Our Commitment

In June 2020, we made a bold commitment to become an antri-racist organization. In that pivotal moment in history, we recognized the enormous responsibility to do our part to combat systemic racism and announced the Peloton Pledge - our concrete action plan to combat systemic inequities and amplify change both in our company and our community. Over the past two years, we’ve continued to challenge ourselves and endeavored to make progress against our goals.

The journey has not been a straight path and, in 2022, we reoriented our business and transitioned our teams to a new reality. This transformation has presented an opportunity for us to reaffirm our values and through that process reimagine our approach to the Pledge. We remain steadfast in our efforts to use our resources, platform, and influence to help change our society for the better—into a place where everyone can and will thrive.

While our approach has evolved, our destination remains the same. We recognize the longstanding injustices and inequality in our society, and know that to achieve lasting change we must proactively work to reduce persistent disparities with a particular emphasis on those experienced in our Black communities. This is the work of anti-racism.

This kind of important work starts from the inside out, and our highest level of responsibility on this ongoing journey is to our own team members. In order to do what is right for the world, we must ensure that we are doing right by our team who works tirelessly to foster and execute on our Members-first philosophy.

In an effort to make a real impact—internally at Peloton, within our community of millions of Members around the world, and with the Black community at large—we commit to investing and delivering impact across five areas to fight racial injustice and inequity:

1. We will continue to offer a starting hourly rate of no less than $19.00 USD for all hourly non-sales commissioned roles and equally competitive entry rates for equivalent roles in all other markets where we operate. We also commit to 100% pay equity for our team and will continue to conduct a global pay equity study across gender and race/ethnicity on an annual basis and address any discrepancies.

2. With a focus on equity, we will continue investing in and offering a series of robust internal learning and development programs for our team members across all levels of the business, job types, and locations. This is an evolution from our original commitment, which focused on learning and development opportunities for hourly team members. Looking ahead, we plan to introduce new initiatives, resources and learning opportunities designed to support internal mobility, individual growth, and ongoing skills development - all the while applying an equity lens as we step through this work.

3. We pledge to continue supporting leading, action-oriented organizations addressing systemic racism through partnerships that drive real, sustainable transformation. Starting in Fiscal 2024, we will be moving away from a fixed giving budget over a finite period of time to an ongoing, evergreen commitment to donate 1% of our operating income before tax. We will continue to dedicate the majority of our giving budget to Pledge partnerships and work closely with our partners to leverage Peloton’s full suite of assets, including non-monetary resources, to support their work.

4. We commit to doing our part to democratize access to fitness and cultivate a diverse and inclusive Member community. To evaluate progress on this commitment, we will regularly track and report sentiment around inclusion, community, and representation across our Member community. We will apply these learnings to how we research, design, and create products, content, and experiences.

5. We commit to becoming a truly anti-racist organization and delivering on our robust, long-term agenda of diversity and inclusion goals, including providing anti-racism learning opportunities at all levels of the company, continuous review and report of diversity data, and the implementation of bias-mitigating strategies in all key points of the employee lifecycle (hiring, reviews, promotion, and more). We have a lot to do here, and this is our shared responsibility.

“Together we go far” means that we are greater than the sum of our parts, stronger collectively when each one of us is at our best. The Pledge embodies this belief because we know that the journey to combat systemic inequity is a journey best traveled in community, and must be led from the inside out. We remain grateful for the determination our team members and partners bring to this work every day to make progress toward a world we can feel proud of - one that is equitable, kind, and a truly inclusive place for all.

Read more about how we’re bringing the Pledge to life in our most recent ESG report.