Canyon Bicycles GmbH
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 26 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Canyon Bicycles GmbH's reported carbon emissions
Canyon Bicycles GmbH, headquartered in Germany, has made significant commitments towards reducing its carbon emissions, although specific emissions data for the most recent year is currently unavailable. The company has set ambitious targets as part of its climate strategy, aiming for net-zero greenhouse gas (GHG) emissions across its entire value chain by 2050. In the near term, Canyon Bicycles has committed to reducing its absolute Scope 1 and 2 GHG emissions by 51% by 2032, using 2022 as the base year. Additionally, the company aims to decrease its Scope 3 emissions by 58.2% per bicycle produced within the same timeframe. For the long term, Canyon Bicycles plans to achieve 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 align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Canyon Bicycles' commitment reflects a proactive approach to sustainability within the consumer durables sector, positioning the company as a leader in climate responsibility.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canyon Bicycles GmbH is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
