Climate change Planning for the future Strategy and Risk Management network to move people out of harm’s way and In 2021, Uber held a series of internal workshops improve resilience in storm-affected areas. and tailored interviews with key business functions, These workshops were designed to better identify business lines and leaders to better understand and prioritize key climate change-related risks as Uber’s potential exposure to the physical and well as opportunities, in the short, medium, and transition risks of climate change, as well as long term. emerging opportunities. The workshops’ dynamic conversations highlighted To learn more about Uber’s strategy to best 3 significant climate themes relevant to Uber’s transition to a lower-carbon economy, see our 2020 34 corporate strategy and risk management functions: Climate Assessment and Performance Report and SPARK! Report where we discuss our approach 1. Market shifts toward electric vehicles and lower to moving our business toward electrification and carbon business models may influence behavior net-zero emissions by 2040. In addition to providing of riders, drivers, delivery people, freight carriers, transparency on real-world emissions associated shippers, merchants, technology platforms, and with Uber’s platform, we also explore the hurdles, ways of thinking and working. challenges, and opportunities we may face along 2. National and local climate and vehicle emissions- our journey to zero. related regulations may affect Uber’s ability to As a global company, these hurdles, challenges, operate and/or affect market conditions. and opportunities differ according to policy and 3. Increasing severity and frequency of extreme local contexts, but the goal is the same: do our weather events, or chronic weather pattern part to help the world meet the goals of the Paris changes may result in business disruptions, Agreement, while building long-term value for damage to infrastructure, driver, delivery person, our stakeholders. or carrier shortages, or reduced demand from ³⁴Uber plans to publish an updated Climate Assessment and Performance Report in riders, consumers or shippers; and opportunities 2021. for Uber to use its technology and massive 2021 ESG Report 70