3 minute read 29 Dec 2022

With the second Environmental, Social and Governance (ESG) report published by EY Greater China, we present our mission, values and commitment, as well as key initiatives and outstanding performance in the ESG area. 

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EY Greater China FY22 Environmental, Social and Governance Report

Judy Li
By Judy Li

Partner, Sustainability Services, Ernst & Young Hua Ming LLP; EY Greater China ESG Management Office Head; EY Asia-Pacific Sustainability Leader, Financial Services

Knowledgeable and experienced in ESG, climate change and green finance. Well recognized by regulators and industrial associations as technical expert and senior speaker.

3 minute read 29 Dec 2022
Related topics Sustainability Climate change and sustainability
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  • EY Greater China FY22 Environmental, Social and Governance Report

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With the second Environmental, Social and Governance (ESG) report published by EY Greater China, we present our mission, values and commitment, as well as key initiatives and outstanding performance in the ESG area. 

In brief
  • The development gap between countries and regions is widening, which increases the uncertainty brought by climate change.
  • We adhere to the mission of empowering sustainable development in various industries and promote sustainable practices through ESG management. We are also committed to reaching the net zero goal by 2025.
  • Carbon reduction plans can be better implemented with the help of metaverse technology since it holds immense possibilities, and building a metaverse that is equitable and inclusive will be essential to shaping a sustainable, better virtual world.

Our mission and vision

In a rapidly changing world, EY is committed to building a better working world and making a lasting positive impact through the NextWave strategy. As a professional services organization with deep insights and high-quality services, we actively cultivate outstanding leaders, encourage teamwork, and build trust and confidence in capital markets around the world. We strive to make a positive impact by building mutual trust among enterprises, supporting them in their sustainable development, and promoting broader and deeper collaboration. As part of our commitment to stakeholders, EY is actively involved in sustainable development and engages like-minded organizations and individuals, playing an important role in building a better working world.

  • Accelerating sustainable growth

    Globally, EY has become carbon neutral in 2020 and carbon negative in 2021, and is moving toward its ambition to reduce total emissions by 40% and achieve net zero in 2025. In Greater China, we established the ESG Committee to lead and promote sustainable development. We also support EY clients to achieve carbon neutrality and contribute to China’s dual carbon goals by providing solutions in green finance, green technology and ESG.

  • Expanding business footprint

    In response to the development strategy across the region, we continue to expand our presence in Greater China. We contribute to the coordinated regional development by opening new offices in Hefei, Taiyuan and Ningbo in FY22. At present, there are EY offices in 33 cities in the Greater China.

  • Enabling innovation-led transformation

    EY places innovation at the core of business growth. As part of EY global innovation network, EY wavespace™ centers in Beijing, Shanghai and Hong Kong empower digital transformation by integrating innovative technology and industry expertise.

  • Collaborating for mutual benefits

    EY is dedicated to building a market environment with openness, transparency, mutual-trust and efficiency. We appreciate the great value of integration and synergy, and aim to facilitate cross-disciplinary cooperation with different industries. As part of the global value chain, the EY organization collaborates with renowned companies to create long-term value for clients and the society.

FY22 performance highlights

  • Fulfilling environmental responsibilities

    • EY Global achieved carbon neutral on 31 December 2020 and carbon negative in 2021. We pledge to reach net zero by 2025
    • Green office
      • Achieved a total reduction of 73.62 metric tons of carbon emissions, equivalent to planting 4,090 trees
      • By practicing green management in the office，achieved a total reduction of 309.24 metric tons of carbon emissions, equivalent to planting 17,180 trees in the past four years
    • Resource reduction
      • Saved 1,550,759 sheets of A4 paper
      • Saved a total of 7,865 barrels of water
    • Ranked number one in overall execution in HFS Top 10: Sustainability Services 2022
    • Winner of the Green Finance Case Study Award by the China International Fair for Trade in Services 2022
    • Named as an excellent consulting leader in ESG and sustainability 

  • Fulfilling social responsibilities

    • Employment
      • More than 23,000 full-time employees
    • Training
      • On-site training: 100,128 participants
      • Online training: 632,455 participants
    • Community services and charitable donations
      • In the past two years, EY has participated in and supported various charitable donation activities. Donations accumulated from projects such as the Spring Bud Project amounted to over RMB5 million
      • In March 2022, on top of giving out the first batch of pandemic supplies valued at HK$1 million, EY provided further supplies worth HK$1.5 million through EYCare
      • EY Ripples activities in EY Greater China have positively impacted over one million people
    • Awarded Hong Kong SAR 25th Anniversary Enterprise Outstanding Contribution Award (Accounting)
    • Awarded Best Integrated Marketing, Best Social Media and Best Campus Public Presentation in Student Choice Awards 
    • Awarded LinkedIn Top Companies in 2021

  • Fulfilling governance responsibilities

    • Established the EY Greater China ESG Management Committee in 2021
    • 42% of newly promoted partners and directors in 2022 were women
    • 40% of partners and directors in 2022 were women
    • Awarded Best Company in Diversity, Equity and Inclusion Best Practice by sHero
    • Awarded 2022 Most Notable Women – Women Power in ESG by sHero
    • Awarded 2022 Most Notable Women by sHero
    • Awarded 2022 Most Notable People – Male Allies by sHero
    • The digitalization team in Ernst & Young Hua Ming LLP in Shanghai won the Youth Model Unit Award in the fourth Shanghai CPA Industry

Download the EY Greater China FY22 ESG Report 

Read the report 

Summary

2023 will mark the 55th year of EY's professional services in Greater China. It is also the beginning of a thorough modernization of China. We will continue to focus on environmental, social and economic development in the new era, and provide intellectual support for high-quality development with innovative solutions; we will also continue to fulfill our commitments to the country, society and clients, adhere to our social responsibility, create long-term value, and become a contributor to China's high-quality development.

EY Greater China will work hand in hand with all stakeholders to move forward for a better and sustainable future.

About this article

Judy Li
By Judy Li

Partner, Sustainability Services, Ernst & Young Hua Ming LLP; EY Greater China ESG Management Office Head; EY Asia-Pacific Sustainability Leader, Financial Services

Knowledgeable and experienced in ESG, climate change and green finance. Well recognized by regulators and industrial associations as technical expert and senior speaker.

Related topics Sustainability Climate change and sustainability
Upvote