Ant Group Progresses in ESG

Ant Group has released its 2022 Sustainability Report, showcasing the progress made in implementing its Environmental, Social, and Governance (ESG) strategy. The company invested approximately USD 2.89 billion in research and development (R&D), focusing on areas such as distributed databases, blockchain, privacy computing, and artificial intelligence.

“Over the years, we have gradually explored a green and low-carbon growth path driven by technology and platform. Despite this, there are still significant challenges ahead to achieve our 2030 carbon net zero goal. We need to invest more efforts and resources, as well as make plans for the long-term,” Yijie Peng, Chief Sustainability Officer of Ant Group, wrote in the report.

“We are committed to achieving green operations within our own organization and engaging with our extensive user base and partner network throughout the value chain for a greener collective future.”

ESG and Green Computing

Ant Group’s adoption of green computing technologies resulted in a significant reduction of 62,127.53 tonnes of CO2e in its leased data centers, contributing to its carbon emissions reduction goals.

The report introduced a disclosure framework aligned with the Task Force on Climate-related Financial Disclosures (TCFD) guidelines to manage climate-related risks and opportunities.

Ant Group participated in formulating the first nationwide Green Rating Standard for Small and Micro Enterprises (SMEs) and provided inclusive payment and financial services to 86 million SMEs.

The company also reinforced its governance structure, established specialized committees, and collaborated with software vendors to create industry-specific solutions. Philanthropic efforts included empowering women’s development through programs like “Cyber Mulan.”

Ant Group has been publishing annual sustainability reports since 2017, adhering to Global Reporting Initiative standards. The full report can be accessed on Ant Group’s website.

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