Ernst & Young LLP Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Ernst & Young LLP's score of 75 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2024, Ernst & Young LLP reported total carbon emissions of approximately 50,368,000 kg CO2e. This figure includes Scope 1 emissions of about 437,000 kg CO2e, Scope 2 emissions of approximately 3,197,000 kg CO2e, and significant Scope 3 emissions, primarily from business travel (about 45,308,000 kg CO2e) and employee commuting (approximately 1,423,000 kg CO2e). Ernst & Young has set ambitious climate commitments, aiming to reduce absolute greenhouse gas emissions across all scopes by 40% by FY2025, using FY2019 as a baseline. This target includes a remarkable 93% reduction in Scope 1 and 2 emissions and a 32% reduction in Scope 3 emissions, which encompass business travel, employee commuting, and waste generated in operations. Additionally, the firm plans to increase its sourcing of renewable electricity from 41% in FY2019 to 100% by FY2025. Looking further ahead, Ernst & Young has committed to achieving net zero emissions by FY2050, with a near-term goal of halving emissions by FY2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the professional services sector. The emissions data and targets are cascaded from Ernst & Young LLP, which is part of the broader Ernst & Young Global Limited corporate family.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 181,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 1,187,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
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Ernst & Young LLP's Scope 3 Categories Breakdown
Ernst & Young LLP's Scope 3 emissions, which increased by 81% last year and decreased by approximately 7% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 50% of Scope 3 emissions.
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Ernst & Young LLP's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ernst & Young LLP has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Ernst & Young LLP's sustainability data and climate commitments