Global accounting firm Ernst & Young is intensifying its focus on green business initiatives in China by introducing tools such as carbon calculator, injecting fresh impetus to green transformation of industries.

Jack Chan, EY China chairman, showed optimism about the development opportunities that the green economy presents for businesses in China, at a recent news conference.

"Recognizing the risks and opportunities associated with climate change, EY has incorporated these factors into its overall development strategy. The company plans to further invest in decarbonization services and solutions that assist clients in achieving both profitability and green transformation," said Chan.

This year, EY has unveiled multiple decarbonization tools, including the carbon calculator — a mobile app, and a carbon management system.

The company is also actively engaged in green and low-carbon practices such as resource reservation, reducing carbon dioxide emissions by a cumulative total of 391.39 metric tons over the past five years.