{"id":2058,"date":"2019-04-19T11:46:35","date_gmt":"2019-04-19T18:46:35","guid":{"rendered":"https:\/\/stopthecrime.net\/wp\/?p=2058"},"modified":"2019-04-19T11:46:35","modified_gmt":"2019-04-19T18:46:35","slug":"ernst-young-from-wikipedia","status":"publish","type":"post","link":"https:\/\/stopthecrime.net\/wp\/2019\/04\/19\/ernst-young-from-wikipedia\/","title":{"rendered":"ERNST & YOUNG – From Wikipedia:"},"content":{"rendered":"
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Ernst & Young (EY) is a multinational professional services firm headquartered in London, England, United Kingdom.\u00a0EY is one of the largest professional services firms in the world and is one of the “Big Four” accounting firms<\/b>.\u00a0 It\u2019s Chairman and CEO is Mark Weinberger.\u00a0EY ALSO is a leader in working with companies to value their \u201cNatural Capital\u201d.<\/b><\/div>\n
It has 270,000 employees in over 700 offices and provides assurance (including financial audit), tax, consulting and advisory services to companies.<\/div>\n
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https:\/\/www.ey.com\/gl\/en\/newsroom\/news-releases\/news-ey-global-business-leaders-and-investors-unite-to-develop-framework-that-measures-long-term-value-creation-for-all-stakeholders<\/a><\/div>\n
Excerpts from an article dated June 28, 2017 \u2013 \u201cThe Coalition for Inclusive Capitalism and EY\u00a0<\/b>have announced that they\u00a0are bringing together CEOs from over 20 global companies<\/b>,\u00a0representing\u00a0<\/b>more than\u00a0US $20 trillion of assets<\/b>\u00a0under management,\u00a0to work on<\/b>\u00a0a project, called \u201cThe Embankment Project for Inclusive Capitalism\u201d which will develop and test a new framework to better reflect the full value companies create through human, physical, financial and intellectual capital deployment.\u201d\u00a0<\/b><\/div>\n
THIS IS AN ADDITIONAL WAY TO VALUE COMPANIES. INSTEAD OF VALUING COMPANIES, CITIES, ETC. BY THEIR PROFITS\/LOSSES, THEIR INTANGIBLE STRATEGIC ASSETS THAT BENEFIT SOCIETY ARE INCLUDED IN THEIR VALUATION. \u00a0<\/b><\/div>\n
FOR EXAMPLE, THE NATURAL CAPITAL COALITION WEBSITE SAYS THIS: (https:\/\/naturalcapitalcoalition.org\/faq\/<\/a>) \u00a0 \u201ca natural capital approach works to illuminate nature\u2019s (often hidden) value, whether it be economic, social, environmental, cultural or spiritual value, or economic.\u00a0 It goes on to say, \u201c<\/b>when we purchase almost any physical good, we are, in a sense, commodifying nature in that we are signifying our willingness to pay a designated price in exchange for ownership of natural materials, organisms and their derivatives.<\/b><\/div>\n
In this way, much of nature is already commodified, and has been for thousands of years.<\/b>\u00a0While there are many prices for the products that are created with nature and natural derivatives,\u00a0<\/b>the value of leaving the natural world intact is often far less understood, or worse regarded as 0. Natural capital approaches work to illuminate the value of an intact natural world, by recognizing the value created in\u00a0<\/b>the absence of traditional economic activities<\/b>.\u201d<\/b><\/div>\n
Lady Lynn Forester de Rothschild, Founder of the Coalition for Inclusive Capitalism is doing something similar, in parallel, with the partnership of EY.<\/b><\/div>\n
The [COALITION] group will scrutinize, test and refine a framework that is being developed by EY.\u00a0<\/b>The Coalition for Inclusive Capitalism will work collaboratively with EY.<\/b><\/div>\n
The project goes to activities that are at the very heart of value creation, but are not now fully captured on a company\u2019s P&L or balance sheet. The Embankment Project for Inclusive Capitalism attempts to properly value a firm\u2019s intangible strategic assets.<\/b>\u00a0<\/b>The Project would not be possible without the EY framework<\/b>.<\/b><\/div>\n
<\/div>\n
<\/div>\n
PUTTING A PRICE ON THE AIR YOU BREATHE – LITERALLY<\/b><\/div>\n
ERNST & YOUNG (EY):<\/b><\/div>\n
\u00b7\u00a0 \u00a0 \u00a0 \u00a0 A multinational professional services firm headquartered in London, England, United Kingdom<\/b><\/div>\n
\u00b7\u00a0 \u00a0 \u00a0 \u00a0 One of the largest professional services firms in the world and is one of the “Big Four” accounting firms.\u00a0 EY provides assurance and financial audits, tax, consulting and advisory services to companies and cities globally.<\/b><\/div>\n
\u00b7\u00a0 \u00a0 \u00a0 \u00a0 EY\u2019s Chairman and CEO is Mark Weinberger with 270,000 employees worldwide<\/b><\/div>\n
\u00b7\u00a0 \u00a0 \u00a0 \u00a0 EY is a partner working with Lady Lynn Forester de Rothschild and various companies and cities to value \u201cNatural Capital\u201d<\/b><\/div>\n
<\/div>\n
Excerpts from an article dated June 28, 2017 \u2013 The Coalition for Inclusive Capitalism (founded by Lady Lynn Forester de Rothschild) and EY (a Coalition partner) have announced that they are bringing together CEOs from over 20 global companies, representing more than US $20 trillion of assets under management, to work on a project, called \u201cThe Embankment Project for Inclusive Capitalism\u201d.\u00a0 The project goes to activities that are at the very heart of value creation, but are not now fully captured on a company\u2019s P&L or balance sheet. The Embankment Project for Inclusive Capitalism attempts to properly value a firm\u2019s intangible strategic assets. The Project would not be possible without the EY framework.<\/b><\/div>\n
<\/div>\n
\u201cINTANGIBLE\u201d INCLUDES THE EARTH, EVEN IN THE ABSENCE OF ANY ACTIVITY:<\/b><\/div>\n
The Natural Capital Coalition (also working with EY) website says, \u201ca natural capital approach works to illuminate nature\u2019s (often hidden) value, whether it be economic, social, environmental, cultural or spiritual value, or economic.\u201d\u00a0 Also, \u201cwhen we purchase almost any physical good,\u00a0<\/b>we are, in a sense, commodifying nature<\/b>\u00a0in that we are signifying our willingness to pay a designated price in exchange for ownership of natural materials, organisms and their derivatives.”<\/b><\/div>\n
And, “In this way, much of nature is already commodified, and has been for thousands of years…. While there are many prices for the products that are created with nature and natural derivatives,\u00a0<\/b>the value of leaving the natural world intact is often far less understood, or worse regarded as 0.<\/b>\u00a0\u00a0<\/b>Natural capital approaches work to illuminate the value of an intact natural world, by recognizing the value created in the absence of traditional economic activities<\/b>.\u201d<\/b><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ernst & Young (EY) is a multinational professional services firm headquartered in London, England, United Kingdom.\u00a0EY is one of the largest professional services firms in the world and is one of the “Big Four” accounting firms.\u00a0 It\u2019s Chairman and CEO is Mark Weinberger.\u00a0EY ALSO is a leader in working with companies to value their \u201cNatural […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2058","post","type-post","status-publish","format-standard","hentry","category-accounting-fraud"],"_links":{"self":[{"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/posts\/2058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/comments?post=2058"}],"version-history":[{"count":1,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/posts\/2058\/revisions"}],"predecessor-version":[{"id":2059,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/posts\/2058\/revisions\/2059"}],"wp:attachment":[{"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/media?parent=2058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/categories?post=2058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stopthecrime.net\/wp\/wp-json\/wp\/v2\/tags?post=2058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}