However, those pledges were almost immediately derailed by a sharp increase in reported GHG emissions by both companies. In both cases, the total emissions were almost entirely attributed to what are called Scope 3 emissions, or emissions that are from assets not directly owned or controlled by a company but are indirectly determined by the company's value chain. In response to media questions about its surging emissions, Grab has highlighted several initiatives to reduce its environmental impact. Its latest ESG report claims that 39,000 metric tons of GHG emissions were eliminated by encouraging the use of zero-emission and low-emission vehicles, such as bicycles for deliveries and electric vehicles (EVs) or hybrid vehicles for transport services. The company has also emphasized that its decarbonization strategy takes into account its business expansion goals, although it does seem the sharp increase in GHG emissions last year may have come as a surprise.

Source: Manila Times May 17, 2023 05:04 UTC