EY and IBM have joined forces in a global collaboration to focus on ESG solutions to help organizations accelerate business transformation with value-led sustainability.
Both companies will pursue innovative offerings that will 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.
This collaboration combines EY teams’ extensive experience on sustainability strategies and transformation, and IBM’s innovative technology capabilities along with a portfolio of software to measure, deliver and report against sustainability goals.
EY and IBM teams plan to provide offerings orchestrated with leading technologies including: scope 3 greenhouse gas emissions accounting and management, ESG managed services, and EY Sustainable Enterprise Asset Management (SEAM).
Additionally, to deliver value-led sustainability, EY and IBM teams plan to leverage the EY SEAM tool and the EY Sustainable Travel Approval Tool (STAT), developed in collaboration with IBM Consulting.
Kareem Yusuf, Ph.D., 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 organizations face as they act to deliver upon their sustainability goals while 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.”
Steve Varley, EY global vice chair – sustainability, said: “In order for organizations to address an ever-evolving set of ESG challenges, solutions must be delivered and deployable at a faster pace than ever before. 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.”