Paving the Way | Our Green Ambition
BidX1 are innovators in the property industry, providing a more transparent, online alternative to the traditional methods of transacting real estate.
Today, we are already carbon neutral – thanks to a sustainable business model and a value system which puts climate action at the forefront of decision-making.
A new kind of property company
Carbon Neutrality | Our Journey
BidX1 Carbon Footprint
With backing from Enterprise Ireland, who supported our carbon assessment through their GreenStart programme, we mapped BidX1's emissions across every market.
In 2019, our carbon footprint was just 291 tonnes.
And this measurement included indirect 'Scope 3' emissions such as:
- Staff commuting
- Waste management
- Data storage
- Emissions from the supply & treatment of water
Safe Water Access in Rwanda
In 2019, BidX1 consumed just 291 tonnes of carbon.
In 2020, BidX1 staff chose a clean water project in Rwanda to invest in, so that we could offset those carbon emissions.
This is a Gold Standard project, which aims to deliver clean, safe water for communities in the East African nation – by identifying and rehabilitating broken-down boreholes.
Our model is inherently sustainable, and we are actively working to integrate environmental principles into every aspect of our business, from day-to-day operations to strategic decision-making.
93% of our electricity comes from renewable sources, while energy efficiency programmes in each market ensure responsible consumption.
Our platform, which has powered over 10,000 property transactions, is hosted by Microsoft, a carbon-neutral cloud-based provider; our emissions from data storage are currently zero.
We actively seek carbon-conscious suppliers to reduce our wider footprint - including environmentally efficient office buildings for our teams in each market.
Transparency & Reporting
In 2021, BidX1 will start reporting to the CDP on our environmental impact, the gold standard for corporate environmental reporting.
Each year, we aim to broaden the scope of our carbon assessment, including more indirect emissions - from both up and down the value chain.
Net Zero Journey
Having achieved Carbon Neutrality in 2019, we are working on BidX1's roadmap to achieving Net Zero - the ultimate goal of removing as many emissions as we consume.
BidX1’s green agenda is driven by our Sustainability Team, whose aim is to align our business practices with the UN Sustainable Development Goals.
Comprised of professionals from each market where we operate, with expertise spanning finance, technology, property and marketing, the team is responsible for BidX1's environmental policies, as well as our initiatives covering:
- Diversity & Inclusion;
- Responsible Consumption;
- Health & Wellbeing in the Workplace;
- And working with our Charity Partners in each market.