Business
Peloton Releases Inaugural Environmental, Social And Governance Report
NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Peloton (Nasdaq: PTON) today announced the publication of its first Environmental, Social and Governance (ESG) Report,
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[{"type":"text","content":"NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Peloton (Nasdaq: PTON) today announced the publication of its first Environmental, Social and Governance (ESG) Report, covering its 2021 fiscal year as well as progress from previous years. The report details the company's dedication to its external and internal communities and offers insight into how Peloton's values and business will guide its ESG objectives. \n\n \n \n \n \n \n \n\n \n\"At Peloton, we constantly scrutinize the 'how': how we create the best place to work; how we develop an incredible user experience for our Members; how we continue to build and innovate. How we do everything matters,\" said Peloton Co-Founder and CEO John Foley. \"Our commitment to our ESG goals is a big part of iterating on this idea. We care deeply about how Peloton impacts our communities, our planet, our health and our happiness, and it's our responsibility to proactively engage in what that looks like.\" \nThe report includes three core sections: Social, which outlines Peloton's support for its global team members and the brand's journey toward anti-racism, both internally and externally; Environmental, highlighting efforts to assess the company's environmental footprint and plans to mitigate it; and Governance, which outlines Peloton's structures and practices that institutionalize the integrity and accountability at the heart of its culture. \nKey takeaways from the ESG report include: \nPeloton strives to be the best place to work by nurturing a dynamic and inclusive culture, empowering team members' upward mobility, and offering best-in-class benefits and attractive compensation. The brand has taken meaningful steps to act on The Peloton Pledge, a $100 million commitment to advance anti-racism across its business and communities, and support systemic change to enable health and well-being for all. Peloton has developed a high-level sustainability strategy, underpinned by five priority aspirations, and is activating its organization to set targets in the coming year. The company is committed to operating with integrity, accountability and transparency, and to enhancing and evolving its governance practices as it grows.Peloton will publish its ESG report annually, expanding it as the brand makes progress and builds on its practices and aspirations. The full ESG report can be found here. \nAbout Pe...