Singapore-based Grab and Indonesia's GoTo, the two biggest ride-hailing and delivery firms in Southeast Asia, are falling far behind their carbon neutrality pledge as their greenhouse gas emissions surged in 2022.
Both Grab and GoTo announced in 2021 to reach carbon-neutral or zero-emissions status. Grab aims to achieve this by 2040 while GoTo, operating in fewer countries, sets a goal of 2030.
However, Grab's carbon emissions surged by 123% to 3.35 million metric tons of CO2e between 2021 and 2022, while GoTo recorded a 19% increase in the same period to just under 1 million tons of CO2e, both are off track toward reaching their goals.
