Alibaba ranks highest among Chinese e-commerce platforms

Alibaba ranks highest among Chinese e-commerce platforms

Alibaba ranks highest for climate action as per Greenpeace

Alibaba – Global environmental organization Greenpeace says Alibaba Group is leading the battle against climate change among Chinese e-commerce platforms. By 2035, the Hangzhou-headquartered e-commerce platform plans to achieve carbon neutrality while cutting its total carbon emissions by 1.5 gigatons.

Environmentalists are raising awareness of the climate crisis. With no signs of slowing down, human activity is generating high greenhouse gas emissions. Investors and governments are demanding that companies disclose information regarding their operation’s environmental impact and measures taken to mitigate it.

With all of this pressure for action, Greenpeace researched China’s largest e-commerce platforms in terms of their commitment to tackling climate change, the steps they have already taken, and their transparency levels, as well as the steps they have taken to manage these platforms responsibly and sustainably.

China’s E-commerce Platform Companies’ Current Status on Climate Responsiveness, 2021, concluded Greenpeace that only Alibaba has set a target date to achieve carbon neutrality. According to an independent climate activists’ network, commitments should include the entirety of a company’s operations. Both upstream and downstream ecosystems are supported by e-commerce companies.

Alibaba adopted a carbon-neutral policy that Greenpeace described as “comprehensive” in relation to its peer group’s contributions to climate action. As a leader, the renowned company has proposed that it takes responsibility for the environmental damage caused by its ecosystem partners and address it in the shortest possible timeframe.

According to Accenture’s Global Sustainability Services Lead and Chief Responsibility Officer, Peter Lacy, the initiative goes beyond the typical responsibilities companies take for emissions reduction – the initiative looks at emissions next to their value chains rather than within them.

Despite Greenpeace’s concerns, the industry’s response to climate change is uneven, and climate and environmental governance have a long way to go. E-commerce platforms could become more eco-friendly by using green packaging, logistics, and supply chains. Alibaba’s green packaging initiatives, Alibaba Cloud’s adoption of clean energy, and Alibaba’s green procurement standards were commended for efforts made on those fronts by Alibaba and its logistics arm, Cainiao Network.

Alibaba top the e-commerce list

Moreover, Greenpeace noted that Alibaba has made environmental, social, and governance (ESG) issues a priority and has set up a sustainability committee, which is responsible for all ESG-related strategies, goals, and management. According to Greenpeace, transportation is the primary factor contributing to pollution at e-commerce companies, and only Alibaba has committed to replacing all of its operating vehicles with electric vehicles by 2030.

Chinese society has been completely transformed by e-commerce companies. It is their responsibility that these new systems exist. As a way to display social responsibility, some companies have taken climate action,” Tang added. In 2020, Alibaba accumulated 5.294 million metric tons of carbon dioxide equivalents. By 2030, it plans to reduce that amount to 3.4 million metric tons.

As Tang Damin, project leader in Greenpeace East Asia’s Beijing office, told the press, “emissions from the company’s value chain are actually higher than emissions from the company’s corporate operations”.

Read more Environment News on CSR Today.

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