Professional services company EY has joined forces with venture-building programme Carbon13 in a bid to support start-ups and entrepreneurs in their mission to reduce carbon dioxide-equivalent (CO2e) emissions. More specifically, Carbon13 is focusing on creating scalable ventures with the combined potential to reduce CO2e emissions by 400 million tonnes or 1% of global emissions.
“Transitioning to a more sustainable and low-carbon economy will take a collective effort from every corner of the business community,” said Rob Doepel, EY’s managing partner with responsibility for sustainability, in a press release. “Innovative thinking, transformational business models and rapid action are what is needed to fast-track us to a more sustainable future. That is why organisations such as Carbon13 are so vital in the fight against climate change; the entrepreneurs and ideas they support are potentially game-changing in the race to significantly reduce CO2e emissions.”
As part of the collaboration, EY is set to share knowledge, insights and advice to help the start-ups overcome common challenges faced by early-stage businesses.
In addition, the professional services company will also run speaker events and workshops where members of the EY sustainability team share the company’s expertise regarding climate change and sustainability with the start-ups. EY is also planning to assist the entrepreneurs as they pitch their initial concepts by offering feedback and advice to help strengthen their ideas.
“Having the support, knowledge and expertise of EY and its people is a huge boost to Carbon13 and the entrepreneurs that we work with,” said Carbon13’s CEO Chris Coleridge. “There are a great number of entrepreneurs with some groundbreaking ideas, but the challenge is taking these from concept to reality much more quickly. By bringing together the collective power and expertise of EY to collaborate and offer advice and guidance to entrepreneurs, we will be better able to drive forward their plans and ambitions.”
The announcement of the collaboration follows the recent launch of EY Carbon in the UK. EY Carbon’s remit focuses on advising and supporting listed businesses while they are preparing their net-zero plans ahead of the government’s 2023 deadline.
Helping start-ups and entrepreneurs to reduce their emissions and promote sustainability is essential for achieving the UN’s Sustainable Development Goals (SDGs), and especially SDG13, which focuses on combatting climate change.