Sleep Number Announces Ongoing Sustainability Initiatives
April 27 2022 - 9:00AM
Business Wire
Sleep technology leader to convert many of its
real estate locations to solar energy.
Today Sleep Number Corporation (Nasdaq: SNBR), the sleep
health, science, research and innovation leader, announced a new
nationwide sustainability initiative. With a goal of building a
more environmentally conscious company, Sleep Number is
transitioning much of its operational footprint to renewable
energy, advancing the company’s sustainability goals as a
participant to the United Nations Global Compact.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220427005137/en/
Sleep Number is converting most of its
locations to renewable energy, including its Minneapolis
headquarters. (Photo: Business Wire)
Sleep Number expects to convert most of its 650 retail stores
and distribution centers to solar energy. The initiative has
already started in Sleep Number’s California assembly distribution
center (ADC), Minneapolis headquarters and Minnesota ADC.
Additional near-term projects include facilities in Texas, Florida
and Ohio. The company is targeting 75% solar conversion, with
approximately 20% of its energy usage converted to solar by the end
of the year. The projected investment for this year is nearly $5
million.
Fellow Minnesota-based company Blue Horizon Energy will provide
strategic support and execute the initiative. Because of the
variety of real estate sizes and locations that Sleep Number
occupies, Blue Horizon will design customized solar solutions that
will meet Sleep Number’s needs. Sleep Number is working on
additional sustainability initiatives following the solar project,
which may include landfill reduction, lighting adjustments and
others.
“Converting to solar energy is an important step in our
dedication to improve the health and wellbeing of society,” said
Shelly Ibach, President and CEO, Sleep Number. “Our ongoing ESG
priorities are integrated into our strategy, culture, and
operations, and are aligned with our pursuit of superior value
creation that benefits all stakeholders. We are committed to
sustainability and reducing our environmental footprint.”
“Becoming more energy efficient and reducing energy-related
emissions is a priority for companies of all sizes. These changes
are driven by demands from employees, consumers and other
stakeholders for a less wasteful, more environmentally friendly
economy,” says Griffin Dooling, CEO of Blue Horizon Energy. “For
large organizations, moving toward clean energy can be challenging
across a mixed-format, multi-state real estate portfolio. Our
development team works with these organizations to evaluate and
execute customized outcome-focused solutions. We’re proud to
partner with Sleep Number on building a more sustainable future
across their business.”
About Sleep Number
Individuality is the foundation of Sleep Number. Our purpose
driven company is comprised of over 5,500 passionate team members
who are dedicated to our mission of improving lives by
individualizing sleep experiences. We have improved over 14 million
lives and are positively impacting society’s wellbeing through
higher quality sleep.
Our award-winning 360® smart beds are informed by science. They
learn from over one billion sleep sessions of highly-accurate, real
world sleep data – the cumulation of 14 billion hours’ worth - to
automatically adjust to each sleeper and provide effortless comfort
and proven quality sleep. Our 360 smart beds deliver individualized
sleep health reports and insights, including a daily SleepIQ®
score, and are helping to advance meaningful sleep health solutions
by applying sleep science and research.
For life-changing sleep, visit SleepNumber.com or one of our 650
Sleep Number® stores. More information is available on our newsroom
and investor relations sites.
Forward-looking Statements
Statements used in this news release relating to future plans,
events or performance, such as statements about plans to invest in
renewable energy, are forward-looking statements subject to certain
risks and uncertainties. Additional information concerning these
and other risks and uncertainties is contained in the company’s
filings with the Securities and Exchange Commission (SEC),
including the Annual Report on Form 10-K, and other periodic
reports filed with the SEC. The company has no obligation to
publicly update or revise any of the forward-looking statements in
this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220427005137/en/
Julie Elepano Sleep Number Public Relations
Julie.Elepano@sleepnumber.com
Michael Deering Blue Horizon Energy 612-360-7789,
michael@superstarpr.com
Sleep Number (NASDAQ:SNBR)
Historical Stock Chart
From May 2024 to Jun 2024
Sleep Number (NASDAQ:SNBR)
Historical Stock Chart
From Jun 2023 to Jun 2024