illuminem summarizes for you the essential news of the day. Read the full piece on South China Morning Post  or enjoy below:

🗞️ Driving the news: Alibaba reported a substantial reduction in carbon emissions, cutting 2.32 million tonnes of CO2 in the latest fiscal year, a 63.5% improvement from the previous year
• The e-commerce giant now uses more than 50% clean electricity in its cloud data centres, advancing towards its 2030 carbon neutrality goal

🔭 The context: Alibaba's environmental, social, and governance (ESG) report highlights its efforts to align with China’s 2060 net-zero emissions target
• The company reduced its total carbon emissions by 5% year-on-year and achieved a 45.5% reduction in Scope 3+ emissions, which include emissions from its ecosystem partners

🌍 Why it matters for the planet: Alibaba's significant progress in using renewable energy and reducing emissions underscores the potential impact of large corporations in the fight against climate change
• Their efforts contribute to broader global sustainability goals and showcase corporate responsibility in addressing environmental challenges

⏭️ What's next: Alibaba aims to continue leveraging green energy and clean computing capabilities, particularly in response to the growing demand for AI and cloud services
• The company’s ongoing commitment to sustainability will likely influence industry standards and inspire similar actions from other tech giants

💬 One quote: "We must take full advantage of the energy transition, actively embrace green energy, and develop cleaner computing capabilities," said Alibaba Group CEO Eddie Wu Yongming

📈 One stat: Alibaba Cloud reduced its carbon emissions by 9.88 million tonnes, a 44% improvement over the previous year

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