RVBA-EYXConsulting

EY — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (4/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news· 11 ESG-tagged · GDELT

tagged categories: climate · governance · controversy · M&A · regulatory

Source: GDELT 2.0 DOC API · ESG-keyword filtered · 3-month trailing window.

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

annual report ↗integrated report ↗

Climate · carbon footprint (tCO2e)

Scope 1	1,122
Scope 2 (market-based)	2,628
Scope 3	40,927
Cat 1 · Purchased goods	18,399
Cat 6 · Business travel	14,926
Cat 7 · Employee commuting	5,143
Gross carbon footprint	44,677
Net carbon footprint	44,677

Energy (kWh)

Renewable energy %

57%

P&L highlights (USD)

Headcount (FTE)	11,583people
Revenue	1.9B
Total operating expenses	(895M)

Balance sheet highlights (USD)

Property, plant & equipment	82M
Right-of-use (leased) assets	207M
Total assets	2.1B
Total debt	262M
Cash & equivalents	289M

Events 2025· 24

First CSRD/ESRS-aligned sustainability report (voluntary)

FY25 marks the first sustainability report aligned with CSRD/ESRS, transitioning from prior GRI-based framework. CSRD reporting becomes mandatory for EY Deutschland from FY28. Comparability with prior reports is limited.

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Service line restructure - prior period comparatives restated

The 2024 comparatives have been updated to reflect a change in the service line structure, increasing Assurance services fee income by £36m with corresponding decrease in Consulting services.

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Decrease in DEFRA conversion factors for air travel

Financial emissions intensity decrease in FY25 was primarily driven by a decrease in GHG emissions conversion factors for air travel within the UK Government Conversion Factors for Company Reporting. This affects year-over-year comparability of business travel emissions.

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FY25 SBTi target review against latest criteria

In January 2021 EY announced a global SBTi-validated target to reduce absolute emissions by 40% across Scopes 1, 2 and 3 by FY25 vs FY19 baseline. EY committed to review these targets against the latest criteria after five years (FY25). New strategy launched targets net zero by FY50.

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New EY Global Environment Strategy with FY30 and FY50 net-zero targets

Launched in early 2025, the new EY Global Environment Strategy includes a near-term target to halve emissions by FY30 and achieve net zero by FY50 (90% GHG emissions reduction) against an FY19 baseline. The UK firm is developing its own strategy expected to be ratified in FY26 Q2.

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New FY30 reduction targets for EY Deutschland (-25% total emissions vs FY25)

EY Deutschland set country-level reduction targets versus FY25 baseline by FY30: 100% reduction in electricity emissions, 75% in company vehicle emissions, 15% in business travel emissions, 40% in Scope 3 Cat 1 (purchased goods/services), and 25% reduction in total emissions. Underpinned by SBTi-validated decarbonization roadmap.

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DEFRA conversion factor update reduced air travel emissions intensity

Financial emissions intensity (tCO2e per £m) fell in FY25 primarily due to a decrease in GHG emissions conversion factors for air travel within the UK Government Conversion Factors for Company Reporting (Year 2025) - 'Business travel - air' and 'WTT - business travel - air' categories.

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Net-zero target moved from 2025 to 2050 with new SBTi-validated roadmap

In January 2021, EY Global committed to net-zero by 2025 (40% reduction vs FY19 + offsets). In 2025, EY Global set a new environmental strategy: net-zero by 2050 with a near-term target to halve absolute GHG emissions by FY30. The new strategy reflects 90% actual reduction instead of reduction+offsets combination. Validated by SBTi.

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Net-zero target moved from 2025 to 2050 with new SBTi-aligned strategy

In 2025 EY Global adopted a new environmental strategy replacing the previous 2025 net-zero target with a 2050 net-zero goal and an interim target to halve absolute GHG emissions globally by FY30. The new strategy targets 90% actual emission reduction instead of the previous combination of reduction and offsetting, and was independently validated by SBTi. EY Deutschland set country-specific targets vs FY25 baseline: Scope 1 -4%, Scope 2 -60%, Scope 3 -23%, total -25% by FY30.

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Added Scope 3 Category 1 (Purchased Goods and Services) to inventory

For the first time in FY25, EY Deutschland included Scope 3.1 (purchased goods and services) in its emissions inventory, adding 18,399 tCO2e. This is the primary driver of the YoY increase in total emissions.

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2024

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	437
Scope 2 (market-based)	0
Scope 3	55,784
Cat 1 · Purchased goods	17
Cat 6 · Business travel	40,179
Cat 7 · Employee commuting	1,423
Gross carbon footprint	56,221
Net carbon footprint	56,221

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	18,545people
Revenue	1.9B
Total operating expenses	(863M)

Balance sheet highlights (USD)

Property, plant & equipment	90M
Right-of-use (leased) assets	242M
Total assets	2B
Total debt	300M
Cash & equivalents	191M

Events 2024· 11

Limited assurance over GHG emissions data by BDO LLP

The 2024 GHG emissions data was audited on a limited assurance basis by BDO LLP in accordance with ISAE 3000 and ISAE 3410.

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Added Cat. 7 employee commuting to Scope 3 inventory

Cat. 7: Employee commuting was first quantified in FY24 (1,423 tCO2e); previously 'Not quantified' in FY20-FY23. This expands transparency of Scope 3 reporting.

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Reorganisation of business units between Tax and Consulting service lines

During the period, the firm undertook a reorganisation involving the transfer of certain business units between the Taxation and Consulting service lines. Comparative FY23 fee income figures restated: +£165m Consulting, -£165m Tax. No impact on total fee income.

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Reporting period changed from calendar year to fiscal year

Until 2022, emissions were tracked on calendar year basis. Starting in FY24, EY Deutschland transitioned to fiscal year reporting (1 July - 30 June). The 2019 baseline (KJ19) remains a calendar year value.

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75% of suppliers (by spend) to set Science Based Targets by FY25

EY committed to ensuring 75% of suppliers (by spend) set Science Based Targets by no later than FY25; on track per FY24 disclosure.

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Revised employee commuting calculation methodology

EY Global introduced a revised calculation methodology for Scope 3.7 employee commuting emissions, leading to changes in reported figures. EY Deutschland applies this updated approach to ensure global consistency.

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Employee commuting category quantified from FY24 onwards

Cat. 7 Employee commuting was 'Not quantified' for FY22 and FY23 but quantified at 1,423 tCO2e in FY24 and 2,576 tCO2e in FY25, expanding scope 3 inventory coverage.

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Staff transferred from service company to LLP from 1 February 2024

Until 1 February 2024, no staff were directly employed by Ernst & Young LLP but the entity managed and controlled staff provided by its services company Ernst & Young Services Limited. From 1 February 2024, staff were directly employed by Ernst & Young LLP. Affects LLP-level FTE comparability.

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Decarbonization targets under review for next phase

EY committed to review SBTi targets against latest criteria after five years and is currently working on the next phase of the global science-based decarbonization plan. A refreshed environmental strategy was launching in early FY25.

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Reporting period switched from calendar year to fiscal year

Until 2022, EY recorded emissions in calendar years; this was switched to fiscal year (1 July - 30 June) basis in FY24. The 2019 baseline remains a calendar year while subsequent figures use fiscal year periods.

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2023

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	466
Scope 2 (market-based)	0
Scope 3	63,322
Cat 1 · Purchased goods	14
Cat 6 · Business travel	47,847
Gross carbon footprint	63,788
Net carbon footprint	63,788

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	18,166people
Revenue	3.7B
Total operating expenses	(860M)

Balance sheet highlights (USD)

Property, plant & equipment	108M
Right-of-use (leased) assets	248M
Total assets	2B
Total debt	308M
Cash & equivalents	140M

Events 2023· 9

75% of suppliers (by spend) to set Science Based Targets by FY25

EY targeting wider uptake of science-based targets by supporting suppliers in adopting their own SBTs by 2025. Firm reports being on track.

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Net zero by 2025: 40% absolute reduction across Scopes 1, 2 and 3

EY's global carbon ambition is to be net zero in 2025 and will achieve this by reducing absolute emissions by 40% across Scopes 1, 2 and 3 by FY25 (vs. FY19 baseline), consistent with a 1.5°C science-based target approved by SBTi.

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Acquisition of Whyaye Limited and Digital Detox

EY Professional Services Limited acquired Whyaye Limited (May 2023, £24m) and Digital Detox Ventures Limited (July 2022, £4m), generating £20m goodwill in aggregate.

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Restated FY23 carbon intensity ratio

FY23 carbon intensity ratios (tCO2e per £m revenue and per m² floorspace) restated in FY24 disclosure.

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Business travel emissions surged post-pandemic

Financial emissions intensity rose in FY23 due to a significant increase in business travel compared to the previous year, following a return to pre-pandemic operating conditions. Air travel emissions rose from 21,660 tCO2e (FY22) to 46,514 tCO2e (FY23).

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36% reduction in air travel emissions by FY25 vs FY19 baseline

Reduce air travel emissions by 36% by FY25 vs. FY19 baseline of 69,286 tCO2e. FY23 actual was 25,472 tCO2e (-63%).

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FY23 fee income restated by £56m intercompany correction

A restatement was made to correct an error in the amount of intercompany revenue eliminated in the prior period. Impact: decrease fee income and expenses billed to client by £56m. No impact on net revenue.

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Acquired Whyaye Limited and Digital Detox Ventures Limited

In FY23 the firm acquired Whyaye Limited (UK ServiceNow consultancy, £24m) and Digital Detox Ventures Limited (UK digital engineering consultancy, £4m). Goodwill on acquisition was £20m.

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GHG emissions data limited assurance by DNV

GHG emissions data audited on a limited assurance basis by DNV Business Assurance USA Inc. following ISAE 3000 standard.

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2022

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	457
Scope 2 (market-based)	0
Scope 3	34,117
Cat 1 · Purchased goods	9
Cat 6 · Business travel	22,476
Gross carbon footprint	34,574
Net carbon footprint	34,574

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	16,100people
Revenue	3.2B
Total operating expenses	(2.2B)

Balance sheet highlights (USD)

Property, plant & equipment	112M
Right-of-use (leased) assets	293M
Total assets	1.9B
Total debt	341M
Cash & equivalents	386M

Events 2022· 11

Post-period acquisition of Digital Detox Ventures

On 29 July 2022 (after period end), EY acquired 100% of Digital Detox Ventures Limited for initial consideration of £4m. Acquired entity had £4m revenue and 28 staff in the prior 12 months.

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Strategic review: planned separation into two organisations

In September 2022, EY announced a decision to move forward with partner votes to separate into two organisations: an audit-focused firm and a separate Consulting/Strategy/Tax/managed services entity. Material future structural change to interpretation of period-over-period numbers.

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Acquisitions of Lane 4, Seaton Partners and Peak EPM

EY Professional Services Limited acquired Lane 4 Group (£12m), Seaton Partners (£3m) and Peak EPM (£8m) during FY22. Acquisitions contributed £47m revenue (2021: £28m) and £19m fee income from acquired entities.

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UK VPPA active since October 2021 delivers 100% renewable electricity

Since October 2021, EY's 10-year fixed price UK Virtual Power Purchase Agreement has delivered zero carbon electricity certification for all UK needs. In FY23, VPPA generated 14,407 MWh. Market-based Scope 2 dropped from 2,499 (2020) to 302 (2021) to 0 (2022, 2023).

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VPPA commenced October 2021 - Scope 2 market-based to zero

Since October 2021, EY's 10-year fixed price UK Virtual Power Purchase Agreement has delivered zero carbon electricity certification. Scope 2 market-based emissions fell from 302 tCO2e (2021) to 0 tCO2e from FY22 onwards.

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Achieved 100% certified renewable electricity across UK estate

In FY22, EY consumed 100% certified renewable energy across its entire UK estate via OFGEM REGOs, UK PPA, renewable tariff electricity and certified renewable biogas, driving market-based Scope 2 to 0 tCO2e.

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SBTi-validated 40% absolute emissions reduction target by FY25

EY's global ambition is to be net zero by 2025, with a 40% absolute reduction in Scopes 1, 2 and 3 by FY25 vs FY19 baseline, validated by SBTi as 1.5°C aligned. UK LLP Net Zero Strategy includes 36% air travel emissions reduction by FY25 vs FY19.

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Restated 2021 and 2022 balance sheet for contract balance methodology

In current FY firm revised methodology for identifying individual contract balances. Restated unbilled receivables increased by £161m (2022) and £116m (2021); payments on account increased by £77m (2022) and £45m (2021); amounts due to EY network entities increased by £84m (2022) and £71m (2021). No impact on income statement or net cash flows.

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VPPA delivering zero-carbon electricity since October 2021

Since October 2021, EY's 10-year fixed price UK Virtual Power Purchase Agreement (VPPA) has been delivering zero carbon electricity certification for all UK needs. In FY25 the VPPA generated 12,768 MWh of zero carbon power. This drove market-based scope 2 emissions to 0 from FY22 onwards (vs 302 tCO2e in FY21).

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Business travel rebound following COVID-19 restrictions easing

Scope 3 business travel emissions increased dramatically from 204 tCO2e in FY21 to 22,476 tCO2e in FY22 due to relaxing of COVID-19 travel restrictions. Financial emissions intensity rose from 6.38 to 11.69 tCO2e/£m revenue (location-based) but remains below FY20 levels.

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2021

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	973
Scope 2 (market-based)	302
Scope 3	13,741
Cat 1 · Purchased goods	8
Cat 6 · Business travel	102
Gross carbon footprint	15,016
Net carbon footprint	15,016

Energy (kWh)

Renewable energy %

95%

P&L highlights (USD)

Headcount (FTE)	15,866people
Revenue	2.8B
Total operating expenses	(2B)

Balance sheet highlights (USD)

Property, plant & equipment	108M
Right-of-use (leased) assets	321M
Total assets	1.7B
Total debt	414M
Cash & equivalents	385M

Events 2021· 9

Operating expenses and staff costs restated to include £111m EY network recharges

Prior period people costs were restated to include £111m incurred from other EY network entities supporting the group, previously presented in other operating charges. No effect on profit; reclassification only.

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52-week vs 53-week reporting period

FY21 financial period covers 52 weeks (4 July 2020 to 2 July 2021); comparative FY20 period covered 53 weeks (29 June 2019 to 3 July 2020). Affects period-over-period comparability.

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SBTi-validated 40% absolute emissions reduction target by FY25 vs FY19

In January 2021 EY announced a global science-based decarbonization target and commitment to net zero, reducing absolute emissions by 40% across Scopes 1, 2 and 3 by FY25 (vs FY19 baseline). EY committed to review against latest SBTi criteria after five years.

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Acquired Frank Hirth (UK) Limited for £15m

On 30 April 2021, EY Services Limited acquired Frank Hirth (UK) Limited (personal taxation services) for £15m consideration.

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Acquired Pythagoras group for £31m

On 7 May 2021, EY Professional Services Limited acquired Pythagoras Communications Holdings Limited and subsidiaries (Microsoft consulting services) for £31m.

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COVID-19 reduced energy use and travel emissions

Pandemic-driven home working reduced electricity consumption and Scope 3 business travel emissions materially in FY21 vs FY20. Energy works at London Bridge also delivered structural reductions of 3.8m kWh.

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Scope 3 reporting limited to mandatory SECR scope

The Energy and Carbon report only includes Scope 3 from employee-owned vehicle business travel; full Scope 3 (trains, flights, taxis, transport of goods) reported voluntarily on EY website but not in this filing.

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Carbon Trust bi-annual assurance cycle

Full emissions data set audited by Carbon Trust on a bi-annual basis. Last audit December 2020 achieved Carbon Management Performance score of 94%; next recertification scheduled December 2022.

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Global SBTi target: 40% absolute reduction Scopes 1, 2, 3 by FY25 vs FY19

In January 2021 EY announced a global science-based decarbonization target and commitment to net zero, reducing absolute emissions by 40% across Scopes 1, 2 and 3 by FY25 (vs. FY19 baseline), validated by SBTi.

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2020

annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	—
Scope 2 (market-based)	2,499
Scope 3	51,329
Cat 1 · Purchased goods	374
Cat 6 · Business travel	1,710
Gross carbon footprint	—
Net carbon footprint	—

Energy (kWh)

Renewable energy %

100%

P&L highlights (USD)

Headcount (FTE)	15,468people
Revenue	2.6B
Total operating expenses	(2B)

Balance sheet highlights (USD)

Property, plant & equipment	122M
Right-of-use (leased) assets	367M
Total assets	1.6B
Total debt	409M
Cash & equivalents	185M

Events 2020· 6

London Bridge office energy efficiency programme

Major project at London Bridge office (largest UK energy user) including LED lighting, DALI controls, new HVAC BMS and FCU upgrades. Expected to deliver ~1.6m kWh/year savings at £6m capital cost.

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SAP ERP system migration

The Group migrated to SAP, a new ERP system on 3 October 2019, replacing several legacy platforms. Considered a key audit matter.

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COVID-19 pandemic impact

COVID-19 pandemic affected operations; firm moved to full working from home. Reduced business travel likely affected emissions footprint. No redundancies or furlough.

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IFRS 16 Leases adopted

Firm adopted IFRS 16 Leases for the first time using the modified retrospective approach. £367m right-of-use assets and £410m lease liabilities recognised on transition; prior year not restated.

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Acquisition of EY Incentives Limited

On 18 February 2020, EY Services Limited acquired EY Incentives Limited (formerly Breakthrough Funding Limited) for £2m, providing tax consultancy services.

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Acquisition of AgilityWorks Limited

On 29 November 2019, EY Services Limited acquired AgilityWorks Limited (IT consulting) for £23m. Goodwill of £14m recognised.

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