Canadian Tire Corporation, Limited - Environmental, Social and Governance

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.

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.

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.

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Environment

Overview

Learn more about our approach to the environment: