Grab Announces Target to Achieve Zero Packaging Waste in Nature By 2040
May 08 2023 - 4:30AM
Business Wire
- New waste goal announced in conjunction with the release of
Grab’s 2022 ESG report; adds to Grab’s existing environmental
target to reach carbon neutrality1 by 2040
Grab Holdings Limited (NASDAQ: GRAB) today announced a new
target as part of its Environment, Social and Governance (ESG)
commitments. Aimed at tackling Southeast Asia’s packaging waste
problem, Grab is committing to achieve zero packaging waste in
nature by 2040.
“We recognise that food packaging waste is an inherent
by-product of our food delivery platform. Change has to happen
throughout the value chain, and we are committed to proactively
seeking and developing sustainable, inclusive answers. This means
both being introspective, while working with other parties in the
ecosystem such as regulators, packaging manufacturers, waste
management firms, merchant-partners, and consumers,” said Cheryl
Goh, Group Head of Marketing and Sustainability, Grab.
Grab has mapped out a two-phase approach to reach its waste
target. In Phase 1, Grab will focus on reducing overpackaging and
replacing single use-plastics with compostables. The company will
also work on developing reverse logistics mechanisms to increase
the adoption of reusable and recyclable packaging. This builds on
efforts that have begun since 2019 to encourage consumers to opt
out from receiving single-use cutlery for their food delivery
orders. To date, Grab has saved more than 23,800 tonnes of waste2,
with 898 million sets of cutlery weighing 8,088 tonnes saved from
2022 alone. Phase 1 will run until 2030, with the aim of having 30%
of plastic packaging diverted by then.
Phase 2 will focus on developing long-term scalable solutions to
contribute towards a circular economy by performing proper waste
collection and supporting the use of reusable packaging, enabling
Grab to achieve its target of zero packaging waste in nature by
2040.
Grab’s latest ESG report also tracked the company’s impact in
2022 across key priority areas:
- Grab continues to create opportunities for everyday
entrepreneurs to build sustainable livelihoods. 30% of Grab
driver-partners surveyed say they were not earning an income before
joining Grab3. Today, 72% of Grab’s driver-partners earn from more
than one service on the Grab platform. Grab has also continued its
efforts to bring small businesses online, onboarding 658,000 small
merchant-partners in 2022. Small businesses on the Grab platform
saw a 26 per cent increase in their monthly earnings on average,
after one year of being on the Grab platform. Beyond earnings, Grab
provides upskilling opportunities, with 1 million partners having
taken at least one upskilling course offered via Grab in 2022. In
total, Grab partners earned US$10.6 billion through the platform in
2022, a 19 per cent increase from the year before.
- Grab maintains a safe and trusted platform as a top
priority. In 2022, 99.99% of Grab rides occurred without
incident; 5.5x safer rides regionally when benchmarked against
Singapore Land Transport Authority’s QoS standards4. New safety
features rolled out in 2022 include AudioProtect and
QuietRide.
- Grab is accelerating efforts towards carbon neutrality,
reducing 48,000 tonnes of emissions in 2022 through zero or
low-emission modes of transport as well as through optimisations
such as batched deliveries and shared rides. About 50% of Grab
deliveries in Singapore are made on zero-emission modes of
transportation. Grab has ~13,000 low emission vehicles as part of
its rental fleet regionally, including a 100% two-wheel EV fleet in
Indonesia, where Grab is the largest EV ride-hailing fleet
operator.
To find out more about Grab’s latest ESG report, visit the link
here. The full report can be downloaded here.
About Grab
Grab is a leading superapp in Southeast Asia, operating across
the deliveries, mobility and digital financial services sectors.
Serving over 500 cities in eight Southeast Asian countries -
Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore,
Thailand and Vietnam - Grab enables millions of people everyday to
order food or groceries, send packages, hail a ride or taxi, pay
for online purchases or access services such as lending and
insurance, all through a single app. Grab was founded in 2012 with
the mission to drive Southeast Asia forward by creating economic
empowerment for everyone, and strives to serve a triple bottom
line: to simultaneously deliver financial performance for its
shareholders and have a positive social and environmental impact in
Southeast Asia.
1Grab’s decarbonisation target for Scope 1, 2 and 3. Applicable
where we provide ride-hailing, delivery and financial services
through our existing subsidiaries under our operational and
management control. Grab’s roadmap and targets are set in
consideration of future business growth. 2Based on 9g per set of
cutlery for 2.6 billion sets (2019-2022) 3Based on an online survey
of 7,037 respondents, conducted by Ipsos from 16 December to 21
December 2022 in Indonesia, Singapore, Malaysia, Thailand,
Philippines and Vietnam. 4Includes mobility rides on the Grab
platform. The Singapore’s Land Transport Authority’s (LTA) Quality
of Service (QoS) measures how well transport companies providing
point to point transport services manage service quality, including
safety indicators, and is used as a benchmark for the region as not
all countries have a published or defined set of standards, and
because Singapore has high safety standards for its taxi and
ride-hailing industry.
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