PR95701

LONDON, April 27, 2022 /PRNewswire=KYODO JBN/ --

- EY will work with the Alliance to design measurement criteria to help unlock

  funding to end plastic waste

- EY brings global experience across the chemical and manufacturing sectors

- Upcoming EY projects to focus on measuring Alliance project success and

  financing across the value chain

The EY organization has joined the Alliance to End Plastic Waste, alongside

more than 90 companies, project collaborators, allies and supporters who are

committed to ending plastic waste in the environment.

EY experience across chemicals, manufacturing, supply chain and finance, will

help the Alliance develop more effective environmental, social and governance

(ESG) measurement criteria for its work on the ground, which will help the

Alliance to catalyze funding for Alliance-led projects. Clear and consistent

metrics will form the foundation of sustainable, commercially viable business

models that can be scaled for greater impact.

Along with its global network of members and partners, the Alliance has built a

portfolio of over 35 ongoing projects in 29 countries to support the transition

to a circular economy for plastics. The focus is on testing and accelerating

solutions to improve the collection, sorting, processing, and recycling of

plastic waste – because three billion people worldwide still do not have access

to proper waste management services. EY work will contribute to developing

innovative and self-sustaining infrastructure systems that can be owned and

operated by the communities they benefit.

Dr.-Ing. Frank Jenner, EY Global Chemicals & Advanced Materials Leader, says:

"Ending plastic waste is a towering ambition that requires action across all

segments of society. I believe that through innovation and collaboration with

the Alliance community, lasting change can be achieved. One of the key next

steps is going to be unlocking the necessary investment in circular,

innovative, and viable solutions already adopted by the Alliance. If the right

metrics are in place and project performance is consistently measured, it is

possible to prove that success can be replicated, thereby attracting greater

investment and accelerating progress toward ending plastic waste for good."  

Steve Varley, EY Global Vice Chair – Sustainability, says:

"Collective action is critical for tackling plastic waste, and EY people are

well placed to help drive progress on this complex issue. The Alliance to End

Plastic Waste is an important cross-industry group dedicated to real change and

I'm proud that EY is joining this initiative to help scale truly innovative

solutions that protect the planet."

Jacob Duer, President and CEO of the Alliance to End Plastic Waste, says:

"We are honored to work with world-class organizations like EY to develop

solutions that help end plastic waste in the environment. Our growing network

reaffirms the importance of collective action to address this complex challenge

on multiple fronts, while keeping our eye on the goal of achieving full

circularity, augmented by practical measures in the interim. We look forward to

working closely with EY to accelerate scalable solutions that are economically

self-sustaining."

Notes to editors

About EY

EY exists to build a better working world, helping create long-term value for

clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide

trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY

teams ask better questions to find new answers for the complex issues facing

our world today.

EY refers to the global organization, and may refer to one or more, of the

member firms of Ernst & Young Global Limited, each of which is a separate legal

entity. Ernst & Young Global Limited, a UK company limited by guarantee, does

not provide services to clients. Information about how EY collects and uses

personal data and a description of the rights individuals have under data

protection legislation are available via ey.com/privacy. EY member firms do not

practice law where prohibited by local laws. For more information about our

organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY

organization that also does not provide any services to clients.

About EY's Global Advanced Manufacturing & Mobility Sector

Urbanization, changing consumer expectations and emerging digital technologies

are reshaping what's possible, from the production and distribution of goods to

the transportation of people. To succeed in this new world of mobility and

smart manufacturing, incumbents must transform themselves at unprecedented

speed — to think like an innovative start-up, tap into new talent and engage

the customer. With experience across the value chain and key technology

alliances, our teams show clients how to create efficiencies now while adopting

digitization and optionality for long-term growth. Automotive, transportation,

aerospace, defense, chemicals and industrial products companies can draw on the

strength of our network of cross-industry players and put our diverse range of

approaches to use today to equip their businesses for tomorrow.

SOURCE: EY