Corporate Responsibility

EY's purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society and build trust in the capital markets.

Annual report 2020/2021

(in Norwegian)

 

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Human Rights Due Diligence

EY Norway’s commitment to Universal Human Rights

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As we make long-term commitments – achieving net zero carbon emissions, increasing diversity, equity and inclusiveness in the workforce, and contributing to prosperity in the communities we operate in – measuring improvement and action plan results to achieve these commitments is critical. Only by measuring can we benchmark progress, improve decision-making and accountability, and increase trust.

Our approach to sustainability is organized around four pillars:

High-level ambition Become the most trusted professional services organisation
FY 2025
Target and focus area (FY19 baseline)
  • Code of Conduct and anti-corruption traning. 100%
  • Suppliers signing code of conduct. 100%
Action
  • Maintain 100% level yearly
  • Require suppliers to sign Supplier Code of Conduct
Results FY21
  • Training: 100%
  • Suppliers signing: 100%

The insights and quality services EY delivers help build trust and confidence in businesses and the capital markets. We serve the public interest by delivering high-quality, analytics-driven audits based on independence, integrity, objectivity and professional skepticism.

The EY approach to business ethics and integrity is contained in the EY Global Code of Conduct and other policies. Our Code of Conduct provides a clear set of standards that guide our actions and business conduct.

EY strives to adhere to the highest ethical standards, including in relation to protecting human rights, upholding international labor standards, protecting the environment, and opposing bribery and corruption in all its forms.

We anchor anti-corruption measures across EY, and partners and employees are obliged to complete yearly training, we help clients strengthen their integrity and compliance frameworks and cooperate with external networks and groups in the fight against corruption.

We are committed to integrating the United Nations Global Compact (UNGC) Ten Principles and the UN Sustainable Development Goals (SDGs) into EY strategy, culture and operations.

Our expectations concerning environment, human rights and social conditions extends to our suppliers who need to verify their adherence and standards according to our Supplier Code of Conduct.

«Åpenhetsrapporten» disclose our internal control sstems, ethical values, how we execute our audits, quality routines and independnece. It is written in compliance with requirements of the Norwegian Audit Act. Read more (NO)

 

8.2 ”Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labor-intensive sectors”.

EY works long term to strengthen quality, enhance efficiency and create transformative opportunities for sectors and businesses through a clear focus on investments in innovation, technology and AI-enabled solutions. We aim to invest US$ 10 billion globally from 2021 towards 2024 on audit quality, strategy, technology and people.

UN Sustainable Development Goals - Decent work and economic growth
High-level ambition Protecting the planet to support the needs of current and future generations
FY 2025
Target and focus area (FY19 baseline)
  • Absolute CO2 emmissions -40%
  • Business travel redureced by 50%
  • Reduce waste and increase share of recycled waste
Action
  • Implement new travel policies
  • Reduce overall office electricity and procure renewable energy
  • Encourage and improve waste sorting and reduce waste e.g. from suppliers
Results FY21
  • GHG emissions: -97%

EY has set targets to significantly reduce absolute emissions, and to remove or offset more carbon than we emit each year, making EY reach net zero by 2025.

We will reduce our absolute emissions by 40% across scopes 1, 2 and 3 against an FY19 baseline, consistent with a 1.5°c science-based target, approved by the Science Based Targets initiative (SBTi).

To reach our reduction targets, EY has defined seven actions that apply to all of EY including, reduction in business travel, reducing overall office electricity usage, and procuring 100% renewable energy for remaining needs, using nature-based solutions and carbon reduction technologies to remove from the atmosphere or offset more carbon than emitted, every year, providing EY teams with tools to calculate, then work to reduce, the amount of carbon emitted in carrying out client work, requiring that our largest suppliers have set science based targets, investing in EY services and solutions that help clients create value from decarbonizing their businesses and provide solutions to other sustainability challenges and opportunities.

  • Environmental policy

 

7.3. “By 2030, double the global rate of improvement in energy efficiency”

At EY we aim to be more energy efficient by reducing our absolute GHG emissions across scope 1, 2 and 3 by 40% by reducing business travel, mainly by air, and also reduce electricity consumption and waste in our offices.

UN Sustainable Development Goals - Decent work and economic growth
High-level ambition Empower EY people to build their own exceptions EY experience
FY 2025
Target and focus area (FY19 baseline)
  • Diversity & Inclusion. 40% women on leadership level
  • Employee satisfaction, maintain high level. 90%
  • EY Badges. 50% of our people are in progress or have been awarded an badge
Action
  • Improve and increase efforts for better gender balance
  • Listening to our people to support employee engagement, retention and satisfaction
  • Support competence development
Results FY21
  • Women in leadership: 39%, 2% increase compared to 2019
  • Female Partners: 22%, 3% increase since 2019
  • Employee Satisfaction – sense of belonging: 87%
  • Employee Satisfaction – total engagement score: 70%
  • Turn-over rate: 20,8%, 4,3% increase since 2019
  • Total number of EY Badges awarded: 454 badges, 23,5% acumulated

At EY, our people are instrumental when it comes to realizing our purpose of building a better working world. Our exceptional people address the opportunities and the challenges our clients face, and for them to perform at their best, we need to provide them with exceptional experiences by:

  • Having a culture where treating everyone with dignity and equality is the clear norm
  • Developing their skills for the future demands in our profession and in accordance with their individual development aspirations
  • Looking after their health and wellbeing without compromising the integrity of the individual.

In EY, we are deeply committed to creating an environment where differences are not only accepted but are truly valued. With a diverse workforce, we are better equipped to utilize the power of different opinions, perspectives and cultural references, which will help us set the highest performing teams. We see diversity and inclusiveness as vital to our business success and continued growth.

Our overall priority is to ensure gender equality at all levels in the organization, and we aim to ensure that our activities promote our talent pool to become even more diverse and better balanced.

 

5.5 ”Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life”.

We work to ensure gender equality at all levels in the organization, and especially focus on greater gender balance on leadership level in EY. Several activities are in place already, including global and local mentoring programs, unconscious bias training, and strengthened efforts around parental leave, and we are implementing more initiatives. We aim to ensure that our activities promote our talent pool to become even more diverse and better balanced.

UN Sustainable Development Goals - Decent work and economic growth
High-level ambition Building a better working world in the communities where we live and work
FY 2025
Target and focus area (FY19 baseline)
  • 1000 EY participants volunteering through EY Ripples
  • Lives impacted through volunteering. Aligned with Global Target to impact 1 billion persons by 2030
Action
  • Encourage and engage employees to participate in Ripples projects
  • Introduce new initiatives to support local communities
Results FY21
  • 70 persons participated
  • 54,5k lives impacted

A company’s value is increasingly reflected in the off-balance sheet intangible assets and value drivers associated with economic and social prosperity.

Through the EY Ripples program, we extend the value of EY knowledge and networks to people and places we might not otherwise reach. It empowers EY people to devote their time to SDG-focused projects that apply their skills in different contexts and help them develop as more inclusive leaders with a deeper understanding of the challenges facing communities across the world. As more and more EY people learn to appreciate the social value of the skills they use every day, so creating long-term value for society becomes more deeply embedded in our culture.

Together with clients and other like-minded organizations, EY people use their distinctive skills to bring positive change across three focus areas: 

 

4.4. ”By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship”.

We work to increase the number of young people with relevant skills for employment and entrepreneurship, especially through our EY Ripples program. Here EY people volunteer their time and skills to mentor students and vulnerable young people, do homework assistance to children, and offer feedback and coaching to students with a passion for entrepreneurship. 

UN Sustainable Development Goals - Decent work and economic growth
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  • Code of Conduct

    The EY Global Code of Conduct provides an ethical framework for our behavior. It draws on our shared values and builds on our purpose and our ambition. 

    Our Global Code of Conduct is organized into five categories containing guiding principles that should be used by everyone within EY to guide behavior across all areas of our activity.

  • Supplier Code of Conduct

    EY’s Global Supplier Code of Conduct outlines, among other things, our expectations concerning environment, human rights and social conditions and asks suppliers to verify their adherence and standards.

    In addition, we monitor supplier performance through our EY Supplier Portal where suppliers complete a self-assessment questionnaire on their social and environmental policies, practices and certifications.

    As part of EY’s Carbon Ambition, we require 75% of EY suppliers, by spend, to set science-based targets by no later than FY25.

    As part of EY's Carbon Ambition, we require

    75%

    of EY suppliers, by spend, to set science-based targets by no later than FY 25

  • UN Global Compact

    EY has been a global signatory to the UN Global Compact (which aims to align worldwide business strategies and operations with universal principles on human rights, labour, environment and anti-corruption) since 2009 and we continue our pledge to support and advance its principles.

  • Nordic Environmental Policy

    At EY, we encourage the global transition to a low-carbon and climate-resilient economy and work to minimize the environmental impact of our business, in line with EY’s global carbon ambition. 

    Download our policy (pdf)

  • EY Global Human Rights Statement

    The EY Global Executive has signed this statement to demonstrate its commitment to uphold and promote human rights.

    Read more