NEW YORK, NY / ACCESSWIRE / November 2, 2022 / Peloton Interactive Inc. (NASDAQ:PTON) has announced the publication of its second annual ESG report outlining recent progress for fiscal 2022. This report shares key updates across social and environmental initiatives and introduces a new impact framework that articulates Peloton’s approach and commitments. Support the well-being of people, communities and the planet.
During its transformative year, the company has continued to address ESG as a key component of its growth strategy.
“Since our first ESG report, we have made difficult strategic choices, but we have never lost interest in our members or passion for our mission,” said Barry McCarthy, CEO and President of Peloton. said like this. “As we shift away from transformation and refocus on growth, we see ESG as an area of our business rich in opportunities to emerge through innovation, value creation, connectivity and, importantly, community. increase.”
Environmental Sustainability Goals
Peloton has delivered on its promise to continue advancing its environmental sustainability program and announce its first set of goals. Goals include sourcing 100% renewable electricity for direct operations by 2026, freeing the product carbon footprint of leading connected fitness products by 2024, and using Peloton-certified pre-pilots, such as It includes a commitment to expanding circular business models.
In line with its commitment to transparency, the company has enhanced its climate-related disclosures by reporting to CDP, a global environmental disclosure platform, and disclosing carbon emissions across its value chain. These efforts support Peloton’s ongoing commitment to actively engage with a broader community of stakeholders and to continually enhance transparency in key areas, including climate.
Comprehensive and accessible member experience
As a community-based company, making our members feel connected and supported is an integral part of Peloton’s business. Peloton continues to drive major initiatives focused on creating inclusive and accessible experiences, and welcomes members to show up for what they are. Key highlights include:
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Peloton Announces Adaptive Training Collection with First Adaptive Training Instructor
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We are enabling new accessibility features across Bike/Bike+ and Tread to meet the needs of members with visual, hearing and mobility impairments.
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Pilot a new original survey to better understand member experiences and sentiments on the topics of inclusion, representation, community and accessibility.
Peloton Pledge Update
This year also marked the second anniversary of the Peloton Pledge, the company’s ongoing commitment to combat systemic inequalities and promote global health and well-being. Social Impact Through working with his partners, Peloton directly impacts the lives of his 10,000 people in five markets (US, Canada, UK, Germany and Australia), developing knowledge, attitudes and behaviors related to physical fitness and mental health. Supporting life-affirming changes. health.
Peloton is in the process of consolidating equity across its businesses within its own businesses. Company completes first global pay equity study revealing no statistically significant pay gaps, conducts annual survey, maintains 100% pay equity across gender and race/ethnicity announced a new initiative to
As a company striving to help others become the best version of themselves, Peloton holds to the highest standards. Looking forward and continuing to operate with integrity and integrity, Peloton will continue to publish his ESG report annually to provide an update on our commitments and new practices. Read the full ESG report here.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release are statements of historical fact other than statements of historical fact. This includes, but is not limited to, statements regarding the implementation and expected benefits of our restructuring initiatives and cost-cutting measures, our future performance and financial position, our business strategies and plans. , market growth, future business objectives, social responsibility and his ESG initiatives. In some cases, “aim”, “could”, “would”, “should”, “expect”, “believe”, “plan”, “anticipate”, “could” is, ‘intends’, ‘aims’, ‘plans’, ‘considers’, ‘believes’, ‘estimates’, ‘predicts’, ‘could’, ‘seeks’, or “Continue” or the negation of or similar terms to these terms. However, not all forward-looking statements include these terms.
These forward-looking statements are future events that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. and based on our current expectations and forecasts regarding trends. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors that could cause actual results to differ materially from those stated. our ability to attract and retain subscribers; our ability to accurately forecast consumer demand for our products and services and to maintain appropriate inventories; our ability to execute and achieve the expected benefits of restructuring initiatives and other cost-saving measures; Ability to manage growth effectively. Ability to anticipate consumer preferences and develop and offer new products and services in a timely manner, or effectively manage the introduction of new or enhanced products and services. demand for our products and services and the growth of the connected fitness products industry; Reliance on a limited number of suppliers, contract manufacturers and logistics partners for connected fitness products. our reliance on and lack of control over our connected fitness product suppliers, contract manufacturers and logistics partners; Ability to anticipate long-term declines in performance and revenue growth as the business matures. the effects of increased competition in our markets and our ability to compete effectively; Declining sales of Bike and Bike+. the direct and indirect impact of the COVID-19 pandemic on our business and financial performance; Reliance on third party licenses for use of music in content. any actual or perceived defect or safety of our products, including the effects of product recalls, legal or regulatory claims, proceedings or investigations; our ability to maintain, protect and enhance our intellectual property; our ability to comply with laws and regulations that are currently or become applicable within the United States and internationally; As set forth under the caption “Risk Factors” in the Annual Report on Form 10-K for the fiscal year ended June 30, 2022, and to the rest of the Securities and Exchange Commission (“SEC”) (Available at Investor Relations) See https://investor.onepeloton.com/investor-relations and the SEC’s website at www.sec.gov.
Forward-looking statements should not be relied upon as predictions of future events. The events and circumstances reflected in forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, performance or achievements. Our forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update these forward-looking statements after the date of this press release for any reason. , or any obligation to match these statements to actual or revised results. Except as required by law,
About Peloton
Peloton (NASDAQ: PTON) is a leading connected fitness platform with a highly engaged community of nearly 7 million members worldwide. A category innovator in fitness, technology and media connectivity, Peloton’s first subscription platform seamlessly combines innovative hardware, signature software and exclusive content. Its world-renowned instructors guide and motivate members to be the best versions of themselves anytime, anywhere.Founded in 2012 and headquartered in New York City, his Peloton , and continues to expand to the UK, Canada, Germany and Australia. For more information, please visit www.onepeloton.com.
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Further information
Media contact:
Ben Boyd
press@onepeloton.com
Investor Information Contact:
Peter Stabler
investor@onepeloton.com
ESG Contact:
April Leckert
esg@onepeloton.com
See additional multimedia and other ESG storytelling from Peloton at 3blmedia.com.
Contact Information:
Spokesperson: Peloton
Website: https://www.onepeloton.com/
Email: info@3blmedia.com
sauce: Peloton
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