At EY Belgium the environmentally linked priority topics of energy efficiency, mobility and use of green products are the key areas where we feel we can achieve quick gains. Topics like digital transformation, recovery from the pandemic, geopolitical instability, the instable macroeconomic environment, distorted value chains, climate change and sustainability are some of the biggest challenges companies and society face today. Annual & Sustainability Report 2021/2022 | EY Norway Trending The Board Imperative: Is your people strategy human enough? Our focus this year is on three of the biggest megatrends reshaping the industry: 1. We are encouraged by this improvement but are also committed to take further action as sustainability criteria evolve. By contributing with support and mentors to a mentor program across cultures, we hope to create valuable relations and a more future-oriented working life. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. In October 2021, EY became carbon negative, e.g., EY globally reduced its total emissions and offset and removed more carbon than it emitted, and we are on track to reach our target to become net zero in 2025. In this analysis, we worked step by step. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. 2020 EYGM Limited. EY helps clients create long-term value for all stakeholders. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. EY | Assurance | Consulting | Strategy and Transactions | Tax. EY helps clients create long-term value for all stakeholders. This years SFI found that 80% of institutions have a policy on up-skilling and re-skilling employees, up from 62% in 2018. Our aim is to give back to the communities as much as possible through these initiatives. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Thus, our new way of working will perfectly balance work and well-being. Based on annual disclosures, the EY Sustainable Finance Index leverages data collated by third-party data aggregators to benchmark more than 1,100 financial services institutions across more than 200 ESG parameters, including: The data is standardized based on organizational size, where necessary, and is used to generate two key metrics: A relative score on a scale of zero to 10, for each parameter assessed, where the best performance for any given parameter in the entire historical dataset rates as a 10 and non-disclosure or the worst performer equates to zero. Insurers reported an average emission of 6.49 tonnes per US$1m gross written premiums in 2021, nearly doubling the 3.32 tonnes reported in 2018. All citizens in a society have valuable competence,because different perspectives together can contribute to unique solutions. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. Banks are the laggards here, while insurers and wealth and asset managers have made significant progress. The banks in the index reported an average emission of 1.18 tonnes per US$1m assets in 2021, up from 0.85 tonnes in 2018. Get in touch to learn more. EY Global Banking & Capital Markets Lead Analyst EY Knowledge. Yet, findings reveal that much greater progress is needed, particularly in the areas of disclosure, data protection, privacy, gender diversity and up-skilling talent. The challenges of our time depend on our ability to understand the competence of others and how we ourselves can contribute to a better future. Against this background, EY is actively contributing to an economic system that is fairer, more trustworthy and capable of addressing humanitys most profound challenges. We are proud of the steps we have taken so far, but the sustainability transformation has just begun. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Despite these gains, today only 36% of banks, 35% of insurers and 34% of wealth and asset managers provide these disclosures. By bringing together the power of diverse perspectives, investing in transformative technology and pursuing world-class alliances and acquisitions we help clients create trust and lasting value for their own stakeholders, customers and communities. Approximately 40% of those that consistently report emission data failed to reduce emissions from 2018 to 2021. At a time when companies could have shifted focus away from sustainability, many financial services organizations have increased their efforts, improving both their ESG disclosures and performance on underlying ESG measures. Our 2022 corporate responsibility report shares how we: How were creating long-term value for our people, our communities and our clients. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. We are proud to share our commitment which is illustrated by some examples of efforts and initiatives we have been conducting over the past year. Learn more, Aligning intention with action is how we're creating a ripple of positive change through our communities tofoster diversity, protect the environment, support education and fuel entrepreneurship. Corporate responsibility professional passionate to contribute every day to a better working world by integrating sustainable thinking in every business action and decision. Notably, wealth managers, which disclosed the least in 2018 with a disclosure rate of 72%, have surpassed banks and insurers in disclosures, at 83%. Discover how EY insights and services are helping to reframe the future of your industry. In addition, one of our main priorities is to integrate sustainability into all the services we provide to our clients. The Board Imperative: Is your people strategy human enough? More than half of the parking lots are equipped with charging stations. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. We also inspire our people to embrace responsible consumption and decision making to accelerate the environmental sustainability of our operations and value chain. Our teams provide sector-specific solutions in areas such as sustainability strategy, decarbonization (EYCarbon), sustainable supply chains and products, ESG reporting and technology, ESG risk and opportunity management, energy transition and renewables, green infrastructure, green tax, mobility, cultural transformation and sustainable finance. We have invited our partners to vote on our proposal to separate into two distinct organizations. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Review ourcookie policyfor more information. First, by identifying key material ESG topics and then defining KPIs and targets that match our sustainability ambition, we aim to make our efforts tangible and transparent for all our stakeholders. Our EY Switzerland Sustainability Report 2022, adhering to the Global Reporting Initiative (GRI) Standards 2021, covers the reporting period 1 July 2021 to 30 June 2022. We look forward to sharing our vision for the future and will certainly continue to create sustainable value for our employees, clients, and society by Building a Better Working World. The first year of EU Taxonomy reporting - EY A world in which we can leave our positive mark on society for future generations. We have detected that you have enabled the Do Not Track setting in your browser; as a result, Advertising/Targeting cookies are automatically disabled. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Review ourcookie policyfor more information. Moreover, there is an outstanding connection to public transport with a railway station within walking distance, as well as a future tram stop in front of the building. However, there are notable regional and sectoral variations within that strong overall performance. Asking the better questions that unlock new answers to the working world's most complex issues. Why the potential end of cash is about more than money. Brick by brick, were driving progress. This is especially true as our business makes long-term commitments to achieve our carbon ambition, increase diversity, equity, and inclusiveness in our workforce, and contribute to the prosperity of the communities in which we operate. Our focus on diversity, equity and inclusiveness is one of our dedicated causes, and we work on several fronts to succeed in creating the industrys most inclusive workplace. EY Luxembourg Sustainability Report | EY Luxembourg Select your location Close country language switcher, EY Global Financial Services Sustainable Finance Leader. We assessed the material topics against the SDGs at target level and identified that we can especially contribute to the eight goals set out below. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Todays world is experiencing unprecedented social inequalities and climate-related challenges that have been further exacerbated by the COVID-19 crisis and require immediate action by all. We are committed to creating long-term value for our stakeholders: EY clients, people and society. In terms of governance, our main focus lies on the alignment of our material topics with the principles of the UNGC and SDGs and on the further roll-out of our LEAD tool (leadership evaluation and development), anti-corruption, ethics, and quality risk management. See how were building a better working world for our people, clients, communities and the planet. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Still, there are significant variations based on sub-sector and region, as detailed below. Amplifying impact. Innovation is at the core of a future-oriented business. Disclosure rates for both banks and insurers were 66% in 2018, which increased to 68% and 70%, respectively, in 2021. The Sustainability Report applies the Global Reporting Initiative (GRI) Standard 2021 and describes our sustainability commitments, elaborates on progress towards those commitments, and discloses the performance in the past financial year against set KPIs and our material topics. Please refer to your advisors for specific advice. Hence, our office operations pose no significant risks for the environment. It is assumed that the voting, which will take place on a country-by-country basis, can be finalised in early 2023. remember settings), andPerformance cookies to measure the website's performance and improve your experience., and Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. In adherence with the Global Reporting Initiative (GRI), we provide detailed information on topics material to our business and our stakeholders. Ernst & Young Limited is a Swiss company with registered seats in Switzerland providing services to clients in Switzerland. We have reduced EY carbon emissions globally by 56% from our FY19 baseline, ensuring that we remain on track for our 2025 net-zero target. As we continue our journey towards building a better working world, we are aware that long-term success can only be achieved step by step. Our new futureproof building is part of a brand-new development in Diegem called The Wings. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, How Yara is preparing for global disruptions from climate change, How an acquisition helped Orifarm prepare a prescription for growth, M&A strategy helped a leading Nordic SaaS business grow, A glimpse into the ideas behind the Nordic EY Hybrid Model. A record 97% of respondents to the EY Global Integrity Report 2022 agree that integrity is important. The proportion increased from 43% in 2018 to 55% in 2021. We will be using LED lighting, climate ceilings, heat pumps occupation measurement to minimize energy usage, as well as solar panels and passive cooling to maximize our on-site renewable energy production. Sharing your knowledge and skills with those who may be less fortunate or educated can be incredibly rewarding. We are looking forward to co-shaping our own sustainability journey as well as that of our clients. Second, while we are inspired by the myriad EY initiatives at the global level, we are keen to select and implement our own bespoke local programs and initiatives. Consider how firms are performing on emissions intensity (the average emission per US$1m in assets, assets under management (AUM) or gross written premiums): Reduced emissions can only be achieved by increasing climate-aligned investments and financial inflows, with a simultaneous shift away from investing in emissions-intensive projects over the next few years. EY has the potential to impact those SDGs through our client service delivery, sustainable economic growth, community investment and our role in informing public discourse. Select your location Close country language switcher. By 2025, we want to achieve a platinum rating. Wilmar was ranked second globally out of 127 companies in 2022. A major step toward achieving this goal and delivering on our seven-point action plan was to become globally carbon negative as of October 2021. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you. We have developed the environmental agenda and priorities in alignment with the environmental commitment outlined inEYs Global Environmental Statement. A significant proportion of financial services firms remain reluctant to link board and executive compensation with the achievement of ESG targets. For EY Norway, the 2022 financial year was a record year. The EY Switzerland Sustainability Report 2022 outlines our sustainability strategy and commitments, describes main actions and initiatives and highlights progress towards set KPIs. The CEO Imperative: Rebound to more sustainable growth. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. Ensures that banks, insurance companies and asset managers receive innovative services. Women represent 49% of total employees across the industry, but there continues to be much lower representation at the top levels of the organization; just 38% of managerial positions across all subsectors are held by women. EY Switzerland, in alignment with EYs global climate target, has committed to reducing its GHG emissions by the same amount by 2025. EY Switzerland is committed to executing its sustainability strategy and transparently reports on its progress against set targets with this Sustainability Report. Country Managing Partner, Nordic Chief Sustainability Officer, EY Norge. Like what youve seen? EYs Global Human Rights Statement reflects the EY Global Code of Conduct and the United Nations Principles on Business and Human Rights. We believe that creating long-term value is about driving inclusive growth not only through financial value but also through responsible business practices. The leading third of firms in our 2018 index (mostly larger institutions from developed regions, particularly Europe) are still setting the pace in 2021, driven by pressure from regulators and investors. Through our work, we help business create value for sustainability as well as helping sustainability create value for business, reframing how business approaches sustainability and putting it at the center of how value is created. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. EY helps clients create long-term value for all stakeholders. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. A closer look at this years scores reveals a few key trends: Better data and consistent methodologies will enable financial institutions to take stronger actions and bolder steps toward improvement. By financial year 2025, EY Switzerland will improve gender balance in our governance bodies to 30%, compared to 26% in 2022. This improvement should enable financial services companies to strengthen their reputation and attract talent. We have detected that you have enabled the Do Not Track setting in your browser; as a result, Advertising/Targeting cookies are automatically disabled. The Global Procurement Policy includes our Supplier Code of Conduct, which provides guidance on the highest levels of legal, ethical, environmental and employment-related standards that our suppliers must adhere to. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. People increasingly consider the positive social and environmental impact to be a core part of their professional projects, and they also require more transparency and benchmarks of ESG performance. Does this building have any other advantages compared to your current building? Our 2022 corporate responsibility report shares how we: Create diverse, equitable and inclusive workplaces where our people feel they belong. We believe in building a better working world, where everyone can contribute to and share the benefits of sustainable economic growth. EY research confirms that financial services firms are expanding and accelerating their sustainable finance efforts, after a pandemic-led slowdown in 2020. None of our offices is located in a Key Biodiversity Area (KBA). Sustainability is now firmly back at the top of board agendas globally and the data shows that small changes can result in large-scale progress. EY is a global leader in assurance, tax, transaction and advisory services. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Among European institutions, nearly 60% of institutions have linked executive members' compensation to sustainability targets, compared to only three in 10 in North America and the Asia-Pacific region. Connect with an EY professional, find an office or stay informed by subscribing to one of our newsletters. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Annually, we participate in the St. Gallen Diversity Benchmarking to assess EY's progress in Diversity, Equity and Inclusiveness and compare ourselves with other Swiss companies and the Swiss consulting industry. PDF EY US Sustainability Impact Report: FY 2021 (pdf) As more EU nations adopt the Directive, the level of disclosure by European institutions will likely rise. We have detected that Do Not Track/Global Privacy Control is enabled in your browser; as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. Third, leading by example has always been a characteristic of our organization, and in doing so we rarely take the path of least resistance. Request for proposal (RFP) - exclusively for Switzerland. In cooperation with SHE Community, we have also published the fifth edition of SHE Index Powered by EY, where one focus area is gender balance at management level. The EY Sustainable Finance Index 2022 shows that the financial services industry is reaffirming its commitment to sustainability. Please refer to your advisors for specific advice. Yet this is precisely what pushes us to help our stakeholders innovate and pursue their sustainability efforts. Contact us Request for proposal (RFP). Our procurement process is guided by the Global Procurement Policy, which is applicable for the purchase of all goods and services and for selecting suppliers and awarding contracts. Sustainability remains near the top of the agenda for financial services firms, but what progress are they making? More broadly, only one-third of firms disclose their scope 1-3 emissions data. It is fundamental to us to continue delivering high quality, managing risk, protecting EY people and meeting regulatory requirements. PDF FOR IMMEDIATE RELEASE News Release Wilmar Releases Sustainability More than an office, this new building will be a place where well be able to meet and interact with our colleagues and clients. We have positively impacted more than 81 million lives . The CSRD aims to ensure that companies publicly disclose adequate information about the risks, opportunities and impacts of their activities on people and the environment. Is finance the biggest hurdle in the race to net zero? Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. All our service lines are performing well and continue to deliver value for our clients, colleagues and society. Looking ahead, FY23 will be pivotal in deciding the future path of the global EY organization. Learn more, Bolder questions generate better outcomes. To ensure that the Code of Conduct is embedded into our organizations culture, all EY people, regardless of individual role, position or practice, file an annual confirmation affirming that they have read, understood and will act in accordance with the Code of Conduct.