February 8, 2025

  • Ernst & Young LLP (EY US) and Thomson Reuters will introduce a new suite of environmental, social and governance (ESG) tools to meet growing customer demand for supply chain transparency and policy tracking .

  • ESG tools include an offering of continuous supply chain due diligence, including addressing forced labor risk, and up-to-date content on the evolving landscape of ESG policies. which uses a green tax tracker.

NEW YORK, Nov. 30, 2022 /PRNewswire/ — The growing recognition of supply chain transparency as an important ESG indicator for businesses and governments, as well as a complex regulatory landscape, is driving a critical need for supply chain due diligence and regulatory monitoring tools. Therefore, EY US and Thomson Reuters, a world leader in technology and data solutions, announce an expanded strategic alliance focused on helping to drive sustainable growth and achieve compliance. The alliance uses each organization’s capabilities, proprietary tools and market insights to help businesses and governments analyze, address hidden risks and get greater value from their supply chains.

Build a better logo in the working world.  (PRNewsFoto/Ernst & Young)

Build a better logo in the working world. (PRNewsFoto/Ernst & Young)

Andy BaldwinEY Global Managing Partner – Client Services, says:

“Today’s ESG landscape is complex. Our alliance with Thomson Reuters not only deepens the trust and commitment between our two organizations but also addresses ESG risk opportunities that are critical to customers’ growth strategies. business needs in the supply chain and regulatory space.”

Through this alliance, EY US and Thomson Reuters have developed new ESG tools, and will continue to develop more in the future. Solutions include offering supplier risk management services, and access to sustainability tax content. These solutions can support customers’ strong needs for both supply chain risk assessment and monitoring, along with providing a greater understanding of ESG-related regulations.

Supply Chain Risk Identification: This service offering provides insight-based actions to address global supply chain challenges by leveraging the data, technology and human experience of EY US and Thomson Reuters. The solution delivers deep insights into supply chains, leading to the identification of ESG-related supply chain risks, such as increased supplier visibility and forced labor, while providing scores on risk and deliver continuous monitoring to paint a broader picture of supply chain transparency.

The ESG “Green” Tax Framework: This research, analytics and data collection framework includes global tax laws, regulatory information, policy developments and industry insights around the world. It provides a central location for informed ESG tax obligations, credits and incentive scenario planning as well as a view of the horizon of policies being considered around the world.

Steve RubleyPresident, Thomson Reuters government business, says:

“In partnership with EY US, Thomson Reuters is leading the way in leveraging new technology and unique analytics to create reliable ESG tools for our customers. By equipping professionals with information and insight, helping we them to navigate today’s increasingly complex global environment, as well as allowing them to use data for the benefit of solving social issues, such as forced labor in supply chains.

For more information, visit ey.com/alliances/thomson-reuters.

About EY

EY exists to build a better working world, help create long-term value for clients, people and society and build trust in the capital markets. Powered by data and technology, EY’s diverse teams in more than 150 countries deliver 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 to 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 individuals’ rights under data protection law is 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.

About Thomson Reuters

Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabling software and tools for legal, tax, accounting and compliance professionals integrated with the world’s most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.

This news release is issued by Ernst & Young LLP, a client service firm that is a member of Ernst & Young Global Limited operating in the US.

Thomson Reuters

Thomson Reuters

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Cision

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SOURCE EY; Thomson Reuters

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