Ally Financial Inc
Ally Financial's GHG Emissions Data Preview
In 2022, 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 4 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Ally Financial's Operational Emissions
In 2022, the total operational greenhouse gas (GHG) emissions of Ally Financial amounted to 15,513 metric 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).
Compared to 2021, the total operational greenhouse gas (GHG) emissions of Ally Financial increased by 249.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Ally Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ally Financial's Scope 1 emissions?
In 2022, the total Scope 1 emissions of Ally Financial were 5,494 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Ally Financial reduced its Scope 1 emissions over time?
Since 2020, Ally Financial's Scope 1 emissions have increased by 25.58%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2021), Ally Financial's Scope 1 emissions increased by 23.68%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Ally Financial's Scope 2 emissions?
In 2022, Ally Financial reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 10,019 tCOâ‚‚e using the location-based method.
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 28.09%, reflecting a rising long-term trend in Scope 2 emissions over time.
What methodology does Ally Financial use for Scope 2 reporting?
In 2022, Ally Financial reported its Scope 2 emissions using the market-based method and using the location-based method.
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 2022, Ally Financial reported 186,910 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2022 disclosure of Ally Financial includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Ally Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ally Financial's Scope 3 emissions?
In 2022, Ally Financial reported total Scope 3 emissions of 186,910 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
Has Ally Financial reduced its Scope 3 emissions over time?
Since 2020, Ally Financial's Scope 3 emissions have decreased by 16.78%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2021), Ally Financial's Scope 3 emissions decreased by 11.02%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Ally Financial disclose?
In 2022, Ally Financial reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Ally Financial's Scope 3 emissions?
In 2022, the largest contributors to Ally Financial's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 164,924 tCOâ‚‚e (88.24%)
- Capital Goods (Cat. 2): 8,297 tCOâ‚‚e (4.44%)
- Employee Commuting (Cat. 7): 7,377 tCOâ‚‚e (3.95%)
Ally Financial's Scope 3 Emissions by Categories
Insights into Ally Financial's Total Carbon Footprint
In 2022, Ally Financial reported a total carbon footprint of 202,423 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.63% decrease compared to 2021, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Ally Financial's total carbon footprint was Scope 3 emissions, accounting for 92.34% of the company's total carbon footprint, followed by Scope 2 emissions at 4.95%.