Canada Goose : 2022 Sustainability Report – Marketscreener.com

E n v i r o n m e n t a l , S o c i a l a n d G o v e r n a n c e R e p o r t F Y 2 2
ABOUT THIS REPORT
Our fourth report provides information on our strategy, performance and community relationships during the fiscal year that ended April 3, 2022, which we refer to as “FY 22” throughout this publication, unless otherwise stated. (In several places, we compare FY 22 to FY 21, which extended from April 1, 2020, to March 28, 2021.) We align with the Sustainability Accounting Standards Board (SASB) to the extent possible for us at this time. We also consider our contribution to the UN SDGs as a result of our activities.
OUR REPORTING JOURNEY
At Canada Goose, we don’t keep up with the crowd. We forge ahead.
As the realm of environmental, social and governance (ESG) reporting evolves, we actively adapt our processes to meet more robust standards and higher expectations. From our first report in 2019 to now, we’ve focused on increasing the transparency and relevance of our reporting process.
This report shares our most recent progress in carrying out our Sustainable Impact Strategy. Releasing it now allows us to better align our fiscal year reporting with the corresponding calendar year. Our FY 23 report will then be released in Spring 2023, returning to our annual reporting cycle.
It’s all part of our commitment to keeping the planet cold and the people on it warm.
I I
CANADA G O OS E – ESG R E P O RT F Y 22
CONTENTS
At Canada Goose, we endure any condition, observe every detail, and take the long view in order to keep the planet cold and the people on it warm. We are pleased to present this report highlighting Canada Goose’s performance in FY 22.
MATERIALS
04
MANUFACTURING
AND OPERATIONS
06
PEOPLE AND
COMMUNITIES
10
RESPONSIBLE BUSINESS
12
SUSTAINABLE IMPACT STRATEGY
Our strategy includes deliberate goals related to the materials we use, our manufacturing and operations, people and communities, and responsible business practices. All entries in the progress table are as of April 3, 2022, unless otherwise stated.1
A R E A
G OA L
TARG ET
PROG R ESS
DATE
MATERIALS
Move all packaging to more sustainable solutions by the end of 20252
End of 2025
FY21
59%
FY22
75%
Define sustainable solutions, conduct baseline measurement
End of 2023
In progress
and finalize plan for improving the sustainable content and the
FY21
recyclability of our packaging3
FY22
Eliminate single-use plastics that we cannot recycle –
End of 2022
In progress
such as shrink wrap – in all facilities we own or control
FY21
FY22
Transition from Canada Goose’s proprietary
End of 2021
100%
FY21
Down Transparency Standard (DTS) to the global
Responsible Down Standard (RDS) by end of 20214
100%
FY22
Increase percentage of Canada Goose materials
End of 2025
FY21
21%
that are Preferred Fibre and Materials (PFMs)
FY22
51%
as specified by Textile Exchange to 90%
Increase percentage of Canada Goose fabrics that are
End of 2025
FY21
84%
bluesign® APPROVED in our domestic production to 90%5
FY22
65%
Purchase only PFAS-free Arctic Tech fabric
End of 2023
Target introduced for the first time
FY21
In progress
FY22
MAN U FACTU RING
Achieve net zero scope 1 and 2 emissions
End of 2025
FY21
3%
AN D OPER ATIONS
3% reduction compared to 2020
40%
FY22
6% increase compared to 2021
Maintain carbon neutrality for company operations (scope 1 and 2
Annual goal
FY21
emissions) by investing in projects that reduce, avoid, or sequester
until achieving net
FY22
the equivalent of 200% of each year’s greenhouse gas emissions
zero emissions by
2025
Carbon offset completed in both years
Adopt renewable energy commitments6
End of 2022
In progress – initiated
FY21
In progress
FY22
Invest in energy efficiency and renewable energy
End of 2023
In progress – initiated
purchases and/or installations6
FY21
In progress
FY22
2CANADA G O OS E – ESG R E P O RT F Y 22
A R E A
G OA L
TARG ET
PROG R ESS
DATE
Measure scope 3 emissions and set targets no later than 2024
End of 2024
Target introduced for the first time
FY21
In progress
FY22
Divert 100% of our post-consumer global warranty waste products7
End of 2025
FY21
41%
During the pandemic, this work halted due to
cross-border shipping requirements
FY22
61%
Achieved through diversion efforts including
donation and upcycling
Set our science based targets and submit to the Science Based
End of 2022
Target introduced for the first time
Targets Initiative (SBTi) for approval8
FY21
In progress
FY22
PEO PLE AN D
Promote Arctic preservation through support of Polar Bears
Ongoing
Donated a total of $600,000 in FY21
COM M U N ITIES
International’s research and conservation work
Donated a total of $1,072,325 in FY22
R ESPONSIBLE
Complete Tier 1 assessments
100% by end of
FY21
58%
BUSI N ESS
2022
Not completed at this time due to disruptions
related to COVID-19
100%
FY22
Introduce the CG Social Performance program in Tier 2 and 3
50% by end of
FY21
20%
manufacturers
2022
FY22
25%
In FY 21, we also achieved the following targets. Since these are not ongoing or annual efforts, we are not reporting on these for FY 22.
AR E A O F FOCUS
MATERIALS
Conduct 10 Life Cycle Assessments identifying carbon and water footprints of our top-selling products
R ESPONSIBLE BUSIN ESS
Launch a collaborative Social Performance Program, including a comprehensive scorecard and monitoring system (Tier 1)
3
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Disclaimer
Canada Goose Holdings Inc. published this content on 01 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2022 17:13:10 UTC.

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