EY and IBM have announced a global collaboration focused on environmental, social, and governance (ESG) solutions aimed at aiding organisations in accelerating business transformation through sustainability-driven value. Their joint efforts will concentrate on developing innovative offerings to seamlessly integrate sustainability into business strategies, expedite program implementation at scale, and revolutionise value creation for businesses, stakeholders, employees, and the planet. Bringing together EY’s extensive experience in advising organisations on sustainability strategies and transformation with IBM’s innovative technology capabilities and software portfolio for measuring, delivering, and reporting on sustainability goals, the collaboration aims to tackle the complexities of ESG data by leveraging deep insights into emerging data standards. EY and IBM plan to offer orchestrated solutions leveraging leading technologies like hyperscaler public cloud or ERP systems-of-record. These collaborative offerings are intended to cater to client preferences across diverse hybrid IT landscapes and may include services such as
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Scope 3 greenhouse gas emissions accounting and management
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ESG Managed Services
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EY’s Sustainable Enterprise Asset Management (SEAM) tool for comprehensive carbon capture, analysis, and decision support across scope 1, 2, and 3 emissions
The collaboration is set to harness EY’s Climate Change and Sustainability Services and Technology Consulting practices along with IBM’s software suites, 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 develop frameworks and accelerators facilitating companies’ operationalisation of decarbonisation action plans at the asset level.
Source- EY and IBM collaborate to address complex ESG challenges and drive value-led sustainability | EY
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
Connect with the experts at contact@acuitykp.com
