EY Luxembourg Sustainability report

EY Luxembourg Sustainability Report

Message from the Country Managing Partner and Sustainability Leader of EY Luxembourg

We are here to present our EY Luxembourg Sustainability Report covering financial year 2024.

At EY, we believe sustainability is everyone’s business. Together we can make the difference.  We see sustainability as a catalyst for the positive energy that encourages a whole ecosystem to step up and seek long-term solutions for the major challenges the planet faces, both now and in the future. For this reason, we started setting targets in order to demonstrate our leadership and inspire, by example, to initiate a movement by empowering our people to make sustainable choices, promote a sustainability vision and positive change through their capabilities and skills.

EY Luxembourg welcomes the upcoming Corporate Sustainability Reporting Directive (CSRD) that will increase transparency and long termism and will provide access to the non-financial information from over 46,000 companies in the EU (as per the recent size criteria amendment). This is why our FY24 Sustainability Report is inspired by the adopted EU Sustainability Reporting Standards (ESRS). Please check our interactive Report, to know more about our commitment on helping society to build a Better Working World.

Olivier Coekelbergs
Country Managing Partner

Renaud Breyer
Sustainability Leader

Sustainability report chapter 1 - key figures for 2024
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Business card of the undertaking in relation to sustainability reporting

Key figures for 2024

We are dedicated to sustainable inclusive growth

Through our four service lines in EY Luxembourg — Assurance, Consulting, Strategy and Transactions, and Tax — we help our clients capitalize on transformative opportunities. We also help them fulfill regulatory requirements, keep investors informed and meet the needs of all their stakeholders. What’s more, in a fast-changing world, we give them the support they need to be effective today and create long-term value for tomorrow.1

Our employees
EY Luxembourg
Diversity
Nationalities
Revenue
FY24
Growth
EY Luxembourg
Number of training hours
On average, per employee

1Unless otherwise specified, all of the figures published relate to the 2024 financial year (referred to as FY24), which covers the period from 1 July 2023 to 30 June 2024.

General Disclosures Requirements

Sustainability report chapter 2 - Our Corporate Sustainability Strategy
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Creating a better working world together

Our corporate sustainability strategy

We believe we can do more in addressing evolving sustainability challenges

Our approach to sustainability

Sustainability report 2024 - infographic

As part of our Non-Financial Report, we present our corporate sustainability approach. 

This approach is based on the following pillars:

  1. Our people – our most valuable asset.
  2. Our culture of integrity, with the Code of conduct that is at the core of our policies.
  3. Our impact beyond the organization through EY Ripples, EY’s global Corporate Responsibility Program.
  4. Our environmental commitment to meet EY Global targets by 2025, to conduct responsible procurement and responsible waste management practices.
  5. Our clients, which we aim to guide in creating long-term sustainable value as an integrated part of their business.

In 2013, EY adopted an ambitious mission statement of “Building a better working world”, which commits us to playing an active role in building a new world which makes the environment in which we operate more balanced. EY is also a signatory of the United Nations Global Compact making us annually accountable to report on the implementation of our principles.

As FY24 ended, Carmine Di Sibio, EY Global Chairman and CEO, passed the torch to CEO-elect Janet Truncale. Under her leadership, EY unveiled its new EY global strategy – All in. This new strategy is aimed at driving value creation for EY’s clients, employees and stakeholders. It focuses on purposeful growth and making strategic investments in areas where EY can lead, such as transformation, managed services, and sustainability, while maintaining a strong commitment to audit quality. EY’s All in strategy is about harnessing growth, leveraging technology, and fostering collaboration to navigate the complexities of the modern business environment and achieve future success.

In October 2019, EY included this vision in our NextWave strategy, which is designed to create long-term value for our clients, our employees and society, in order to build a better working world. This strategy was adopted and localized in EY Luxembourg under the name Ambition 2021-2026.

In a world that is changing at a faster pace than ever, our purpose acts as our “North Star” guiding our 2,059 employees — providing the context for and meaning behind the work we do every day.

We help digital pioneers fight data piracy; guide governments through new international challenges; unlock new medical treatments with data analytics; pursue high quality audits to build trust in financial markets and business; and support organizations to gain a competitive advantage by dealing with climate risks and deploying a sustainability strategy. In simpler words, we work with entrepreneurs, companies, and entire countries to solve their most pressing challenges.

We help our clients to make the most of new opportunities, while assessing and managing risks to deliver responsible growth. Responsible growth is the key for us. At EY Luxembourg we shape the future with confidence ensuring that our economy growth is sustainable and inclusive. We are proud to work with others – from our clients to the wider ecosystem – using our knowledge, skills and experience to help fulfill our purpose and create positive change.

We empower our people to adopt the right mindsets and skills to navigate what’s next, become the transformative leaders the world needs, pursue careers as unique as they are, and build their own exceptional EY experiences.

Our people and our alumni form a powerful network. Each individual leads and inspires others during their time at EY and beyond, bringing our purpose to life in the work they do daily. The ability to leverage and learn from different perspectives is key to delivering for our clients. We believe diversity and inclusiveness means growth.

We are investing more time, technology and money than ever before in training and development for our people. We continue to build on the success of our EY Badges program, which helps our people develop future-focused skills in areas such as technology, sustainability and leadership.

EY has a matrix structure: as well as our service line approach, we also employ an industry sector-specific approach that enables our employees and partners to master the challenges specific to their clients’ activities.

Our network of expertise is deployed regardless of the nature of our assignments and allows us to offer our clients tailor-made support and a complete multi-disciplinary approach.

For more information, please refer to Overview of EY Luxembourg business in the context of sustainability reporting.

Sustainability report chapter 3 - Our Sustainability Journey
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Creating a better working world by example

Our sustainability journey

We can all make a difference, using our skills, experience and ideas

Our purpose is to drive sustainability and social-economic impact for our employees and the communities we serve. As a corporation, EY Luxembourg aims to be a catalyst for change by creating long-term value-led sustainability as explained in the following sections.

Our clients expect EY Luxembourg to provide high-quality audits, relevant advice, and sound technical and sector-specific expertise.

In addition, due to the diversity of its clients and assignments and the auditing work that it performs, EY Luxembourg is an observer of the financial world and of the trends affecting it. With respect to sustainability matters, we are constantly working to develop our ESG services, with the main goal of helping our clients to deal with the main market trends, like investors’ needs, climate change and environmental factors, integration of the main ESG risks and opportunities in their business model and the latest regulatory developments. 

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