Consulting and transaction services, EY and IBM have announced a global partnership to focus on environmental, social and governance (ESG) solutions that aim to help organisations accelerate business transformation with value-led sustainability.
As part of the partnership, EY and IBM will pursue solutions that help integrate sustainability within business strategy and support the performance of their programs.
EY brings experience with advising organisations on sustainability strategies and transformation, while IBM offers technology capabilities, including a portfolio of software to measure, deliver and report against sustainability goals. Both industry leaders are working to address the complexities of ESG data by delivering a deep understanding of emerging data standards.
EY and IBM plan to provide offerings integrated with technologies such as hyper-scale public cloud or enterprise resource planning (ERP) systems-of-record. In order to meet client preferences across diverse IT landscapes, these collaborative offerings are planned to include: Scope 3 greenhouse gas emissions accounting and management, ESG Managed Services and EY’s Sustainable Enterprise Asset Management (SEAM) tool for scope 1, 2 and 3 carbon capture, analysis, and decision support.
“In order for organisations to address an ever-evolving set of ESG challenges, solutions must be delivered and deployable at a faster pace than ever before,” said Steve Varley, EY Global vice chair – Sustainability. “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 at IBM Software, added: “A global energy crisis, rising costs and new regulations are among the ongoing and increasing challenges organisations face as they act to deliver upon their sustainability goals while still balancing revenue, and 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 organisation and IBM’s ongoing collaboration, including the recent launch of the Talent Center of Excellence and the EY-IBM Center of Excellence for Financial Services.
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