EY has collaborated with Carbon13 to build a program that supports entrepreneurs in creating new businesses whose primary objectives are to reduce CO2 emissions.
The announcement comes on the back of the recent launch of EY Carbon in the UK. EY Carbon’s remit is to advise and support listed businesses as they prepare their net-zero plans ahead of the 2023 deadline set by the UK chancellor during COP26.
Carbon13 was founded in 2019, with its core goal being to create scalable ventures with the combined potential to reduce CO2e emissions by 400 million tonnes or 1 percent of global emissions. Carbon13 was created to help 1,000 entrepreneurs build 200 start-ups, each of which has the potential to reduce emissions by at least 10 million tonnes per annum.
Every cohort of the program lasts eight months, with the first program launched in March 2021. EY worked with the first two cohorts and has committed to collaborating with the next three venture builder programs over the next two years.
Ben Taylor, EY global climate change and sustainability services strategy and markets leader said: “Collaboration is central to building sustainable solutions. EY’s support of Carbon13 aligns with our belief that sustainability is the innovation opportunity of our lifetime.”
“By supporting these entrepreneurs and their innovative ideas, we are supporting the development of some of the sustainable solutions best placed to positively impact business, people and the planet.”
Dr Chris Coleridge, Carbon13 CEO, said: “There are a number of entrepreneurs with some ground-breaking ideas, but the challenge is taking these from concept to reality much more quickly. By bringing together the collective power and expertise of EY to collaborate and offer advice and guidance to entrepreneurs, we will be better able to drive forward their plans and ambitions.”