Ally
Ally Financial Inc., commonly known as Ally, is a leading digital financial services company headquartered in the United States. Founded in 1919, Ally has evolved from its origins in automotive finance to become a prominent player in the banking and investment sectors, serving customers across the nation. With a strong focus on online banking, auto financing, and investment services, Ally distinguishes itself through its user-friendly digital platform and competitive interest rates. The company has achieved significant milestones, including the launch of its high-yield savings accounts and innovative investment tools, which have garnered a loyal customer base. Recognised for its commitment to customer service and transparency, Ally has positioned itself as a trusted name in the financial industry, consistently earning accolades for its performance and customer satisfaction.
DitchCarbon Score
How does Ally's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ally's score of 34 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ally's reported carbon emissions
In 2022, Ally reported total carbon emissions of approximately 184,000,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 5,402,000 kg CO2e, while Scope 2 emissions totalled approximately 9,016,000 kg CO2e. The majority of their emissions stemmed from Scope 3, with significant contributions from purchased goods and services (about 153,633,000 kg CO2e), employee commute (approximately 11,883,000 kg CO2e), and upstream transportation and distribution (around 11,291,000 kg CO2e). In 2021, Ally's emissions were slightly lower, with total Scope 3 emissions reaching about 160,499,000 kg CO2e, indicating a consistent reliance on upstream activities for their carbon footprint. The company has not disclosed specific reduction targets or initiatives, nor have they committed to any science-based targets (SBTi) or climate pledges. Ally's emissions per full-time equivalent (FTE) employee in 2023 were reported at about 1,300 kg CO2e, and their emissions per unit of revenue were approximately 0.00066 kg CO2e per USD. This data highlights the company's ongoing impact on climate change and the need for strategic initiatives to reduce their carbon footprint in the future.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | 0,000,000 |
| Scope 2 | - | - | 0,000,000 |
| Scope 3 | 233,141,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ally is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
