EY Greater China today released its FY2023 Environmental, Social and Governance (ESG) report. According to the report, EY has reduced about 82 percent through initiatives such as green office and resource conservation15 tonnes of CO2 emissions, equivalent to planting 4,564 trees; Over the past five years, a cumulative reduction of 39139 tonnes of CO2 emissions, equivalent to planting 21,744 trees. At the same time, EY actively promotes the innovation of services and tools in the field of sustainability across all business lines, and EY Global has been recognized as a "Leader" in global ESG and sustainability strategy consulting services by the International Data Corporation (IDC).
Accelerating the green transformation of the development mode and promoting green and low-carbon economic and social development are the key links to achieve high-quality development, and green environmental protection is one of the new growth engines of China's economy. The first financial work conference held this year clearly regarded "green finance" as one of the five major articles for building a financial power, and further promoted the realization of the "double carbon" goal and sustainable development.
Kai Chen, Chairman of EY China and CEO of Greater China, said, "It has become the mission of the times to practice ESG concepts and promote green and sustainable development. EY integrates climate change-related risks and opportunities into its overall growth strategy, invests in services and solutions that help clients achieve profitable business decarbonization, and provides technical support for other sustainability challenges and opportunities. In 2023, EY launched the 'EY ESG Handheld Carbon Calculator, Digital Intelligence Communication' and the 3060 Carbon Management System20 version and other smart products and tools, becoming the first batch of green certification bodies in the country that are allowed to practice independently. This year is also the third consecutive year that EY has released its ESG report, which systematically reviews the positive results of our ESG practices in value creation, green operation, ecological co-construction, people-oriented, and caring for society in the past year. ”
Ernst & Young Greater China Managing Partner Shunjie Bi said, "As an important investment decision-making indicator, the concept of ESG has become an international consensus. ESG takes into account the multi-dimensional values of environment, society, and corporate governance, and is highly consistent with the new development concept of innovation, coordination, green, cooperation, and sharing proposed by China. EY hopes to pool the knowledge and strength of all parties to build a platform for exchange and sharing experience while achieving sustainable development for itself, and actively explore the path of innovative, green and high-quality sustainable development for Chinese enterprises. ”
At the press conference, Jing Li, Climate Change & Sustainability Partner, Financial Services, EY Greater China, and Director of ESG Management Office, introduced the content of the report and the ESG highlights of EY Greater China in FY2023.
"In order to create, enhance and sustain business value, companies need to consider how to meet the needs and expectations of more stakeholders than just shareholders, not just key financial indicators and earnings performance, but also to create an ecosystem of value co-creation that measures success along with environmental sustainability, employee engagement, multi-party collaboration and deeper social impact and financial performance," said Li. Companies need to focus on ESG sustainability, strategy and business transformation, and take immediate and effective actions to manage their ESG performance by improving the scope and quality of ESG reporting. ”
Facing the future, a firm commitment to sustainable development is an inevitable choice for EY to work with all stakeholders for a win-win situation. EY will actively practice the ESG concept, promote sustainable development at the strategic level, improve the sustainable development mechanism from the governance level, implement sustainable development arrangements from the implementation level, adhere to the simultaneous development of technological innovation and green and low-carbon, and contribute more EY wisdom to the green transformation and sustainable development of the economy and society.
Author: Tang Weijie.
Text: Tang Weijie Picture: Data**Editor: Shang Hui Responsible Editor: Rong Bing.
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