EY, a global leader in assurance, tax, strategy, transaction and consulting services, has announced a series of new green initiatives to support China’s ambitious goal of achieving carbon neutrality by 2060. The initiatives include expanding its green product portfolio, enhancing its green project assessment capabilities, and strengthening its information disclosure standards.
EY’s green product portfolio
EY has been developing and offering a range of green products to help its clients and stakeholders address the environmental, social and governance (ESG) challenges and opportunities in China. Some of the green products include:
- EY Climate Change and Sustainability Services (CCaSS), which provides integrated solutions to help clients measure, report and reduce their carbon footprint, as well as identify and seize the business opportunities arising from the low-carbon transition.
- EY Green Finance Services, which helps clients access the green finance market, design and implement green finance strategies, and comply with the green finance standards and regulations in China and abroad.
- EY Green Tax Services, which helps clients optimize their tax position, leverage the tax incentives and benefits for green investments and activities, and manage the tax risks and implications of the green transition.
EY’s green project assessment capabilities
EY has also been enhancing its capabilities in assessing the environmental and social impacts of green projects, especially in the areas of renewable energy, green transportation, green buildings, and green industry. EY has established a team of experts and professionals with rich experience and knowledge in green project assessment, and has adopted the internationally recognized methodologies and tools to conduct the assessment. EY has also been collaborating with various institutions and organizations, such as the China Green Finance Committee, the China Academy of Social Sciences, and the World Bank, to improve the assessment standards and practices in China.
EY’s information disclosure standards
EY has been committed to improving its information disclosure standards and transparency on its own green performance and impact. EY has been publishing its annual EY Global Sustainability Report since 2008, which discloses its ESG performance, achievements and goals in accordance with the Global Reporting Initiative (GRI) standards. EY has also been participating in the Carbon Disclosure Project (CDP) since 2009, which is a global initiative that encourages companies and organizations to disclose their greenhouse gas emissions and climate change strategies. EY has achieved the A- rating in the CDP Climate Change 2020 report, which is higher than the average rating of the professional services sector.
EY’s green initiatives are aligned with China’s national strategy and vision of building an ecological civilization and achieving carbon neutrality. EY is determined to support China’s green development and contribute to the global efforts to combat climate change.
