Lucy Peng

Executive Chairman, Ant Group

Search every verified Lucy Peng interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At a United Nations event on financing the 2030 Agenda for Sustainable Development on September 18, 2017, Lucy Peng, Executive Chairman of Ant Financial, discussed the role of technology in expanding access to financing and supporting sustainable development. She described Ant Financial's "3-1-0" method, which provides online financing to small and medium enterprises within one second, with zero interference and no requirement for guarantees or underwriting, relying instead on credit. Peng stated that the company had provided financing to 7 million small enterprises, with an average loan of less than 30,000 RMB (under $5,000 USD). Peng also highlighted Ant Financial's "Ant Forest" product, which tracks individual users' low-carbon behaviors—such as using shared bicycles, taking subways, or avoiding driving—to calculate their carbon footprint reductions. She said that once users accumulate enough reductions, the company plants real trees in deserts, and noted that the initiative had attracted 230 million clients, with 65 percent being young people and a significant proportion being women. Peng reported that the company had committed over $200 million to related contributions and proposed the creation of a working group on technology for financing to help realize the 2030 Agenda.