Schroders Private Banking makes available PowaCycle to its employees

April 20th, 2010 by Richard Lord

Schroders Private Banking has purchased two PowaCycle electric bicycles from Adventure Cycles in St. Martin for use by Schroders’ employees.  The bikes come fully fitted with lights and helmets.

The idea of using electric bikes began as a trial when a staff member suggested that electric bikes would allow employees freedom to get to and from meetings without having to pay for a taxi or waste time looking for a car parking space, which is often difficult to find.

Adventure Cycles agreed to lend an electric bike for one week to test whether the idea worked.  The employees were enthusiastic about using the bike during the loan period so Schroders Private Banking purchased two battery assisted Powacycles that were branded with the Schroders Private Banking logo.

(click image to expand - ©RLLord)

The office uses a booking system for loaning the bikes.  The bikes, batteries and the helmets are kept at a central point at reception.  Employees can borrow the bikes through the day, or to commute to and from work.  They can also borrow them for weekends.  The bikes provide enjoyment for staff members.  Although the bikes are electric, pedaling is required so the bikes provide a health benefit too.

Schroders Private Banking Chief Executive Julian Winser said “the bikes, which are used for both business meetings around the island, and for staff to use to either commute to work or try at home, form a small part of our company’s sustainable aims.  The purchase, anyway, stands up on costs grounds alone.”

The bank has been able to reduce taxi fare costs and it will be able to reduce the number of car parking spaces it makes available in due course.

Julian Winser, Chief Executive Officer of Schroders Private Banking in Guernsey, shows off the new company PowaCycle Electric bicycle available to company employees to borrow to take them to meetings around Town (click image to expand - ©RLLord)

Schroders Private Banking Chief Executive and Guernsey Chamber of Commerce President Julian Winser used one of the company’s Powacycles to travel to the Guernsey Chamber of Commerce seminar at The Old Government House hotel in St. Peter Port.

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