© Reuters. PHOTOGRAPHY: Alibaba Group logo seen in its office in Beijing, China, January 5, 2021. REUTERS / Thomas Peter
SHANGHAI (Reuters) – Alibaba (NYSE 🙂 The group will strive to achieve carbon neutrality in its own operations and reduce emissions in its supply chains and transport networks by the end of the decade, the Chinese e-commerce giant promised on Friday.
Alibaba has promised to achieve carbon neutrality by 2030 in its own direct emissions – known as “band 1” – as well as its indirect emissions “band 2” – stemming from electricity or heating consumption.
He also said it would reduce carbon intensity – the amount of carbon per unit of revenue – from “band 3” emissions – produced in its wider value chain in areas such as transport, purchased goods and services and waste – by 50% by 2030.
The company has also committed to reduce total CO2 in all its businesses by 1.5 gigatons by 2035.
To achieve its goals, Alibaba plans to implement new high-efficiency, energy-saving technologies, further use renewable energy sources and also explore “carbon-removing initiatives” that could extract greenhouse gas that warms the climate from the atmosphere.
Daniel Zhang, the company’s CEO, said the company also seeks to “mobilize actions and behavioral changes among consumers, retailers and partners in China and around the world”.
President Xi Jinping announced last year that China would strive to become carbon neutral by around 2060, putting giant corporations in the country under pressure to make their own plans to achieve “net zero”.
But China’s giant technology companies remain heavily dependent on the country’s coal-dominated energy system, and only a small number have so far committed to switching to renewables.
In a report released earlier this year, the Greenpeace environmental group ranked Tencent Holdings (OTC 🙂 as China’s cloud service provider with the best performance in terms of renewable energy procurement and emission reductions. Huawei Technologies was second, Baidu Inc. (NASDAQ 🙂 third, and Alibaba fourth.
This story corrects the first paragraph one to remove the target and the second paragraph to show that the company aims to achieve carbon neutrality, not “net zero”.
(This story corrects the first paragraph one to remove the target and the second paragraph to show that the company aims to achieve carbon neutrality, not “net zero”)
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