Business
PELOTON RELEASES ANNUAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT
NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Peloton (NASDAQ: PTON) published its third annual environmental, social, and governance (ESG) report today,
About this update from Peloton Interactive, Inc.
[{"type":"text","content":"NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Peloton (NASDAQ: PTON) published its third annual environmental, social, and governance (ESG) report today, highlighting progress made in the 2023 fiscal year towards its social and environmental sustainability goals.\n\n \n \n \n \n \n \n\n \n\"Our ESG work is an important part of Peloton's strategy and the achievements in this year's report represent our ongoing commitment to our principles and values.\" said Barry McCarthy, CEO and President of Peloton. \"As we look to the years ahead, we will continue to work towards our stated goals, accelerate in places where the bar continues to rise quickly, and share progress along the way.\"\nHealthier planet, healthier people\nThis year, Peloton took an important step forward on climate action by committing to set near-term targets aligned with the Science Based Targets initiative (SBTi), to address Scope 1, 2 and 3 emissions. In line with its commitment to transparency, Peloton also continued to voluntarily report emissions via the CDP Climate questionnaire and expanded its disclosures in line with guidance from the Task Force on Climate-Related Financial Disclosures (TCFD).\nOther updates include progress on the development of product carbon footprints for Peloton's connected fitness units1 and expanding circular business models with Peloton Certified Refurbished and Rental programs. The company also completed its first renewable energy certificate purchase, making progress towards its 2026 fiscal year goal to source 100% renewable energy for its direct operations.\nThese combined efforts are grounded in Peloton's wider ambitions to improve the environmental impact of its business and pursue initiatives supporting a circular economy.\nAdvancing inclusive and equitable wellbeing experiences \nCore to Peloton's mission is cultivating passionate and inclusive communities, and by the 2025 fiscal year, the company aims to reach 500,000 people through global community engagement programming focused on advancing health equity in fitness and mental wellness. To achieve this, Peloton is building on two years of social impact partnerships in action through community investments, curated classes and content, and community activations.\nFrom working with Beyond Blue, one of Australia's most well-known and trusted mental health organizations, and GirlTREK,...