Here at Lime, our team lives and breathes green. From when we log into our emails in the morning (with the bright Lime logo in our Gmail accounts) to the rides we enjoy on our commutes and when we’re traveling, Lime green flows throughout this team.

So when we first launched our #RideGreen commitments and set an audacious goal to be net zero, we knew we’d have the team behind us. We just didn’t fully anticipate the results of their collective efforts.

Now we have them.

Just five years from our first carbon carbon assessment and introducing to the team a charge to drive decarbonization and efficiencies throughout the business, we cut our emissions intensity by 59.5% in 2023 from our 2019 baseline. These figures include our company-wide Scopes 1, 2, and 3 emissions including our supply chain and upstream transportation. Our latest carbon inventory can be found here.

Last year, we cut Scope 1 emissions by 16.2%, thanks to electrifying our operations fleet and running a more efficient business, and cut Scope 2 emissions by 100% thanks to our procurement of renewable energy.

We view carbon at Lime as a key business health metric. The gap between our business growth and carbon reductions continue to grow as well: year-over-year we grew the business by 32% reaching over $615M in revenue, however, we saw a 16.3% reduction in annual carbon emissions.

This didn’t happen by accident.

From powering our fleet and facilities on renewable energy and transitioning our operations fleet to electric, to investing in longer lasting vehicles with swappable batteries which can travel farther on a single charge, we’ve implemented decarbonization initiatives throughout the business. This has been great for business at the same time. In 2023, our EBITDA profits grew to nearly $100M, a growth of over 500% from 2022.

This is a work in progress for us. To reach net zero, we’ll need to aggressively continue to rid carbon throughout the company.

• For 2024, we already began trucking vehicles and parts from North American ports to our distribution centers with zero emissions vehicles. We expect to expand that initiative to Europe and include longer-haul routes.

• We are now sourcing low carbon aluminum for our e-scooters, cutting emissions on the single biggest source of our impacts, our award-winning vehicles.

• We have teams dedicated to reducing battery and vehicle theft and finding ways to increase the distance our riders can travel for every “task” - such as charging or rebalancing required to manage the fleet.

All of these efforts are part of our relentless pursuit of cutting carbon emissions, but we’re also clear-eyed that we’ll need sectors Lime relies on like manufacturing and logistics to decarbonize much faster.

We’ve always set ambitious goals at Lime and know being a net zero business is among them. We know it will take a team within and beyond Lime to get there.

Andrew Savage is the VP of Sustainability at Lime and was part of the company’s founding team.