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.
"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."
The 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.
Key takeaways from the ESG report include:
- Peloton 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.
About Peloton
Peloton is the leading interactive fitness platform in the world
with a loyal community of more than 5.9 million Members. The
company pioneered connected, technology-enabled fitness, and the
streaming of immersive, instructor-led boutique classes for its
Members anytime, anywhere. Peloton makes fitness entertaining,
approachable, effective, and convenient, while fostering social
connections that encourage its Members to be the best versions of
themselves. An innovator at the nexus of fitness, technology, and
media, Peloton has reinvented the fitness industry by developing a
first-of-its-kind subscription platform that seamlessly combines
the best equipment, proprietary networked software, and world-class
streaming digital fitness and wellness content, creating a product
that its Members love. The brand's immersive content is accessible
through the Peloton Bike, Peloton Tread, Peloton Bike+, and Peloton
App, which allows access to a full slate of fitness classes across
disciplines, on any iOS or Android device, Apple TV, Fire TV, Roku
TVs, and Chromecast and Android TV. Founded in 2012 and
headquartered in New York City,
Peloton has a growing number of retail showrooms across the US, UK,
Canada, Germany and Australia. For more information, visit
www.onepeloton.com.
Forward Looking Statements
This press release contains aspirations, initiatives, and
forward-looking statements ("Forward-Looking Statements") within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which involve risks and uncertainties and which are
statements other than statements of historical facts and statements
in the future tense. These statements include, but are not limited
to, statements regarding our business, our business strategies and
plans, our ESG initiatives, strategies and plans, and our
objectives and future operations. In some cases, you can identify
Forward-Looking Statements by terms such as "aim," "may," "will,"
"should," "expect," "believe," "plan," "anticipate," "could,"
"intend," "target," "project," "contemplate," "believe,"
"estimate," "predict," "potential," "seeks," or "continue" or the
negative of these terms or other similar expressions, although not
all Forward-Looking Statements contain these words.
You should not rely on these forward-looking statements as they
involve risks and uncertainties that may cause actual results to
vary materially from the forward-looking statements. For more
information regarding the risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in these forward-looking statements, as well as risks relating to
our business in general, we refer you to the "Risk Factors" section
of our Securities and Exchange Commission (SEC) filings, including
our most recent Form 10-K and 10-Q, which are available on the
Investor Relations page of our website at
https://investor.onepeloton.com/investor-relations and on the SEC
website at www.sec.gov.
All Forward-Looking Statements contained herein are based on
information available to us as of the date hereof and you should
not rely upon Forward-Looking Statements as predictions of future
events. The events and circumstances reflected in the
Forward-Looking Statements may not be achieved or occur. Although
we believe that the expectations reflected in the Forward-Looking
Statements are reasonable, we cannot guarantee future results,
performance, or achievements. We undertake no obligation to update
any of these Forward-Looking Statements for any reason after the
date of this report or to conform these statements to actual
results or revised expectations, except as required by law. Undue
reliance should not be placed on Forward-Looking Statements
Media Contact:
Letena Lindsay, Vice President, Global
Communications
press@onepeloton.com
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SOURCE Peloton