Environmental objectives and targets
Our global strategy
On 30 January 2020, EY was the first Big Four organisation to announce its commitment to become carbon neutral, to be achieved by the following December. But our purpose of Building a Better Working World compelled us to go further, faster.
To help drive purposeful growth and create long-term value for our stakeholders, EY will be carbon negative in 2021 and net zero in 2025. We will achieve this by significantly reducing our absolute carbon emissions, and then removing or offsetting more than the remaining amount of our emissions, every year.
We will cut absolute emissions by 40% across Scopes 1, 2 and 3 by FY25, against an FY19 baseline, consistent with a 1.5°c science-based target, approved by the Science Based Targets initiative (SBTi), enabling EY to reach net zero in FY25. And we have a seven point plan to ensure we achieve this ambition. Learn more.
EY’s Global Environmental Statement sets out the firm’s wider approach to environmental management and expectations of EY member firms around the world.
In the UK
To support our global carbon ambition, the UK firm has developed a firm-wide initiative to focus on employing environmental best practice and a market-leading approach to sustainable internal operations. We are continually developing new and innovative ways to reduce emissions in line with our carbon reduction targets, increase sustainable procurement practices, and both empower and engage our people on sustainability issues.
The UK firm sets additional objectives relating to our key environmental aspects. For FY21, these are to:
- Demonstrate a reduction in utilities consumption
- Maximise the procurement of energy from renewable sources
- Minimise the volume of waste generated
- Maximise landfill diversion rates and waste recycling
- Seek ways to promote environmental sustainability and encourage lifecycle improvements
We annually set specific quantitative targets to support these objectives. Targets for FY21:
- Identify opportunities to invest and support renewable energy markets whilst continuing to procure 100% of energy from renewable sources (where appropriate tariffs are available)
- Reduce total energy (kWh) consumed by 7.5% per sqm (base year FY19)
- By end of 2025 reduce waste generated per head by 20% base year FY19
- Aim to send zero to landfill and maximise waste recycling