TORONTO, April 15, 2021 /PRNewswire/ -- Today, Canada
Goose published its 2020 Sustainability Report, which highlights
the progress made towards its 2025 sustainability goals, sets new
ambitious commitments and reaffirms its purpose to keep the planet
cold and the people on it warm by strengthening its sustainability
commitments and working with communities towards a brighter future
for generations to come.
"This year's Sustainability Report builds upon the hard work we
started in 2019 and takes it even further," said Gavin Thompson, Vice President of Corporate
Citizenship, Canada Goose. "I've been incredibly inspired by our
employees' from around the world and their commitment to
sustainability and the significant progress we've made towards our
aggressive goals that address social, economic, and environmental
challenges."
In addition to the goals set forth in Canada Goose's 2019 Sustainability Report, the
company has identified new areas in which its business can make a
more tangible impact. The 2020 Sustainability Report introduces two
new commitments:
- Canada Goose commits to transitioning 90 per cent of its
materials to Preferred Fibres and Materials (PFMs) by 2025:
PFMs, such as recycled and organic fibres, are defined as
sustainable alternatives to conventional materials. This commitment
ensures Canada Goose will aggressively incorporate more
environmentally responsible materials in its outerwear, apparel and
accessories.
- Canada Goose commits to sustainable solutions in 100 per
cent of its packaging by 2025: Sustainable solutions include
recycled content and recyclability in packaging used across its
manufacturing, direct-to-consumer and marketing operations.
In January, Canada Goose debuted its most sustainable parka to
date, the Standard Expedition Parka, which will help set the
standard for the future of outerwear. The Standard's design
generates 30 per cent less carbon and requires 65 per cent less
water during production compared to the in-line Expedition
Parka.
"At Canada Goose, our approach to design is always focused on
quality, durability and functionality, while never sacrificing on
performance," said Niamh McManus,
Design Director, Canada Goose. "We design for generations, not
seasons, and our new product-focused sustainable commitments
further reinforce that approach."
To launch the 2020 Sustainability Report, Canada Goose partnered
with world-renowned science educator, Bill
Nye. A leading voice in the science community and an
environmental advocate, Nye participated in a roundtable event
discussing Canada Goose's bold environmental goals and plans to
achieve them.
"Climate change is real. We must act now," said
Bill Nye, Advisor to Canada Goose.
"I am proud to partner with Canada Goose. They are working to
keep the planet cold and the people on it warm. Working
together, I believe we can bring attention to the need to
manufacture products sustainably and responsibly. It's an
opportunity for corporate leadership that consumers will recognize
and embrace."
Since releasing its inaugural Sustainability Report in
April 2020, Canada Goose accomplished
several initial goals outlined in its Sustainable Impact
Strategy. The brand has achieved carbon neutrality for
company operations (Scope 1 and 2 emissions), reaffirming its
strategic approach to achieving net zero emissions by 2025; joined
the bluesign® raw materials standard as an
official SYSTEM Partner, created the Reclaimed Fur Standard as part
of its goal to end the purchasing of new fur by 2022 and remains on
track to become Responsible Down Standard (RDS) certified by the
end of 2021.
Today's announcement builds upon Canada Goose's purpose
platform, HUMANATURE, which unites its sustainability and
values-based initiatives.
To read the full report, visit:
canadagoose.com/sustainability.
About Canada Goose
Founded in 1957 in a small
warehouse in Toronto, Canada,
Canada Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a
leading manufacturer of performance luxury apparel. Every
collection is informed by the rugged demands of the Arctic,
ensuring a legacy of functionality is embedded in every product
from parkas and rainwear to apparel and accessories. Canada Goose
is inspired by relentless innovation and uncompromised
craftsmanship, recognized as a leader for its Made in Canada commitment. In 2020, Canada Goose
announced HUMANATURE, its purpose platform that unites its
sustainability and values-based initiatives, reinforcing its
commitment to keep the planet cold and the people on it warm.
Canada Goose also owns Baffin, a Canadian designer and manufacturer
of performance outdoor and industrial footwear.
Visit www.canadagoose.com for more information.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes forward-looking
statements. These forward-looking statements generally can be
identified by the use of words such as "anticipate," "expect,"
"plan," "could," "may," "will," "believe," "estimate," "forecast,"
"goal," "project," and other words of similar meaning. These
forward-looking statements address various matters and are
necessarily based on a number of opinions, estimates and
assumptions that we considered appropriate and reasonable as of the
date of this press release. In particular, this press release
contains forward-looking statements including, without limitation,
with respect to (i) our sustainable impact strategy and vision;
(ii) the goals underlying our strategy and our plans to advance
such goals; (iii) our plans to manage our environmental impact,
including our greenhouse gas emission target, our pledge to convert
to Preferred Fibres and Materials, our pledge to convert to
sustainable packaging, our plans to use reclaimed fur and cease
purchases of new fur, and our commitment to reducing carbon
emissions; and (v) the estimated timing to achieve environmental,
energy and waste reduction targets.
Each forward-looking statement contained in this press release
is subject to risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by
such statement. Applicable risks and uncertainties include, among
others, our expectations regarding industry and seasonal trends,
our business plan and growth strategies, including our ability to
successfully expand our product lines and expand internationally,
global geopolitical events and other disruptions, our ability to
forecast inventory requirements, particularly as our
direct-to-consumer channel expands, our ability to implement our
growth strategies, our ability to keep pace with changing consumer
preferences, our ability to maintain the strength of our brand and
protect our intellectual property, our ability to accurately
forecast our results, risks associated with the impact of
pandemics, such as the COVID-19 (coronavirus) outbreak, as well as
the risks identified under the heading "Risk Factors" in our Annual
Report on Form 20-F for the fiscal year ended March 29, 2020, and filed with the Securities and
Exchange Commission ("SEC"), and the securities commissions or
similar securities regulatory authorities in each of the provinces
and territories of Canada
("Canadian securities regulatory authorities"), as well as the
other information we file with the SEC and Canadian securities
regulatory authorities. All forward-looking statements contained in
this press release are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section.
Readers are cautioned that forward-looking statements are not
guarantees of future performance. In light of these risks, results
could differ materially from those stated, implied or inferred from
the forward-looking statements contained in this press release. The
forward-looking statements in this press release speak only as of
the date of this release, and we undertake no obligation to update
or revise any of these statements.
Media Contact:
media@canadagoose.com
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SOURCE Canada Goose