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Our Approach to ESG

About our business

From its origins as a single auto garage, to a national chain of over 1,700 retail stores and gas bars, Canadian Tire Corporation (CTC) has proudly served customers across Canada for over 100 years. As it has grown, CTC has consistently been at the forefront of retail innovation, with products and services designed to make life better for customers from coast to coast.

Hand holding the stem of a Maple Leaf

Our Brand Purpose

As a brand with deep roots in this country, we owe it to Canada to make it a better place for today’s generation of Canadians and for generations to come. We Are Here to Make Life in Canada Better.

Learn more about us

Our Core Values

Our Core Values help to guide our actions in pursuit of our purpose.

  • We are innovators and entrepreneurs at our core.
  • Outcomes drive us.
  • Inclusion is a must.
  • We are stronger together.
  • We take personal responsibility.

Our Business

CTC’s enterprise comprises over 34,000 employees across 13 banners and businesses. Together with our Dealers and franchisees, our size and reach enable us to make a meaningful difference in communities, both big and small, across the country and around the world. Here is a glance at who we are1:

Overview of Canadian Tire Corporation's business and key stats that make up with organization

Our approach to ESG topics

Our approach to managing environmental, social and governance (ESG) topics shapes our business practices and proactively addresses the challenges facing our industry and country. It builds on our strengths, creating a competitive edge that positions us as leaders and underscores our dedication to a better future for all Canadians.

For over a century, we have been committed to providing high-quality products and services that meet the needs of our customers and contribute to the well-being of communities across Canada. This commitment is shaped by an understanding that our country faces significant environmental, social, and economic challenges that demand our attention. Addressing these challenges is not only a responsibility; it is imperative for securing the long-term success of our business and ensuring a prosperous future for Canadians.

Investing in ESG initiatives is central to our commitment to maximizing long-term value for all our stakeholders. These initiatives focus on delivering value and convenience to our customers, strengthening communities, developing our employees, and supporting our Dealers. Our ESG approach enables us to manage risks, foster innovation, drive new revenue streams such as environmentally and socially responsible products and strengthen the fundamental environmental and social systems on which our business depends. Most importantly, our approach to ESG builds a relationship of trust with our customers, employees, and communities, so that we can continue to be here for Canadians for years to come.

Download our current reports

Download our 2022 ESG Report Summary Download our 2022 Climate Data Supplement Download our 2022 SASB Index

ESG Oversight and Management

CTC’s ESG strategies are led by our CEO, overseen by the Board of Directors, and brought to life by employees serving the various banners and functions across our group of companies.

ESG Oversight

At the Board level, primary oversight of our ESG strategies and risk management is the responsibility of the Brand and Corporate Responsibility Committee, which coordinates with the other committees of the Board. The Brand and Corporate Responsibility Committee’s ESG responsibilities include, but are not limited to:

  • Monitoring emerging trends, risks, issues and regulatory developments in relation to ESG matters
  • Overseeing the Company’s management of its priority ESG topics (including objectives, strategies, targets, goals and commitments) and the impacts thereof on the Company’s brand and reputation
  • Reviewing and, where applicable, approving the Company’s strategic ESG initiatives
  • Approving the Company’s ESG reporting

Some highlights of the Brand and Corporate Responsibility Committee’s work in 2022 include:

  • Overseeing the development and publication of our inaugural ESG Report
  • Assessing management’s progress with the Company’s ESG strategic initiatives which support the Company’s Better Connected strategy
  • Approving the Company’s 2030 emissions-reduction target (for more information, see our Climate Change section)
  • Receiving updates from management on its workforce diversity, inclusion and belonging (DIB) strategy and its Diverse Workforce Plan (for more information, see our Diversity, Inclusion & Belonging section)

ESG Management

CTC leaders develop and implement strategies that are relevant to their businesses and areas of expertise, aligned with our enterprise-wide ESG objectives. For example, our DIB team leads our diversity, inclusion and belonging initiatives, our Real Estate team leads building decarbonization, our Global Sourcing team leads initiatives with our vendors to improve environmental and social impacts in our supply chain, and our Owned Brand teams lead sustainable product design. Our Chief Brand and Customer Officer oversees the development and integration of all ESG strategies, while the ESG Strategy team collaborates closely with various teams and banners, providing support to bring our ESG strategies to life.

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:

  • Chief Financial Officer
  • Executive Vice President, CTC, Strategic Advisor and General Counsel
  • Chief Brand and Customer Officer
  • Senior Vice President, Marketing & Brand
  • Chief Human Resources Officer
  • Chief Risk Officer
  • Chief Supply Chain Officer
  • Senior Vice President, Business Architecture
  • Head of Investor Relations
  • Senior Vice President, Communications

Our ESG topics

We prioritize and focus our efforts on the ESG topics that offer the greatest potential for positive impact on both our business and society. These topics rank high in terms of importance to our Brand Purpose, impact to key stakeholders and our ability to leverage our enterprise capabilities to create meaningful change.

Stakeholder Engagement

To effectively direct our ESG efforts, we must understand the perspectives and values of our key stakeholders. Frequent and direct engagement with our stakeholders helps us understand their needs and expectations, the impact we have on the environment and society, and our unique capabilities to support positive change. We engage with our stakeholders in multiple ways: in-person meetings and events; targeted research, which includes focus groups, interviews and surveys; social media interaction; and our customer call centre. While each stakeholder group holds diverse views, our engagement efforts to date have led us to understand the following common interest areas:

Customers

Product availability and affordability; waste and circularity

Employees

A representative and inclusive work environment; development opportunities

Dealers

Product quality and availability; packaging and waste; strong local communities

Investors

Positive long-term returns through strong corporate governance and ESG leadership

Suppliers

Collaboration to advance ESG practices; support for growth and innovation

Community

Investment in growing inclusive and equitable communities

Government

Support for regulatory ESG practices in the private sector

In 2021, we engaged in a rigorous process to assess and determine our most important ESG topics. This included external research and benchmarking, a focused stakeholder engagement process, internal analysis and discussion, and alignment with senior leaders in our business. This assessment resulted in the identification of our most relevant ESG topics, which we have organized into four pillars:

Environment

We believe climate change is one of the greatest challenges of our time. As a large Canadian retailer, we have both a responsibility and the ability to foster real change in Canada. We will not only do our part to reduce our greenhouse gas emissions, but also leverage our knowledge, innovations, scale and relationships to help our partners and customers reduce their own emissions. Further, as a retailer, we know that breaking the link between consumption and waste is critical to our future success in a resource-constrained world. Decarbonization and circular solutions for materials used in our operations, products and packaging are two areas where we strive to lead in innovating, collaborating with others and championing initiatives going forward.

CTC’s priority ESG topics within this pillar are:

Landscape of lake and mountain
Group of hands joining on top of one another

People and Community

CTC can only be as strong as the people and communities we serve. We believe that business and communities help each other thrive; that diverse, inclusive and equitable societies are more stable; and that investing in our communities builds strong and resilient societies to mutual benefit. We invest in communities across Canada where we operate, which allows us to serve our customers, advance diversity and inclusion, and attract and retain talent.

CTC’s priority ESG topics within this pillar are:

Shipping containers on boat in shipping yard

Responsible Sourcing

We are proud of the long-standing partnerships we have established in Canada and around the world within our global vendor network to bring the best value and products to Canadians. With this reach, we also recognize our responsibility to continuously improve upon the environmental and social impacts that occur within our supply chain. But we cannot achieve this alone. To drive meaningful change and advance more sustainable business practices, we continue to foster broader industry and vendor collaboration.

CTC’s priority ESG topics within this pillar are:

Governance

Integrity, ethics and transparency are critical to maintaining our brand trust and social licence to operate. We build these principles into our culture through strong and effective decision-making processes and controls, and good governance practices.

CTC’s priority ESG topics within this pillar are:

Canadian Tire Corporation board room

All these ESG topics have been identified as priorities for our business and have defined aspirations and strategies. This information can be found on each of our ESG topic pages and is shared with the aim of providing stakeholders with an understanding of our approach to driving long-term success in these areas.

1 All facts and figures are as at the end of fiscal 2022.

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.

canadian tire

Corporate Home Office
2180 Yonge Street
Toronto, ON M4P 2V8
416-480-3000

Customer Relations
1-800-387-8803 (English)
1-800-565-3356 (French)

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  • About Us
    • Our Leadership Team
    • Board of Directors
    • Consumer Brands Division
    • Supplier Opportunities
    • Triangle
    • Venture Fund
    • COVID-19
  • Our Banners
    • Canadian Tire Retail
    • SportChek
    • Mark's
    • Canadian Tire Financial Services
    • Helly Hansen
    • Gas +
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    • Sports Experts
    • Pro Hockey Life
    • Trio Hockey
    • PartSource
    • CT REIT
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  • Careers
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  • Environmental, Social and Governance
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    • ESG Reporting
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