- EY Japan announces fiscal year results of the initiatives based on the LTV Vision established in July 2021
- EY Japan's overall renewable energy use reached 54% (including data centers)
- The percentage of suppliers setting SBT1 (based on order value) reached 38%, targeting to reduce CO₂ emissions throughout the supply chain.
EY Japan is proud to announce the FY22 results of initiatives based on its own long-term value (LTV) vision.
To realize its purpose of Building a better working world (BBWW), in Japanese society and markets, EY Japan launched the LTV Vision in July 2022, to create value from a long-term perspective for our clients and society, economy and ourselves.
In particular, we have established a project team for our own initiatives and are promoting activities with KPIs based on the "Stakeholder Capitalism Index".
Planet: EY has set a goal of achieving net zero emissions by 2025 to promote environmental and sustainable long-term growth. To achieve this goal, EY Japan is also working on annual usage and emissions planning based on the analysis of electricity, water, gas, and heat consumption at each office and data center, as well as CO₂ emissions from business trips. EY Japan is also promoting the establishment of resource circular systems, including the elimination of the use of disposable plastic cups in the cafe at the Tokyo office and efforts to improve the waste recycling rate.
Social Value: As a business leader, we recognize that long-term value must be brought to all stakeholders. At EY Japan, various programs to improve education for the next generation and employment assistance are taking place. We have also planned hands-on workshops for junior high school through university students to foster entrepreneurship. In addition, we will jointly hold an accelerator program with the political and business parties to nurture local entrepreneurs to solve regional and social challenges.
Talent: At EY Japan, we are deepening our commitment to diversity, equity, and inclusiveness (DE&I) to create an attractive workplace where each professional can maximize their abilities. As part of this initiative, we have established the Diverse Abilities Center (DAC), a new organization to enable people with neuro-diverse abilities (developmental disabilities, Asperger's syndrome, autism, etc.) to pursue careers as EY members, and have recruited 22 participants on June 1. In addition, we began a collaboration with a university to develop a subjective well-being index.
EY Japan's main LTV vision initiatives in the fiscal year 22.
- Percentage using renewable energy for ofﬁce electricity: 54%
- Science-based targets (SBT) rate setting for suppliers (based on order value): 38%
- 1,600 EY Japan members were participating in EY Ripples activities and in total, positively impact 500,000 lives.
- The number of companies registered as DE&I preferred suppliers2: 20 companies
- Obtained “Rainbow3” grade in the Pride Index4, metrics for evaluating LGBTQ+ related initiatives
- Launched a Neuro Diversity Center (DAC)
- Number of Purpose training recipients: 270
- Number of EY Badges obtained: 968
- Engagement Index score5: 74
EY Japan will continue to work towards 2025, the target fiscal year of various KPIs.
- Science-based target (SBT): A greenhouse gas reduction target to reduce an organization’s emissions in line with climate science and the Paris Agreement goal to limit global warming to 1.5˚C above pre-industrial levels.
- DE&I preferred suppliers: register diverse suppliers such as female entrepreneurs to improve supplier diversity.
- Rainbow: Rainbow encourages companies to go beyond what they can do on their own and join forces with other players to make a medium to a long-term commitment to creating a workplace and society where LGBTQ people can work as themselves.
- PRIDE Index: an evaluation index for initiatives related to LGBTQ and other sexual minorities (hereafter, LGBTQ) in companies and organizations, formulated by the voluntary organization work with Pride (wwP). It consists of the following ﬁve indicators:
- Engagement Index Score: EY regularly conducts surveys on corporate culture and employee job satisfaction, and the results are calculated by synthesizing the scores of indicators related to engagement.
For further details, please visit the EY Japan website below.
・Long-term value - Actions of EY Japan
Moriaki Kida, EY Japan Chairperson & CEO says:
“To achieve long-term value creation in this new era of uncertainty, EY Japan became the first in the industry to launch the LTV vision and set an activity policy for our clients, society, the economy and ourselves. In particular, we have set KPIs and targets for our own transformation journey, and I feel we have made significant achievements including the use of renewable energy for office electricity, reduction of CO₂ emissions from business trips, green procurement, social value creation activities such as supporting next-generation education, DE&I initiatives, promotion of well-being, and education and training. EY will continue to strive to be a model for creating long-term value for all of our stakeholders.”
Tokuya Takizawa, LTV Promotional Office Leader, EY Japan says:
“The demand for sustainability, including addressing climate change, the environment, human resources, society, and governance, is increasing every year. We believe that creating a sustainable society is an issue that all stakeholders must address. EY has been providing sustainability and ESG-related services for more than 20 years and we are the first to address our own sustainability challenges. Utilizing our achievements and professional skills to reinforce the value cycle that creates business through sustainability, we will continue to support our clients' sustainable growth.”