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How EY can help
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EY Digital Energy Enablement Platform, or EY DEEP, combines Microsoft’s scalable, enterprise cloud platform with EY leading industry and technology experience to provide the tools defining the future of exploration.
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The convergence of carbon data, operational data and production data is essential to create true understanding and impact in a decarbonized world. Increasingly, leading organizations are treating carbon-related metering similarly to financial production-related metering.
In our survey, nearly 70% of energy executives pointed to the opportunity for value creation and commercialization as one of the top two reasons why their company is prioritizing carbon tracking and reporting. Preparing for future regulations or compliance-related obligations was the second leading rationale.
“We are uniquely positioned to plan and implement these types of integrated data foundations, combining up-to-date lifecycle assessments with carbon ledgers to create systems that deliver both business opportunity and robust reporting capabilities,” said Ryan Bogner, Americas Energy Sustainability Leader.
By leveraging the power of people, process and technology, energy companies will be able to differentiate their products based on the actual carbon footprint involved in producing them. Oil from one field that has lower overall emissions will be more valuable to customers than oil from a field with a high carbon footprint. This will create competitive advantages, especially as customers seek the greenest feedstocks and products. Importantly, it will also incentivize operational decarbonization and additional tracking and verification efforts.