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Uber Technologies’ CEO Dara Khosrowshahi says the ride-sharing company is looking at reporting against the Task Force on Climate-related Financial Disclosures (TCFD) as it looks to engage with shareholders and other stakeholders following its 2019 initial public offering (IPO).
This was one of the revelations from an interview with Responsible Investor’s Daniel Brooksbank, which will be aired at the Responsible Investor Digital Festival: Summer 2020, the live and free-to-air event that takes place this week.
The ride-hailing firm listed on the New York Stock Exchange last year in the biggest tech IPO since Facebook in 2012 – and has just held its first ever annual general meeting.
The in-depth discussion covers the various ESG issues the company is facing, ranging from “social” issues such as the status of its drivers, safety concerns and the future of app-based work, to corporate governance issues such as taxation and long-term investment.
Khosrowshahi, the former Expedia CEO who wants Uber to be “part of the solution” to climate change, also addresses environmental issues such as traffic congestion and emissions targets.
Khosrowshahi, who took over from controversial co-founder Travis Kalanick in 2017, also addresses the negative connotations of “uberization” and reveals his thinking on corporate purpose and stakeholder capitalism.