The EY organisation (EY) and IBM have announced a global collaboration to focus on environmental, social and governance (ESG) solutions that aim to help organisations accelerate business transformation with value-led sustainability. EY and IBM teams will pursue innovative offerings that help integrate sustainability with business strategy, support the operationalisation of their programmes 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 organisations 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 EY’s eading 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 operationalise decarbonisation action plans at the asset level.
EY and IBM teams are already collaborating in many ways to deliver value-led sustainability. Kareem Yusuf, PhD, Senior Vice President, Product Management and Growth, IBM Software, said: “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, 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.”
