Ant Group Co., Ltd.
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 17 is lower than 88% 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 2022, Ant Group Co., Ltd. reported carbon emissions of approximately 21,087,930 kg CO2e, specifically from Scope 1 emissions. This figure highlights the company's commitment to carbon neutrality for its direct emissions. However, there is no available data for 2023 emissions or for Scope 2 and Scope 3 emissions, indicating a lack of comprehensive disclosure in these areas. Ant Group has not set specific reduction targets or initiatives, nor does it appear to have cascaded any targets from parent or related organisations. The company is currently focusing on its carbon neutrality goal for Scope 1 emissions, but further details on broader climate commitments or strategies are not disclosed. Overall, while Ant Group has made strides in addressing its direct emissions, the absence of detailed emissions data and reduction targets suggests that there is room for improvement in its climate strategy and transparency.
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.
Ant Group Co., Ltd. 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.
