Ally Sustainability Profile
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 62 is higher than 78% 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 2024, Ally reported total carbon emissions of approximately 194,156,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 194,156,000 kg CO2e. Scope 1 emissions were approximately 5,585,000 kg CO2e, while Scope 2 emissions totalled about 8,975,000 kg CO2e. In 2023, Ally's emissions were slightly higher, with total emissions of about 200,288,000 kg CO2e, including 5,402,000 kg CO2e from Scope 1 and 9,016,000 kg CO2e from Scope 2. Ally has committed to achieving operational carbon neutrality for its Scope 1 and 2 emissions for the fourth consecutive year, a target set for 2023 through 2025. This commitment involves a combination of purchasing carbon offsets and Green-e Energy Certified renewable energy credits. The emissions data is sourced directly from Ally Financial Inc., with no cascaded data from a parent or related organization. Ally's climate strategy reflects a proactive approach to reducing its carbon footprint while maintaining transparency in its emissions reporting.
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| 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's Industry?
How Carbon Intensive is Ally's Location?
Ally's Scope 3 Categories Breakdown
Ally'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'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 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.
