With Our Industry-Leading Net-Zero Target Validated Our Hard Work Continues
We’re happy to share Lime's net-zero target received validation from #SBTi— a first for the micromobility industry. 🎉
This is big for us.
Our mission is to build a future where transportation is shared, affordable and carbon-free. We recognize that achieving that mission means we must decarbonize ourselves as we take on the even bigger challenge of being a part of decarbonizing urban transportation globally.
⏲ We first committed to setting a science-based target in 2020. Rather than setting an arbitrary target, we knew we had to meet what science required to prevent the worst of climate change. We wanted to set ourselves to the highest standard. A science-based target was just that. Led by the Science Based Targets initiative, a collaboration among CDP, WWF, United Nations Global Compact, & World Resources Institute, they represent the gold standard in corporate carbon targets.
At the time, we had just under 500 employees. We could have qualified for a small business exemption and a less rigorous target allowing smaller companies a pass on measuring upstream emissions. In Lime's case, that would have been 90%+. We didn't.
At the time, we had never embarked on measuring our company's carbon footprint. So we did. And we have each year since.
And at the time in 2020, a science-based net-zero target wasn't a thing: there was no methodology for setting one. So we set a target aligned with the Paris Climate Accord's 1.5C goal across Scopes 1, 2 and 3 emissions, had it validated, and committed publicly we'd get to net-zero.
Then at this time last year, with the fresh new net-zero rules in place, we submitted a new, more ambitious near and long-term 2030 target in line with science-based #netzero. Following a rigorous validation and review process, it's now approved, a first for our industry.
Our latest carbon report demonstrated we reduced our emissions intensity by more than 37% from our 2019 baseline. This was no small feat and required an intense focus on decarbonization across our entire business. We invested in our own hardware for longer lasting, easily-repairable vehicles; we committed to swappable batteries across our entire fleet; we power our vehicles, warehouses and offices with renewable energy; we swapped out dozens of gas vans for operations with EVs; and we drastically reduced highly emitting air shipments for vehicles and parts.
We're excited to share that we’re on track to make even greater strides in our 2023 carbon inventory. While we have a ton of very hard work ahead, in 2024 we have even more lined up to build on the strong foundation we’ve established.