HANGZHOU, China–(BUSINESS WIRE)–Ant Monetary Providers Group (“Ant Group”) has launched its 2020 Company Social Accountability (CSR) report, detailing its efforts to leverage the facility of digital know-how to construct a greater future, notably as communities throughout the globe proceed to grapple with challenges posed by COVID-19.
On the coronary heart of Ant Group’s CSR efforts is a dedication to discovering progressive but easy methods to leverage digital know-how and create a digital life that’s accessible for all. Within the present financial local weather, the necessity to bridge the digital hole – that continues to be a hindrance for many individuals all over the world – and thereby empower folks is extra urgent than ever.
Because the CSR report exhibits, digital applied sciences have the facility to invigorate social financial growth and assist steady and long-term financial progress. Inclusive finance applications that leverage digital applied sciences empower the small and micro-sized economic system, an essential a part of China’s economic system.
As of the top of 2019, MYbank, a number one on-line non-public business financial institution beneath Ant Group, had served 20.87 million Small and Micro Enterprises (SMEs) and individually owned companies, of which 80% had by no means obtained a enterprise mortgage from a financial institution earlier than.
“Digital know-how has performed a pivotal function in combating COVID-19 and enabling shoppers and companies to renew work and life as quickly as potential,” says Eric Jing, Govt Chairman of Ant Group. “Now greater than ever, we acknowledge the facility of digital know-how to transcend geographical and knowledge gaps and assist international locations and establishments work collectively, be it throughout pure disasters or in day by day life. Collectively, we are able to leverage know-how to construct a greater society for the long run.”
Because the begin of the COVID-19 pandemic in January 2020, Alipay has launched a wide range of companies and measures to mitigate the impression on people and SMEs and assist their street to restoration. Lots of the digital life-style service platforms enabled by Alipay have additionally performed an essential function in creating jobs and employment alternatives in the course of the pandemic. Initiatives embody:
- Launching the “Anti-COVID-19 Categorical Providers,” a devoted part within the Alipay app, in late January to attenuate the impression of COVID-19 on folks’s day by day lives. The part aggregates companies offered by companions supporting this initiative, together with: real-time updates on COVID-19; on-line medical consultations; on-line grocery supply companies; and enabling donations to charitable organizations by way of Alipay. As of mid-February, these companies had saved customers from making at the least 90 million journeys out of their properties, serving to to guard them in the course of the pandemic.
- Enabling a number of areas throughout China to distribute consumption coupons by way of Alipay mini program, spurring financial progress as SMEs proceed to renew common enterprise operations. Since March 2020, cities together with Nanjing, Hefei, Hangzhou, and Wenzhou, amongst others, have distributed consumption coupons value over RMB4 billion to residents by way of Alipay.
- MYbank additionally introduced a collection of measures, together with waiving or slicing rates of interest, to assist small and micro enterprise homeowners overcome the financial impression of the COVID-19 outbreak, particularly these on the epicenter in Hubei Province. Additional, retailers utilizing the Alipay platform may also apply for loans supplied by the “Contactless Loans” initiative collectively launched by MYbank and 100 companion banks in China.
In 2019, Alipay additionally reviewed its alignment to the UN Sustainable Improvement Objectives (SDGs), figuring out a transparent concentrate on 11 targets. Transferring ahead, Alipay’s efforts will concentrate on mapping out a blueprint to proceed connecting Alipay’s core capabilities with the UN SDGs, thus contributing to the belief of the worldwide sustainable growth agenda.
In the meantime, Ant Group’s long-standing environmental and philanthropic efforts proceed to develop and profit society. Alipay Ant Forest, the signature tree planting program on Alipay launched in 2016, continues to encourage and entice new customers. As of Could 2020, Alipay Ant Forest has attracted 550 million customers to plant 200 million actual bushes, decreasing carbon emission by 12 million tons. Additional, on September 19, 2019, Alipay Ant Forest was awarded the United Nation’s highest environmental honor – the “UN Champions of the Earth” award – for uplifting over half a billion folks to take motion of their day by day lives and undertake greener existence, and serving to shield the setting via the facility of digital know-how. One week later, Alipay Ant Forest received the 2019 UN International Local weather Motion Award for utilizing digital applied sciences to scale up local weather motion.
In the meantime, the Alipay Love On-line Donation platform, which was launched in 2008 to initially assist increase funds for catastrophe aid efforts in post-earthquake Wenchuan, had raised over RMB three billion as of March 2020.
As a accountable company citizen and an progressive know-how supplier that goals to deliver inclusive monetary companies to the world, Ant Group points a CSR report yearly, capturing the important thing initiatives and milestones the Group has achieved in leveraging know-how to construct a greater society for the long run.
Internally, Ant Group encourages each worker to take part in group service initiatives, leading to over 60,000 workers volunteer hours in 2020.
For the complete report, please click on https://www.antfin.com/responsibility.htm
About Ant Group
Ant Monetary Providers Group (“Ant Group”) is devoted to utilizing know-how to deliver the world equal alternatives. Our applied sciences, together with blockchain, synthetic intelligence, safety, Web of Issues and computing empower us and our ecosystem companions to serve the unbanked and underbanked, bringing safer, clear, cost-effective and inclusive monetary companies to people and small and micro-sized particular person buyer and small companies worldwide.
Ant Group has shaped worldwide partnerships with international strategic companions to serve native customers in these markets, and we serve Chinese language vacationers abroad by connecting Alipay with on-line and offline retailers. Manufacturers beneath Ant Group embody Alipay, Ant Fortune, MYbank, and WorldFirst. For extra info, please go to our web site at www.antfin.com or comply with us on Twitter @AntFinancial.
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