Alibaba has committed to achieving carbon neutrality by 2030 for its direct emissions (scope 1) and indirect emissions (scope 2) from electricity and heating consumption. The company also aims to reduce carbon intensity by 50% by 2030 for its wider value chain emissions (scope 3) related to transportation, purchased goods and services, and waste. Additionally, Alibaba plans to decrease overall CO2 emissions by 1.5 gigatonnes by 2035. To reach these targets, the company will utilize new energy-saving technologies, increase the use of renewables, and explore carbon removal initiatives. CEO Daniel Zhang emphasized the importance of encouraging actions and behavioral changes among consumers, merchants, and partners worldwide. Last year, President Xi Jinping declared that China's goal is to achieve carbon neutrality by around 2060. This announcement has compelled the country's large corporations to create their own plans to reach "net zero." However, many of China's major tech companies continue to heavily rely on coal-powered energy, with only a few committing to transitioning to renewable sources of electricity. According to a report from Greenpeace earlier this year, Tencent Holdings was ranked as the top Chinese cloud service provider in terms of obtaining renewable energy and reducing emissions, followed by Huawei Technologies, Baidu Inc, and Alibaba.