According to the company's annual Environmental, Social, and Governance (ESG) report, which was released on July 24, 2023, ibaba Group reduced net carbon emissions from its direct operations by 12.9% over the course of its fiscal year. As it works toward becoming carbon neutral by 2030, the Hangzhou-based company is growing its use of clean energy and utilizing smart energy management.
Alibaba claimed a 22.907 million metric tons decrease in carbon dioxide equivalent (MtCO2e) from throughout its larger ecosystem in its fiscal year, which ran from April 1, 2022, to March 31, 2023, in addition to reducing net emissions in its activities.
"Over the past year, we have worked to deliver high-quality achievement of our established carbon neutrality goals," said Daniel Zhang, chairman and CEO of Alibaba Group, in the report.
The business has used the strength of its platform to encourage decarbonization throughout its larger ecosystem, which includes participants and partners from the business, logistics, and cloud computing sectors.
Although Alibaba detailed its sustainability efforts in its 2022 report, this is the first time it has published updates on its progress toward its Scope 3+ goal of reducing 1.5 gigatons of carbon emissions across its digital ecosystem by 2035.