Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Mobility
• ESG Disclosure
• Diversity and Inclusion
• Governance
• Environmental Sustainability

Environmental Achievements

• Reduced carbon footprint through a branchless digital business model, saving an estimated 20,782 metric tons of greenhouse gas annually compared to a similar-sized bank with 500 branches.
• Recycled 550,483 pounds of paper, saving 10,422,196 gallons of water and 858,115 kWh of energy.

Social Achievements

• Donated $4.4 million and contributed nearly 17,000 volunteer hours to community initiatives.
• Launched eight employee resource groups (ERGs), promoting diversity and inclusion.
• Received the highest possible CRA rating of Outstanding from the Federal Reserve.
• Provided free financial education to more than 107,000 consumers through Ally Wallet Wise.
• Reached more than 21,000 children with the children's book "Planet Zeee and the Money Tree".

Governance Achievements

• Ally Bank’s CRA program received the highest possible CRA rating of Outstanding from the Federal Reserve.
• 27% women on the Board of Directors at year-end 2017.
• 33% female representation across Ally’s executive leadership team.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Best Bank to Work For by American Banker
• Nation’s Best and Brightest in Wellness
• Michigan’s Economic Bright Spot Award
• Cool Places to Work Award
• Top Workplace by the Charlotte Observer
• Best Place to Work in North Carolina

Environmental Metrics

ESG Focus Areas

• Economic Mobility
• ESG Disclosure
• Diversity and Inclusion
• Governance

Environmental Achievements

• Reduced carbon footprint by being a branchless bank, saving almost 21,000 metric tons of carbon dioxide annually.
• Recycled 692,889 pounds of paper, saving 9,496,403 gallons of water and 782,965 kWh in electricity.

Social Achievements

• Donated $6.4 million in donations and sponsorships to 501(c)(3) organizations.
• Employees contributed approximately 21,000 volunteer hours.
• Ally Bank’s Community Reinvestment Act (CRA) program deployed more than $850 million to local neighborhoods.
• Launched Moguls in the Making, an entrepreneurial program.
• Donated $22,100 to Habitat for Humanity.
• Raised more than $800,000 for local charities through the Ally Challenge.
• Implemented various financial education initiatives reaching thousands of participants (Wallet Wise, Planet Zeee, Life Happens, Community Hub).

Climate Goals & Targets

Environmental Challenges

• Increasing business travel emissions (6% increase year-over-year).

Mitigation Strategies

• Requiring employees to exercise sound business judgment when planning work travel and consider cost-effective, environmentally friendly options.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Awards & Recognition

• American Banker Best Banks to Work For
• Human Rights Campaign Best Place to Work
• Best and Brightest for Wellness
• Limeade Rookie of the Year

Environmental Metrics

ESG Focus Areas

• Economic mobility
• ESG disclosure
• Diversity and inclusion
• Governance

Environmental Achievements

• Significant milestone in the construction of the Ally Charlotte Center tower, which reached the end of its vertical construction. When completed in 2021, this innovative, technologically progressive, and sustainable 25-story high-rise will be LEED- and WELL-certified.
• In January 2019, Ally partnered with the landlord of the Ally Little Rock Operations Center to replace outdated T-12 fluorescent lights with energy-efficient LED bulbs. The retrofit improved energy efficiency and contributed to an overall energy reduction of 16%.

Social Achievements

• Ally, its employees and The Ally Challenge collectively donated $9.8 million to a range of nonprofit organizations and causes.
• Ally deployed approximately $1 billion into our communities through loans and investments that supported affordable housing development and preservation, local nonprofit partnerships, and financing for small businesses.
• Launched Moguls in the Making program to help equip students at HBCUs with skills needed to achieve economic success.
• Ally employees volunteered more than 33,000 hours in the community, an increase of more than 57%.

Governance Achievements

• Ally joined the Financial Data Exchange (FDX) to promote increased transparency in financial data collection and secure best practices.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green cleaning programs for janitorial services in five office buildings.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: LEED, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• SourceMedia’s Best Fintechs to Work For
• Human Rights Campaign’s Best Place to Work for LGBTQ Equality
• DiversityInc Top 50 (Up and Coming Companies)
• Detroit Free Press Top Workplaces

Environmental Metrics

ESG Focus Areas

• Financial and Social Inclusion
• Community Reinvestment Act (CRA)
• Supplier Diversity
• COVID-19 Response
• Economic Mobility
• Diversity & Inclusion (D&I)
• Environmental Sustainability
• Governance

Environmental Achievements

• 24.8% of Ally's portfolio was in LEED-certified buildings by the end of 2020.
• Registered four of its largest buildings in Energy Star Portfolio Manager and began tracking energy data monthly.

Social Achievements

• Launched the Ally Charitable Foundation with a $34 million endowment.
• Provided over $2.6 million in financial aid to 54 community-based nonprofits.
• Hosted the second annual Moguls in the Making program virtually.
• Officially launched the Ally Supplier Diversity program, achieving 8% Tier One supplier diversity spend in its first year.
• Ally Bank received an “Outstanding” CRA rating from the Federal Reserve Bank of Chicago.
• Over $1.1 billion in CRA loans, investments, and grants deployed.
• Employee giving increased by 71% to more than $770,000, and over 14,000 volunteer hours were reported.

Governance Achievements

• Ally's Board of Directors and Executive Council signed the D&I Pledge.
• 56% of Ally’s Executive Council members were women and persons of color.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on employees, customers, and communities.
• Systemic racism and social injustices.
• Decreased percentage of LEED-certified building space due to office relocation.

Mitigation Strategies

• Implemented comprehensive financial support for employees, customers, and communities (including the Ally Employee Relief Fund and COVID-19 relief efforts).
• Developed the Financial and Social Inclusion (FSI) framework.
• Launched the Ally Supplier Diversity program.
• Continued to pursue LEED and WELL certifications for buildings.

Supply Chain Management

Responsible Procurement

• Ally Supplier Diversity program

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved operational carbon neutrality for 2020 Scope 1 and Scope 2 emissions.
• Submitted inaugural CDP climate change questionnaire.
• Established Sustainability Office and appointed an Environmental Sustainability Risk Executive.
• Conducted a water fixture audit at 12 larger sites to identify water conservation opportunities.

Social Achievements

• Eliminated all overdraft fees for all customers.
• Increased minimum wage by 18% to $20 per hour.
• Granted 100 restricted stock units per employee through the #OwnIt program.
• Launched Fintropolis, a financial education game within Minecraft.
• Increased representation of women and people of color in manager and above roles.
• Expanded efforts to support employee mental health.
• Donated $30,000 to provide transportation for vaccination events.
• Increased tier 1 spend for minority-owned businesses by 50% and for women-owned businesses by 49%.
• Partnered with the NWSL to support players and increase visibility of women's soccer.

Governance Achievements

• Established the Sustainability Office.
• Appointed an Environmental Sustainability Risk Executive.
• Initiated first formal ESG Stakeholder Assessment.
• 33% of Ally’s Executive Council members were women in 2021.

Climate Goals & Targets

Environmental Challenges

• Continued economic and social impacts from the COVID-19 pandemic.
• Uniquely challenging markets.
• Prolonged supply chain disruptions.
• Need to better educate stakeholders on the importance of environmental efforts, particularly as they relate to climate change.

Mitigation Strategies

• Developed and executed COVID-19 relief packages.
• Increased minimum wage and provided #OwnIt grants to improve employee financial stability.
• Expanded employee well-being programs, including mental health support.
• Established the Sustainability Office and implemented various environmental initiatives.
• Initiated ESG Stakeholder Assessment to better understand stakeholder priorities.

Supply Chain Management

Responsible Procurement

• Incorporation of environmental awareness into supplier selection.
• Development of new internal sourcing processes and standards for diverse suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Environmental Metrics

ESG Focus Areas

• Workforce Development
• Diversity, Equity, and Inclusion (DE&I)
• Environmental Sustainability
• Community Investment
• Governance

Environmental Achievements

• Achieved operational carbon neutrality for Scope 1 and Scope 2 emissions for the second consecutive year through carbon offsets and Green-e® certified Renewable Energy Certificates.
• Planted and distributed over 415 trees.

Social Achievements

• Increased minimum wage to $23 per hour (15% increase).
• Continued #OwnIt grant program (100 restricted stock units per employee).
• Expanded financial literacy programs for employees.
• Expanded unconscious bias training.
• Employee resource groups (ERGs) membership surpassed 50% of employees.
• Made progress in representation of women and people of color in management roles.
• Pledged $2 million to Charlotte Talent Initiative.
• Pledged $5 million to Atrium Health Foundation for workforce development.
• Sponsored ProfessionALLY, a free clothing boutique for HBCU students.
• Ally employees volunteered nearly 44,000 hours.
• Donated $18 million in grants and sponsorships.
• Maintained an “Outstanding” CRA rating for six years.
• Made over $4 billion in loans and investments supporting low- and moderate-income communities since 2020.
• Committed to equal media spending on women’s and men’s sports over five years.

Governance Achievements

• Board of Directors provides strong oversight of ESG strategies and risks.
• Transparent reporting practices.
• Code of Conduct and Ethics grounded in LEAD core values.

Climate Goals & Targets

Environmental Challenges

• Elevated stress levels among employees due to the pandemic and economic uncertainty.
• Need to address digital equity gap.
• Need to increase media coverage and sponsorship for women's sports.
• Need to support dealerships in adapting to the shift towards electric vehicles.

Mitigation Strategies

• Expanded employee benefits, including counseling and coaching resources.
• Launched Bridging the Digital Divide program.
• 50/50 pledge for media spending on women’s and men’s sports.
• Provided working capital loans and EV-specific vehicle service contracts to dealerships.

Supply Chain Management

Responsible Procurement

• Supplier Diversity program

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, TCFD

Awards & Recognition

• USGBC Carolinas Leadership award winner

Environmental Metrics

ESG Focus Areas

• Employees
• Customers
• Community
• Environment

Environmental Achievements

• Achieved operational carbon neutrality for Scope 1 and 2 emissions for the third consecutive year.
• Obtained third-party verification to a limited level of assurance of 2022 greenhouse gas emissions.
• Full renovation of building in Lewisville, Texas with 25% more efficient HVAC system and solar panels generating nearly 90% of the building’s power.

Social Achievements

• Expanded mental health and wellness benefits.
• Announced another year of the annual distribution of 100 shares of Ally stock for every eligible employee.
• Nearly 60% of employees belong to at least one employee resource group (ERG).
• Ally employees volunteered over 60,000 hours.
• Collectively contributed $2.5 million to 2,000 organizations.
• Third consecutive Outstanding rating for Community Reinvestment Act (CRA) program.
• Nearly $1 billion committed to housing initiatives.
• 5th year of Moguls in the Making, an entrepreneurship pitch competition for students from Historically Black Colleges and Universities.

Governance Achievements

• Strong corporate governance practices are critical to Ally achieving its strategic objectives and maintaining the trust and confidence of its stockholders, regulators, customers and other key stakeholders.
• Board regularly reviews all risks including those related to climate change.

Climate Goals & Targets

Environmental Challenges

• Heightened volatility across the financial industry in 2023.
• Data limitations in assessing and mitigating potential climate-related risks.
• Rapidly evolving tools and methodologies for climate risk management.
• Under-utilization of key financial benefits by employees, especially those in hourly positions.

Mitigation Strategies

• Grounding themselves in their culture and focusing on their people.
• Leveraging climate scenario analysis to consider potential physical and transition climate-related risk impacts.
• Introduced a new financial literacy course, "My Money Journey", to better communicate Ally’s financial benefits and resources.

Supply Chain Management

Supplier Audits: Initiated a relationship with a sustainability ratings provider to evaluate the sustainability performance of certain key third parties within our supply chain

Responsible Procurement

• Supplier Diversity program

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Flooding
• Severe weather events
• Sea-level rise

Transition Risks

• Regulatory changes
• Market shifts
• Changes in consumer behavior
• Increased costs to operationalize emissions reductions

Opportunities

• Developing products and services that create environmental and social benefits
• Sustainable operations
• Sustainable finance opportunities

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: ISO 14064-3 (limited assurance)

Third-party Assurance: Apex Companies (limited assurance for GHG emissions)

Sustainable Products & Innovation

• Dealer Financial Services loan products for EV infrastructure
• Vehicle service contract for EV drivers

Awards & Recognition

• Greater Women’s Business Council Top Corporation
• Disability:IN’s 2023 Top Corporation for Disability-Owned Businesses Award