As companies increasingly look to reduce their carbon footprint, Lyft is excited to announce a new tool to help Lyft Business customers track their rideshare greenhouse gas (GHG) emissions on the Lyft platform. Beginning today, partners will be able to access a new sustainability dashboard within the Lyft Business Portal that displays the GHG emissions their organization has generated through their usage of Lyft Business solutions. This includes:
Total emissions (MTCO2e): Organizations will be able to view the total volume of carbon emissions, measured in metric tons of carbon dioxide equivalent, emitted by their company across all business rides in a given time frame.
Emissions by Fuel Type: They’ll be able to track emissions from gas, hybrid, or electric vehicles (EVs).
Emissions by program: They’ll be able to filter by program - such as by different office locations, travel programs for different departments or customer transportation programs - to understand which of their rideshare initiatives have the highest emissions.
Downloadable data: And organizations will have the ability to export a CSV of their data in order to run their own analyses or reporting.
Lyft’s partners are increasingly including their Scope 3 emissions, including their employees’ rides on Lyft, in their Sustainability and/or ESG (Environmental, Social, and Governance) reporting. The insights provided through our new reporting tool will help organizations understand their GHG emissions via Lyft Business in order to more accurately measure their organization’s Scope 3 emissions.
“The first step in helping our business partners achieve their climate goals is arming them with data to see their carbon footprint on Lyft. The second is helping them reduce their emissions by transitioning to low-carbon forms of transportation. That’s why in addition to this new tool, we’ve already made an industry-leading commitment to reach 100% electric vehicles by the end of 2030. By taking a holistic approach to sustainability, we can work together to reduce greenhouse gas emissions and achieve our collective climate goals faster,” said Paul Augustine, Lyft’s Director of Sustainability.
The emissions dashboard builds on a series of recent announcements from Lyft to increase sustainability integration on the platform. In December, we unveiled a new suite of offerings and partnerships aimed at helping drivers switch to EVs. This included a new ride challenge for drivers in California, discounts on charging, and expanded EV inventory for our Express Drive rental program.
We expect to continue making strategic investments and advocating for smart policies that help reduce our overall carbon footprint and electrify our transportation network, creating a cleaner and more sustainable future for all.
Forward-Looking Statements
Certain statements contained in this announcement are “forward-looking statements” within the meaning of the securities laws, including statements about Lyft’s strategies, commitment to electric vehicles and Lyft’s efforts with respect to policymaking. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Lyft’s filings with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events, except as required by applicable law.