Sleep Number Issues Annual Corporate Sustainability Report
March 20 2023 - 4:01PM
Business Wire
Wellness technology leader updates
environmental, social, and governance (ESG) priorities and
progress
Today, Sleep Number Corporation (Nasdaq: SNBR) announced the
publication of its 2023 Corporate Sustainability Report, which
provides a comprehensive update of the company’s environmental,
social and governance (ESG) priorities and progress. A participant
of the United Nations Global Compact (UNGC) since 2020, Sleep
Number is committed to incorporating the UNGC principles into its
strategy, culture and day-to-day operations and advancing ESG
initiatives in pursuit of sustainable, profitable growth that
benefits all stakeholders.
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Today, Sleep Number announced the
publication of its 2023 Corporate Sustainability Report, which
provides a comprehensive update of the company’s ESG priorities and
progress. (Photo: Business Wire)
“Our ESG priorities are rooted in our company’s purpose to
improve the health and wellbeing of society through higher quality
sleep, which drives us to achieve important strategic milestones
that strengthen our sleep health leadership and progress our
sustainability initiatives,” said Shelly Ibach, Chair, President
and CEO, Sleep Number. “We are proud of our thoughtful
environmental stewardship, inclusive social progress and strong
corporate governance, and we are resolute in our long-term
commitment to further integrate our efforts. I am grateful to our
Sleep Number team for their dedication to our mission and making a
positive impact every day in the lives of our customers, our
company and our planet.”
Key ESG accomplishments detailed in the report include:
- Environmental: Continued measurement of, and focus on,
reducing Scope 1 and 2 greenhouse gas (GHG) emissions and initiated
an assessment of Scope 3 GHG emissions; completed a multi-year
transition to an integrated manufacturing and distribution network
which will enable operational efficiencies and environmental
benefits, including waste reduction, cost savings and improved
customer experience for years to come;
- Social: Enterprise-wide coordination and communication
of social initiatives, including formation of a cross-functional
social impact team; financial commitments to and collaborations
with Mayo Clinic and the American Cancer Society, which may have
broad societal implications; sponsorship of multiple sleep research
studies; DE&I initiatives and more;
- Governance: Completed an initial materiality assessment
of key stakeholders to assist in company priorities; initiated
reporting to CDP, a not-for-profit considered the gold standard for
environmental reporting; ensured internal preparedness for
compliance with anticipated regulatory disclosure
requirements.
The report also acknowledges the nature of Sleep Number’s ESG
journey, identifies opportunities for future improvement and
reinforces the company’s commitment to continued ESG prioritization
in support of its consumer innovation strategy.
To view the 2023 Corporate Sustainability Report and learn more
about Sleep Number’s ESG strategy, visit our investor relations
site.
About Sleep Number Corporation
Sleep Number is a wellness technology company. Over 14 million
people have had their lives improved by our award-winning sleep
innovations and are experiencing the physical, mental and emotional
benefits of life-changing sleep performance. Our proprietary smart
beds combine the physical and digital worlds, integrating
exceptional sleep with a highly advanced digital technology
platform. This means only Sleep Number can provide a dynamic,
adjustable and adaptive sleep experience that effortlessly responds
to the needs of each sleeper. Our millions of Smart Sleepers
benefit from their smart bed changing with them, over time; it is
unique, like they are.
Our differentiated business model is guided by our purpose to
improve the health and wellbeing of society through higher quality
sleep. We partner with world-leading sleep and health institutions
to bring the power of 19 billion hours of longitudinal sleep data
to sleep science and research. Our retail experience meets our
consumers whenever and wherever they choose – through online and
in-store touchpoints. And our 5,000 mission-driven team members
passionately deliver individualized sleep experiences for
everyone.
For life-changing sleep, visit one of our 670 stores, our
newsroom and investor relations sites, or SleepNumber.com.
Forward-looking Statements
Statements used in this news release relating to future plans,
such as statements about our priorities and initiatives, including
with respect to ESG, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230320005573/en/
Julie Elepano Sleep Number Public Relations
Julie.Elepano@sleepnumber.com
Dave Schwantes Sleep Number Investor Relations
David.Schwantes@sleepnumber.com
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