EY achieves carbon negative status, leading business sustainably

KUALA LUMPUR, Oct 22  -- EY is leading the way in sustainable business by achieving carbon negative status after having reduced absolute emissions and offsetting and removing more carbon than it emits.

Global chairman and chief executive officer Carmine Di Sibio said businesses need to take the lead and the reality is that carbon neutrality simply is not enough if businesses are to deliver a sustainable planet for future generations.

“Today’s announcement will make a real difference as the world transitions toward a low-carbon future and EY will continue to take actions that create long-term value for EY people, clients, and communities around the globe,” he said in a statement.

EY global financial year 2021 (FY21) emissions (394,000 tonnes of CO2e) were reduced by 60 per cent compared to FY20 (976,000 tonnes of CO2e), achieved through a significant reduction in business travel due to the COVID-19 pandemic and the ongoing delivery of the EY seven-point carbon action plan.

This also represents a 71 per cent decrease from the 1,354,000 tonnes of CO2e emitted in the FY19 baseline year.

 As the EY organisation resumes business travel and returns to offices and clients, EY teams will continue to keep emissions below the Science-Based Targets Initiative (SBTi)-validated 1.5°C pathway in FY22 and beyond.

EY will remain carbon negative as it works toward net zero in 2025.

-- BERNAMA