Alibaba Group Holding Limited has joined the World Business Council for Sustainable Development (WBCSD), a group of over 200 of the world’s leading sustainable businesses.
The initial focus of the collaboration between WBCSD and Alibaba will be on Climate Action, particularly in finding innovative ways to leverage Alibaba’s platforms for broad decarbonisation and work with WBCSD members on the Avoided Emissions framework and methodologies.
Alibaba Group is powered by a global workforce from over 60 countries and regions, and has pledged to achieve carbon neutrality in its own operations by 2030. It also introduced a Scope 3+ target which is based on the potential of leveraging its digital technology and platforms to enable and engage a wider group of stakeholders to promote low-carbon products, services and behaviours.
“(Alibaba Group’s) commitment to advancing sustainability and decarbonisation aligns with our vision for a better world where nine billion people live well, within planetary boundaries. Alibaba’s position as the largest e-commerce and digital technology company from Asia to join WBCSD will bring valuable platforms and technological capabilities to our collaborative efforts,” said Peter Bakker, president and CEO of WBCSD.
Alibaba Group’s chief financial officer and chair of the group’s Sustainability Steering Committee, Toby Xu, shared: “We strive to work with our partners across industries to create enduring, wide-ranging, and impactful value for our stakeholders. We are excited to collaborate with WBCSD on advancing our climate actions, along with other initiatives, that contribute to a net-zero and sustainable future.”