Canyon Bicycles GmbH

Canyon Bicycles GmbH: Carbon Emissions and Climate Commitments

Canyon Bicycles GmbH, a company based in Germany operating in the motor vehicle and motorcycle parts sales and repair industry, has established comprehensive climate commitments. In 2022, the company reported total global emissions of approximately 83.6 million kg CO2e. This figure encompasses Scope 1 emissions of about 726,000 kg CO2e, Scope 2 emissions of approximately 88,000 kg CO2e, and Scope 3 emissions totalling around 82.8 million kg CO2e.

Climate Targets:

Canyon Bicycles GmbH is committed to achieving net-zero greenhouse gas (GHG) emissions across its value chain by 2050. This ambitious goal is supported by specific near-term and long-term reduction targets, aligned with a 1.5°C trajectory:

• Near-Term Targets (by 2032, from a 2022 base year):

  • A 51% reduction in absolute Scope 1 and Scope 2 GHG emissions.
  • A 58.2% reduction in Scope 3 GHG emissions per bicycle produced.

• Long-Term Targets (by 2050, from a 2022 base year):

  • A 90% reduction in absolute Scope 1 and Scope 2 GHG emissions.
  • A 97% reduction in Scope 3 GHG emissions per bicycle produced.

These targets were validated by the Science Based Targets initiative (SBTi). The company has also noted that its target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.

Emissions Data Scope:

The reported emissions data for 2022 covers Scope 1, Scope 2, and Scope 3 emissions. However, it is noted that data for Scope 3 categories, specifically "purchased goods and services," was missing.

Data Sourcing:

The emissions and climate target data for Canyon Bicycles GmbH are sourced directly from the company itself. While the company is a subsidiary, its emissions reporting and climate commitments are not cascaded from a parent organisation in the provided information.