Alibaba’s sister unit, Ant Group announced that it will be carbon neutral by 2030 and will promote attempts to eliminate pollution through technical progress, joining concerted global efforts to avert climate change and its disastrous consequences.
Additionally, the organisation will create a carbon neutrality fund to help renewable energies and other green technology research and growth, as well as work with corporate leaders to encourage green financing.
Vice President of Ant Group Yijie Peng stated that going green has always been a top priority for Ant since the company’s inception, and that technology can and should be used to promote sustainable growth.
Peng said that the carbon neutrality goal that Ant pledged today is the next milestone in our pursuit of an inclusive, green, and sustainable future.
“We have detailed a roadmap to neutralize direct and indirect emissions associated with the purchase of electricity from this year.
“By 2030, Ant Group will fully cancel out carbon emissions generated from other sources it does not own or control, covering areas such as supply chain and business travel,” said Peng.
Peng further said that they will also explore ways to apply blockchain solutions to the climate effort, including using the technology to track the carbon reduction process and taking advantage of its leading capabilities in developing blockchain technology and its real-world applications
Peng added that to ensure transparency and accountability, Ant Group invited an external specialist, the China Environmental United Certification Centre (CEC), to join in discussions when designing its carbon-neutral plan.
“The CEC is an official service provider to the 2022 Winter Olympics, supporting the Games in assessing its carbon reduction solutions.
“We will periodically provide updates on its progress towards achieving the carbon-neutral goal,” she said.
