EY Virtual Sustainability Office

Balancing risk and resources

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The corporate sustainability function has undergone a significant evolution over the past decade. Once a peripheral concern, the corporate sustainability function is now a core strategic function.

In adapting to this new reality, businesses can face many challenges, including for example:

  • Lack of adequate knowledge to manage increasing stakeholder demands
  • Necessity to stay focused on value creation
  • Resource constraints or quality issues with existing resources
  • Challenges with existing service providers
  • Significant time spent by senior management on low-value activities
  • Increased complexity in the compliance and regulatory environment

EY’s Virtual Sustainability Office (VSO) helps address these challenges and ensures you are well positioned to effectively manage your sustainability responsibilities.

Specifically, it provides an integrated sustainability service approach which positions our multidisciplinary team of sustainability professionals to deliver whatever support you need.

  • What exactly does the VSO offer?

    EY’s VSO can help your business respond to a range of voluntary and mandatory sustainability responsibilities, including in the following areas:

    Regulatory requirements

    Signatory requirements

    Voluntary disclosures

    Industry requirements

    ASX reporting requirements

    United Nations Global Compact

    Carbon Disclosure Project

    International Council on Mining and Metals

    National Greenhouse and Energy Reporting

    Australian Packaging Covenant

    Dow Jones Sustainability Index

    Energy Supply Association of Australia

    Corporate reporting

    Value measurement

    Supply chain

    Stakeholder interests

    Sustainability reporting

    Creating shared value

    Sustainable procurement

    Stakeholder engagement

    Integrated reporting

    ESG risk assessment

    Human rights due diligence

    Materiality assessment

  • What are the benefits?

    EY’s VSO offers you a wide range of cost saving and value-added benefits, including:

    • Developing an integrated approach with deployment of multidisciplinary teams
    • The use of flexible resource solutions which can be leveraged in busy cycles
    • Leveraging on knowledge of your business in operational support to drive higher-value insights and services.
    • Developing the ability to focus on value-add and commercial imperatives
    • Establish a single service provider approach with deep knowledge
    • Offer a gateway to other services within EY and a proactive approach to client service
  • How is the VSO delivered?

    We can provide flexible resource options, across the full range of our services, with the appropriate level of experience on a short-medium or long term basis.

    Co-sourcing might have beneficial where you have a temporary resource or skill gap, requiring short-to-medium term support on the ground. 

    Or if there is a specific issue to be addressed (e.g. reporting deadline), we can also provide multidisciplinary resources to focus on getting you over the line in the most effective and seamless way without having to worry about resourcing challenges.

    Outsource some or all of your sustainability responsibilities to EY may be preferable where you are seeking to improve your sustainability processes and reporting, increasing efficiencies. This option enables you to fully focus on your commercial imperatives.

Want to find out more?

To find out how you can gain access to the EY VSO please contact our area leaders or download our VSO brochure.