Canyon Bicycles GmbH Sustainability Profile
Canyon Bicycles GmbH, commonly known as Canyon, is a leading manufacturer of high-performance bicycles headquartered in Koblenz, Germany. Established in 1985, the company has made significant strides in the cycling industry, particularly in the realms of road, mountain, and triathlon bikes. Canyon is renowned for its direct-to-consumer sales model, which allows for competitive pricing without compromising on quality. With a strong presence across Europe and expanding operations in North America, Canyon has positioned itself as a key player in the cycling market. The brand is celebrated for its innovative designs and cutting-edge technology, offering a range of products that cater to both amateur cyclists and professional athletes. Notable achievements include multiple awards for design and performance, solidifying Canyon's reputation as a pioneer in the cycling community.
DitchCarbon Score
How does Canyon Bicycles GmbH's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Retail Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canyon Bicycles GmbH's score of 48 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canyon Bicycles GmbH, headquartered in Germany, has set ambitious climate commitments aimed at achieving net-zero greenhouse gas (GHG) emissions across its value chain by 2050. Although specific carbon emissions data for the most recent year is not available, the company has established significant reduction targets based on a 2022 baseline. Canyon Bicycles GmbH has committed to reducing its absolute Scope 1 and 2 GHG emissions by 51% by 2032. Additionally, it aims to decrease Scope 3 emissions by 58.2% per bicycle produced within the same timeframe. For the long term, the company targets a 90% reduction in absolute Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions per bicycle produced by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified under the 1.5°C pathway, indicating a commitment to limit global warming. The reduction targets include biogenic land-related emissions and removals from bioenergy feedstocks, showcasing a comprehensive approach to sustainability. Canyon Bicycles GmbH's climate strategy reflects its dedication to environmental responsibility and positions it as a proactive player in the consumer durables sector, particularly in the bicycle manufacturing industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 150,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000,000 |
| Scope 2 | 70,000 | 00,000 | 00,000 | 00,000 | 0,000 | 0,000,000 |
| Scope 3 | 11,514,000,000 | 00,000,000,000 | 0,000,000,000 | 000,000 | 000,000 | 00,000,000,000,000 |
How Carbon Intensive is Canyon Bicycles GmbH's Industry?
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Canyon Bicycles GmbH's Scope 3 Categories Breakdown
Canyon Bicycles GmbH's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Canyon Bicycles GmbH's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Canyon Bicycles GmbH has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
