Ant Group Co., Ltd. Sustainability Profile
Ant Group Co., Ltd., a leading technology company headquartered in China, is renowned for its innovative financial services and digital payment solutions. Founded in 2014 as a subsidiary of Alibaba Group, Ant Group has rapidly evolved, establishing a significant presence in Asia and beyond. The company operates primarily in the fintech industry, focusing on areas such as digital payments, wealth management, and credit services. Its flagship product, Alipay, stands out as one of the world's largest mobile payment platforms, offering unique features that enhance user experience and security. With a commitment to financial inclusion, Ant Group has achieved remarkable milestones, including a record-breaking IPO attempt in 2020. Today, it holds a prominent market position, continually pushing the boundaries of technology to redefine the financial landscape.
DitchCarbon Score
How does Ant Group Co., Ltd.'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 Computer Services 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
Ant Group Co., Ltd.'s score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ant Group Co., Ltd.'s reported carbon emissions
In 2024, Ant Group Co., Ltd. reported total carbon emissions of approximately 661.9 million kg CO2e. This figure includes Scope 1 emissions of about 6.2 million kg CO2e, Scope 2 emissions of approximately 8.0 million kg CO2e, and significant Scope 3 emissions totalling around 647.7 million kg CO2e. The previous year, 2023, saw total emissions of about 779.2 million kg CO2e, with Scope 1 at approximately 6.9 million kg CO2e, Scope 2 at about 8.1 million kg CO2e, and Scope 3 emissions reaching around 764.2 million kg CO2e. Ant Group has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company has not cascaded any emissions data from a parent organisation, indicating that all reported figures are derived directly from their own operations. The absence of detailed reduction strategies suggests a need for further development in their climate action plans.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 6,490,790 | 0,000,000 | 0,000,000 |
| Scope 2 | 14,597,140 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Ant Group Co., Ltd.'s Industry?
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Ant Group Co., Ltd.'s Scope 3 Categories Breakdown
Ant Group Co., Ltd.'s Scope 3 emissions, which decreased by 15% last year and decreased by approximately 15% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 2% of Scope 3 emissions.
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Ant Group Co., Ltd.'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.
Ant Group Co., Ltd. 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.
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