Information: AliExpress is a business of Alibaba Group.
Alibaba’s 2024 ESG Report: Pioneering Sustainability and Social Responsibility
Alibaba goes beyond just trade. Their recently released 2024 Environmental, Social and Governance (ESG) Report highlights significant progress in sustainability, social responsibility, and corporate governance.
Environmental Leadership:
- Reduced Emissions: Alibaba achieved a 5.0% year-over-year decrease in operational net emissions, showcasing their commitment to green development. Clean energy utilization rates reached 56.0% through Alibaba Cloud, further minimizing environmental impact.
- Investing in the Future: The company’s “Young Cloud Student Assistance Program” donated 162 computer labs and benefited over 160,000 teachers and students in remote areas.
Championing Social Responsibility:
- Diversity and Inclusion: Alibaba promotes gender equality, with women comprising 47.2% of their workforce and 41.4% in leadership positions.
- Employee Well-being: The company provided free health screenings for over 76,000 employees’ parents, demonstrating a commitment to their well-being.
- Social Welfare Projects: Alibaba actively supports various initiatives:
- The Xiao Lu Lantern project: Helped 1967 children with critical illnesses.
- Silent Riders: Provides a supportive work environment for 5,786 disabled delivery riders on the Ele.me platform.
- Alibaba DAMO Academy: Collaborated with top medical institutions to achieve breakthroughs in early pancreatic cancer detection.
Philanthropy and Community Engagement:
- Employee Volunteerism: Alibaba employees volunteered 262,272 hours.
- Hugs and Help Groups: 119 active groups organized 2,227 events with 184,665 participants.
- Goods for Good Program: Over 1.87 million merchants and 470 million users contributed to RMB 290 million in net donations.
- Daily Positive Energy: This 10-year program has recognized and uplifted 12,622 individuals.
Innovation and Business Growth:
- Over 20,000 registered patents: Alibaba demonstrates a strong commitment to technological innovation.
- Supporting Small Businesses: 85% of active sellers on Taobao and Tmall are small, medium, and micro enterprises.
- Empowering Partner Success: Over 320,000 industrial foundries operate on the 1688 platform, creating opportunities for businesses across the industry chain.
- Tmall Platform: Offers nearly 2 billion products, catering to diverse consumer needs.
Alibaba’s CEO, Wu Yongming, emphasizes the company’s commitment to “Do Difficult But Do It Right,” reflecting their dedication to creating a better future.
Overall, the 2024 ESG Report demonstrates Alibaba’s leadership in sustainability, social impact, and innovation. As they move forward, Alibaba’s commitment to “customers first, employees second, shareholders third” ensures a win-win for their development and progress for society.
Read the full official report here
