Exhibit 1.01
BRP Inc. has included this Conflict Minerals Report as an exhibit to its Form SD for the period from January 1, 2023 to December 31, 2023 as
provided for in Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the Conflict Minerals Rule). The date of filing of this Conflict Minerals Report is
May 31, 2024.
Unless the context indicates otherwise, the terms Company, BRP, we, us, or
our refer to BRP Inc. and its consolidated subsidiaries. As used herein, Conflict Minerals or 3TG is defined as, consistent with the Conflict Minerals Rule, cassiterite, columbite-tantalite (coltan), gold,
wolframite and the derivatives tin, tantalum and tungsten.
COMPANY OVERVIEW
BRP is a global leader in the design, development, manufacturing, distribution and marketing of powersports vehicles and marine products.
BRPs diversified portfolio of brands and products includes, under the Powersports segment, Year-Round Products such as Can-Am ATVs, SSVs and 3WVs, Seasonal Products such as
Ski-Doo and Lynx snowmobiles and Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft and Pinion gearboxes with Smart Shift
system and under the Marine segment, Alumacraft, Manitou and Quintrex boats, Rotax engines for jet boats and Rotax S outboard engine with Stealth Technology.
We do not source 3TG from smelters or refiners and have no direct relationships with mines, and we believe that we are in at least most cases
many levels removed from all of these market participants. However, through the efforts described in this Conflict Minerals Report, we seek to ensure that the 3TG in our products is responsibly sourced.
REASONABLE COUNTRY OF ORIGIN INQUIRY
For 2023, BRP determined that 3TG were necessary to the functionality or production of products that it manufactured or contracted to
be manufactured. Therefore, BRP conducted a reasonable country of origin inquiry (RCOI) within the meaning of the Conflict Minerals Rule to determine whether any of the 3TGs in its in-scope
products originated in the Democratic Republic of the Congo (DRC) or an adjoining country (collectively referred to as the Covered Countries), and were not from recycled or scrap sources.
For our RCOI, to the extent applicable, we utilized the same processes and procedures as for our due diligence, in particular Steps 1 and 2 of
the Organisation for Economic Co-Operation and Development Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the related supplements for gold, tin,
tantalum and tungsten (the OECD Guidance). The OECD Guidance is discussed further below.
Based on our RCOI, in-scope BRP products may contain 3TGs that originated in the Covered Countries and may not be from recycled or scrap sources. In accordance with the Conflict Minerals Rule, we exercised due diligence.