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Ally Financial Inc
Ally Financial's GHG Emissions Data Preview
In 2024, Ally Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Ally Financial has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Ally Financial’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ally Financial’s data sources below and access millions more through our Disclosure Search.
Insights into Ally Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAlly Financial amounted to14,560metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ally Financialincreased by 0.98%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Ally Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ally Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Ally Financial were 5,585 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Ally Financial reduced its Scope 1 emissions over time?
Since 2020, Ally Financial's Scope 1 emissions have increased by 34.94%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Ally Financial's Scope 1 emissions increased by 3.39%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Ally Financial's Scope 2 emissions?
In 2024, Ally Financial reported Scope 2 greenhouse gas (GHG) emissions of 140 tCOâ‚‚e using the market-based method and 8,975 tCOâ‚‚e using the location-based method.a
Has Ally Financial reduced its Scope 2 emissions over time?
Since 2020, Ally Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 14.74%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Ally Financial's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Ally Financial's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Ally Financial use for Scope 2 reporting?
In 2024, Ally Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
Ally Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Ally Financial's Value Chain Emissions
In 2024, Ally Financial reported 194,156 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Ally Financial includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Ally Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ally Financial's Scope 3 emissions?
In 2024, Ally Financial reported total Scope 3 emissions of 194,156 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Ally Financial reduced its Scope 3 emissions over time?
Since 2020, Ally Financial's Scope 3 emissionshave decreased by 11.9%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Ally Financial's Scope 3 emissions remained relatively stable, indicating that Ally Financial's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Ally Financial disclose?
In 2024, Ally Financial reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Ally Financial's Scope 3 emissions?
In 2024, the largest contributors to Ally Financial's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 158,599 tCOâ‚‚e(81.69%)
- Employee Commuting (Cat. 7): 12,236 tCOâ‚‚e(6.3%)
- Capital Goods (Cat. 2): 8,466 tCOâ‚‚e(4.36%)
Ally Financial's Scope 3 Emissions by Categories
Insights into Ally Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Ally Financial reported Scope 1 greenhouse gas (GHG) emissions of 5,585 tCOâ‚‚e and total revenues of USD 8,898 millions. This translates into an emissions intensity of 0.63 tCOâ‚‚e per millions USD.a
Ally Financial's Scope 1 Emissions Intensity Compared to Peers
How does Ally Financial's GHG emissions intensity compare to its peers?
In 2024, Ally Financial reported a Scope 1 emissions intensity of 0.63 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.28, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Ally Financial rank on GHG emissions intensity within its industry?
In 2024, Ally Financial ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Ally Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Ally Financial's Total Carbon Footprint
In 2024, Ally Financial reported a total carbon footprint of 208,716 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.79% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Ally Financial's total carbon footprint was Scope 3 emissions, accounting for 93.02% of the company's total carbon footprint, followed by Scope 2 emissions at 4.3%.a