Press release

7 Feb 2022

EY named a leader for ESG consulting services by independent research firm

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EY India

Multidisciplinary professional services organization

India, 7 February 2022: EY has been recognized by research and advisory firm, Verdantix, as a leader for environmental, social and governance (ESG) services and sustainability consulting services in its latest report, Green Quadrant: ESG & Sustainability Consulting 2022.

Verdantix evaluated 15 providers of ESG consulting services and recognized the EY organization as a leader for ESG and sustainability program strategy, climate change strategy and risk and governance performance management. In the report, EY services are particularly recommended to corporate bodies seeking a consultancy organization to manage multiple types of ESG and sustainability engagements, and multinational organizations wishing to develop and meet ESG targets.

The report highlights a long history of engagement with the C-suite on ESG and sustainability initiatives across the EY organization, and the ability to offer strategic advice across a broad range of areas. EY teams are also noted for their client work to construct actionable ESG strategies and helping ensure that targets are successfully achieved.

Steve Varley, EY Global Vice Chair – Sustainability, says: “Businesses around the world are now embracing societal change and sustainable development as roadmaps to long-term success, which will help put us on the path to a truly sustainable future. I’m proud of the incredible work EY people do to help organizations protect and create value from sustainability, and this landmark report is an important recognition of how the EY organization is helping businesses around the world create value for all their stakeholders.”

A significant driver of the EY organization’s effort on ESG is the Climate Change and Sustainability Services team, established 25 years ago. It is a global, multi-disciplinary team that works across EY service lines, helping businesses understand and respond to the risks and opportunities of climate change, and keeping pace with rapidly changing requirements in relation to sustainability – including measurement and nonfinancial reporting.

Chaitanya Kalia, Partner and National Leader, Climate Change & Sustainability Services (CCaSS), EY India says, “It is truly an honor to be recognized as a leader for ESG consulting services by Verdantix. This recognition is a testament of our truly local and global expertise in helping our clients build value led sustainability strategies. For EY, sustainability will remain at the top of the agenda and a key differentiator. We are further strengthening our sustainability practice to address the growing demand of high quality Climate Change and Sustainability services in the market”.

The team led by Chaitanya Kalia, National Leader and Partner, provides end-to-end services in the areas of climate change and decarbonization, ESG and EHS advisory and strategy across sectors and industries bringing in the rich experience of its global and local talent. The firm’s multidisciplinary teams help companies understand the risks and opportunities arising from climate change and sustainability issues facilitating businesses to respond aptly by understanding and evaluating the broader value impacts and outcomes, identifying the opportunities, and supporting the reporting of non-financial performance risks to their stakeholders.

Today, organizations are at different levels of maturity, accordingly we help them to reframe strategy to include ESG, accelerate transition to more sustainable products and services, embed sustainability in the overall governance and build trust by providing assurance services for non-financial disclosures.

The EY organization is committed to helping accelerate climate action and empowering EY people to do the same. In 2021, the EY organization became carbon negative, a major and significant step toward achieving the EY carbon ambition of becoming net zero by 2025. To achieve this ambition, the EY organization has set an aggressive target of reducing emissions across the organization by 40% by 2025 through seven key actions.

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