Lyft Inc

Common Name
Lyft
Country
United States
Sector
Technology
Industry
Software - Application
Employees
2,934
Ticker
LYFT
Exchange
NASDAQ/NGS
Description
Lyft Inc. is a ride-sharing company that provides transportation services across cities in North America. Its primary function is to connect passengers looking for convenient and affordable rides with...

Lyft's GHG Emissions Data Preview

In 2022, Lyft completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Lyft has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Insights into Lyft's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Lyft amounted to 9,246 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Lyft increased by 28.61%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Lyft's Scope 1 Emissions Over Time

20202021202206501.3 k1.95 k2.6 ktCO2e+42%+145%
  • Total Scope 1
  • Year-over-Year Change

What are Lyft's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Lyft were 2,499 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a

Has Lyft reduced its Scope 1 emissions over time?

Since 2020, Lyft's Scope 1 emissions have increased by 248.05%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2021), Lyft's Scope 1 emissions increased by 144.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Lyft's Scope 2 emissions?

In 2022, Lyft reported Scope 2 greenhouse gas (GHG) emissions of 1,203 tCOâ‚‚e using the market-based method and 6,747 tCOâ‚‚e using the location-based method. a

Has Lyft reduced its Scope 2 emissions over time?

Since 2020, Lyft's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.63%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2021), Lyft's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lyft 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Lyft use for Scope 2 reporting?

In 2022, Lyft reported its Scope 2 emissions using the market-based method and using the location-based method. a

Lyft's Scope 2 Emissions Over Time

20202021202202.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Lyft's Value Chain Emissions

In 2022, Lyft reported 1,745,186 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2022 disclosure of Lyft includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Lyft's Scope 3 Emissions Over Time

2020202120220450 k900 k1.35 M1.8 MtCO2e+10%+17%
  • Total Scope 3
  • Year-over-Year Change

What are Lyft's Scope 3 emissions?

In 2022, Lyft reported total Scope 3 emissions of 1,745,186 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a

Approximately 4.31% of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.69% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Lyft reduced its Scope 3 emissions over time?

Since 2020, Lyft's Scope 3 emissions have increased by 28.59%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2021), Lyft's Scope 3 emissions increased by 17.07%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Lyft disclose?

In 2022, Lyft reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Lyft's Scope 3 emissions?

In 2022, the largest contributors to Lyft's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 1,669,946 tCOâ‚‚e (95.69%)
  • Purchased Goods and Services (Cat. 1): 57,756 tCOâ‚‚e (3.31%)
  • Employee Commuting (Cat. 7): 7,391 tCOâ‚‚e (0.42%)

Lyft's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(95.7%)Purchased Goods andServices (Cat. 1)(3.3%)

Insights into Lyft's Total Carbon Footprint

In 2022, Lyft reported a total carbon footprint of 1,754,432 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.12% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Lyft's total carbon footprint was Scope 3 emissions, accounting for 99.47% of the company's total carbon footprint, followed by Scope 2 emissions at 0.38%. a

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