Ernst & Young LLP, commonly referred to as EY, is a leading global professional services firm headquartered in the United States. Established in 1989, EY has grown to become a prominent player in the assurance, tax, transaction, and advisory sectors, with a strong presence in major operational regions including Europe, Asia-Pacific, and the Americas. EY is renowned for its commitment to delivering high-quality services that help clients navigate complex business challenges. Its core offerings, such as audit and assurance, tax advisory, and consulting, are distinguished by a focus on innovation and technology integration. With a reputation for excellence, EY consistently ranks among the top firms in the industry, recognised for its contributions to corporate governance and sustainability initiatives.
How does Ernst & Young LLP's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Ernst & Young LLP's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Ernst & Young LLP (EY) reported total carbon emissions of approximately 11,256,000 kg CO2e. This figure includes 489,000 kg CO2e from Scope 1 emissions, 1,308 kg CO2e from Scope 2 emissions (market-based), and 9,459,000 kg CO2e from Scope 3 emissions. The significant majority of their emissions stem from Scope 3, which encompasses indirect emissions from activities such as business travel and employee commuting. EY has set ambitious climate commitments, aiming to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 40% by FY2025, using FY2019 as the baseline. Within this target, they plan to achieve a 93% reduction in Scope 1 and 2 emissions and a 32% reduction in Scope 3 emissions. Additionally, EY is committed to increasing its annual sourcing of renewable electricity from 41% in FY2019 to 100% by FY2025. In January 2021, EY announced its carbon ambition to achieve net zero emissions by 2025, having already attained carbon neutrality in 2020. This commitment involves reducing, offsetting, and removing more carbon from the atmosphere than they emit. The emissions data and targets are cascaded from their parent organization, Ernst & Young LLP, which is part of a larger corporate family structure. EY's targets align with the Science-Based Targets initiative (SBTi), ensuring that their reduction goals are consistent with the global aim to limit warming to 1.5°C.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Scope 1 | 27,000 | 00,000 | 00,000 | 000,000 |
Scope 2 | 517,000 | 000,000 | 000,000 | 0,000 |
Scope 3 | 7,747,000 | 0,000,000 | 0,000,000 | 0,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ernst & Young LLP is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.