EY sets global strategy to expand network, bolster AI
The global EY organisation has unveiled its strategic plans for 2025 including further investment in technology and AI, strengthening its alliances and supporting sustainability and climate change services.
EY released its global Value Realised report which highlighted financial and non-financial performance such as environmental, social and governance (ESG) initiatives and disclosures.
The report also highlighted strategic collaborations aimed at generating long-term value for clients, people and society.
The firm's newly established global strategy ‘all in’ was also revealed in the report.
“This strategy aims to shape the next US$50 billion in EY revenue through purposeful growth and targeted investments in areas like transformation, managed services and sustainability while maintaining a strong focus on audit quality,” the report said.
The main strategies listed in the report included investment in technology and AI, strengthening impact through alliances and ecosystems, supporting sustainability choices and services, ongoing learning, and development as well as prioritising diversity, equity and inclusiveness.
EY global chair and CEO Janet Truncale said EY teams have demonstrated resilience in a challenging economic climate over the past year.
“This resilience is driven by sustained investment in EY capabilities through a broad spectrum of services, such as leading AI and tech,” Truncale said.
“We are also creating new value for EY people, with an unwavering commitment to continuous learning and diversity, equity and inclusion to prepare our workforce for the future.”
In the 2025 financial year, EY said it plans to further incorporate AI platforms throughout global operations and integrate the technology into its daily functions and processes.
The firm said its teams have assisted clients in transformation efforts and helped them become AI-powered businesses by “safely and responsibly utilising emerging technologies.”
According to the report, strengthened impact through alliances and ecosystems would remain a top strategy for the firm in the upcoming year.
Over the last five years, EY established more than 100 ecosystem relationships and alliances, 20 of which were new in 2024 and accounted for 48 per cent of overall growth in the 2024 financial year.
It was noted that 50,000 EY professionals applied their skills and contributed to engagements that aided clients in the advancement of their sustainability agendas.
“EY is committed to reducing its greenhouse gas emissions,” the report said.
“Numerous initiatives have been implemented to assist EY people in making informed travel choices, and these initiatives are already demonstrating a positive impact.”
“In FY24, these initiatives prevented an additional 98,000 tons of CO2e emissions equivalent to almost 20 per cent of all EY travel emissions.”
In addition to the report, the firm also announced a combined global revenue of US$51.2 billion for the financial year ending June 2024, an increase of 3.9 per cent in local currency.
According to EY, all service lines reported revenue growth, with tax and assurance both seeing a 6.3 per cent increase in local currency, while strategy and transactions recorded a 2.3 per cent rise.
Truncale said the results, new report and new ‘all in’ strategy demonstrated that EY people, clients and communities can “help shape the future with confidence.”
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