Our Approach to ESG

ESG Oversight

At the Board level, oversight of our ESG strategy and risk management is the responsibility of the Board’s Brand and Corporate Responsibility Committee, which coordinates with the other committees of the Board as needed. The Brand and Corporate Responsibility Committee’s ESG responsibilities include:

• monitoring emerging trends, risks, issues and regulations in relation to ESG topics;
• reviewing and approving management’s ESG objectives and strategies;
• monitoring the Company’s progress towards achieving its ESG targets, goals and commitments; and
• approving the Company’s ESG reporting.

Some highlights of the Brand and Corporate Responsibility Committee’s work in 2021 include:

• overseeing the development of our Brand Purpose and the role that ESG topics play in achieving that purpose;
• evaluating a strategic framework that articulates the integration of our Brand Purpose and ESG strategies within the Company’s overall business strategy;
• assessing emerging signature ESG strategic initiatives;
• aligning with management on the ESG topics material to the Company; and
• evaluating our progress against our 2022 targets for reducing greenhouse gas emissions.

ESG Management

At CTC, our leaders develop and implement ESG strategies relevant to their businesses and areas of expertise, aligned to our overall corporate ESG goals and objectives. For example, the Human Resources team leads our diversity, inclusion and belonging initiatives, our Real Estate team leads decarbonization of the buildings we own or operate, our Transportation team leads decarbonization of our transportation fleet, and our Owned Brands team leads sustainable product design.

Executive oversight of our ESG program is the responsibility of the Executive ESG Council. The Executive ESG Council is made up of the following cross-functional CTC leaders, whose responsibilities range from addressing the interests of our primary stakeholders to managing our enterprise risk profile: the Chief Financial Officer; Executive Vice-President, CTC, Strategic Advisor and General Counsel; Chief Brand and Customer Officer; Chief Human Resources Officer; Chief Risk Officer; Senior Vice-President, Communications; and Senior Vice-President, Marketing and Brand, who leads the ESG Strategy team.

Ensuring that our ESG strategies are developed and integrated is the responsibility of our Chief Brand and Customer Officer. The ESG Strategy team works closely with all banners and functions across the enterprise, providing support to bring our ESG strategies to life.