All Bolt rides in Europe are now 100% carbon-neutral

September 25, 2019

Carbon neutral Bolt

Bolt keeps making rapid progress on our mission of building the best way to move in cities – bringing convenient, affordable and reliable transport to millions of people around the world.

Six years in, we are more confident than ever that using technology to create an efficient network of shared cars, scooters, bikes and public transport is the only viable alternative to every person needing a private car in the future. That’s a future with less traffic, fewer parking lots and lighter pollution, with more time and urban space for people to do what really matters.

But we want to have even more impact already today, so we’re launching our Green Plan — a long-term commitment to reduce the ecological footprint of Bolt as a company. Our first step is to make all Bolt rides in Europe 100% carbon neutral by buying verified emission reduction, offsetting the CO2 emissions that Bolt rides create.

The largest ride-hailing company in Europe to voluntarily commit to carbon offsetting

From today, every European Bolt ride will be 100% carbon neutral. So, when you make the decision to ride with Bolt, you’re also choosing to fight climate change, one ride at a time — at no extra cost to you.

By supporting a number of carbon offsetting projects across the globe, we’re able to cancel out the CO2 that your Bolt emits during your ride, making it a greener trip!

We’re proud to be one of the largest technology companies in Europe to voluntarily commit to fighting climate change at this scale. Our carbon offsetting initiative is a multi-million euro investment already next year and will continue to grow as more Bolt rides are done.

Bolt’s Green Plan

So, what are we planning to do, exactly? The Green Plan’s main goals are:

  1. To neutralise Bolt’s contribution to the CO₂ emissions of the European transportation sector, with a minimum commitment of 5 million tonnes offset by 2025.
  2. To reduce emissions, by bringing scooters, electric cars and other environmentally friendly transport options for you to move in cities.
  3. To use renewable energy (and 100% offsetting where that is not available) in all Bolt offices around the world in 2020.

Why carbon offsetting?

Climate change is one of the biggest threats to humankind in the 21st century. It has already altered the Earth’s geological and ecological systems, causing extreme weather patterns, desertification and an increased danger of wildfires. Unless we collectively start to reduce greenhouse gas emissions, the damage caused to the environment and millions of people will grow only worse over the next decades.

Carbon offsetting programs alone are not the solution, but just one of the ways to mitigate the release of CO2 into the atmosphere by investing in renewable energy alternatives like wind and solar power or supporting projects that remove carbon dioxide from the air, like planting trees (photosynthesis) or direct-air sequestering.

Bolt is a growing part of the transportation ecosystem and, as a result, we hold ourselves responsible for being part of the solution.

We’re in the unique and fortunate position of being able to act as a driving force for change both in and outside our industry. We hope that our Green Plan sets an example for other companies to follow, so we can all share the responsibility moving forward.

What does this mean for you?

You don’t need to do anything differently and you won’t pay a cent more than you did before. All you need to do is ride with Bolt.  Download the Bolt app and use it whenever, wherever.

– Markus Villig, Founder & CEO, Bolt

*Our carbon offsetting projects will be sourced in cooperation with Natural Capital Partners.
**The countries included in the CO2 offsetting project are the United Kingdom, Portugal, France, Malta, Austria, Sweden, Finland, Poland, Ukraine, Azerbaijan, Russia, Lithuania, Estonia, Czech Republic, Latvia, Georgia, Romania, Croatia, Slovakia, Kazakhstan, Hungary, Cyprus, Serbia, Armenia.

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