In this episode of Going Long, Sarah Williamson sits down with Carmine Di Sibio, Global Chairman and CEO of EY. They delve into the importance of long-term strategy in today’s fast-paced business environment, discussing EY’s Vision 2020 and Next Wave strategies, which emphasize growth, innovation, and long-term value creation. Di Sibio shares insights on the evolving landscape of ESG disclosures and the transformative potential of AI. Reflecting on his career at EY, Di Sibio offers advice for future leaders and his perspective on navigating disruptions in the global market.

Topics covered in this episode include:

• [2:22] The role of purpose in building sustainable, long-term strategies.
• [8:12] The challenges and opportunities in ESG disclosures and non-financial reporting.
• [18:36] Managing global disruptions and maintaining a focus on long-term goals.
• [24:23] The impact of AI on business efficiency and innovation.
• [30:26] Reflections and lessons learned from a nearly 40-year career at EY and 5+ years leading the organization.

About Carmine Di Sibio

Carmine Di Sibio is the EY Global Chairman and CEO, one of the largest professional services organizations in the world, which last year achieved US$50b in revenues. Prior to being elected to his current post, Carmine served as the EY Global Managing Partner – Client Service, leading the execution of the organization’s global strategy and its four geographical areas and four service lines.

In 2019, Carmine led the development of the EY global strategy, NextWave, which expands on the purpose of Building a better working world and has a clear ambition to create long-term value for all stakeholders.

Carmine helped to create the Global Innovation team to redefine how EY teams use technology to both transform existing services and create new solutions. Prior to that, Carmine has held several global operating and leadership positions at the EY organization using his extensive experience in financial services. His global experience has equipped him with a keen understanding of cultures and clients worldwide, and he is a strong advocate for the power of the global EY organization.

Early in his career at EY, Carmine served as an Advisory and Assurance partner for many of the largest EY financial services accounts. He previously served as the Chair of the Global Financial Services Markets Executive and Regional Managing Partner for the Americas Financial Services Organization (FSO), where he started EY Risk Management and Regulatory Services, which is now a multibillion-dollar global business. He has a foundation in audit and is a practicing Certified Public Accountant.

Carmine is on the board of the Sustainable Markets Initiative, a group of over 200 CEOs working together to catalyze a coordinated global effort to enable the private sector to accelerate the achievement of global climate, biodiversity and Sustainable Development Goal targets.  He is also a member of the board of Focusing Capital on the Long Term (FCLT) to encourage a long-term focus in business that can drive inclusive growth.

Carmine serves as a Co-Chair of the New York Jobs CEO Council, an organization with the mission to foster collaboration between business, education, and community leaders in preparing the diverse New York communities for the future of work and to meet employer needs. He also co-chairs New York City Mayor Eric Adams’ Future of Workers Task Force.

He plays an active role in the World Economic Forum (WEF), serving as a member of its International Business Council, and has been actively involved in developing a core set of metrics to help standardize disclosures around environmental, social, and governance (ESG) factors, and long-term value creation. Carmine is a member of the Washington, DC-based US Business Roundtable, the International Business Leaders Advisory Council (IBLAC) to the Mayor of Shanghai, and the Council for Inclusive Capitalism with the Vatican.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide 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 for the complex issues facing our world today.