Ernst & Young Aims to Become Carbon Neutral

Big 4 firm Ernst & Young (FY18 net revenue of $14 billion) plans to reach carbon neutrality globally by the end of the year.

Ernst & Young says the firm will focus on reducing travel emissions, following sustainable procurement practices, and buying more energy from wind and solar sources. In addition, the firm anticipates purchasing carbon credits, and investing in projects such as reforestation that can help address emissions, according to environmentalleader.com.

Previous steps to reduce the firm’s carbon footprint include:

  • Designing an environmental strategy that aligns with the United Nations Global Compact
  • Working with hotel suppliers to lower emissions from Ernst & Young employees
  • Introducing global supplier code of conduct and procurement environmental criteria

Between FY17 and FY19, Ernst & Young says the firm decreased office energy emissions by more than 11%, resulting in a 25% reduction in energy emissions per full-time employee.

The firm has agreed to finance and construct two large-scale wind farms in Texas to become 100% powered by renewables this year. In the UK, the firm says it is pursuing a solar agreement for its power demands there.