We're proud to announce another major milestone in our mission to build a zero-emission future: we've successfully transitioned our European port-to-hub shipping to HVO100 Drayage vehicles, reducing logistics emissions by nearly 90%. Since launching this initiative in June, these sustainable vehicles have covered over 12,800 km of port-to-hub routes, saving more than 7,100 kg of CO2.

Leading the Charge in Sustainable Logistics

HVO100 isn't just another alternative fuel. This renewable solution, made from 100% waste and residue oils, meets the strict EN 15940 European quality standard for paraffinic diesel. By providing around 89% CO2 savings compared to traditional diesel, it's proving to be a powerful tool in our sustainability arsenal.

From Pilot to Full Implementation

Working closely with our distribution partners Alblas and NeeleVat, we've methodically scaled this initiative:

• June 2024: Launched pilot with 50% of drayage trucking operations

• July 2024: Continued testing and optimization at 50% coverage

• August 2024: Achieved full implementation across EMEA operations

A Global Approach to Zero-Emission Shipping

Our commitment to sustainable logistics extends across continents. In March, we partnered with Hight Logistics to introduce electric trucks for zero-emissions port transportation in California, covering 100% of North American shipments. Combined with our Rotterdam operations, all of Lime's port trucking now comprises low-carbon transport, achieving an average of 95% carbon reduction.

In 2023, 11% of our total carbon emissions came from upstream transportation. Our goal is to bring that number to zero. As an industry leader in sustainable transportation solutions – we're committed to leading the way in zero-emission freight shipping as well.

Committing to Zero-Emission International Shipping

We're proud to be among the first companies to share our commitment to the World Economic Forum's Mission Possible Partnership commitment to zero-emission international shipping. We hope that as owners of global cargo, we can be among a collection of forward-minded businesses driving the investment and innovation to decarbonize the entire logistics sector. Our new commitments are clear and ambitious:

• 10% of our internationally shipped goods will move on zero-emission fuel vessels by 2030

• 100% of shipments will be zero-emission by 2040

"Decarbonizing our logistics is a critical part of our mission and aggressive roadmap to net zero," says Andrew Savage, our VP for Sustainability. "With this new initiative in Rotterdam, between Europe and North America, Lime's freight moves from port to hub using an average of 95% less carbon. While our goal is to utilize zero emissions vehicles for our logistics globally, we know we'll need to work with providers and the industry to mature to meet this growing demand."

Building on Our Sustainability Leadership

This milestone builds on our comprehensive efforts to decarbonize our business:

• Achieved a 59.5% carbon intensity reduction from our 2019 baseline

• Secured validation of our 2030 net zero target by the Science Based Targets Initiative

• Joined The Climate Group's EV100, committing to a 100% electric corporate fleet

• Converted more than 65% of our global operations vehicles to electric

• Established leadership in the Ceres Corporate Electric Vehicles Alliance (CEVA)

Looking Ahead

We anticipate even further emissions reductions in 2024 and will share our progress in our annual carbon assessment in early 2025. This latest achievement in sustainable logistics reinforces our position as a leader in clean transportation and brings us another step closer to our vision of shared, affordable, and carbon-free mobility.

As the world's largest provider of shared electric vehicles, with more than 700 million rides across nearly 280 cities on five continents, we're proving that sustainable transportation isn't just the future – it's happening now. And we're just getting started.