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 40 is higher than 63% 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 in the US, 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 totalling around 186,910,000 kg CO2e. The company has committed to achieving operational carbon neutrality for its Scope 1 and 2 emissions for the fourth consecutive year, through a strategy that includes purchasing carbon offsets and Green-e Energy Certified renewable energy credits. This commitment is part of a near-term initiative running from 2023 to 2025. In 2021, Ally's total emissions were about 224,250,000 kg CO2e in the US, with Scope 1 emissions at approximately 4,442,000 kg CO2e and Scope 2 emissions at around 9,758,000 kg CO2e. The Scope 3 emissions were significant, reaching about 210,050,000 kg CO2e. Globally, in 2022, Ally's emissions included approximately 5,402,000 kg CO2e for Scope 1, 9,016,000 kg CO2e for Scope 2, and a substantial Scope 3 total of about 186,000,000 kg CO2e. The company has not disclosed specific SBTi targets but continues to focus on reducing its carbon footprint through operational strategies and carbon offset purchases. Ally's emissions data is sourced from Ally Financial Inc., and no data has been cascaded from a parent or related organization.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | 0,000,000 |
| Scope 2 | - | - | 0,000,000 |
| Scope 3 | 233,141,000 | 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 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.
