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Founded in 2011, Cabify is a private ride-hailing company headquartered in Madrid, Spain. Operating in 40 cities across Latin America, including Argentina, Colombia, Mexico, Peru and Uruguay, Cabify is Spain's first-ever unicorn company. In 2022, the platform facilitated 91 million rides, serving 76 million users with 1.2 million drivers.
Summary
Cabify discloses information on some urban sustainability topics but lacks disclosure in several key areas. The company promotes sustainable commuting by encouraging online meetings to reduce business travel and offering employees monthly vouchers that can be used to access its sustainable mobility ecosystem. Additionally, Cabify’s near- and long-term targets for reducing scope 1, 2 and 3 greenhouse gas emissions are validated by the Science Based Targets initiative (SBTi) and align with the 1.5°C trajectory.
However, Cabify has opportunities to improve its governance and environmental reporting. Although the company updated its materiality assessment in 2021, there is no evidence of external stakeholder involvement in the process. Moreover, the company reports its electricity consumption but lacks consistent reporting on total, renewable and non-renewable energy use. Furthermore, its goal to electrify 100% of its fleet by 2030 applies only to Latin America, leaving room to extend this ambition globally.
Cabify’s reporting on the adequacy and affordability of its ride-hailing services is limited. The company should also disclose its policy commitments to respect human rights. Greater transparency in these areas will better position Cabify to address urban mobility challenges and support broader sustainability and inclusion goals.
Ranking position
#132
/300
Total score
12.5
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
12.5
/100
Rank (0-300)
#89
Measurement area
Inclusive Cities
Score
# 1
16.7
/100
Rank (0-300)
#142
Measurement area
Healthy Cities
Score
# 1
8.3
/100
Rank (0-300)
#95
Measurement area
Climate Proof & Resilient Cities
Score
# 1
16.7
/100
Rank (0-300)
#67
Measurement area
Core Social Indicators
Score
# 1
8.3
/100
Rank (0-300)
#151
Industries
Industries
Transport
#12
More about the company
Headquarters
Spain
Ownership structure
Private
Revenue
-
Number of employees
-
Website
https://cabify.com
63716
