Ant Group, the Fintech Division of Digital Commerce Giant Alibaba, Aims to be Carbon Neutral by 2030
March 16, 2021 @ 11:33 pm By Omar Faridi
Ant Group, the Fintech division of digital commerce giant Alibaba Group Holding Limited (NYSE: BABA), has made a commitment to become carbon neutral by 2030.
Ant Group’s management stated that to achieve the carbon neutral target within the coming decade will involve establishing a carbon neutrality fund. This will be done to support the ongoing research and development (R&D) of renewables and other new “green” technologies. The digital payments firm will also be working cooperatively with other industry participants to support green finance initiatives.
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