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saya_
2022-08-29

Companies that care about their carbon footprint have a place in my heart...and on my portfolio ;)

Alibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year

Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company's ESG report published on August 29.

Alibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 18:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://pandaily.com/alibaba-releases-2022-esg-report-cutting-carbon-emission-by-620000t-last-year/><strong>Pandaily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the largest buyer of renewable energy among Chinese companies listed in the BloombergNEF 2021 ranking, Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to ...</p>\n\n<a href=\"https://pandaily.com/alibaba-releases-2022-esg-report-cutting-carbon-emission-by-620000t-last-year/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://assets.pandaily.com/uploads/2022/08/飞书20220829-180410.jpg","relate_stocks":{"BK4558":"双十一","ESG":"FlexShares STOXX US ESG Select Index Fund","BK1521":"挪威政府全球养老基金持仓","BK1502":"双十一","BK1586":"云计算","BK4535":"淡马锡持仓","BABA":"阿里巴巴","BK4538":"云计算","GHG":"格林酒店","BK1501":"阿里概念股","BK4581":"高盛持仓","BK4548":"巴美列捷福持仓","BK1142":"互联网与直销零售","BK4565":"NFT概念","BK1588":"回港中概股","BK4503":"景林资产持仓","BK4524":"宅经济概念","BK1517":"云办公","BK4554":"元宇宙及AR概念","BK4122":"互联网与直销零售","BK1608":"元宇宙概念","BK4575":"芯片概念","BK1575":"同股不同权","BK4502":"阿里概念","BK4527":"明星科技股","BK1584":"蚂蚁金服概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4505":"高瓴资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4526":"热门中概股","BK4504":"桥水持仓","BK1591":"就地过年概念","BK4534":"瑞士信贷持仓","09988":"阿里巴巴-W","BK4531":"中概回港概念","BK4579":"人工智能","BK4142":"酒店、度假村与豪华游轮"},"source_url":"https://pandaily.com/alibaba-releases-2022-esg-report-cutting-carbon-emission-by-620000t-last-year/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263817505","content_text":"As the largest buyer of renewable energy among Chinese companies listed in the BloombergNEF 2021 ranking, Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company’s Environmental, Social and Governance (ESG) report published on August 29.\nThis report is Alibaba‘s first progress update since it pledged to reach carbon neutrality by 2030 and slash carbon emissions by 1.5 gigatons across its digital ecosystem by 2035.\n“We believe in our responsibility and capability to be a driver of positive change more than ever,” said Alibaba Chairman and CEO Daniel Zhang in the report.\nIn the first half of 2022 alone, Alibaba purchased more than 800 million kWh of clean energy, a 150% increase from the full year of 2021. In FY2022, 21.6% of the electricity for Alibaba Cloud was from clean energy.\nDuring the company’s FY2022, Alibaba‘s greenhouse gas (GHG) emissions totalled 13.249 million metric tons of carbon dioxide equivalent (MtCO2e). Among them, direct GHG emissions (Scope 1) accounted for 0.927 million MtCO2e, including stationary combustion, direct fugitive emissions, and mobile combustion.\nIndirect GHG emissions (Scope 2) from purchased electricity and heat were 4.445 million MtCO2e, mainly used for operating cloud computing data centers, retail stores, offices, and warehouses. Indirect GHG emissions along the value chains (Scope 3) that could be accurately assessed were approximately 7.877 million MtCO2e, consisting mainly of fuel consumption in outsourced transportation and distribution services in the e-commerce business, purchased power in leased data centres, use of packaging and consumables, infrastructure operations, and employee travel.\n“ESG not only provides a framework for tackling a series of global challenges, but is also the bridge to carry Alibaba to 102 years and beyond,” added Zhang.\nAlibaba Group is targeting Scope 1 and 2 carbon neutrality, as well as 50% carbon intensity reduction for Scope 3 by 2030. It has also added a new Scope 3+ dimension to its targets to facilitate an additional 1.5 gigatons of decarbonization across the Alibaba Ecosystem by 2035. Alibaba’s digital platform is home to 1.3 billion consumers and tens of millions of merchants.\nAlibaba says it has developed a systematic five-step approach to prioritise (targets), integrate (ESG into business design), coordinate (transformation of the relevant value chain), amplify (impact through platform), and complement its ESG goals (with charitable works).\nIn addition, Alibaba showed its carbon reduction progress in various dimensions. For example, Alibaba Cloud has vowed to run its data centers entirely on clean energy by 2030. The cloud provider’s data centers lead cloud service providers in Asia with an average power usage effectiveness (PUE) of 1.247 in its 2022 fiscal year, according to the report.\nSEE ALSO: Alibaba Kicks Off Annual Maker Festival, Champions Entrepreneurship\nIn FY22, Alibaba-owned logistics arm Cainiao applied smart algorithms to optimize package sizes, cutting the use of packing materials by 15% on average, and its logistics warehouses installed 24.9 MW of solar power capacity, accounting for an estimated 16,000 tons of carbon dioxide equivalent.","news_type":1,"symbols_score_info":{"QNETCN":0.6,"GHG":1,"09988":0.6,"ESG":1,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2542,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":82,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}