Alibaba, the world’s largest online B2B commerce platform has committed to achieving carbon neutrality by 2030 in its owned operations. With this in mind, Alibaba Group has committed to joining the Science-Based Targets initiative to help limit global temperature rise to 1.5°C. The Science Based Targets initiative, also known as the SBT or SBTi initiative, is a partnership between CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wildlife Fund (WWF). It aims to drive “ambitious climate action” by offering companies the opportunity to turn their transition to a low-carbon economy into a competitive advantage.
Increasing the use of clean energy and improving energy efficiency is one of its objectives. Additional initiatives include the implementation of green management plans for suppliers, with incentive mechanisms for widespread use. The intention to optimize our technical expertise and mobilize all teams is part of the action plan.
Promoting emission-reducing behaviors through technological innovations and new business models is also a key part of the Chinese giant’s sustainability strategy.
The company has also launched the “1.5 Gigatons for 1.5 °C” project, in which we will engage the various platforms to achieve a 1.5 billion ton reduction in carbon emissions through Goal 3+ by 2035.
Technology at the heart of the strategy
A new wave of technology and business model innovation is planned within Alibaba to foster teams and provide innovative solutions to meet society’s urgent climate needs. A digital ecosystem is being built to bring together all stakeholders to collaborate on this project. The promotion of greener products and behaviors among consumers and stakeholders will be implemented. These types of behavioral changes will influence decision-making in all aspects of the value chain, and these efforts will serve to build a strong science and technology foundation for the transition.
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