Alipay’s sustainability commitment has seen 100mn trees planted

By Olivia Minnock
Share
Alipay has had millions of trees planted across China as part of a green initiative, it was announced on Earth Day. The ‘Ant Forest’ program withi...

Alipay has had millions of trees planted across China as part of a green initiative, it was announced on Earth Day.

The ‘Ant Forest’ program within the Alipay app rewards users for making environmentally friendly decisions in their daily lives through a points system which can then be used to plant trees.

At present, trees are being planted in areas of China with low vegetation, with the company saying it has planted 100mn trees so far. Ant Forest was first launched in 2016.

SEE ALSO:

Eric Jing, Chairman and CEO of Ant Financial, said: “I am very proud of the popularity of Alipay Ant Forest, which embodies our belief that technology should be used for social good.

“We are grateful to our many users and partners who have helped plant 100mn trees and advance a shared vision of sustainable and inclusive development.”

As a whole, Alibaba is keen to show a commitment to sustainability and CSR. The ecommerce giant states: “Since our founding, we have been highly committed to supporting and participating in charitable and socially responsible projects that align with our core values and mission, and to establishing a technology-driven charitable ecosystem to extend the benefits of our technological capabilities to the community at large.”

In particular, it has launched a data centre which uses lake water for cooling. Meanwhile, its logistics arm Cianiao has formed the Cianiao Green Alliance with other Chinese couriers to promote green logistics initiatives.

Share

Featured Articles

Carbon Credit Market: Poised for Growth by 2030

Experts predict a resurgence in carbon credits with new corporate and technological advancements by 2030

How Revolut Will Transform the Fintech Industry in 2025

Nik Storonksy continues to strive to disrupt global financial services by integrating mortgages, AI and ATMs into its strategic 2025 vision

Protegrity: Navigating Fintech Market Shifts in 2025

Alasdair Anderson, VP of EMEA at Protegrity details the challenges and opportunities that lie ahead for the fintech industry in 2025

Adyen Launches AI Payment Suite with 6% Conversion Boost

Digital Payments

Crypto in 2025: What is its Ceiling?

Crypto

BBVA Accelerates Banking Innovation with AWS Cloud Migration

Banking