How will action today shape the future of climate and nature?

The EY Global Environment Strategy encompasses our planned action for climate and nature to FY30, and our long-term ambition to 2050. 

In brief:

• Building on progress through to FY24, the EY Global Environment Strategy drives near-term, science aligned actions for climate and nature to the end of FY30.
• We will halve absolute GHG emissions across Scopes 1, 2 and 3 against an FY19 baseline, with a long-term goal of achieving net zero by FY50.

The EY Global Environment Strategy reaffirms our commitment to taking the action that counts, adopting an all-of-environment, science-aligned approach encompassing climate and nature, and engagement with the EY value chain.

Key areas of focus include halving absolute greenhouse gas (GHG) emissions by FY30 against an FY19 baseline; integrating nature metrics for water, waste and pollution; and greater collaboration with our supply chain. EY commits to reach net-zero GHG emissions across the value chain by FY50. Our Environment Strategy integrates annual and five-year reviews against progress, standards and the wider transition so that we continue to be responsive to the regulatory, economic and social context and help deliver for the public interest.

From decarbonization and energy efficiency, to expanded reporting, helping enable technology, and investing in our skills and services, sustainability is embedded in the wider growth and evolution of our services for the long term.

The EY organization commits to reduce absolute scope 1, 2 and 3 GHG emissions 50% by FY30 from an FY19 base year. Within this target, EY commits to reduce absolute scope 1 and 2 GHG emissions 75.7% by FY30 from an FY19 base year, and reduce absolute scope 3 GHG emissions 46.9% within the same timeframe. EY also commits to increase active annual sourcing of renewable electricity from 41% in FY19 to 100% by FY25 and to continue active annual sourcing of 100% renewable electricity through FY30. EY commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY50 from an FY19 base year.

Our EY Global Environment Strategy is strengthened by enhanced governance that engages with leadership across functions and geographic regions. A working group with leadership representation from the largest EY member firms and regions helps to align the organization around specific targets, address challenges of operationalization and monitor organization-wide performance.

By the end of FY30, further data gathering and planning for green IT, green buildings, air pollution, natural environments, waste and water consumption will drive the ongoing integration of nature and climate actions.

We will continue to supplement our decarbonization with carbon offsetting to drive the near-term action and investment in carbon markets needed. We are aligning our project selection criteria with the Integrity Council for the Voluntary Carbon Market standards, supported by an enhanced due diligence program.

Driving impact in multiple dimensions

The next five years are crucial. Action is needed to secure progress on climate and nature by the end of FY30, to underpin a longer-term stable, affordable and equitable transition. We are committed to playing our part in translating ambition to action, in our services, with our people and in wider society.

We drive sustainability impact across three dimensions:
• Understanding and managing the environmental impact of our organization
• Building capacity, convening key stakeholders and applying our deep technical knowledge to drive positive change
• Advancing progress across the globe through support of EY clients in their own transition programs

With broader action through our social engagement EY Ripples program, we are committed to leveraging our resources to support and help accelerate the transformation to a new economy in which business, people and the planet thrive. Learn more in the EY Value Realized report.