Climate Change Data

Bikmo

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Community Support
  • Governance

Environmental Achievements

  • Switched to a renewable energy tariff saving 31.4 tonnes annually in CO2 emissions.

Social Achievements

  • Supported local cycling communities by working with cycle retailers for repair and replacement services, putting over £1.3M back into local retailers.
  • Partnered with 1% For The Planet, supporting World Bicycle Relief and Trash Free Trails.

Governance Achievements

  • Became a certified BCorp in September 2019.

Climate Goals & Targets

Long-term Goals:
  • Hit Net Zero emissions
Medium-term Goals:
  • Put £10M back into local bike retailers by 2023.
  • Onboard 150+ local retailers.
Short-term Goals:
  • Offset 2020 emissions by March 2021.

Environmental Challenges

  • Did not offset carbon emissions by December 31st, 2020 as initially targeted.
  • Did not partner with as many new retailers in 2020 as originally targeted.
  • Lack of ethnic and racial diversity within the company.
Mitigation Strategies
  • Will measure emissions by calendar year and offset in March of the following year.
  • Will onboard a further 150 local bike retailers in 2021.
  • Will create targets for recruiting people from racial and ethnic minorities in 2021, including at Board level.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BCorp

Certifications: BCorp

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Net Zero emissions
  • Support for local cycle retailers
  • Community engagement
  • Employee well-being
  • BCorp Certification

Environmental Achievements

  • Offset 10 tonnes of carbon emissions from 2020 and 2021
  • Changed offices to utilize renewable energy providers
  • Implemented policies and training on sustainable travel and purchasing

Social Achievements

  • Improved eNPS score from 50 to 63 in Q2 2022 through better communication, development paths, and training
  • Accelerated claims payments, improving customer service
  • Salvaged bikes for reuse and charity donations
  • Supported local cycling clubs through the 'Club of the Year' competition
  • Partnered with 1% for the Planet and recommended other beneficiaries

Governance Achievements

  • Planning for SBTI Net-Zero Standard by 2030
  • Planning for BCorp recertification with a target score of 95
  • Planning to add an employee representative to the board in 2022

Climate Goals & Targets

Long-term Goals:
  • Quadruple rider numbers by 2025
Medium-term Goals:
  • Implement Net-Zero plan (Q1 2023)
  • Achieve SBTI Net-Zero Standard by 2030
  • Support local retailers with £10m in claims
Short-term Goals:
  • Finalise Net-Zero plan (Q3 2022)
  • Get stakeholder buy-in for Net-Zero plan (Q4 2022)
  • BCorp recertification with a target score of 95 (September 2022)

Environmental Challenges

  • Supply chain disruptions in the cycling sector due to COVID-19
  • Maintaining company culture while scaling
  • Global instability impacting supply chains
Mitigation Strategies
  • Delegated claims authority to accelerate payments
  • Refining salvage process to support retailers and charities
  • Investing in team communication, development, and training
  • Developing a Net-Zero plan based on SBTI standards

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supporting local cycle retailers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SBTI, BCorp

Certifications: B Corp

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed