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Canadian Tire
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Environmental, Social and Governance

We Are Here to Make Life in Canada Better

To read our full report and learn more about our efforts in each area, click through the corresponding sections of this website.

For an overview of our ESG Report, please download our 2022 ESG Report Summary

2022 ESG Report Summary

CEO Message

At Canadian Tire Corporation, the year 2022 was one to remember. We celebrated the hundredth birthday of Canadian Tire Retail and announced our evolved Brand Purpose, Core Values, and Better Connected strategy. Despite the challenges of the pandemic, we emerged as a stronger, more resilient company, with a clear focus on building a better future and fulfilling our environmental, social and governance (ESG) commitments. Our ESG journey has been one of progress over perfection, and I am proud of what we have achieved so far.

Our second ESG report is not just a reflection of past accomplishments and future plans; it’s a testament to our commitment to transparency. As a data-driven organization, we believe progress is made by making decisions based on what we know, not what we think we know. To that end, we are now reporting against the SASB (Sustainability Accounting Standards Board) standards, empowering us to identify ESG priorities that demand greater attention while providing relevant, reliable, and comparable metrics to assist you in making well-informed decisions and assessing our progress against your values and expectations. Moreover, as part of our stringent ethical standards and commitment to transparency, we assessed over 1,200 factory audits internationally in 2022.

Signature of the CEO
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CEO of Canadian Tire

2022 Highlights

Our History

Starting from a single auto garage established by A.J. and J.W. Billes in 1922, Canadian Tire Corporation (CTC) has grown to encompass 13 banners and businesses, and more than 1,700 retail stores and gas bars. We continue to embody A.J. Billes’ philosophy to “strive always to make things better.” This has influenced how we serve our customers, develop our products and support our people and communities. Our founders’ values live on in our Brand Purpose, that
We Are Here to Make Life in Canada Better.

An Enterprise-
Wide Effort

We are advancing our environmental, social and governance (ESG) strategies across our entire enterprise, from our consumer-facing brands to our financial services division. Here is a snapshot of some of the initiatives our banners and businesses implemented in 2022:

Land Acknowledgement

Land Acknowledgement

We acknowledge that long before Canada was a country, strong nations and cultures existed here – and continue to exist. The Canadian lands on which CTC operates have been the site of human activity for 15,000 years. Today, these lands and lakes continue to be home to many First Nations, Inuit and Métis communities from across Turtle Island, also known as North America. Our head office, located in what is currently known as Toronto, is situated on the traditional territory of the Anishinaabeg, Huron-Wendat and the Haudenosaunee Nations. This location is covered by Treaty 13, signed with the Mississaugas of the Credit, and the Williams Treaties, signed with multiple Mississauga and Chippewa bands. We are grateful that we can live and work here, and we are committed to building and sustaining a relationship with Indigenous peoples based on respect, dignity, trust and cooperation. At CTC, we know that land acknowledgments mark a small but important step in the journey of confronting the truth and working towards reconciliation with Indigenous peoples. We are in the early stages of our journey. As we look ahead and live our Core Values, we are committed to acknowledging the truth and advancing reconciliation.

Awards and Recognition

As a testament to our long standing commitment to people and the environment, and the hard work and success of our teams across our group of companies, we are proud to have been recognized through various awards and included in numerous indexes over the years.

Memberships

Collaboration with our partners helps us create a better Company and a better Canada. Through strategic memberships, we draw on a network of industry expertise in all that we do. Examples include:

We also hold leadership positions in different organizations that manage environmental stewardship obligations and search for new solutions to environmental and social issues. Examples include:

ESG 2022 Cover

DOWNLOAD OUR 2022 ESG REPORT SUMMARY

Our 2022 ESG Report Summary provides a high-level overview of our approach, actions and initiatives for our most important ESG topics in 2022.

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esg approach

Learn more about our approach

Our approach to managing ESG topics shapes how we do business while proactively addressing the challenges facing our industry and country.

Our Approach

1 The SASB standards are industry-specific reporting standards that provide comparable sustainability metrics for public corporations to disclose decision-useful information to investors. Visit SASB’s website to learn more about the standards.

2 The eVoice survey is conducted annually each fall to help understand the health of our culture and the effectiveness of our talent strategies. In 2022, it was open to all full-time and part-time employees of CTC on a voluntary basis.

3 CT REIT’s net zero development project meets the specifications of the Canada Green Building Council both with respect to 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.