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 38 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ally's reported carbon emissions
In 2022, Ally reported total carbon emissions of approximately 202,423,000 kg CO2e, with Scope 1 emissions at about 5,494,000 kg CO2e, Scope 2 emissions at approximately 10,019,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 186,910,000 kg CO2e. The largest components of Scope 3 emissions included purchased goods and services (approximately 164,924,000 kg CO2e) and investments (about 153,633,000 kg CO2e). In 2021, Ally's total emissions were approximately 224,250,000 kg CO2e, with Scope 1 emissions at about 4,442,000 kg CO2e and Scope 2 emissions at approximately 9,758,000 kg CO2e. The Scope 3 emissions for that year were around 210,050,000 kg CO2e, again highlighting the substantial impact of purchased goods and services. For 2020, Ally's total emissions were reported at approximately 241,126,000 kg CO2e, with Scope 1 emissions of about 4,139,000 kg CO2e and Scope 2 emissions at approximately 7,822,000 kg CO2e. The Scope 3 emissions were significant, totalling around 229,165,000 kg CO2e. Despite these figures, Ally has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. Ally's emissions per full-time equivalent (FTE) employee have shown a slight improvement, with figures of approximately 1,340 kg CO2e in 2022 and 1,300 kg CO2e in 2023, indicating a potential focus on operational efficiency. Overall, while Ally has made strides in tracking and reporting emissions, the lack of defined reduction targets raises questions about their commitment to addressing climate change effectively.
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Add to project| 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 committed to any reduction initiatives 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.
