The EY organization (EY) and IBM are collaborating 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, according to the companies.
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:
“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,” said Kareem Yusuf, Ph.D., senior vice president, product management and growth, IBM Software.
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.
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