The 34-year-old will now enter a ninth season as captain of the club, with Collingwood confirming Pendlebury's appointment on Wednesday.
Pendlebury has amassed a club record 183 matches as the Magpies' captain since being appointed to the role for the 2014 season.
The Collingwood veteran expressed his pride in being named as captain of the club for another 12 months.
“It is, and always has been, a great honour to lead the team and stand for everyone who loves the black and white,” Pendlebury said.
Words from @flybags4 as he announces Pendles as skipper for 2022:
— Collingwood FC (@CollingwoodFC) January 19, 2022
“But I’ve got added motivation this year, my ninth in the role, which is to assist the new coaching panel to develop what is a relatively young squad.
“There’s no shortage of strong and emerging leaders in our group and this year we’ll take the opportunity to further develop those players as future leaders and, as a group, we have a role to play in the education of something like 20 or 21 first, second or third year players.”
The five-time Copeland Trophy winner is also the all-time games record holder for Collingwood, and will continue to add to his 334-game career in black and white this year after signing a two-year extension late last year.
The Magpies are yet to confirm the remainder of their leadership group for the season ahead, with an official announcement to be made in the coming weeks.