Alibaba’s Ant Group pledges to be carbon neutral by 2030
In September 2020, Chinese President Xi Jinping claimed that China would reach peak carbon emissions by 2030 and carbon neutrality by 2060, which has inspired more Chinese enterprises to contribute to higher emission reduction targets.
On March 12nd, 2021, as Alibaba’s financial affiliate, Ant Group announced that it will aim to achieve carbon neutrality by 2030 and that it plans to leverage tech innovations to reduce emissions for example by using blockchain to track progress in carbon reduction, joining the urgent global efforts to tackle climate change and its devastating effects.
Ant Group pioneers its action towards carbon neutrality and detailed a path to achieve the aim, including neutralize carbon emissions associated with direct and indirect energy consumption since 2021 (Scope 1 and Scope 2), regularly disclose progress on its carbon neutrality aim, fully cancel out carbon emissions generated by sources it does not own or control by 2030, covering areas such as supply chain and business travel (Scope 3). In its comprehensive roadmap, Ant Group emphasizes to take concrete actions to reduce GHG emissions rather than purchasing credit to offset. Relevant direct activities include energy-efficiency and emission-reduction renovation of existing office parks; design, construction and operation of new office parks in line with green building standards; incentivizing low carbon office behavior; and promoting green investment. In addition, Ant Group will take innovative measures to improve the energy efficiency of its data centers and develop green procurement mechanism to promote emissions reduction of its supply chain.
To ensure the pledge and path credible and transparent, Ant Group commissioned China Environmental United Certification Center (CEC), an independent certification body with CDM/CCER DOE qualification, to provide the scientific demonstration for its target. Meanwhile, Ant Group will cooperate with CEC to launch a carbon neutrality implementation guide for the fintech industry, leading low carbon actions for digital finance companies.