Ey And Extreme E Team Up For Climate Agenda Partnership

EY and Extreme E have entered into a new partnership in a bid to minimise the off-road electric racing series’ footprint and leave a positive climate legacy.

The partnership will see EY support Extreme E to minimise its environmental impact across its events, logistics and operations, by developing a ‘Social and Environmental Impact Assessment’ framework. 

According to Extreme E, EY teams will help identify local companies to undertake the assessment in each race location, which will aim to offset any ‘unavoidable effects’ by setting up local legacy projects.

EY teams will also develop pre and post-racing carbon accounts including identifying and calculating ‘Scope 1, 2, and 3’ emission sources to support carbon offsetting agreements. It will also support Extreme E’s efforts to highlight the impact of climate change and the benefits of electric vehicle adoption through thought leadership and industry insights.

“Extreme E will draw attention to the risks of climate change, whilst showing the world the opportunities that low carbon technologies present,” said Dr Matthew Bell, from EY’s Climate Change and Sustainability Services team.

“EY teams, with their broad knowledge of climate change issues, can help Extreme E further its mission by helping measure, monitor and manage the direct and indirect carbon footprint of the race series. This will help ensure that in addition to an exciting race series, this collaboration can further our shared ambition to create a positive environmental and social legacy for generations to come.”

Alejandro Agag, Founder and CEO, Extreme E, said: “We are incredibly pleased to collaborate with EY on this important initiative, which will enable Extreme E to assess and understand its impact and, as a result, implement legacy programs which provide environmental and social support tailored to specific local needs.

“EY already has developed a long-standing relationship with our sister series, Formula E, and they have many years of experience in the areas of sustainability and eMobility. The expertise they provide is globally respected. Extreme E is a forward-thinking and innovative championship and together we believe we can gain and share some truly tangible and actionable insights.”

Gavin Rennie, EY Global Energy & Resources Leader, added: “Electrification in mobility is gathering pace, fuelled by government policy, shareholder activism and consumer demand. We believe this transformation presents a huge and immediate opportunity for governments, the energy and resources industry and others, including the automotive and manufacturing sectors.

“We are delighted to collaborate with Extreme E who are utilising the power and influence of sport to highlight the impact of climate change and the benefits of electric vehicle adoption. Together we believe we can develop innovative insights which pave the way to new advancements and ultimately help build a better working world.”