Environmental objectives and targets

Related Services

The EY Global Environment Strategy

In FY21, the EY organisation announced a commitment to a 40% absolute greenhouse gas (GHG) emissions reduction across the EY network by 2025 against an FY19 baseline. This shaped a seven-point plan to drive decisions, investment and focus throughout the organisation targeting science-aligned decarbonisation, skills development and client service transformation.

 

For the fourth year in a row in FY24, the EY organisation reported progress against this plan, including a 40% reduction in absolute market-based GHG emissions and a 42% reduction in Scope 3 travel emissions against an FY19 baseline. We expanded our global electricity consumption from renewable sources to 88% and we were announced as an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) framework. 

To build upon our progress to date, the EY organisation has reviewed and evolved its carbon ambition, which included goals to 2025, publishing the EY Global Environment Strategy (PDF) . This strategy includes both a near-term target to halve emissions by FY30, and sustained emissions reductions over time to achieve net zero by FY50 (90% GHG emissions reduction), both against an FY19 baseline.

By the end of FY30, the EY organisation aims to:

GHG emissions: 

  • Further reduce emissions to 50% against a FY19 baseline following a 1.5-degree pathway for scopes 1, 2 and 3. This includes a further 25% reduction in Scope 3 emissions from FY24 to FY30.

Energy: 

  • Achieve our RE100 commitment by procuring 100% renewable electricity.

Travel: 

  • Continue to reduce the impact of our travel using technology and individual traveller scorecards that help EY people make informed choices.

  • Expand travel strategy to purchase sustainable aviation fuel certificates for 5% of the EY overall air travel.

  • Reduce EY vehicle emissions by 85%.

Supply chain:

  • Include purchased goods and services in our emissions footprint.

  • Drive greater collaboration with suppliers and alliance partners to reduce emissions linked to purchased goods and services.

Nature:

  • Develop and integrate new nature-positive practices, including identifying new targets and metrics for reducing impacts and implementing programs to meet these new targets

Our UK Environment Strategy  

Following the EY Global announcement of a science-based decarbonisation target and commitment to net zero in 2021, the UK firm developed a UK Net Zero Strategy, comprising six key actions to support the global ambition. Progress against each of these actions (including emissions reduction targets determined by the global organisation) was measured and monitored using key performance metrics.

Following the recent launch of the EY Global Environment Strategy, the UK firm is now in the process of revising and developing its own targets and strategic approach to ensure its actions are fully aligned to the firm’s global commitments. We plan to publish the UK Environment Strategy atthe end of FY26.

Wider UK environmental objectives and targets 

In addition to emissions reduction targets, the UK firm annually sets supplementary environmental objectives and targets relating to other key environmental aspects. FY26 objectives and targets: 

Back to UK environmental sustainability 

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.