Kyiv, May 14, 2012 – Ernst & Young released its third Corporate Responsibility Report for Ukraine, illustrating the results of the company’s performance in the economic, social and environmental spheres. The report covers the activities of the Ukrainian offices, located in Kyiv and Donetsk, during the financial year 2010 (from 1 July 2010 to 30 June 2011).

Ernst & Young`s corporate responsibility includes building strong relationships with all our stakeholders (internal and external) and care for the environment. Key program areas are covered in the four relevant sections of the report: Workplace, Marketplace, Environment and Community, being confirmed with measurable indicators. For example, the description of corporate values and CR initiatives is illustrated by the volunteers involvement (35% of staff took part in volunteer projects) and the ecological impact indicators (disposable plastic usage decreased by 90%).

Key highlights in the area of corporate responsibility:

• last year 7 thousands students and schoolchildren were involved in 14 educational projects organized and / or supported by Ernst & Young;
• Ernst & Young has organized and / or supported 25 events dedicated to improving business-climate in Ukraine;
• 12.5 tons of paper put in recycling – which is 84% of paper purchased during the year;
• client serving employees participated in more than 90 training courses, dedicating about 11 000 training hours to their professional development;
• 77% of employee mothers believed that the Working Mothers Support Program provides a better work-life balance.

Alexei Kredisov, Country Managing Partner of Ernst & Young Ukraine, comments: "Ernst & Young has been operating in Ukraine for over 20 years. Our day-to-day activity confirms the Company’s commitment to the basic principles of business ethics, which cover human rights, working conditions, attitudes toward the environment and fighting corruption. In years, many of our social projects have transformed, becoming deeper and wider, and in 2011 we have introduced new initiatives in the areas of HR management, environmental impact reduction, volunteering and charity. Our long-term strategy focuses on fostering long-term and sustainable values for the company and community. And we are proud that 94.7% of our clients would recommend Ernst & Young as a reliable partner.”

The report was prepared by the Ernst & Young Corporate Responsibility Committee in accordance with the G3 Global Reporting Initiative (GRI) requirements and UN Global Compact principles.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young expands its services and resources in accordance with clients’ needs throughout the CIS. 4000 professionals work at 18 offices in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Togliatti, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk.

Ernst & Young established its practice in Ukraine in 1991. Ernst & Young Ukraine now employs more than 500 professionals providing a full range of services to a number of multinational corporations and Ukrainian enterprises.

For more information about our organization, please visit www.ey.com/ua.

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