EY is already carbon-neutral – and by 2050, Europe aims to be, too! What is it that EY can contribute to that goal? Su-Kim knows, has experienced it herself and tells us in this interview.
Hey Su-Kim, tell us about yourself: who are you and what are you doing at EY?
I am a Senior Consultant in the Climate Change and Sustainability Services (CCaSS) & Energy team within EY Germany. In 2017, I joined EY Australia and spent the last four years working across non-financial assurance and climate change advisory projects. This February, I transferred to Germany – swapping sunshine and freedom for snow and COVID-19 lockdown. However, I enjoy getting to know my new team and working with some great new clients.
What exactly is “EYCarbon” all about?
EYCarbon is a program that started right here in Germany and consists of three pillars: emissions reduction, climate neutrality and stakeholder engagement. It allows us to leverage expertise across all of EY’s service lines to offer bespoke, innovative and efficient solutions to our clients and their climate challenges. Ultimately, EYCarbon is a great initiative, both internally to EY for our own coordination, but also externally in terms of our value proposition and differentiation from our competitors. In Australia, I was able to witness first-hand how a company can benefit from a more strategic and holistic approach to climate change.
Europe aims to be carbon-neutral by 2050. How does EY support companies in achieving this goal?
We offer our customers a wide range of solutions in the field of climate change. From an assurance perspective, we play a key role in validating companies’ non-financial reporting information, so that investors and stakeholders can make informed decisions regarding companies’ efforts to reduce emissions. From an advisory perspective, we can support our clients with setting their emissions reduction targets, developing a decarbonization strategy, preparing a detailed emissions inventory and understanding how the decarbonization of the economy may affect their business, strategy and operations.
Can you tell us about the projects that are currently in the pipeline?
My passion and focus is climate risk, and since I joined EY, we have seen a big upswing in the management and disclosure of climate-related risks and opportunities. This is partly driven by the 2018 recommendations of the Taskforce for Climate Related Financial Disclosures (TCFD), which provides a consistent global framework for disclosure. As pressure from investors, stakeholders and regulators to disclose climate-related risks and opportunities continues to grow, we have initiated conversations with our clients concerning our solutions in this area. Now we hope to win a project very soon!
Su-Kim, what are your personal plans after your stay in Germany?
My plan is to return to Australia and continue with our EY CCaSS practice there, bringing my learnings and experiences from the German practice. Australia is quite a bit behind Europe in terms of climate policy, so I am keeping my fingers crossed that it will catch up while I’m away.
Is there anything else you would like to pass on to the readers?
I hope I have been able to enlighten you on some of the impactful work of EYCarbon and the CCaSS & Energy team, and maybe inspire you to make that international transfer within EY that you have already been thinking about!
Would you like to dig deeper into the topic of decarbonization? Discover some interesting input on our website – and if you prefer listening, treat yourself to the matching episode of our podcast EY Careers Spotlight!
Finally: if you are passionate about it, find a future-oriented job at EY and get involved on your own!