Commercial, Energy Efficiency, GHG Emissions, Commercial - October 25, 2023
Peloton Makes Progress on Emissions Reduction
Peloton, an exercise equipment company, made progress on lowering emissions by developing product carbon footprints for Peloton's connected fitness units.
The company also completed its first renewable energy certificate purchase, making progress towards its 2026 fiscal year goal to source 100% renewable energy for its direct operations.
Peloton also committed to set near-term targets aligned with the Science Based Targets initiative (SBTi) to address Scope 1, 2 and 3 emissions. The company continued to voluntarily report emissions via the CDP Climate questionnaire and expanded its disclosures in line with guidance from the Task Force on Climate-Related Financial Disclosures (TCFD).
These combined efforts are grounded in Peloton's goal to improve the environmental impact of its business. Details were published in its third annual environmental, social, and governance (ESG) report.
"Our ESG work is an important part of Peloton's strategy and the achievements in this year's report represent our ongoing commitment to our principles and values." said Barry McCarthy, CEO and President of Peloton, in a statement. "As we look to the years ahead, we will continue to work towards our stated goals, accelerate in places where the bar continues to rise quickly, and share progress along the way."
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