Ally
Ally Financial Inc., commonly known as Ally, is a leading digital financial services company headquartered in the United States. Founded in 1919, Ally has evolved from its origins in automotive finance to become a prominent player in the banking and investment sectors, serving customers across the nation. With a strong focus on online banking, auto financing, and investment services, Ally distinguishes itself through its user-friendly digital platform and competitive interest rates. The company has achieved significant milestones, including the launch of its high-yield savings accounts and innovative investment tools, which have garnered a loyal customer base. Recognised for its commitment to customer service and transparency, Ally has positioned itself as a trusted name in the financial industry, consistently earning accolades for its performance and customer satisfaction.
DitchCarbon Score
How does Ally's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ally's score of 40 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ally's reported carbon emissions
In 2022, Ally reported total carbon emissions of approximately 202,423,000 kg CO2e. This comprised 5,494,000 kg CO2e from Scope 1 emissions, 10,019,000 kg CO2e from Scope 2 emissions, and a significant 186,910,000 kg CO2e from Scope 3 emissions, which includes categories such as purchased goods and services (164,924,000 kg CO2e) and investments (153,633,000 kg CO2e). In 2021, Ally's total emissions were about 224,250,000 kg CO2e, with Scope 1 emissions at 4,442,000 kg CO2e and Scope 2 emissions at 9,758,000 kg CO2e. The Scope 3 emissions for that year were approximately 210,050,000 kg CO2e. The most recent data for 2023 does not include specific emissions figures, indicating a lack of disclosed emissions for that year. However, previous years show a trend of decreasing emissions, with a notable reduction from 2021 to 2022. Ally has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions across all three scopes, demonstrating a commitment to transparency in its climate impact reporting.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 4,139,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | - |
| Scope 3 | 229,165,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ally is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
