Sean MacHale, a partner at EY Ireland Financial Services, anticipates double digit growth in the upcoming year with the addition of 40 specialists.

Furthermore, a network of people with in-depth knowledge of sustainability from the US, Europe, and Asia-Pacific is anticipated to convene in order to counsel clients on ESG reporting, delving deeply into topics such as international goals, biodiversity, and nature as well as EU regulations.

"The financial services sector plays a central role in the transition to a more sustainable future," says Colin Ryan, country lead for EY Ireland's financial services division. "We are now significantly expanding our capacity to deliver end-to-end sustainable finance transformation services to clients in the sector."With the addition of 40 specialized personnel in the three ESG pillars, our Dublin hub will grow into a major worldwide hub for sustainable financial services innovation. Over the next few years, the industry will have to comply with an increasing number of regulatory requirements; this year alone, many businesses have many deadlines to meet. Our new hub will assist businesses in reporting on their operations more successfully and will support clients in making sure they continue to comply with the ever-changing regulatory landscape.

According to MacHale, there has been a recent increase in the financial sector's need for measurable progress on ESG issues.Businesses must show transparency and accountability about their progress toward Net Zero targets and positive environmental benefits in a socially inclusive manner in order to meet the regulatory reporting and disclosure requirements that are placing a strong pressure on them. The financial industry has a special opportunity to bring about meaningful good change because it manages the world's capital flows, and we are extremely happy to assist businesses in their ongoing ESG efforts.

"With so much activity in the area of sustainability reporting right now, it's important that our clients have the resources they need to keep up," says Fidelma Clarke, partner in charge of risk consulting for financial services. We are thrilled to be reaffirming our dedication to bringing about constructive change.

"Sustainability is a top agenda item for all financial services firms worldwide," says Shaun Carazzo, leader of EY EMEIA financial services climate change and sustainability. "It covers individual Net Zero transition plans all the way to the development of greener services and products." Our innovation hub will expand on our already industry-leading sustainable finance advising practice and shows EY's dedication to the ESG issue. We can provide clients with a one-stop shop by assembling the talent from EY's sustainable finance network, and I'm excited to expand the hub in response to demand.