Lyft

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Lyft Business designs transportation solutions and programs that drive your business forward. Lyft was founded in 2012 by Logan Green and John Zimmer to improve people’s lives with the world’s best transportation, and is available to approximately 95 percent of the United States population as well as select cities in Canada. Lyft is committed to effecting positive change for our cities by offsetting carbon emissions from all rides, and by promoting transportation equity through shared rides, bikeshare systems, electric scooters, and public transit partnerships.

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3.3

Overall Excellence Rating

Industry

Transportation

Category

Collaborative Consumption

ESG/Ethical Impact

Lyft is transforming how people engage with their cities: providing drivers with flexible earning opportunities and offering riders faster and more affordable alternatives to personal vehicle use, all while saving them time and money. We also believe transportation should never be a barrier — to essential needs, economic opportunity, or healthcare — and we work to remove those barriers for underserved communities. The Lyft network provides essential and affordable access to transportation for low-income communities. In 2021, 60% of riders with an annual household income of less than $25,000 reported it would have been difficult, or even impossible, for them to access essential services throughout the pandemic without Lyft and other ridesharing services. Prioritizing flexibility: Most drivers on Lyft (94%) say flexibility is very or extremely important to them. Ninety-five percent of drivers drive fewer than 20 hours per week — these drivers provide the majority of rides on the platform. To ensure Lyft can continue to offer flexible ways of earning income, we supported successful advocacy initiatives in California and Washington state to protect worker flexibility, earnings, and benefits. Investing in drivers: We’re committed to providing fair and flexible earning opportunities to drivers on the Lyft platform. Through features like built-in tipping and expanding programs like Lyft Direct, Express Pay, Express Drive, and Lyft Rewards, we’re increasing access to driving on the Lyft platform and helping drivers maximize their earnings. Prioritizing safety: Since day one, we’ve built safety into every part of the Lyft experience. In 2021, we published our first Community Safety Report detailing the most serious safety incidents reported to Lyft. As part of our efforts to make every ride as safe as possible, the report also details our investments in features and policies to prevent, intervene in, and mitigate safety incidents, like our rigorous driver screening processes, in-app emergency assistance features, and around-the-clock safety support. Transitioning to cleaner cars: Lyft accelerated the rideshare industry’s fight against climate change by expanding access to electric vehicles (EVs) and hybrid vehicles, and by advocating for policies to boost EV adoption. Drivers and riders embraced these low-carbon options, and we’re proud to report that cars on the Lyft network are approximately 22% more fuel efficient than the U.S. average. We have big plans for the future, with a commitment to reach 100% electric vehicles on our platform by the end of 2030. Our Board of Directors regularly evaluates our environmental, social, and corporate governance policies to make sure they fit into our strategy of driving long-term stockholder value and align with our core values.

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Awards Received

2023

Revenues

$4,100,000,000.00

Website Traffic

Employee Rating

3.8

Customer Rating

2.1

Company Size

10000+

ESG Risk Rating

3

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