Ant Group to support 100Mn SMEs with its ESG strategy by 2030

Ant Group, an international technology provider, has reportedly declared its Environmental, Social and Governance policy as part of its recent sustainability report. The ESG strategy, that defines Ant Group’s sustainable growth plans by 2030, will be implemented throughout all aspects of the firm’s operations.

According to sources, the Ant Group’s strategy emphasizes on 4 pillars: Green and Low Carbon Development, Digital Inclusion, Technological Innovation, and Open Ecosystem.

All these pillars have a corresponding sustainable development mission by 2030 like Digital Inclusions will provide for communities internationally and cater to 100 million small and medium sized enterprises (SMEs).

Meanwhile, the Green and Low carbon Development will back business partners and general people and achieve low carbon neutrality to bring down the carbon footprint majorly. Technological innovation will fund main technology-based development and research to offer world-leading technological services and products.

Furthermore, the Open Ecosystem will continue providing a trusted, safe, open, and diversified ecosystem to accelerate common growth with collaborators.

Eric Jing, Chief Executive Officer and Chairman at Ant Group stated that the team believes that these are the most vital pillars for the group to attain sustainable development in a responsible, future-facing, and responsive way.

Eric added that this framework will direct Ant Group’s sustainable development and value creation in the upcoming years.

Reportedly, Ant Group formed their ESG strategy on the basis of complete assessment of evolving policy trends and macro environment, their growth strengths, and suggestions from the firm’s stakeholders along with users, customers, partners, employees and governments.

As per credible sources, the ESG strategy was confirmed following lengthy management talks and a comprehensive Board Review.

After receiving feedback from the stakeholders, the Group defined 19 material issues for its strategy such as facilitating industry wide carbon neutrality, responsible products and services, risk and transparency management and state-of-the-art technology discovery, and research and development.

 Source Credits: - https://www.businesswire.com/news/home/20220531006112/en/Ant-Group%E2%80%99s-ESG-strategy-aims-to-support-100-million-SMEs-by-2030