Energy Efficiency, GHG Emissions, Industrial - November 5, 2024
Peloton to Submit Goals to SBTi in 2025
Exercise equipment manufacturer Peloton is on track to submit its emissions-reduction targets to the Science Based Targets initiative (SBTi) by the end of 2025.
These targets will guide the company’s efforts to reduce carbon emissions and align with global climate goals.
Peloton is working toward sourcing 100% renewable energy for its global operations by the end of FY26. In FY24, the company procured renewable energy certificates to cover about 80% of its global energy use.
As published in its fourth annual ESG report, the company is making strides towards its circularity goals by keeping connected fitness products in use through its refurbished and rental programs, as well as implementing new developments to support repairs and serviceability. In addition, the company completed its first-ever product carbon footprint assessment for the Peloton Bike.
“At Peloton, we are reshaping how millions engage with fitness and wellbeing and are committed to making physical fitness and mental health more accessible to everyone,” said Karen Boone, Interim CEO and President, in a statement. “By supporting the wellbeing, development, and growth of our global team members, and advancing our environmental sustainability efforts, we are taking action to create lasting impact. Our latest ESG report showcases the strides we’re making towards our goals while continuing to innovate and deliver the best fitness experiences to our members. As we pursue a more equitable, healthy, and sustainable future, we remain dedicated to accountability and transparency in every step of this journey.”
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