EY (www.ey.com.au) one of Australia’s leading professional services firms, acquired Net Balance Management Group in September 2014, under which ECO-Buy used to sit. ECO-Buy will continue to operate as a not-for-profit, separate, independent company limited by guarantee. ECO-Buy has Income Tax Exempt status, in recognition of its charitable objectives. ECO-Buy must continue to demonstrate the pursuit of these objectives to the Australian Taxation Office to maintain this status.
Terence Jeyaretnam will remain as ECO-Buy Director and Trish McGee as General Manager. The ECO-Buy staff remain the same.
The merger of Net Balance with EY sees the combined EY Australia national Climate Change and Sustainability team grow to more than 90 people and become Australia’s largest team in the area of sustainability reporting and advice, social impact, carbon and energy, health, safety, environment and community. The combined technical and strategic capability of the EY team will further strengthen our ability to service clients across all areas of sustainability and climate change, including our continued support of public, private and not for profit services.