New BCSDH-member company: EY Hungary

Established in 1989, EY Hungary serves clients with a wide range of services, from accounting, auditing, tax and legal advisory, transaction and startegic consulting to build a more sustainable and inclusive economy, to initiatives to promote long-term value creation and reporting among business stakeholders in the context of promoting sustainability.

The company has been committed to the 10 principles of the UN Global Compact and the Sustainable Development Goals since 2009.

EY Global achieved carbon negative in 2021 and 2022 and has set a target of net zero by 2025.

This is to be achieved first by significantly reducing absolute carbon emissions and then by continuing to reduce and offset them year on year. To this end, the following measures will be put in place: Reducing emissions from business travel so that emissions from business travel are reduced by 35% by 2025 compared to FY 2019; reducing office electricity use, meeting the remaining demand from 100% renewable sources, and achieving RE100 membership in FY 2025; transforming our contracts with electricity suppliers to return more renewable electricity to the national grid than they use; using nature-based solutions and carbon-reducing technologies to remove and neutralise more carbon from the atmosphere than is emitted each year; equipping their colleagues with the tools to calculate and then reduce carbon emissions associated with client work; requiring their suppliers, who account for 75% of EY’s expenditure, to set science-based targets by the financial year 2025; developing services and solutions to help their clients create value from reducing their carbon emissions; and offering solutions to other sustainability challenges and opportunities.

Their global corporate social responsibility programme, EY Ripples, aims to make a positive difference in the lives of one billion people by 2030 in three key areas: supporting the next generation of workers; partnering with entrepreneurs who make a social and/or environmental impact; and accelerating environmental sustainability. In the financial year ending 30 June 2023, they have positively impacted the lives of 46 million people, and more than 127 million people overall to date.

Transparency plays a key role in the operation of the company: they support the transparency objectives of the European Union (EU) Regulation 537/2014 and Act LXXV of 2007 on the Hungarian Chamber of Auditors, Auditing Activities and Public Oversight of Auditors and therefore they publish their annual transparency report in line with these.

They work and operate in the spirit that sustainability is everyone’s business. Therefore, as an organisation, they form alliances and collaborations to achieve large-scale change. By joining the BCSDH, they also look forward to creating new opportunities to advance this common goal.