EY has announced a commitment to reach carbon-neutrality by the end of 2020.
It claims it the first ‘Big Four’ organisation in the world to announce such plans and says it will reach the goal through a combination of reducing and offsetting its emissions.
It notes in order to rapidly improve its environmental performance and drive long-term, sustainable growth, it will work to reduce travel emissions, support sustainable procurement practices and purchase more renewable energy to power the company’s global offices.
The corporate giant adds it will purchase carbon credits and invest in carbon-reduction projects such as reforestry programmes to offset emissions that it will be unable to directly avoid by 2020.
The move comes as part of an expansion of the firm’s global sustainability strategy, which outlines how the firm will also support clients in their own decarbonisation plans.
Carmine Di Sibio, EY Global Chairman and CEO, said: “Protecting the planet for future generations is an important issue for EY people and becoming carbon-neutral this year is a real step forward on the EY sustainability journey. As an organisation that spans more than 150 countries, with varying views and ambitions on climate change, we recognise this is no easy feat.
“However, with over 284,000 EY people who are dedicated to our purpose of building a better working world, EY has a once-in-a-lifetime opportunity to take immediate action to create sustainable, inclusive growth for generations to come.”