EY is now carbon negative

[Sponsored Article] 

The science is more conclusive than ever – the planet will continue to heat up for many decades to come. As the most recent Intergovernmental Panel on Climate Change (IPCC) report highlights, “global warming of 1.5°C and 2°C will be exceeded during the 21st century unless deep reductions in carbon dioxide (CO2) and other greenhouse gas emissions occur in the coming decades.” This latest report, published in August 2021, underlines that we can and must act now to avoid the worst impacts of climate change.

Momentum is building toward decarbonization. Those who can go further and faster must do so now. Those who can go beyond neutral or zero should accelerate their actions to do so. Where possible, these efforts should come with a commitment by business to help others do the same – collaborating with customers, suppliers, communities and competitors to accelerate their transitions to a low-carbon future.

EY is delivering its carbon ambition, launched in January 2021, and continues to actively reduce its absolute emissions in line with its Science Based Targets Initiative (SBTi) validated 1.5°C pathway. This will bring EY to the more ambitious target of net zero in FY25.

FY21 emissions have been reduced, globally and across all scopes, both by the significant reduction in business travel due to COVID-19 and the ongoing process of our carbon action plan, which will continue to focus on the active reduction of emissions.

In FY21, EY emitted 394k tons of carbon dioxide equivalents (CO2e) compared to 976k tons of CO2e in FY20 – a decrease of 60%. The FY21 CO2e represents a 71% decrease from the 1,354k tons of CO2e emitted in the FY19 baseline year. However, the EY carbon ambition will help keep emissions below its 1.5°C pathway in FY22 and beyond, and EY will remain carbon negative as more usual business practices return.