EY Center for Sustainable Supply Chains launches in Singapore

• Helps companies to accelerate the transition to sustainable supply chains
• Supports Singapore’s position as Asia’s leading supply chain and logistics hub
• Areas of focus include traceability and visibility, decarbonization of supply chains, creation of circular business models and assessment of new tax and incentives

The EY organization today announces the launch of the EY Center for Sustainable Supply Chains in Singapore. The Center is dedicated to helping companies in Southeast Asia accelerate the adoption of sustainable practices for resilient supply chains.

Guest-of-honor, Dr. Koh Poh Koon, Senior Minister of State for Sustainability and the Environment, and Manpower, officiated the opening of the Center.

The Center is co-led by Atul Chandna, EY Asia-Pacific Supply Chain Leader, and Praveen Tekchandani, Partner, Climate Change and Sustainability Services at Ernst & Young LLP, and comprises a team of over 50 professionals from the Climate Change and Sustainability Services practice and Supply Chain Consulting practice.

The Center provides tailored service offerings that help organizations at every stage of their supply chain journeys, providing them with practical guidance on achieving quick wins and executing long-term strategies. Leveraging strategic collaborations with alliance partners, the Center offers innovative technology solutions that are supported by research insights on the latest in supply chain and sustainability trends to help businesses stay ahead of the curve.

Singapore, as a leading supply chain and logistics hub in Asia, makes an ideal location to set up the Center. The intersection of trade flows and vast numbers of companies anchored in the country, from multinational corporations to regional and local companies, offer immense potential to create an impact at scale in driving sustainable supply chains.

Liew Nam Soon, EY Asean Regional Managing Partner, and Singapore Country Managing Partner, Ernst & Young LLP, says:

“The EY Center for Sustainable Supply Chains in Singapore is well-positioned as a hub to support companies in the region to develop and elevate sustainable practices for their supply chains. We hope to also contribute to the broader supply chain ecosystem and help the sector and its workforce deepen capabilities in sustainability through the innovative technologies and collaborative approaches that the Center offers.”

Supply chains are new frontiers for sustainability

With escalating concerns over climate change and stakeholders placing greater emphasis on environmental, social and governance (ESG) issues, companies are under greater impetus to work toward net zero goals. Supply chains account for a significant proportion of an organization’s greenhouse gas emissions and operating costs. The sustainability of supply chains therefore comes under scrutiny given its impact on an organization’s net zero ambition.

Praveen Tekchandani, Partner, Climate Change and Sustainability Services at Ernst & Young LLP adds:

“Southeast Asia, as one of the major trading and manufacturing hub, plays a key role in global decarbonization effort. More than 70% of an organization’s footprint is from indirect emissions from its upstream and downstream supply chain activities, hence supply chain management is an essential part of any corporate decarbonization roadmap. Net Zero can only be achieved with an effective stewardship approach across the supply chain, and while this is challenging, it is a necessary step for companies to achieve their sustainability goals.”

Companies to benefit from sourcing diversification, identification of GHG emissions, traceability and visibility and circular business models

Many organizations struggle to embark on a sustainability journey due to lack of visibility of their supply chain and emissions data, as well as comprehensive ways to measure sustainability progress. The key barriers for businesses in implementing a sustainable supply chain include technological limitations, a lack of visibility, regulatory complexities and scalability concerns.

Atul Chandna, EY Asia-Pacific Supply Chain Leader says:

“Supply chains can be very complex and transparency is an issue that many companies face. Following the supply chain disruptions from the pandemic and global geopolitical disputes, resilience and sustainability in the supply chain have become more important than ever. However, beyond the commitment from the board and management, there needs to be the right strategies, systems and processes on the ground to put intention into action.”

Through the EY Center for Sustainable Supply Chains, companies will benefit from the ability to achieve sustainable and diverse sourcing; decarbonization of the value chain; traceability and real-time visibility of supply chain information, as well as the development of circular business models.

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Notes to editors

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Appendix: Accolades in sustainability and supply chain

• EY named as a market leader by HFS in Supply Chain Horizons report

EY has been named a Horizon 3 Market Leader in the HFS Horizons Report: Supply Chain Services 2023, an evaluation of the capabilities of 18 supply chain service providers, to understand their value proposition, execution and innovation capabilities, go-to-market strategy and market impact.

In this report, HFS has called out EY’s seamless global integration, ecosystem impact, and ability to realize new sources of value through co-innovation with partners. They have also highlighted EY’s ability to deliver “large and complex supply chain transformations from strategy to execution”. Read more here.

• EY positioned a Leader in the Verdantix Green Quadrant: Climate Change Consulting Services 202

EY has been positioned a Leader in the Climate Change Consulting Services Green Quadrant by Verdantix, which recognized EY’s leading suite of integrated, technology-led tools and research, developed through cross-firm collaboration and with its strategic alliances.

• EY named a Leader in the IDC MarketScape: Worldwide ESG/Sustainability Strategy Consulting Services 2023 Vendor Assessment

EY has been positioned a leader in IDC’s inaugural MarketScape on ESG Strategy Services. The study evaluated 16 global sustainability service providers and rates EY as a Leader, based on IDC analysis and client feedback.

IDC has called out EY’s scale and the long-standing sustainability practice of over 25 years and the four-pillar approach that allows EY to be hands-on with clients during the entire process of a sustainable business transformation. EY’s acquisition strategy of acquiring specialist firms also finds a key mention in the EY profile. IDC has also called out EY’s approach to be predictive of the market and upcoming regulatory changes as a key strength in the still nascent ESG strategy services market. Read more here.

• EY positioned as a leader in the Verdantix ESG & Sustainability 2022 Green Quadrant

This report evaluates 15 services providers and notes that “EY ranks the highest of all participating firms for ESG and sustainability program strategy, with the score of 2.6/3.0. The firm has demonstrated a history of engagements with the C-Suite on ESG and sustainability initiatives, illustrating clear capabilities to offer strategic advice across a broad range of areas.” Read more here.

• EY positioned #2 in HFS Top 10: Sustainability Services, 2022 report and #1 for Overall Execution

HFS Research has positioned EY as a top-ranked provider for Sustainability Services. According to HFS, EY is setting strategic direction for sustainability at the C-suite with a scaled global practice that complements a powerful ecosystem. The report calls out EY’s broad services spectrum, a globally consistent climate change and sustainability team that was founded 25+ years ago, proprietary digital solutions, and skilling programs including the unique EY Masters in Sustainability as key strengths. Read more here.

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