ENVIRONMENTAL, SOCIAL AND GOVERNANCE
ABOUT THIS REPORT
Our third report provides information on our strategy, performance and community relations during the fiscal year ended March 28, 2021 (referred to simply as “FY 21” in this publication, unless otherwise specified).
The content and data provided here embody the evolution of our approach to reporting. We are moving from a primarily qualitative sustainability report to the more comprehensive perspective of an ESG report. We are improving our reporting processes to make our information meaningful to stakeholders by aligning 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.
We signed the United Nations Global Compact (UNGC) in January 2022. This report demonstrates our commitment to upholding the UNGC’s 10 principles, which cover human rights, labor, environment and anti-corruption. corruption, and to engage in collaborative projects that advance sustainable development. Development goals. However, this report does not act as a communication on progress (COP). We will prepare a separate COP in 2023.
TALKING ABOUT THE FUTURE
This document contains forward-looking statements. These statements are neither historical facts nor guarantees of future performance. Instead, they are based on our current beliefs, expectations and assumptions about the future of our business, our future plans and strategies and other future conditions. These forward-looking statements can generally be identified by the use of words such as “anticipate”, “expect”, “plan”, “could”, “might”, “intend”, “predict”, “should”, “would”, “”will”, “believe”, “estimate”, “plan”, “goal”, “objective”, “target”, “project” and other similar expressions, although all forward-looking statements do not contain these identifying words.These forward-looking statements include all matters that are not historical facts and include statements regarding our current intentions, beliefs or expectations regarding, among other things, our sustainability strategies, our emissions and energy consumption and targets, expectations regarding industry trends in environmental and social commitments, our business plan and targets By their nature, forward-looking statements involve risks and inc ertitudes because they relate to events and depend on circumstances that may or may not occur in the future.
The applicable assumptions, risks and uncertainties include, among others, those identified throughout this report, the risks identified under the heading
“Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended March 28, 2021, and in other information we file with the Securities and Exchange Commission and securities commissions or regulators. similar securities regulations in each of the provinces and territories of Canada. Although we base the forward-looking statements contained herein on assumptions that we believe are reasonable, we caution you that actual results and developments, including the achievement of our goals, objectives and commitments, may differ materially from those expressed or implied by forward-looking statements contained herein as a result of unrealized assumptions, scientific or technological developments, evolving sustainability strategies, changes in carbon markets, evolving government regulations or changes in the circumstances of our activities. Additional impacts may occur that we are not currently aware of. The potential for such additional impacts intensifies the business and operational risks we face, and these should be considered when reading the forward-looking statements contained herein. In addition, even if results and developments are consistent with the forward-looking statements contained herein, such results and developments may not be indicative of results or developments in subsequent periods. Accordingly, some or all of our forward-looking statements contained herein may prove to be inaccurate. No forward-looking statement is a guarantee of future results. Additionally, we operate in a highly competitive and rapidly changing environment in which new risks often emerge. It is not possible for our management to predict all risks, nor to assess the impact of all factors on our business or the extent to which any one factor, or combination of factors, may cause results actual differ significantly from those contained in the forecasts. – forward-looking statements we may make. You should read this document and the documents to which we refer in its entirety and be aware that our future results may differ materially from what we expect. The forward-looking statements contained herein speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements.
IN BRIEF 01
LETTER FROM THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER 03
CORPORATE CITIZENSHIP LETTER 05
OBJECTIVE AND PRIORITIES 07
MANUFACTURING AND OPERATIONS 27
PEOPLE AND COMMUNITIES 41
RESPONSIBLE COMPANY 63
At Canada Goose, we endure all conditions, observe every detail and take a long-term view to keep the planet cold and the people on it warm.
WHERE WE ARE ON THE TRIP
“HUMANATURE is how we talk about our purpose.
It is integrated into all aspects of our operations. It’s part of everything we do.”
Dani Reiss, President and CEO
We have achieved our goal of achieving Responsible Down Standard (RDS) certification as a brand and manufacturer in November 2021.
OUR LOCATIONS AS OF MARCH 28, 2021:FY21 SUSTAINABILITY HIGHLIGHTS:
fabrics used in our home product were bluesign® APPROVED.
We have achieved 59% in our goal of transitioning all packaging to more sustainable solutions by 2025.
Recycled and reused 41% of total post-consumer warranty waste generated during the year.
Preferred fibers and materials (PFM) procured for domestic manufacturing.
Launch of the Standard Expedition Parka and the Crofton and Cypress collections, embodying our commitment to using more PFM.
A LETTER FROM DANI REISS, PRESIDENT AND CEO
One of the best pieces of advice I’ve ever received is, “Don’t rest on your laurels”. There was a time to celebrate and feel proud; however, the next challenge or opportunity is always ahead. It’s a belief I’ve taken with me and one that seems particularly important when I think about our commitment to sustainability at Canada Goose.
As I look to the future of our work to become a leader in corporate responsibility, I believe that the only real way to achieve meaningful sustainability is through constant evolution. This year, we challenged ourselves like never before, driving our efforts to achieve remarkable milestones.
In the summer of 2021, we announced that we were to officially phase out fur. With this action, we have already ended the purchase of all furs and have committed to stop manufacturing with fur by the end of December 2022.
Five months later, we announced that we had achieved Responsible Down Standard (RDS) certification, ahead of schedule. RDS aligns with our goal of making world-class products that embody sustainable innovation, and I’m proud that Canada Goose is recognized globally as a company that embraces sustainability and animal welfare. None of these accomplishments would be possible without our people, who are at the heart of Canada Goose.
In January 2022, I was extremely proud to sign Canada Goose to the United Nations Global Compact. We are committed to respecting and protectingfundamental human rights of those directly and indirectly part of our business, and this partnership reinforces our commitment to supporting inclusive, safe and healthy working conditions.
And while these achievements mark significant progress in our commitment to protect our planet and build a better future, we must continue to evolve. For us, that means never resting on our laurels.
I invite you to read this report and learn more about how our commitment to sustainability is at the heart of everything we do.
Dani Reiss, CM, OOnt President and CEO