
“We are excited to expand our EY Corporate Responsibility Sabbatical programs,” said Carolyn Slaski, EY Americas Vice Chair of Talent. “We strive to give our people exceptional experiences while at EY. Challenging skills-based volunteering engages our people, helps them grow personally and professionally, and connects them to our purpose of building a better working world.”
The firm also released its 2015 US Sustainability Report titled, “How do we all benefit from good citizenship?” which describes the many different ways EY is to improve outcomes, solutions, and ultimately building a better working world for its people, clients, communities. The report takes an in-depth look at how we support the following:
- People: Our firm’s core values begin with our people. We strive to recruit and retain top diverse talent in order to create the highest-performing teams and solve our client’s complex issues. In 2015, 44% of experienced new hires in the US were women, 45% of all new experienced hires in the US were underrepresented minorities and 39% of all new campus hires in the US were underrepresented minorities. We support our people through professional development trainings, challenging client opportunities, a diverse workplace, flexibility and choice, and a framework to guide their career development. In FY15, US personnel participated in more than 2.5 million hours of training.
- Clients: EY is committed to increasing trust and confidence in business and sustainable growth within and beyond our organization. Our people help build trust and confidence in the capital markets around the world through every audit, every tax return, every advisory opportunity, and every interaction with a client. Our commitment to meeting the highest ethical standards is reflected in some of the key metrics in this year’s report: 100% of our client-serving professionals affirmed EY’s Global Code of Conduct and our people took more than 100,000 hours of ethics training in FY15.
- Communities: The firm’s focuses on three areas of social impact: supporting education, equity in the workforce, and entrepreneurs, which we also support through our Entrepreneur Of The Year® (EOY) and EY Strategic Growth Forum®. In 2015, our people donated 207,000 volunteer hours in 2015, along with US$70M to charities and higher education. Across our organization, more than 16,000 volunteers were part of EY Connect Day, our largest signature volunteer program. Promoting equity in the workforce society means championing diversity and inclusiveness, including increasing the representation of women in business.
“Our US Sustainability Report helps us constantly learn and evaluate how our contributions and sustainability efforts help to foster a more prosperous and innovative future for all,” said Leisha John, EY Americas Director of Environmental Sustainability. “We’ve aligned our business objectives with our corporate citizenship goals to inspire our people and others to find new ways to build a better working world.”
The report, which was developed in accordance with GRI G4 (Core) Sustainability Reporting Guidelines, also outlines the firm’s current carbon emission footprint and its impact on the global environment. EY believes it should serve as a business role model for transitioning to a low-carbon economy by systematically measuring the environmental impacts of its operations and taking measurable steps to reduce emission rates. Later this year, the firm will publish an environmental statement announcing its goal to reduce its US emissions by 12% by 2020, using a 2015 baseline.
To learn more about EY’s commitments to corporate responsibility and sustainability efforts, please visit www.ey.com.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
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This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.