EY Opens Sustainable Finance Hub in Dublin

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by KnowESG
KnowESG_EY Opens Sustainable Finance Hub in Dublin
Image courtesy of EY

EY has recently unveiled a brand new Sustainable Finance Innovation Hub in Dublin!

This hub aims to give financial institutions worldwide a helping hand in navigating the ever-changing world of environmental, social, and governance (ESG) regulations and reporting.

EY Ireland's existing sustainable finance team is getting a major boost. They are planning to add 40 new specialists across all three areas of ESG – that is more than triple their current size! The hub, led by EY Ireland Financial Services partner Sean MacHale, expects to see double-digit growth within the next year as they gear up to meet this rising global demand.

The Dublin hub will not be operating independently. They will be collaborating with a network of sustainability experts across Europe, Asia-Pacific, and the US. This team will bring their knowledge and insights to offer clients the latest advice on ESG reporting, with a special focus on areas like biodiversity, EU regulations, and international goals.

Colin Ryan, EY Ireland Financial Services Country Lead, comments: “The financial services sector plays a central role in the transition to a more sustainable future and we are now significantly expanding our capacity to deliver end-to-end sustainable finance transformation services to clients in the sector. The addition of 40 specialist hires across the three pillars of ESG will see our Dublin hub become a globally significant centre for innovation in the area of sustainable financial services. The sector must comply with an increasing volume of regulatory requirements over the coming years, and many firms already face multiple deadlines this year alone. Our new hub will support firms to more effectively report on their activity and will help clients ensure that they remain compliant with the evolving regulatory environment.”

Sean MacHale, EY Ireland Partner and Financial Services Sustainable Finance Leader, says: “The requirement for tangible progress on ESG matters in the financial sector has intensified of late. Firms face pressing regulatory reporting and disclosure demands and must demonstrate transparency and accountability when it comes to the progress they are making towards Net Zero goals and positive environmental impacts in a socially inclusive manner.

“Managing the global flow of capital means the financial sector has a unique ability to drive material positive change, and we are really proud to support firms on their continuing ESG journey.”

Fidelma Clarke, Financial Services Risk Consulting Partner, comments: “With so much activity in the area of sustainability reporting right now, our clients must have the resources they need to keep pace. We are delighted to be strengthening our long-standing commitment of delivering positive change."

Shaun Carazzo, EY EMEIA Financial Services Climate Change and Sustainability Leader, adds: “Sustainability is a top agenda item for all financial services firms worldwide, and covers individual Net Zero transition plans to the development of greener services and products. Our innovation hub demonstrates EY’s commitment to the ESG agenda and will build on our already market-leading sustainable finance advisory business. By bringing the EY network of sustainable finance talent together, we can offer a one-stop-shop to clients, and I look forward to building out the hub as we respond to demand.”

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Source: EY

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