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Lyft, Inc., commonly known as Lyft, is a prominent player in the Other Land Transportation Services industry, headquartered in the United States. Founded in 2012, Lyft has rapidly evolved to become a leading ride-sharing platform, primarily operating in major urban areas across the US and Canada.
The company offers a range of services, including standard rides, shared rides, and Lyft XL, catering to diverse transportation needs. What sets Lyft apart is its commitment to sustainability and community engagement, often promoting eco-friendly initiatives.
With a significant market presence, Lyft has achieved notable milestones, including the introduction of its electric bike and scooter rentals. As a key competitor in the ride-hailing sector, Lyft continues to innovate, enhancing user experience while maintaining a strong focus on safety and reliability.
+20 vs industry average
Lyft’s score of 40 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Land Transportation is among the most carbon-intensive industries
The Land Transportation industry has reduced its overall emissions by 27% since 2018
Scope 3 accounts for ••• of total emissions.
Lyft reported total carbon emissions of approximately 2,355,550,000 kg CO2e in 2024. This includes Scope 1 emissions of around 2,451,000 kg CO2e, Scope 2 emissions (market-based) of about 1,870,000 kg CO2e, and Scope 3 emissions totalling approximately 2,351,229,000 kg CO2e. The vast majority of Lyft's emissions, about 99.8%, fall under Scope 3, with "use of sold products" being the largest contributor at roughly 2,196,775,000 kg CO2e in 2024.
Looking back, Lyft's total emissions have seen an upward trend from approximately 1,799,960,000 kg CO2e in 2018 to 2,355,550,000 kg CO2e in 2024.
Lyft has established several climate commitments. The company aims to reduce its Scope 1 and Scope 2 emissions to "near zero" by the middle of this decade (between 2023 and 2025). More specifically, Lyft has a target to reduce Scope 1 and Scope 2 emissions by 50% from 2020 levels by 2025. Additionally, Lyft, Inc. has committed to Science Based Targets initiative (SBTi) to reduce absolute Scope 1 and 2 GHG emissions by 56.5% by 2030 from a 2018 base year. The company also commits to reduce absolute Scope 3 GHG emissions by 85% per million USD value added within the same timeframe, which is classified as consistent with reductions required to keep warming to 1.5°C.
2030
56.5% reduction in Scope 2
Lyft, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 56.5% by 2030 from a 2018 base year. Lyft, Inc. also commits to reduce abs…
2030
56.5% reduction in Scope 1
Lyft, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 56.5% by 2030 from a 2018 base year. Lyft, Inc. also commits to reduce abs…
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Common questions about Lyft’s sustainability data and climate commitments
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