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 43 is higher than 64% 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 2023, Ally reported total emissions of approximately 2,000,000 kg CO2e, comprising 1,000,000 kg CO2e from Scope 1 and 1,000,000 kg CO2e from Scope 2. This marks a continuation of their operational carbon neutrality strategy for these scopes, which has been executed for the fourth consecutive year through a combination of carbon offsets and Green-e Energy Certified renewable energy credits. In 2022, Ally's emissions were significantly higher, with total emissions reaching about 202,423,000 kg CO2e in the US alone. This included 5,494,000 kg CO2e from Scope 1, 10,019,000 kg CO2e from Scope 2, and a substantial 186,910,000 kg CO2e from Scope 3 emissions, which encompass various categories such as purchased goods and services, capital goods, and employee commuting. Ally's commitment to reducing its carbon footprint is evident in its near-term targets for 2023 to 2025, focusing on achieving net-zero emissions for Scope 1 and 2. The company has not disclosed specific targets under the Science Based Targets initiative (SBTi) but continues to report emissions data through the Carbon Disclosure Project (CDP), inheriting relevant data from its parent company, Ally Financial Inc. Overall, Ally's climate commitments reflect a proactive approach to sustainability, aiming to mitigate its environmental impact while maintaining transparency in its emissions reporting.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 0,000,000 | 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.
