Uber is a technology company that has revolutionized the transportation industry around the world. Founded in 2009, Uber has grown to become one of the most recognizable brands in the world, with a presence in over 900 cities worldwide. The company operates in the Internet Media & Services sector and has been at the forefront of innovation in the transportation industry. Uber has disrupted the traditional taxi industry by providing a more convenient and cost-effective way for people to get around.

However, the company has also been criticized for its impact on the environment, particularly in terms of carbon emissions. As a result, Uber has made a commitment to decarbonization and has taken several steps to reduce its carbon footprint.

One of the ways Uber is working towards decarbonization is through its corporate energy strategy. The company has set a goal of sourcing 100% renewable energy for its operations by 2025. To achieve this goal, Uber has entered into several corporate power purchase agreements (PPAs) with renewable energy providers.

A corporate PPA is a long-term contract between a company and a renewable energy provider. The company agrees to purchase a certain amount of renewable energy from the provider at a fixed price over a period of time. This provides the renewable energy provider with a stable source of revenue, which allows them to invest in new renewable energy projects.

Uber has entered into several corporate PPAs with renewable energy providers, including a 5-year agreement with Enel Green Power to purchase 100% renewable energy for its operations in the United States. The agreement will provide Uber with 1.5 terawatt-hours of renewable energy per year, which is equivalent to the energy used by over 100,000 homes in the United States.

In addition to its corporate PPAs, Uber has also invested in renewable energy projects. In 2019, the company announced a $10 million investment in a fund that will finance the development of new renewable energy projects in India. The fund will focus on solar and wind projects and is expected to provide clean energy to over 1 million people in India.

Uber has also taken steps to reduce its carbon emissions through its operations. The company has launched several initiatives to encourage the use of electric vehicles (EVs) on its platform. In 2018, Uber launched a pilot program in London to provide incentives for drivers to switch to EVs. The program provided drivers with a £5,000 grant towards the purchase of an EV and waived the service fee for EV drivers on the platform.

Uber has also launched several initiatives to encourage the use of EVs in other cities around the world. In 2019, the company announced a partnership with Nissan to provide drivers in the United Kingdom with a discount on the purchase of a Nissan LEAF EV. The partnership also included the installation of EV charging infrastructure at Uber's London headquarters.

In addition to its efforts to reduce its carbon emissions, Uber has also taken steps to improve the sustainability of its operations. The company has launched several initiatives to reduce waste and promote recycling. In 2019, Uber announced a partnership with TerraCycle to launch a pilot program to recycle single-use coffee cups in the United Kingdom. The program provided customers with a reusable cup that they could use for their coffee orders, which could be returned to Uber for recycling.

Overall, Uber has made a strong commitment to decarbonization and has taken several steps to reduce its carbon footprint. The company's corporate energy strategy, which includes corporate PPAs and investments in renewable energy projects, is a key part of its efforts to achieve its goal of sourcing 100% renewable energy for its operations by 2025. Additionally, Uber's initiatives to encourage the use of EVs and improve the sustainability of its operations demonstrate its commitment to reducing its impact on the environment.