All EY services play an important role in serving the public interest, promoting transparency, managing regulatory responsibilities and supporting investor confidence and long-term, sustainable economic growth.
Specifically, EY Sustainability and supply chain advisory teams help organizations respond to modern slavery and human rights risks wherever they operate. Services such as EY Forensic & Integrity Services also use the latest developments in machine learning, natural language processing and robotic process automation to help clients detect and investigate instances of fraud, misuse, corruption and other forms of noncompliance.
EY reports – such as the Global Integrity Report 2020 – give valuable insights on the risks relating to business ethics, personal conduct, third-party management and data integrity and how to tackle them.
Internally, the EY Global Code of Conduct is a clear set of standards for business conduct and applies to everyone at EY, regardless of individual role, position or practice. It reflects our culture based on the EY values and purpose.
EY cannot and will not tolerate behavior that is in violation of its professional standards or inconsistent with the EY Global Code of Conduct. Examples of such behaviors include discrimination, unethical practices, financial misconduct, deliberately jeopardizing quality of work or failing to adhere to EY policies.
The Code was recently revised to reflect advancements in technology and how we use them, to reinforce the importance of upholding the Code, and to update the resources available to EY people to support decision-making.
At EY we also recognize that our commitment to the UNGC Ten Principles and to advancing the SDGs extends to the suppliers we work with.
Just as the EY Global Code of Conduct sets out the standards of ethical behavior expected of every EY person, the EY Supplier Code of Conduct does the same for EY suppliers.
The EY Global Supplier Code of Conduct outlines expectations around issues including human rights, modern slavery and child labor, and suppliers are asked to verify their adherence and standards at the RFP stage (and reaffirming at the time of contract execution).
In addition to this, to monitor supplier performance a Supplier Portal provides EY procurement professionals with enhanced visibility of the capabilities of current and potential suppliers, including in relation to social and environmental policies, practices and certifications.
The EY Climate Change and Sustainability Services (CCaSS) team has developed an Environmental, Social and Governance Risk Tool that provides an indicated risk across elements of sustainability including modern slavery and child labor for sub-categories of Procurement and suppliers. This is used to understand the level of due diligence that should be applied to a supplier and will be used to influence the questions asked of them. CCaSS is also using this data-driven tool to build the EY ‘‘Sustainable Sourcing Framework’’, which will act as a practical sustainable sourcing guide for Procurement.
Suppliers complete a self-assessment questionnaire containing questions that cover their environmental, social and governance policies and projects; modern slavery; if they are ISO 14001 certified; and if they monitor standards in their supply chain.
In addition to our focus on supplier due diligence, Procurement, Global Corporate Responsibility and Climate Change and Sustainability Services collaborate on a Human Rights and Modern Slavery Working Group to enhance EY’s work in this space. The group’s remit includes the development of modern slavery KPIs.
EY Procurement teams are proactive in furthering social and environmental sustainability in the supply chain and have a dedicated Environmental Social Governance Services (ESGS) team that runs a cross-category Sustainability Network and Inclusiveness Network.
EY’s commitment to promoting the principles of inclusiveness, sustainability and responsibility also extends beyond the EY organization to include the EY supply chain.
We actively encourage small and diverse owned businesses to become registered suppliers, through our Environmental Social Governance Services portal. Working with advocacy organizations, EY provided over 17,161 hours of learning for 3,700 diverse supplier attendees in 2020 year-to-date to help them scale.