Chinese e-commerce giant Alibaba claims solid effort to cut emissions in past financial year as it seeks carbon neutrality by 2030

Alibaba Group Holding said it made solid progress in cutting emissions in latest financial year to bolster the goal of achieving carbon neutrality across its operations by 2030, a major initiative that the Chinese e-commerce giant is pursuing amid a sweeping corporate restructuring and the country’s slow economic recovery.

Hangzhou-based Alibaba, owner of the South China Morning Post, has reduced carbon dioxide emissions by 22.9 million tonnes, while helping create 70 million job opportunities in the financial year to March 31, according to its latest environmental, social and governance (ESG) report.

The company managed to reduce 22.907 million tonnes of carbon emissions under its so-called Scope 3+ target of eliminating 1.5 gigatonnes of emissions by 2035 across its entire business ecosystem, which include its various users and corporate clients, according to the ESG report released on Monday.

Those measures included offering corporate clients low-carbon office and cloud computing services, while encouraging consumers to adopt a greener lifestyle such as taking part in Alibaba’s Carbon88 ledger platform.