- Help clients manage environmental, social and governance
(ESG) matters, work together to build business strategy and
demonstrate positive correlation between purpose and financial
performance
- Combine EY and IBM capabilities to help address increasing
requirements and help operationalize client improvement
programs
- Integrate technologies to help address the complexities of
ESG data volume and types and customer Hybrid IT
preferences
LONDON, March 8, 2023 /PRNewswire/ -- The EY organization
(EY) and IBM (NYSE: IBM) today announce a global collaboration to
focus on environmental, social and governance (ESG) solutions that
aim to help organizations accelerate business transformation with
value-led sustainability. EY and IBM teams will pursue innovative
offerings that help integrate sustainability with business
strategy, support the operationalization of their programs with
speed and scale, and transform how value is created for their
business, their stakeholders, their people and the planet.
EY teams bring extensive experience advising organizations on
sustainability strategies and transformation, while IBM offers
innovative technology capabilities, and a portfolio of
software to measure, deliver and report against sustainability
goals. Both industry leaders are working to address the enormous
complexities of ESG data by bringing deep understanding of emerging
data standards.
EY and IBM teams plan to provide offerings orchestrated with
leading technologies such as hyperscaler public cloud or ERP
systems-of-record. To meet client preferences across diverse hybrid
IT landscapes, collaborative offerings are planned to
include:
- Scope 3 greenhouse gas emissions accounting and management
- ESG Managed Services
- EY Sustainable Enterprise Asset Management (SEAM) tool for
scope 1, 2 and 3 carbon capture, analysis and decision support
This collaboration is expected to leverage the EY organization's
leading Climate Change and Sustainability Services and Technology
Consulting practices, along with IBM's software including the IBM
Envizi ESG Suite, IBM Environmental Intelligence Suite, IBM Maximo
Application Suite, IBM TRIRIGA Application Suite, IBM Turbonomic
Application Resource Management (ARM) and IBM Supply Chain
Intelligence Suite, to create a set of frameworks and accelerators
to help companies operationalize decarbonization action plans at
the asset level.
EY and IBM teams are already collaborating in many ways to
deliver value-led sustainability, including:
- EY SEAM tool, leveraging IBM Maximo Application Suite, helps
organizations capture and calculate carbon emissions data, report
it according to regulations and set targets to drive action. The
tool can be used on any public cloud to support organizations in
asset-heavy industries such as civil infrastructure, telecom,
energy, mobility and manufacturing.
- EY Sustainable Travel Approval Tool (STAT), developed in
collaboration with IBM Consulting, is designed to encourage
employees to book more sustainable travel choices and support an
organizations' carbon ambition by providing users with greater
visibility to both the financial and carbon footprint impact of
business travel. Since its launch within the EY organization across
41 markets, the tool has considerably cut one-day travel down from
18% to 3% of total trips, and increased train rail bookings to 36%
compared to 10% in FY19, in countries where train rail is a viable
option.
Steve Varley, EY Global Vice
Chair - Sustainability, says:
"In order for organizations to address an ever-evolving set of
ESG challenges, solutions must be delivered and deployable at a
faster pace than ever before. The value of this deepened and
longstanding alliance is in how it leverages the consulting and
technology capabilities of both EY and IBM teams, to be at the
forefront of how clients plan and accelerate their ESG journey and
build trust with their most critical stakeholders."
Kareem Yusuf, Ph.D., Senior Vice
President, Product Management & Growth, IBM Software, says:
"A global energy crisis, rising costs and new regulations are
among the ongoing and increasing challenges organizations
face as they act to deliver upon their sustainability goals
while still balancing revenue, risk and driving shareholder
returns. IBM's expanded collaboration with EY is a critical step
forward in helping our joint clients accelerate their most pressing
sustainability and business objectives."
This work builds on the EY organization and IBM's ongoing
collaboration including the recent launch of Talent Center of
Excellence and the EY-IBM Center of Excellence for Financial
Services.
More information on the EY-IBM Alliance, here.
Terms and details of definitive agreements to be finalized.
Statements regarding IBM's future direction and intent are subject
to change or withdrawal without notice, and represent goals and
objectives only.
About EY
EY exists to build a better working world, helping create
long-term value for clients, people and society and build trust in
the capital markets.
Enabled by data and technology, diverse EY teams in over 150
countries provide trust through assurance and help clients grow,
transform, and operate.
Working across assurance, consulting, law, strategy, tax, and
transactions, EY teams ask better questions to find new answers for
the complex issues facing our world today.
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. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. Information about how EY collects and uses
personal data, and a description of the rights individuals have
under data protection legislation are available via
ey.com/privacy. EY member firms do not practice law were
prohibited by local laws. For more information about our
organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of
the global EY organization that also does not provide any services
to clients.
About IBM
IBM is a leading global hybrid cloud and AI, and business
services provider, helping clients in more than 175 countries
capitalize on insights from their data, streamline business
processes, reduce costs, and gain the competitive edge in their
industries. Nearly 3,000 government and corporate entities in
critical infrastructure areas such as financial services,
telecommunications and healthcare rely on IBM's hybrid cloud
platform and Red Hat OpenShift to affect their digital
transformations quickly, efficiently, and securely. IBM's
breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and business services deliver
open and flexible options to our clients. All of this is
backed by IBM's legendary commitment to trust, transparency,
responsibility, inclusivity, and service.
For more information, visit www.ibm.com.
Statements regarding IBM's future direction and intent are
subject to change or withdrawal without notice and represent goals
and objectives only.
Barbara Dimajo
EY Global Media Relations
barbara.dimajo@ey.com
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