Canadian Tire Corporation, Limited - Environmental, Social and Governance

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2021 ESG Report Summary 2021 Climate Data Supplement

We Are Here to Make Life in Canada Better, and our ESG strategy is a critical component of living up to that Brand Purpose. This year, we are publishing our first ESG Report, outlining our approach to ESG topics and focusing on those we have identified as being most relevant and important to our enterprise and to our stakeholders. These ESG topics are currently organized under four pillars: People & Community, Environment, Responsible Sourcing and Governance.

We are committed to ensuring 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. To that end, we plan to report on our ESG progress on an annual basis going forward.

In developing our approach to ESG reporting, we referenced frameworks such as the Global Reporting Initiative, among others. 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 the CDP, a global environmental disclosure system.

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, Sustainability Accounting Standards Board standards and International Sustainability Standards Board standards.

While this year marks our first enterprise-wide ESG Report, 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.

About our current ESG report

Scope

Our 2021 ESG Report is focused on the activities and outcomes of CTC and all entities controlled by it during the 2021 fiscal year (January 1 to December 31, 2021), and unless otherwise indicated, information in this ESG Report should be read to apply to that time period. In light of the publication timing, this report also includes some updates that occurred in 2022, primarily as a result of significant work completed in 2021. Where relevant and appropriate, we also included stories and achievements from Canadian Tire Jumpstart Charities and our Dealers, franchisees and agents, all of whom we have close working relationships with, despite operating independently.

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 CT REIT, Dealers, SportChek franchisees, Mark's franchisees and Canadian Tire Petroleum agents.

Assurance

We received external third-party assurance with respect to our 2021 Climate Data Supplement claims and assertions, and certain waste metrics, 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 under applicable securities laws. Such statements include, but are not limited to, the Corporation’s 2030 GHG emissions reduction target and 2022 operational waste diversion 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 10.0 (Key Risks and Risk Management) of the Company's 2021 Management’s Discussion and Analysis as well as CTC’s other public filings, available at www.sedar.com 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 15, 2022. 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.
Canadian Tire Financial Services	Refers to the business carried on by the Company’s financial services subsidiaries, namely Canadian Tire Bank.
Canadian Tire Petroleum	Refers to the retail petroleum business carried on under the Canadian Tire and Gas+ names 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.
ERGs	Refers to employee resource groups.
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 that operate under the Helly Hansen and Musto brands.
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.
PartSource	Refers to stores operated under the PartSource name and trademark.
SportChek	Refers to the retail business carried on by FGL Sports Ltd., including stores operated under the SportChek, Sports Experts, Atmosphere, National Sports, Sports Rousseau and Hockey Experts names and trademarks.

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.

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