Financial Services Ireland

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EY named a leader for ESG consulting services by independent research firm

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EY has been recognised by research and advisory firm, Verdantix, as a leader for environmental, social and governance (ESG) services and sustainability consulting services in its latest report, Green Quadrant: ESG & Sustainability Consulting 2022.

Verdantix evaluated 15 providers of ESG consulting services and recognized the EY organization as a leader for ESG and sustainability program strategy, climate change strategy and risk and governance performance management. In the report, EY services are particularly recommended to corporate bodies seeking a consultancy organization to manage multiple types of ESG and sustainability engagements, and multinational organizations wishing to develop and meet ESG targets.

The report highlights a long history of engagement with the C-suite on ESG and sustainability initiatives across the EY organization, and the ability to offer strategic advice across a broad range of areas. EY teams are also noted for their client work to construct actionable ESG strategies and helping ensure that targets are successfully achieved.

A significant driver of the EY organization’s effort on ESG is the Climate Change and Sustainability Services team, established more than 20 years ago. It is a global, multi-disciplinary team that works across EY service lines, helping businesses understand and respond to the risks and opportunities of climate change, and keeping pace with rapidly changing requirements in relation to sustainability – including measurement and nonfinancial reporting.

Steve Varley, EY Global Vice Chair – Sustainability, says: “Businesses around the world are now embracing societal change and sustainable development as road maps to long-term success, which will help put us on the path to a truly sustainable future. I’m proud of the incredible work EY people do to help organizations protect and create value from sustainability, and this landmark report is an important recognition of how the EY organization is helping businesses around the world create value for all their stakeholders.”

Marie-Laure Delarue, EY Global Vice Chair – Assurance, says: “This recognition is a real testament to the work of the more than 2,000-strong EY Climate Change and Sustainability team. EY teams are working with clients across the globe to help them understand and respond to the risks and opportunities relating to sustainability and ESG, helping these businesses to better understand how the benefits of becoming sustainable stretch far beyond financial gain. The EY ambition is for all clients and stakeholders to be leaders on ESG in their respective sectors and locations.”

The EY organization is committed to helping accelerate climate action and empowering EY people to do the same. In 2021, the EY organization became carbon negative, a major and significant step toward achieving the EY carbon ambition of becoming net-zero by 2025. To achieve this ambition, the EY organization has set an aggressive target of reducing emissions across the organization by 40% by 2025 through seven key actions.

Alongside the work that the EY organization is undertaking to become more sustainable, EY teams continue to develop and invest in global sustainability services for clients, aimed at helping them progress on their own sustainability journeys. The solutions are focused on value-led sustainability, helping EY clients capture business opportunities relating to the sustainability and decarbonization drive, while also protecting and creating value.

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