EY expands its EY ESG Compass platform with new innovative use-cases

Mumbai, 06 August, 2024 – EY, a leading global professional services organization, announces the addition of new modules in EY’s proprietary ESG Digital Platform, EY ESG Compass. Launched in 2021, the platform is available under flexible deployment models including Software-as-a-Service (SaaS), custom solutions within client infrastructure, and technology-enabled managed services.

The platform capabilities has been expanded with new use-cases such as double materiality assessment (DMA), EU CSRD performance monitoring, inter-operable sectoral data model, ESG regulations database, sustainability incentives monitoring, sustainable supply chain management, scope-3 emissions tracking, net zero, sustainable finance solutions. additional benchmarking and GenAI use-cases.

Since its launch, EY ESG Compass has been adopted by various leading enterprises across industries & geographies including India, UK, Europe, USA, Canada, South Africa, and more.

EY ESG Compass platform is an innovation by the ESG practitioners for comprehensive digital platform to serve as an integrated platform throughout the sustainability lifecycle. It enables end-to-end sustainability digital transformation and assists companies to measure, monitor, analyze, benchmark, report, and communicate ESG performance.

Chaitanya Kalia, Partner and Leader, Climate Change and Sustainability Services (CCaSS), EY India added, “With our leading sustainability and technology consulting practices, we are uniquely positioned to deliver comprehensive Sustainability Digital Transformation solutions to our clients. We have made significant investments in the platform and are committed to scaling it with our large, dedicated team.”

Nitesh Mehrotra, Partner, Sustainability and ESG, EY India, said, “As the importance of ESG data intelligence grows, it's evident that digital plays a pivotal role in accelerating these goals. EY ESG Compass platform empowers clients by providing the insights and capabilities needed to navigate the complex Sustainability landscape. With this platform, companies can drive meaningful impact and design value-led narratives, ensuring they are at the forefront of sustainable transformation & intelligence.”

Alexy Thomas, Partner, Technology Consulting, EY India said, “Selecting and implementing the right digital platform for sustainability is critical to drive meaningful change and achieve sustainable goals. A robust sustainability digital solution not only streamlines compliance and reporting but also empowers organizations to make data-driven decisions, enhancing transparency and fostering long-term resilience.”

With the addition of these new modules, EY ESG Compass is poised to set new standards in the industry, offering unparalleled support for companies striving to meet their sustainability objectives. As we continue to innovate and expand our capabilities, EY remains committed to providing cutting-edge solutions that drive positive change and help our clients succeed in their sustainability journeys.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and xbuild trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.