Peloton Releases 2nd ESG Report
The release of Peloton Interactive Inc.’s second annual ESG report, which summarises current developments in its fiscal year 2022, was announced. Key updates on social and environmental activities are shared in the report, which also presents a new impact framework outlining Peloton’s philosophy and dedication to promoting the welfare of its employees, communities, and the environment.
The business has maintained its commitment to ESG as a crucial element of its growth plan throughout a year of transformation.
Barry McCarthy, CEO and President of Peloton, said, “Since our first ESG report, we have taken difficult business decisions, but we never lost our focus on our Members or our passion for our goal.” We see ESG as an area when we shift from transformation and once more concentrate on growth.
Objectives for environmental sustainability
Peloton kept moving forward with its environmental sustainability programme and kept its promise to present a preliminary set of goals. Among the goals are pledges to use only renewable energy for its direct operations by 2026, to publish product carbon footprints for important connected fitness items by 2024, and to grow circular business models like the Peloton certified pre-owned pilot.
The company increased its climate-related disclosures by reporting to the international environmental disclosure platform CDP and disclosing carbon emissions throughout its value chain in keeping with its commitment to transparency. These initiatives support Peloton’s ongoing dedication to actively interact with its larger stakeholder group and consistently improve its transparency on crucial issues, such as climate change.
Accessible and inclusive Member encounters
Making sure that Members feel connected and supported is a key component of Peloton’s operations as a company with a strong sense of community. In order to create inclusive and accessible experiences, Peloton has continued to advance important initiatives, encouraging its Members to attend in their natural selves. Important details included:
introducing Peloton’s first instructor for adaptive training and establishing a line of adaptive training
enabling additional accessibility capabilities for Tread, Bike, and Bike+ in order to serve the needs of Members with hearing, vision, and mobility limitations
launching novel and exclusive study to better comprehend Member sentiment and experiences about accessibility, community, representation, and inclusion.
The Peloton Pledge, the business’s continued commitment to fight structural injustice and advance global health and wellbeing, celebrated its second anniversary this year. Peloton has directly impacted 10,000 people’s lives through work with its social impact partners in its five markets (the United States, Canada, the United Kingdom, Germany, and Australia) and supported life-affirming changes in knowledge, attitudes, and behaviours related to physical fitness and mental health.
Peloton is making progress within its own company to incorporate equity into all aspects of its operations. The company declared a new commitment to do the study annually and maintain 100% pay parity across gender, race, and ethnicity after completing its first worldwide pay equity study, which indicated no statistically significant pay differences.