Peloton Releases Second Annual Environmental, Social, and Governance Report
Peloton Interactive Inc. (NASDAQ: PTON) today announced the publication of its second annual ESG report outlining recent progress made in its fiscal year 2022. The report shares key updates across social and environmental initiatives and introduces a new Impact Framework articulating Peloton’s approach and commitment to supporting the well-being of its people, communities, and planet.
During a year of transformation, the company has remained committed to ESG as a key component of its growth strategy.
“Since our inaugural ESG report we have made hard strategic choices, but we never lost our focus on our Members or our passion for our mission.” said Barry McCarthy, CEO and President of Peloton. “As we pivot from transformation and once again focus on growth, we see ESG as an area of our business rich with opportunities to show up, through innovation, value creation, connection, and importantly, community.”
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Environmental sustainability targets
Peloton continued to make progress on its environmental sustainability program and delivered on its commitment to announce an initial set of targets. The targets include a commitment to source 100% renewable electricity for its direct operations by 2026, release product carbon footprints for key connected fitness products by 2024, and expand circular business models such as the Peloton certified pre-owned pilot.
In line with its commitment to transparency, the company elevated its climate-related disclosures by reporting to global environmental disclosure platform CDP and disclosing carbon emissions across its value chain. These efforts support Peloton’s ongoing commitment to actively engage with its broader stakeholder community and continuously strengthen its transparency on key areas of importance, including climate.
Inclusive and accessible Member experiences
As a company grounded in community, ensuring that Members feel connected and supported is an integral part of Peloton’s business. Peloton has continued to progress key initiatives focused on creating inclusive and accessible experiences, welcoming its Members to show up as they are. Key highlights included:
- Welcoming Peloton’s first adaptive training instructor and launching an adaptive training collection
- Activating new accessibility features across Bike/Bike+ and Tread, geared toward meeting the needs of Members living with visual, hearing, and mobility impairments
- Piloting new and proprietary research to better understand Member experiences and sentiment on topics of inclusion, representation, community, and accessibility.
An update on the Peloton Pledge
This year also marked the two year anniversary of the Peloton Pledge, the company’s ongoing commitment to combat systemic inequity and promote global health and wellbeing. Through work with its social impact partners, Peloton has directly impacted the lives of 10,000 individuals across its five markets (U.S., Canada, UK, Germany, Australia) and supported life-affirming changes in knowledge, attitudes, and behaviors around physical fitness and mental health.
Within its own business, Peloton is making strides in integrating equity across its operations. The company completed its first global pay equity study, which revealed no statistically significant pay gaps, and announced a new commitment to conduct the study annually and maintain 100% pay equity across gender and race/ethnicity.
As a company that strives to help others be the best version of themselves, Peloton holds itself to the highest standard. Looking towards the future, in an effort to continue to operate with honesty and integrity, Peloton will continue to publish its ESG report annually providing updates on its commitments and new practices. The full ESG report can be found here.