EY honored with Consulting Magazine Excellence in Social & Community Investment Award
New York, 17 October 2017
Olympic Legacy Volunteer Program recognized for positive impact in Rio de Janeiro
Ernst & Young LLP announced today that Consulting Magazine has named the EY Olympic Legacy Volunteer Program as a recipient of the Excellence in Social & Community Investment Award, which recognizes consulting organizations that have invested in engagements on a pro-bono, heavily discounted or volunteer basis in either local communities or globally.
The global EY organization won for its Olympic Legacy Volunteer Program, a skills-based volunteering program developed to create a positive legacy within Rio de Janeiro communities through strategic planning and assistance to local nonprofits. EY’s program connected 27 EY people from eight different countries with six Rio-based nonprofits to participate in three months of pro-bono project work.
“At EY, we are committed to leaving a positive impact within the communities where we work. In Rio, we wanted to do something meaningful for the city that would have a lasting impact after the Olympics ended. The Olympic Legacy Volunteer Program allowed us to achieve just that,” said Nancy Altobello, EY Global Vice Chair – Talent. “It’s an honor for this program to be recognized by Consulting Magazine, and I’m so proud of the EY people and teams whose contributions help us deliver our purpose of building a better working world every day.”
The non-profits with which EY people worked focused on reducing social inequality, providing youth education programs in socially vulnerable communities, and promoting and developing effective public policies to benefit low-income areas. Each non-profit was matched with a cross-functional EY team that worked remotely and then traveled to Rio to finalize their assignments and deliver high-impact, tailor-made tools and actionable assessments to these Rio-based non-profits.
For example, Rede Asta, an organization committed to reducing social inequality by empowering female artisans from low-income communities, required strategic financial planning assistance. The EY team delivered a gap assessment, budget framework and budget tool. Rede Asta was impressed both with how easy the tools were to use, and how effective they were at helping them reach their budgeting goals.
“Beyond the medals being won in sporting stadiums, the Games shined a light on social issues that need to be addressed to improve the lives of local communities,” said Deborah K. Holmes, EY Americas Director of Corporate Responsibility. “Through the Olympic Legacy Volunteer Program, EY delivered our services to Rio-based non-profits that otherwise could not afford those services, and our people were able to use their professional skills to positively impact the communities of Rio de Janeiro.”
In addition to EY, the full list of award recipients is available in the October 2017 issue of Consulting Magazine, available online at http://consultingmag.com.
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