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 90% 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, with Scope 1 emissions at about 5,494,000 kg CO2e, Scope 2 emissions at approximately 10,019,000 kg CO2e, and significant Scope 3 emissions of around 186,910,000 kg CO2e. The Scope 3 emissions were primarily driven by purchased goods and services, which accounted for about 164,924,000 kg CO2e. In 2021, Ally's total emissions were approximately 224,250,000 kg CO2e, with Scope 1 emissions of about 4,442,000 kg CO2e and Scope 2 emissions of approximately 9,758,000 kg CO2e. The Scope 3 emissions for that year were around 210,050,000 kg CO2e, again largely influenced by purchased goods and services. The company has shown a reduction in total emissions from 2021 to 2022, decreasing by about 21,827,000 kg CO2e. However, there are no specific reduction targets or initiatives disclosed in their climate commitments, indicating a potential area for improvement in their sustainability strategy. For 2023, emissions data is not yet available, but Ally has reported a decrease in emissions per full-time equivalent employee to approximately 1,300 kg CO2e and a reduction in emissions per unit of revenue to about 0.00066 kg CO2e. This suggests ongoing efforts to improve efficiency and reduce carbon intensity. Overall, while Ally has made strides in reducing its emissions, the absence of formal reduction targets highlights the need for a more structured approach to climate commitments.
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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 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.
