Tax meets sustainability goals

How does sustainability impact me? This is a common question we at Ernst & Young LLP (EY US) hear from tax leaders grappling with increasing complexity across the tax function. Sustainability, just like tax, connects to so many transactions throughout the business that knowing where to start is often the hardest part of the journey. We are here to help.

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Complexity requires both breadth and depth

Multiple market factors are compelling organizations to address environmental, social and governance (ESG) issues in pursuit of long-term value. Understanding and responding to the tax impacts associated with a multi-faceted priority topic like sustainability requires a lot of investment, energy and expertise.

Distill ambitions into action

Our Sustainability START (Strategic Assessment Roadmap for Tax) analyzes macro trends and your company’s sustainability strategies to identify potential areas of risk and opportunity throughout your tax function. Our team excels at putting the pieces together for a complete picture. You choose what level of START insights will be most valuable for your organization.

Navigate a clear path forward

Every organization is embedding sustainability in its business differently, requiring a flexible approach to assessing potential impacts. Sustainability START allows you to choose what you need for where you are today. Explore where you are comparing the level of insights available. 

Policy

Developing government policies offer opportunities but also risks if not actively monitored. Top areas of impact involve supply chain and reporting initiatives:

  • Carbon Border Adjustment Mechanism (CBAM)
  • Public Country-by-Country reporting
  • EU Deforestation Regulation


Incentives

Government incentives and funding initiatives, like the US Inflation Reduction Act and the EU Innovation Fund, offer more than 1 trillion dollars combined to help businesses access:

  • 1,300+ measures to reduce natural resource consumption
  • 900+ measures to switch to renewable sources
  • 220+ measures to innovate sustainable products and processes

*In 65 global jurisdictions




Operations

Governance, planning, reporting and compliance are fundamental functions of tax operations. Impacts from sustainability will be felt through each of these functions and require technology and collaboration to be ready:

  • Supply chain and global trade
  • Tax transparency
  • Environmental tax compliance
  • Tax governance




Sustainability legal services

EY Law teams can help your law department identify and manage risk associated with sustainability ambitions and operations to drive value. They provide a set of services that can be customized to provide knowledgeable legal guidance, operational improvements and scalable support.

The experience to help you achieve your ESG goals

Our EY US Tax professionals have deep insights on what it takes to integrate sustainability tax considerations into your organization’s overall ESG goals.

We understand the role of tax in sustainability and can help you create strategies to deliver long-term value for your shareholders and stakeholders and help your organization create and protect value.

EY US Tax teams can help your tax department play a crucial role in your company’s sustainability goals, thereby supporting the business’s journey towards making positive changes for the environmental, social and economic aspects of sustainability.

Tax departments are often overlooked by company leaders when developing sustainability goals. This can potentially result in missed financial opportunities, regulatory noncompliance and being unprepared for evolving regulatory changes. Integrating tax earlier in ESG strategies can make all the difference in achieving your sustainability targets.

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What effective EU Carbon Border Adjustment Mechanism compliance looks like

In this webcast, panelists discuss EU Carbon Border Adjustment Mechanism (CBAM) compliance and broader strategic considerations. Learn more.

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In this webcast, panelists discuss the role of tax in sustainability as they talk about tax transparency.

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    Sustainability tax services

    With urgent environmental and social action needed from business, the tax function has never had a more critical role in accelerating your sustainability strategy and building long-term value. EY Sustainability Tax can help you turn ambitions into action, through a holistic view of your global tax strategy.


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    Ready to learn how we can help you?