Breaking Business News EY: The Latest Headlines You Need to Know
EY, one of the largest professional service organizations globally, has been in the news in recent times due to numerous trends and innovations affecting the firm and its clients. These developments range from mergers and acquisitions to executive appointments and the current business climate. In this article, we’ll explore the breaking news regarding EY and how it impacts individuals and organizations in the business world.
Strategy
Businesses typically rely on year-end studies to create the coming year’s strategies. It’s no surprise that EY’s annual “Global Capital Confidence Barometer” (GCCB) is among the most frequently cited sources of information for corporate executives worldwide. The 2022 report predicts that the upswing of COVID-19 vaccines and the successful distribution of them would be the driving force behind continued economic growth. EY’s 26th GCCB reveals that M&A and divestment appetite remained strong, with 80% of respondents indicating a willingness to explore the M&A market.
Renewable Energy
As the world prepares for a green future, EY has taken notable steps in supporting the transition to renewable energy. The firm recently introduced REGrid, a blockchain-enabled platform, allowing SEC-registered security assets to be issued, transferred, and paid for in real-time. The platform will provide access to renewable energy assets for institutional investors, utilities, residential customers, and corporate customers. The firm has also announced that it has surpassed its target of reducing its carbon footprint by 50%, primarily through improving energy efficiency in office buildings and reducing its overall paper consumption.
Leadership
EY has a unique opportunity to nurture leaders who can help change the corporate world fundamentally. The company’s “Leadership Matters” initiative supports the development of inclusive leadership, such as ethnically diverse and gender-balanced boards, and the diversity of talent in leadership roles within companies. The initiative’s focus is building individuals’ capacity to lead with a purpose, considering people, promoting long-term business strategies, and adhering to ethical practices. The program trains employees and clients alike, helping them develop their leadership and business skills, and promoting a more inclusive corporate landscape.
Conclusion
EY remains a leading global professional service organization, driving innovation and change while maintaining a focus on their clients. Their year-end GCCB report highlights that organizations are looking at M&A of innovative and sustainable technologies to drive strategic growth. Their renewable energy platform provides accessible options for investments in sustainable energy sources. The “Leadership Matters” initiative supports inclusivity and diversity, promoting the development of purpose-driven leaders. As EY continues to lead the way, organizations can use these developments to help shape their business strategies and lead them to success in the future.
