EY Carbon launched for net zero 2023 deadline

EY Carbon has been launched, backed by £100m of investment, will recruit over 1,300 professionals over the next three years in response to the Chancellor’s announcement during COP26 mandating all UK-listed businesses and financial institutions to publish net-zero plans by 2023.

Hywel Ball, EY UK chair, commented: “Transitioning to a net-zero economy will take a collective effort, from across the private and public sectors – sustainability is everybody’s business and we all need to play our part. Innovative thinking, transformational business models and rapid action are what’s needed to fast track the UK to a more sustainable future. It is also vital for businesses to have robust controls and assurance in place to mitigate the potential for greenwashing, enabling them to demonstrate the genuine strides they are making to minimise their impact on the environment.”

As well as supporting clients to reduce their environmental impact, EY is also taking action in its own business. In October last year, the firm announced that it had achieved its goal of becoming carbon negative in its UK operations and globally, underscoring its commitment to the environment and to driving sustainability-led growth. In 2020, EY also announced a 10-year zero carbon Power Purchase Agreement (PPA), which supports the building of a new solar power station project in Norfolk that will ensure that most of the electricity EY uses in the UK continues to be zero carbon.

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