Ally Bank Sustainability Profile
Ally Bank, officially known as Ally Financial Inc., is a leading digital financial institution headquartered in the United States. Founded in 2009, Ally Bank has rapidly established itself in the banking industry, primarily focusing on online banking, auto financing, and investment services. With a commitment to providing customer-centric solutions, the bank offers a range of core products, including high-yield savings accounts, competitive certificates of deposit (CDs), and no-annual-fee credit cards, all designed to enhance financial growth. Ally Bank's unique approach to banking, characterised by its user-friendly digital platform and transparent fee structures, has garnered significant recognition. As a pioneer in the online banking sector, it has achieved notable milestones, including consistently high customer satisfaction ratings and a strong market position among digital banks in the US.
DitchCarbon Score
How does Ally Bank'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 Bank's score of 34 is higher than 55% 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 Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, it is important to note that Ally Bank is a current subsidiary of Ally Financial Inc., which may influence its climate commitments and reporting practices. While Ally Bank has not set specific reduction targets or initiatives, it is part of a broader corporate family that may have sustainability goals. The emissions data and performance metrics are cascaded from Ally Financial Inc., which operates at a higher corporate level. This relationship suggests that Ally Bank may align its climate strategies with those of its parent company, although specific details on emissions or targets are not available. In the context of the financial services industry, many institutions are increasingly focusing on sustainability and carbon reduction. Ally Bank's commitment to climate action may evolve as it aligns with industry standards and practices, particularly those set by its parent company.
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Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,139,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,822,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 220,381,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Ally Bank's Industry?
How Carbon Intensive is Ally Bank's Location?
Ally Bank's Scope 3 Categories Breakdown
Ally Bank's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 12% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
Top Scope 3 Categories
Ally Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ally Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
