BABA-SW Releases ESG 2024 Report: Clean Power Usage Rises to 39%

　　BABA-SW (09988.HK) +0.900 (+1.220%) Short selling $171.31M; Ratio 13.425% (BABA.US) released its report of Environmental, Social and Governance (ESG) 2024. It stated that the Group's net carbon emissions from its own operations and the carbon intensity of its value chain continued to achieve a “double-decline” during the period.

　　During the period, the Group reduced emissions by 2.32 million tons, an increase of 63.5% YoY. BABA-SW CEO Eddie Wu said that the development of generative AI over the past year has not only entailed great prospects for AI computing power, but also greater demand for clean computing power. In view of this, the Group must take advantage of the energy revolution and actively embrace green power to develop cleaner computing power.

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　　In 2024, Alibabas use of clean power will hike by 11.8 ppts YoY to 39% in proportion, while the use of clean power in Alibaba Cloud's self-built data centers will rise from 53.9% in 2023 to 56%. The average power usage efficiency (PUE) of Alibaba Cloud's self-built data centers was further optimized from 1.215 to 1.2. Alibaba Cloud's provision of greener and low-carbon cloud infrastructure and services enabled its customers to reduce their emissions by 9.884 million tons during the year, up 44% YoY.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-22 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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