Company Market Research Report: EY (Ernst & Young)
Company Overview
Name:
Ernst & Young Global Limited (EY)
Mission:
Building a better working world. The insights and quality services provided help build trust and confidence in capital markets and economies globally, developing outstanding leaders who team to deliver on promises to stakeholders.
Founded:
No specific founding date is provided.
Founders:
No specific founder information is available.
Key People:
- Janet Truncale, EY Global Chair and CEO (effective July 1, 2024)
- Jad Shimaly, EY Global Managing Partner – Client Service
- Anthony Caterino, EY Global Managing Partner – Business Enablement
Headquarters:
No specific headquarters information is available.
Number of Employees:
Over 400,000 employees.
Revenue:
No specific revenue information is available.
Known For:
EY is known for being a global professional services organization offering assurance, consulting, law, strategy, tax, and transactions services.
Products and Services
Integrated Service Lines
1. Assurance:
Providing trust through high-quality audits that build trust in the capital markets.
2. Consulting:
Enabling businesses to transform by placing humans at the center and leveraging technology at speed.
3. Strategy and Transactions:
Helping clients reshape their portfolios and ecosystems for growth and efficiency.
4. Tax:
Offering comprehensive tax services to navigate legal and regulatory complexities.
Key Features
- Encouraging economic growth that is sustainable and inclusive.
- Promoting diversity and inclusiveness.
- Delivering value-led sustainability.
- Harnessing technology to reframe business futures.
Recent Developments
New Leadership:
- Janet Truncale selected as EY Global Chair and CEO, effective July 1, 2024.
New Global Strategy:
- In June 2024, EY launched the "All in" global strategy aimed at creating new value for clients, employees, and stakeholders.
New Products and Services:
- EY US and Jubilant partnership to deliver innovative HR technology solutions (November 11, 2024).
- Strategic shifts with Security powerhouse Dignari to accelerate mission enablement in the public sector (October 28, 2024).
Sustainability Initiatives:
- EY has reached carbon negative status and aims to achieve net zero by 2025.
C-Suite Research Insights:
- EY research indicates a perceived complacency in C-suite attitudes towards supply chain challenges as crises wane.
Strategic Alliances:
- Formation of key alliances using cutting-edge technologies such as AI, blockchain, and IoT to offer enhanced services.
Digital Transformation Case:
- Transformative projects such as Royal Caribbean’s digital-first business model and cross-border talent mobility for Microsoft highlight EY’s commitment to leveraging technology for client success.
Conclusion
EY remains a leader in the professional services industry, focusing on building a better working world through innovation, comprehensive service delivery, and strategic global initiatives. The firm's commitment to sustainability, diversity, and inclusive growth continues to drive its strategy and operations, showcasing its role as a trusted advisor in an ever-evolving global market.
