This ambition reflects the changing expectations of EY stakeholders, especially EY people. It is one of the ways we are delivering our purpose of Building a better working world and creating long-term value – by playing our part to combat climate change and protect the planet.
In the process of becoming carbon neutral in 2020 we kept asking ourselves what more we could do. The COVID-19 crisis cut our business travel emissions and EY teams were still able to provide exceptional client service. This gave us a new perspective on what a low-carbon future could look like and made us challenge the easy option of reverting to old habits as the world recovers.
We also saw momentum building around us, with businesses and entire countries setting net zero targets. But we knew that we had to go beyond this to make an even bigger impact and accelerate our own transition to a low carbon future. We wanted to make sure that we did so in a way that drove business performance, allowing us to create value and new opportunities from sustainability.
The 300,000 EY people around the world encouraged us to push ourselves further and become carbon negative. Being carbon negative will engage and inspire EY people, encouraging them to be more thoughtful and mindful about their impact on the climate while continuing to provide exceptional client service. It will also build EY member firms’ reputation as employers of choice, attracting talent who increasingly want to work for responsible businesses.
No organization can do this alone. We are proud to follow the paths of sustainability pioneers who have inspired and motivated us, and to work with like-minded organizations on this ambitious project going forward.
We will use our convening power to drive change beyond our own walls, leveraging our involvement with organizations and initiatives to shape policy and regulations. This includes our work with the S30, the World Economic Forum (including the WEF International Business Council), COP26, the UN Global Compact, the World Business Council for Sustainable Development, the Race to Zero campaign and many more. Through these collaborations, we will gain needed momentum in the movement towards low-carbon business and sustainability that protects and creates value for all.