Insulet’s 2023 Sustainability Report Highlights Commitment to Product Accessibility and Responsible Growth

Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod brand of products, today released its 2023 Sustainability Report, which describes key accomplishments in environmental, social, and governance (ESG) areas in 2023. The report outlines how the Company’s efforts to focus on sustainability through product accessibility and responsible growth have generated value for our stakeholders.

“We understand the importance of aligning our sustainability goals with the needs of our customers,” said President and CEO, Jim Hollingshead. “As we execute our mission to improve the lives of people with diabetes, we are not only addressing their health and lifestyle challenges, but also creating opportunities for positive change in our communities and for the planet. Our commitment to sustainability underscores everything we do.”

In 2023, Insulet made significant progress in three key areas:

• Affordability and Accessibility

Insulet reached more customers with its flagship innovation, the Omnipod 5 Automated Insulin Delivery System, in the U.K. and Germany and now serves approximately 425,000 active global customers using Omnipod products. The Company also expanded its U.S. financial assistance program to make Pod therapy more accessible to people with diabetes. Insulet continued to build coverage through the pharmacy channel, which reduces the typically high upfront cost of traditional pump therapy.

• Resilient Operations

The Company made significant progress in building resilient operations through the generation of renewable energy. A second solar installation was completed at Insulet’s manufacturing facility and corporate headquarters in Acton, Massachusetts, creating an 802kW increase in potential renewable energy generation. Insulet also increased its waste diversion rate from landfill or incineration by 8%.

• Sustainable Product Innovation

Insulet continued to improve the sustainability of its products and packaging. The Company completed multiple cross-functional projects in 2023 to reduce product manufacturing waste, which will result in an annual reduction of ~260,000 pounds of plastic and ~46,000 pounds of silicone. Circular design principles were applied to the lifecycle of Omnipod products, including packaging, to reduce the amount of waste created. A re-designed Omnipod 5 starter kit launched in the U.S., reducing the package’s carbon footprint by 77% compared to the original design. Insulet has also collected 5.9 million Pods through global product takeback programs.