Climate change Our view on offsets Our plan for shifting passenger-based mobility We do recognize, however, that reaching net zero services to zero-tailpipe-emissions vehicles and emissions by 2040, from a corporate accounting achieving net zero emissions across all scopes standpoint—across emissions scopes 1, 2, and intentionally avoids carbon-offset purchasing as 3—may require high-quality carbon offsets to a primary strategy. At best, offsets focus only on address emissions segments that are difficult to climate-related emissions, leaving harmful local air decarbonize and hard for us to influence. These pollutants unaddressed. Additionally, researchers could include employee business travel by air, continue to critique the various weaknesses of offsetting emissions from corporate operations carbon offsets, including verification challenges. in the early years for activities where zero carbon With our operational excellence and global alternatives remain inaccessible or unavailable, footprint, we believe we can play a more catalytic or net zero carbon mobility products like Uber role in decarbonizing on-demand mobility without Planet launched in markets where drivers face offsets that effectively pay to make it someone unreasonably high switching costs to access else’s responsibility. battery EVs. 2021 ESG Report 73