EY announces 60% emission reduction

Thursday 11 November 2021

EY reduced its carbon emissions by 60% between 2020 and 2021 after setting a target to reduce its emissions by 40% by 2025.

Its FY21 emissions (394k tons of CO2e) reduced by 60% compared to FY20 (976k tons of CO2e), which the firm says was achieved through a significant reduction in business travel due to the covid-19 pandemic and the ongoing delivery of its ‘carbon action plan’.

This also represents a 71% decrease from the 1,354k tons of CO2e emitted in the FY19 baseline year.

As EY resumes business travel and returns to offices and clients, the firm said its teams will endeavour to keep emissions low and that it will remain ‘carbon negative’ as it works toward net zero in 2025.

Francis Malaspina, Associate Partner at EY in Jersey, said: “After becoming carbon neutral in 2020, EY looked at the latest climate data and decided it could, and should, do more. The reality is that becoming carbon neutral is a good first step but it isn’t enough on its own, and those - like EY - who have the ability to go further and faster must do so now. 

“In Jersey, as well as being a member of the ESI Monitor’s Environmental Business Operations Award, we are a certified leader of the eco active business network, where we have an ongoing commitment to take action to manage our impacts on the local environment so we can contribute to our global commitments. We are proud to be one of those organisations setting the standard on carbon negativity and we urge others to do the same.”