Ant's first CSR report: tech to fight poverty and climate change

2017-05-20
Hangzhou, China, May 20, 2017 - Ant Financial Services Group, one of the world's leading digital financial services providers and parent company of Alipay, today released its first Corporate Social Responsibility (CSR) Report and commits to leveraging the company’s technology, partner and employee engagement to fight climate change, inequality and poverty. The report includes Ant Financial’s progress update on Ant Forest, the in-app carbon tracking and tree planting initiative in Alipay, and Ant Love, its philanthropic platform.

Report highlights include:
• The Ant Forest project, launched in August 2016, has already attracted over 220 million users to date. As a result, 1.11 million trees have been planted in places like deserts as of January 2017, reducing 670,000 tons of carbon emissions in total and enhancing the public’s environmental awareness. More than 7 million new trees will be planted this year.
• Ant Love, Ant Financial’s philanthropy platform, has introduced several innovations to the market. For example, it aims to make charity donations more transparent by using blockchain technology to track donations. The platform also shares its technical capabilities with nonprofit organizations. As of March 2017, the amount of fundraising facilitated by Ant Love exceeds 967 million RMB and the platform has provided services to over 1,200 charity organizations.
• As part of the Ant Love platform, Alipay, the world’s largest online and mobile payments platform, also launched an in-app organ donation registration function in December 2016. While the organ donation process in China used to be very difficult, Alipay has enabled its 450 million real-name users to register to donate organs within less than ten seconds, greatly increasing the nationwide likelihood that individuals in need of an organ can quickly find a willing donor.

“As a tech company, what we want to do and are currently doing is to use technology to bring society back to the origin of human beings: simple, equal and free,” said Eric Jing, CEO of Ant Financial.

In addition to the projects above, Ant Financial is also joining up with external partners, including the United Nations Environment Programme (UNEP), to work towards an equal, inclusive and green society. In 2017, Ant Financial founded the Green Digital Finance Alliance at the World Economic Forum in Davos with the goal of harnessing digital technologies to drive financing that addresses global environmental challenges. Three months later, the company initiated the Cashless Alliance together with UNEP, government agencies, non-governmental organizations and business partners to promote low-carbon operations, reduce resource waste and enhance business efficiency.

Internally, Ant Financial encourages every employee to participate in community service projects, resulting in 14,000 hours contributed by staff in 2016.

For the report, please visit: https://www.antfin.com/responsibility.htm

About Ant Financial
Ant Financial Services Group is focused on serving small and micro enterprises, as well as consumers. With the vision “bring small and beautiful changes to the world,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank. For more information on Ant Financial, please visit our website at www.antgroup.com or follow us on Twitter @AntFinancial.

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Miranda Shek
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