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Sleep Number Corp. Announces 2023 Sustainability Report

March 20, 2023  by HFBusiness Staff in Business Strategy, Industry   

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.

“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.