EY Collaborations : Banking on diversity
How EY is helping to create a culture that values diversity both inside and outside our doors
EY is one of the world ’ s leading professional services firms and like JP Morgan has a long commitment to increasing diversity in its suppliers , and helping clients do the same .
Theresa Harrison , EY ’ s Environmental Social Governance Services Leader , says the first foundation for EY ’ s strategy comes from an overall commitment to diversity , equality , and inclusiveness ( DEI ) within its overall organisation and culture . This is then followed by the leadership within its supply chain services .
Diverse supply chains Making sure EY suppliers have aligned goals within their own supply chains is also imperative . To those ends , EY created its own evaluation criteria that examine RFPs , overall ongoing assessments , its vendor management scope , and how organisations can team together to really make a difference and an impact from an ESG perspective .
Harrison notes , “ We ’ re giving it high weighting in all of our specific RFPs , as well as our clients and those who we are actually developing from a client perspective on what their strategy should be , how should they evaluate their
supply chain and what things should they look for in setting goals through our climate change and sustainable services practice .”
Catering to client demand ESG has become a mandatory exercise across the industry , but it ’ s complicated and confusing – and making sure the right outcomes prevail is essential , says Michael Giarrusso , whose team works with EY clients to develop their thirdparty risk management framework , processes , methodologies , and technology enablement .
He explains that helping clients learn how to break down barriers in terms of differing methodologies , is often the answer . “ We ’ ve started to consult with our clients on helping to break down those barriers . It ’ s something that motivates a lot of our people to work with our clients .”
Supply Chain Services goals EY considers diversity as part of its DNA as an organisation . Harrison concludes , “ Our Supply Chain Services goals are tied to our performance and participation within supplier diversity . It is really important for us to build this diverse ecosystem , not only for EY , but also from a client-serving perspective .”
Learn more