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Ola is a ride-hailing platform founded in Mumbai, India in 2010. The company offers ride-hailing services through its platform, providing close to 1 billion rides every year. It currently operates in more than 250 cities globally, including cities in India, Australia, New Zealand and the UK.
Summary
Ola performs poorly in the 2024 Urban Benchmark, with clear potential to improve its reporting on a substantial number of sustainability topics. The company reports the steps it takes to ensure its services are accessible to vulnerable groups, highlighting its focus on universal access of its transport services. However, the company’s overall lack of disclosure on most key sustainability topics makes it difficult to fully understand and evaluate its impact on people and the planet.
To foster transparency and positive change, Ola should identify its most significant sustainability risks and opportunities through a materiality assessment and publish a sustainability strategy that integrates these priorities into its overall business strategy. It should assign accountability for strategy oversight to the highest governing body, such as its board of directors. The company should also disclose its policy commitments to respect human rights. Furthermore, Ola should establish measurable, time-bound and, where possible, science-based targets to reduce negative impacts, while regularly reporting progress against its sustainability goals.
Ranking position
#215
/300
Total score
1.5
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
4.2
/100
Rank (0-300)
#153
Measurement area
Inclusive Cities
Score
# 1
3.3
/100
Rank (0-300)
#208
Measurement area
Healthy Cities
Score
# 1
0.0
/100
Rank (0-300)
#174
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
0.0
/100
Rank (0-300)
#195
Industries
Industries
Transport
#27
More about the company
Headquarters
India
Ownership structure
Private
Revenue
-
Number of employees
7000 (2022)
Website
https://www.olacabs.com
63716
