Canadian Tire Corporation, Limited - Environmental, Social and Governance

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2022 ESG Report Summary 2022 Climate Data Supplement 2022 SASB Index

This report outlines our approach to ESG topics and focuses on those we have identified as being most relevant and important to our enterprise and to our stakeholders. These ESG topics are organized under four pillars: People & Community, Environment, Responsible Sourcing and Governance.

We are committed to ensuring that our stakeholders are informed about, and engaged in, our ESG journey. Not only does this help spur collective action, but it also holds us accountable for delivering on our ESG strategies and goals. Certain aspects of our ESG-related activities have been published in our Report to Shareholders, Annual Information Form and Management Information Circular. We also report to CDP, a global environmental disclosure system.

This report also marks our first time reporting against the standards of the Sustainability Accounting Standards Board (SASB), an independent standards-setting organization. The SASB standards, which are organized by industry, provide comparable sustainability metrics for public companies to disclose information that is useful for investors to make decisions. For our first SASB index, we are reporting against the Multiline and Specialty Retailers & Distributors industry standard, which SASB has identified as CTC’s primary Sustainable Industry Classification System industry, along with select indicators from the Apparel, Accessories & Footwear and Consumer Finance industry standards. As we continue to build on our ESG reporting maturity, we will consider additional industry standards for future reporting. Download our 2022 SASB Index and visit SASB’s website to learn more about their standards.

As we progress along our ESG reporting journey, we are monitoring regulatory developments and reviewing the applicability of other ESG-related frameworks, including the Financial Stability Board’s Task Force on Climate-related Financial Disclosures and the International Sustainability Standards Board standards.

We have been sharing information about our community impact and environmental sustainability progress for many years. You can access these previous reports in our Report Archive below.

Two people on mountain sporting Helly Hansen apparel and equipment

Learn more about Helly Hansen’s ESG efforts

Helly Hansen is our international wholesale and retail business headquartered in Norway. Founded in 1877, Helly Hansen develops professional-grade apparel that helps people stay and feel alive. Its outerwear, base layers, sportswear and footwear is sold in more than 40 countries and is trusted by outdoor professionals and enthusiasts around the world. Through insights drawn from living and working in some of the world’s harshest environments, Helly Hansen has developed a long list of first-to-market innovations in its product assortment.

The Helly Hansen team has a long history of working in sustainability. In 2022, their ESG efforts included a pilot to improve the traceability of materials in their supply chain, partnerships with organizations like the Sustainable Apparel Coalition and initiatives to promote responsible outdoor recreation. Learn more about Helly Hansen’s ESG efforts by reading their Report on Responsible Business Conduct.

Learn more about CT REIT’s ESG efforts

CT REIT is an unincorporated, closed-end real estate investment trust formed in 2013, which owns, develops and leases income-producing commercial properties across Canada, primarily occupied or anchored by Canadian Tire stores. As of December 31, 2022, CTC held a 68.7% effective interest in CT REIT. In addition to collaborating with CTC, CT REIT undertakes many of its own ESG initiatives, including the announcement of its first net zero¹ building, community philanthropy and collaboration with many of its tenants on energy, water and waste audits.

CT REIT’s first public Global Real Estate Sustainability Benchmark (GRESB) assessment was published in 2022 covering 2021 data. GRESB is an ESG benchmarking tool specific to real estate that collects, validates and scores ESG data to provide comparable analyses of ESG activities. This assessment allows CT REIT’s ESG journey to be compared to other real estate peers and establishes the foundation by which it will advance its efforts. Learn more about CT REIT’s ESG efforts by reading its 2022 ESG Report.

About our current ESG report

Scope

Our 2022 ESG Report is focused on the activities and outcomes of CTC and all entities controlled by it during the 2022 fiscal year (January 2 to December 31, 2022), and unless otherwise indicated, information in this ESG Report should be read as applying to that period. Given the timing of its publication, this report also includes some updates that occurred in 2023, primarily resulting from significant work completed in 2022. Where relevant and appropriate, we have also included stories and achievements from Canadian Tire Jumpstart Charities, Dealers, franchisees and agents.

Unless otherwise indicated, all references to employees across our ESG reporting include full-time and part-time employees of CTC, and do not include employees of Dealers, franchisees or agents.

Assurance

We received third-party limited assurance with respect to certain metrics in our 2022 Climate Data Supplement, which are explained further in this limited assurance statement. We did not seek or receive external assurance from third parties with respect to other information.

Forward-looking Information

Certain statements made in our ESG Report, including those related to our ESG targets and strategies, may constitute forward-looking information within the meaning of applicable securities laws. Such statements include, but are not limited to, the Corporation’s 2030 GHG emissions reduction target. The Company is not required under securities laws to prepare or file this ESG Report, and the information contained herein should therefore not be read as necessarily rising to the same level of materiality of disclosure required in our securities law filings. These statements are being provided for the purposes of assisting readers in understanding our approach to key ESG topics, strategies and initiatives, and in obtaining a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Although CTC believes that the forward-looking information in this ESG Report is based on information, assumptions and beliefs that are current, reasonable and complete, this information is necessarily subject to a number of factors, risks and uncertainties, which could cause actual results to differ materially from management’s expectations and plans as set forth in such forward-looking information. For more information on the risks, uncertainties and assumptions that could cause CTC’s actual results to differ from current expectations, refer to section 11.0 (Key Risks and Risk Management) of the Company’s 2022 Management’s Discussion and Analysis as well as CTC’s other public filings, available at www.sedarplus.ca and at https://investors.canadiantire.ca.

Unless otherwise indicated, the forward-looking information contained in this ESG Report describes our current expectations and, accordingly, is subject to change after the initial publication of this ESG Report on September 6, 2023. CTC does not undertake to update any forward-looking information, whether written or oral, that may be made from time to time by the Company, or on its behalf, to reflect new information, future events or otherwise, except as is required by applicable securities laws.

Report Archive

We issued our first enterprise-wide ESG Report in 2022, covering fiscal year 2021. Prior to the publication of that report, we issued stand-alone community impact and environmental sustainability reports. Those reports can be accessed here:

Select year:

Glossary

Term	Definition
Board	Refers to the CTC Board of Directors.
Canadian Tire	Refers to the general merchandise retail and services business carried on under the Canadian Tire name and trademarks.
CT REIT	Refers to the business carried on by CT Real Estate Investment Trust and its subsidiaries.
CTC or the Company	Refers to Canadian Tire Corporation, Limited, its predecessor corporations and all entities controlled by it and their collective businesses, unless the context otherwise requires.
Dealers	Refers to independent third-party operators of Canadian Tire and Party City stores across the country.
DIB	Refers to diversity, inclusion and belonging.
ESG	Refers to environmental, social and governance, and encompasses the range of issues a company manages that are related to sustainable development, including environmental protection, social responsibility and good governance.
Helly Hansen	Refers to the international wholesale and retail businesses carried on under the Helly Hansen and other related names and trademarks
Jumpstart	Refers to Canadian Tire Jumpstart Charities.
Mark's	Refers to the retail and wholesale businesses carried on by Mark’s Work Wearhouse Ltd. under the Mark’s and L’Équipeur names and trademarks.
Party City	Refers to the party supply business that operates under the Party City name and trademarks in Canada.
Supplier	Refers to a party that provides goods or services anywhere within our value chain.
Vendor	Refers to suppliers along our value chain from whom we directly purchase goods or services.

Note on trade names, trademarks and service marks

This ESG Report contains trade names, trademarks and service marks of CTC and other organizations, all of which are the property of their respective owners. Solely for convenience, the trade names, trademarks and service marks referred to herein appear without the ® or TM symbol.

¹ CT REIT’s net zero development will meet the specifications of the Canada Green Building Council with respect to both its design and construction, and its operational performance.

Unless otherwise indicated, information in this ESG Report is provided for the 2022 fiscal year. For further information on our approach to ESG reporting, including our Glossary, which sets out definitions of capitalized terms and acronyms that are not otherwise defined on this page, and our forward-looking information disclaimer, please click here.

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