CLIMATE

REPORT
2021
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ARC’TERYX
CLIMATE
REPORT 2021
Our work has always been a response to the mountain
environment, shaped by our experiences there. Now
the mountains reflect what the science tells us about
climate change — that we need to think bigger, act
faster and connect more deeply.
L AND ACK NOWLEDGEMENT
Arc’teryx continues to treat climate change as our
Arc’teryx acknowledges that our Headquarters most urgent environmental issue. We are led by our
and Design Centre are located on the territories science-based targets and our reaffirmed commitment
of the xʷməθkʷəy̓əm, Sḵwx̱wú7mesh and to the UN Fashion Industry Charter for Climate Action
səl̓ilwətaʔɬ peoples. (FICCA). This means fostering relationships in new
Arc’One, our local manufacturing facility, is ways, collaborating with our supply chain partners,
located within the territory of the Qayqayt, and leveraging our influence and design skills in equal
kʷikʷəƛ̓əm, Katzie, Kwantlen, xʷməθkʷəy̓əm, measure with others in the apparel industry.
Sḵwx̱wú7mesh, səlilwətaʔɬ and Sto:lo First
Nations who have called this place their
homeland since time immemorial.
We acknowledge with humility the role
that Indigenous, Inuit and Métis have in the
stewardship and protection of the lands and
waters on which we gather, and support
Indigenous Knowledge systems, approaches
and ways of knowing as we face a rapidly
changing climate and landscape.
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TABLE OF
About us
Arc’teryx is a Canadian global design company based in the Coast Mountain Range in

CONTENTS
British Columbia (BC) that specializes in technical high-performance apparel and equipment.
Our design process is connected to the real world and is focused on delivering durable,
unrivalled performance. We are problem solvers, constantly evolving and searching for
a better way to deliver minimalist designs that are developed through sustainable, less
carbon-intense business models.

About this report 03 04 06 08 12 13

This is our third annual climate report, which covers the 2021 calendar year and relates to LE ADERSHIP C L I M AT E C L I M AT E I N C L I M AT E 2021 GHG
all of our global operations and activities. Over the last year, we have taken steps to improve MESS AGE COMMITMENTS COMMUNIT Y ACTION PERFORM ANCE REPORT
the quality of our data, and our brand-level carbon footprint has received limited external HIGHLIGHTS
assurance from PwC (full statement on page 15). Our emissions data is also included in
the annual emissions report and disclosures of our parent company Amer Sports, including
CDP responses. We welcome your questions and feedback at [email protected].

GOOD DESIGN THAT MATTERS MAKES LIVES BETTER

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LEADERSHIP MESSAGE
At Arc’teryx, we design for the mountain athlete — climbing sheer rock faces, running rocky alpine
STUART HASELDEN trails, or heading deep into the snow-filled backcountry. We know that our very existence and
reason for being hinges on our ability to protect and preserve our greatest natural resources.
CHIEF E XECUTI V E OFFICER
In 2020 we set climate goals, identifying bold science-based targets (SBTs) to reduce our
greenhouse gas (GHG) emissions and protect our planet. Driven forward by the passion of our team,
we stepped up to the challenge and began working toward transformational change. 2021 saw these
first steps start to bear fruit as we began to decouple growth in profits from growth in emissions,
align with changemakers throughout the outdoor community, and identify actionable steps to reduce
our footprint across all areas of the business.
Our SBT for Scope 3 (our value chain) is an intensity target, meaning we are working towards
reducing the amount of emissions in our value chain per dollar of profit. Our business has grown
more in recent years than anticipated back when we set the targets in 2020, meaning that our
profit is higher than expected, and getting us very close to achieving our intensity target. Given our
accelerated growth, we need to reset our targets. While profit growth is certainly a factor in how we
have met our targets so quickly, contributing factors could also be conservative estimates on our
2018 baseline, and/or improvements in data quality since then, amongst others. We are committed
to revising our targets to be more ambitious and drive the change that our planet needs.
Supply chain issues challenged businesses across the globe in 2021 and Arc’teryx was no exception.
However, this also gave us the opportunity to take stock and consider new ways of working. We
redoubled our commitment to circularity, launching our first ReBIRD™ Service Center to keep our
products and apparel in use and out of landfills longer, and allow our guests to take responsibility
and drive impact individually. We joined 171 partners in the UN Fashion Charter for Climate Change
in uplevelling our ambition for climate action, reinvested in our partnership with the Clean Energy
Investment Accelerator (CEIA)’s pilot program in Vietnam, and launched a second initiative with a
new cohort of suppliers to support a transition to solar power in the country.
This is just the start. Looking ahead, we are building the future of sustainability and circularity at
Arc’teryx, ensuring this is the bedrock of every business decision we make, and that sustainability
and circularity objectives are inseparable from our core business.
We are already close to achieving some of our targets, but we’re not stopping there; we’re working
to set more ambitious goals and look forward to sharing them with you soon. We are committed to
finding a better way, together.
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CLIMATE
COMMITMENTS
The UN Fashion Industry Charter for Climate Action (FICCA) is a vision created in 2018
by fashion stakeholders under the guidance of UN Climate Change to achieve net-zero
emissions by 2050, and was renewed at COP26 in Glasgow, UK in November 2021.
Arc’teryx was an early signatory to this action plan, and in 2021, along with the rest of our
industry colleague signatories, we deepened our level of commitment to help achieve the
fashion sector’s climate targets.
Action roadmaps in the following areas will be formalized in 2022 and will help support the
delivery of these targets, improve our supply chain efficiency and significantly reduce the
impact of the materials that we use. They will also help us to continue developing, launching
and validating new, less carbon-intense business models:
• Pursue energy efficiency (owned • Collaborate with industry partners to
operations – Scope 1 and 2; and value transform systems and supply chains,
chain – Scope 3) and advocate for cultural shifts and
meaningful change
• Secure 100% renewable electricity
• Work with logistics service providers to
• Source preferred and low climate-impact
transition to zero emissions for owned
materials
and contracted transportation
• Engage and incentivize suppliers to set
• Leverage external communications to
science-based targets
inform the public about climate-related
• Phase-out of coal in the supply chain issues and motivate a shift in consumer
attitudes and behaviours
• Develop and implement a company climate
policy advocacy plan
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Our 2030 targets

65% This target focuses on reducing emissions from
REDUCTION IN GREENHOUSE our Vancouver headquarters, Canadian production
GA S (GHG) EMISSIONS FROM facility, and global retail stores (known as our
O U R O W N E D O P E R AT I O N S ( F R O M Scope 1 and 2 emissions). While these emissions
A 2018 B A SE YE AR) represent only a fraction of our total carbon
footprint (less than 3% in 2021), we view reducing
them as an essential part of our holistic response
to the climate crisis.
65% This means reducing the carbon emissions
REDUCTION IN SCOPE 3 GHG associated with every dollar of profit we make.
EMISSIONS PER UNIT OF GROSS It considers all emissions related to our materials,
PROFIT (FROM A 2018 B A SE YE AR) products, factories, mills, shipping, distribution
and travel. Scope 3 emissions represented the
lion’s share of our total carbon footprint in 2021
(about 97%) and are dependent on our ability to
build relationships and collaborate with others.
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CLIMATE IN
COMMUNITY
When we connect in nature, we connect with a deeper sense of
belonging. Time in nature makes us happier, healthier and more
creative. We are energized and inspired to protect what we know
and love.

Moving in partnership with community

Globally, phenomenal community-led organizations and individuals
are leading the movement towards equitable access to nature and a
resilient climate future. We seek to partner with community leaders
such as these, listening to the needs of the movement and offering
support with the resources we hold, whether that means financial
investment, facilitating connections within our network, hosting
events or creating space for storytelling through our platforms. In
2021, Arc’teryx committed $1 million to support the movements
towards equitable access to nature and a resilient climate future.
As part of this work, Arc’teryx strives to be guided by the principles
of reconciliation in our understanding of what it means to be on
the land and connected to nature. We are committed to building
relationships with First Nations, Tribal communities, Indigenous
Knowledge Holders, and Indigenous organizations that are working
to connect people with nature in considered and meaningful ways.
A resilient climate future cannot be achieved alone; rather, it requires
the development of deep and trusting relationships with community
leaders, Indigenous Knowledge Holders, governments and more. We
will continue to build these relationships through 2022 and beyond.
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Industry advocacy
No single actor can undertake the work at the scale United Nations Fashion Industry Charter for
and pace required to transform our systems and Climate Action (FICCA) – Created in 2018 by
supply chains into life-flourishing ones. We have fashion stakeholders in response to meeting the
committed to offering our platform, influence and overall goal of the Paris Agreement, this framework
voice to advocate for cultural shifts in the interest of is a guide to help maintain the increase in the global
climate change – cultivating allies and supporting average temperature to 1.5°C above pre-industrial
the work of the following industry partners: levels. FICCA calls for all companies in the fashion
industry to champion systemic change, scale low-
Outdoor Industry Association (OIA) – Arc’teryx is a
carbon solutions and take action regardless of size
founding member of the OIA’s Climate Action Corps,
and geography.
launched in 2020 as the industry’s collaborative
model to lead on climate action and reduce The Clean Energy Investment Accelerator (CEIA) –
industry-wide GHG emissions in line with science. Jointly led by Allotrope Partners, World Resources
The Climate Action Corps aspires to become the Institute (WRI), and the National Renewable Energy
world’s first climate-positive industry by 2030. Laboratory (NREL), with support from the U.S. and
Members commit to reducing their GHG emissions German governments, P4G, and other partners,
in line with science-based targets, removing even CEIA harnesses private sector demand to scale
more GHGs from the atmosphere than they emit clean energy deployment in emerging markets.
and advocating for broader systemic change. Arc’teryx participated in a pilot program (2019–2021)
along with five other apparel companies and two
Science-Based Targets initiative (SBTi) – This
vendors that are in the process of installing rooftop
partnership between CDP, the UN Global Compact,
solar systems. In 2021, we contributed US $25K
the World Resources Institute and the World
to a second initiative that involves two to three
Wildlife Fund (WWF) provides companies with a
additional suppliers that are participating in a
clearly defined path to reduce emissions in line with
group RFP for rooftop solar solutions.
limiting global temperature increases to well below
2°C above pre-industrial levels and pursuing efforts
to limit warming to 1.5°C.
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CLIMATE ACTION
HIGHLIGHTS
Increasing awareness of our changing climate is accompanied by a sense of urgency
from customers, the industry, employees, and the global community who look to
organizations like Arc’teryx to do more, faster. In 2021, we made improvements in
some areas of our operations, despite COVID-19 pandemic-related logistics and
supply chain issues. Our climate strategy focuses on four key areas: Renewable
Energy, Energy Efficiency, Circular Economy, and Sustainable Product.

Renewable energy
Scope 3 emissions account for over An analysis of 10 supply chain regions
95% of our footprint, and finished goods where we manufacture our products
(Tier 1) production facilities account was completed to determine the
for almost a quarter of the total, so market readiness of renewable energy
working as partners with our suppliers procurement in those regions. With this
is an urgent priority to achieve our data in 2022, we will develop plans with
goal of 100% renewable energy at our supply chain partners to transition to
finished goods suppliers by 2025. Four renewable energy through a combination
of our 26 Tier 1 suppliers have adopted of physical installations and/or
renewable energy, with two additional renewable energy certificates (RECs).
suppliers reviewing proposals for
Across our direct owned operations,
solar procurement as part of the CEIA
Arc’teryx purchased approximately
renewable energy procurement project
9,000 MWh of electricity in 2021. As
in Vietnam.
in 2020, we guaranteed that 100% of 100%
this electricity can be traced back to OF OUR PURCH A SED
renewable sources through the purchase ELECTRICIT Y C AN
and retiring of RECs. BE TR ACED B ACK TO
R E N E WA B L E S O U R C E S .
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Circular economy
In May 2021, we launched ReBIRD™, the home for all our initiatives in care and repair, resale and
upcycling. ReBIRD™ is design for circularity – for the future we wish to inhabit – where nothing is
left to waste. ReBIRD™ is composed of three programs:
ReCARE™ – An extension of our original warranty The ReGEAR™ platform also offers complex repairs
program, ReCARE™ invokes the power of care and to products that have been damaged extensively.
repair through support, service and education. This gear is meticulously deconstructed and
November 2021 saw the opening of our first brought back to our Arc’teryx functional repair
ReBIRD™ Service Center, located within the New standards, using offcuts from our manufacturing
York City Broadway store, which offers product process. These reimagined items function as they
assessment, expert repairs, hands-on product did in their original condition, but the unique colour
care and education – as well as a curated selection blocking tells the tale of a petina of adventures,
of used gear for sale. Further expansion of the appealing to guests interested in bespoke pieces
ReCARE™ pillar will see expansion of the ReBIRD™ with a rich history, while supporting circularity.
+269%
Service Centers globally, starting with Toronto in
TR ADE-IN ITEMS YOY ReCUT™ – Our ReCUT™ upcycling program is
July 2022, and rolling out to Vancouver, Boulder,
where we hope to extend learnings from internal
4,882 kg Tokyo and Beijing.
design testing and workshops. These learnings
T O TA L WA S T E D I V E R T E D To further improve our ReCARE™ program, in 2021 inform how best to utilize post-consumer
we set in motion plans to regionalize full repairs materials that are far beyond functional repair –
58,694 kg CO2
through partner training and repair hubs, to reduce but still offer an opportunity to be refurbished into
T O TA L C A R B O N S AV I N G S
shipping across borders and make for more efficient something new. Our first entirely upcycled products
repair logistics management. launched in 2021: bespoke ReBIRD™ totes made
from warrantied gear that was past the point of
ReGEAR™ – Our official buy-back and used gear
optimal performance. This first launch sold out
program was initially launched in 2019 across
in less than a week. More recently, we launched
North America. This program keeps the good in
a line of ReBIRD™ chalk bags, and the upcycling
play, cleaning and refurbishing our gear to our
design process continues with another drop in
esteemed functional standards. The program
November 2022.
doubled in size in 2020, and with operational
efficiency and a dedicated team added in 2021,
the program was able to scale up again.
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Product design
The journey towards reduction pathways
includes collaboration and cross-functional
engagement at every step. Teams pursue
innovation across our product range, from
P L A N T- B A S E D L I N E R
lower-carbon materials development to more
ENGINEERED FROM
efficient construction processes.

60% An example of this is the high-performing

CA STOR BE AN OIL REDUCES Agrium Hoody which launched in Fall 2021
RELI ANCE ON FOSSIL FUEL S and integrates sustainability attributes
without compromising durability and quality.
The ReBIRD™ totes and pouches made
from end-of-life finished goods are
DOPE-DYED
examples of product design delivering
O U T E R M AT E R I A L H A S D E E P E R C O L O U R functional, high-quality, low-carbon
S AT U R AT I O N A N D L O W E R E N E R G Y F O O T P R I N T products. The pilot upcycled totes and
T H A N W E T P R O C E S S I N G J E T- D Y E pouches were well-received by guests and
reinforced that scaling and streamlining
FCO DWR
this part of our business will require careful
M E A N S D U R A B L E WAT E R R E P E L L E N C Y, planning and focused efforts.
CERTIFIED BY BLUESIGN WITHOUT H ARMFUL
FLUORINE AND FLUOROCARBON CHEMICAL S

850 FILL
EUROPE AN WHITE GOOSE DOWN IS PRODUCED
U N D E R R E S P O N S I B L E D O W N S TA N D A R D ( R D S )
C E R T I F I C AT I O N D E V E L O P E D T O P R O T E C T
ANIM AL S FROM UNNECE S S ARY H ARM
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Energy efficiency Arc’One emissions reduction activities D ATA I N T E G R I T Y A N D I M P R O V E M E N T

Located in New Westminster just a short • Migrated 100% of lighting to LEDs, resulting In 2021, we created and embarked
drive from our North Vancouver Headquarters in light that is 90% more efficient than on a cross-functional data mapping
and Design Centre, Arc’One is where we incandescent bulbs and improvement plan which led to a
test our designs, prove our concepts and significant increase in the amount of
• Forklift charging stations have been
continue the evolution of our products. primary data used to calculate our carbon
upgraded to more efficient and lower-
Having a manufacturing facility in close footprint. 58% of Scope 3 emissions in
powered 208V units
proximity to our Design Centre gives us 2021 utilized primary data sources.
hands-on knowledge of what we make and • Migrated equipment from gas-powered
how it should be made. It allows Arc’teryx to battery and electric
to innovate at the highest level.
• Remapped and retrofitted space, alleviating
Although we experienced slowdowns and the need for a bigger space or setting up an
shutdowns related to the COVID-19 pandemic additional, separate space that could double
in 2021, we made use of this time and emerged energy intensity
from this period with many solutions in place
• Warehouse and factory assessments
that led to efficiency and waste reduction in our
conducted in 2021 have identified
Arc’One manufacturing facility.
improvements in efficiency in movements
Waste reduction efforts stem from the passion from station to station
within our people — a second nature — that
• Expanded internal Green Team and
drives us to remake, reuse and reinvent things
its main function of engaging Arc’One
using raw materials, our finished goods and
employees in office initiatives and
even our equipment.
spotlighting ongoing projects
Waste heading to landfill has decreased by
• Added more bicycle racks and increased
50% since 2020. Our goal is to divert more
shuttle bus frequency to encourage
than half of that again in 2022.
employees to use lower-carbon means
of transportation

2022 GOAL:
40% 61% 88%
2020 2021 O F WA S T E R E U S E D
OR RECYCLED
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2021 PERFORMANCE AGAINST

Performance vs Science-Based Targets

OUR SCIENCE-BASED TARGETS

Target

Scope 3 Intensity (tCO2e/EURm)

Scope 1 and 2 (tCO2e)

Scope 1 and 2 Scope 3
We have nearly achieved our reduction targets for 2021 saw a positive rebound from the pandemic
Scope 1 and 2 as illustrated in the graph at left. shutdowns in 2020, which resulted in an increase in
Although advancement towards our 65% target is absolute emissions in the categories of production
positive, we will continue to focus on improving (Tier 1 suppliers), logistics (inbound freight) and
our data quality and integrity in order to accurately business travel.
assess our progress.
In 2021, we made major progress in decoupling
2020 was the first year in which renewable energy emissions from profits, pushing us close to our 2030
certificates (RECs) were purchased, which we emissions intensity reduction target of 65%. This
2030 Target vs 2018
continued in 2021. rapid progress towards our target was unexpected,
-65% and a sign of how strongly our community engaged
2021 vs 2018 This guarantees that all our purchased electricity
with our purpose and products in 2021.
is sourced from renewables and our Scope 2
-61% (Scope 1 and 2)
emissions are reduced to zero. However, we acknowledge that this is just an initial
-62% (Scope 3 intensity) step, and we can do more. The time has come for us
In 2021, we dedicated resources to data
to get much more ambitious, to tackle this challenge
improvements, and one of the top priorities for
head-on. Our next focus is to take a fresh look at our
Scope 1 is to access primary energy use data for
emissions reduction targets – and the way in which
2018 2020 2022 2024 2026 2028 2030 more of our buildings.
they are measured – to ensure we are aligning our
The conversion factors used to estimate electricity science-based targets with our net-zero ambition.
for China, Macau, Hong Kong, Japan and Australia
Scope 1 and 2 refer to emissions directly related to processes that we own, including our include heating, and therefore no natural gas is
Vancouver headquarters, Canadian production facility, and global retail stores. estimated for these countries for 2021. The same
assumption has been retrospectively applied
Scope 3 refers to all upstream emissions related to our materials, products, factories, to previous years so that the annual figures are
mills, shipping, distribution and travel. comparable.
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GHG REPORT
Scope 3 Emissions Breakdown

3.7 Employee
This greenhouse gas (GHG) emissions summary is prepared in accordance with the principles Commuting
and requirements of the Greenhouse Gas Protocol – A Corporate Accounting and Reporting
2.1% 3.1 Purchased
Standard (Revised Edition) for the year ending December 31, 2021.
Goods and Services
An operational control approach has been used to determine the scope of reporting. Scope 1 and 2
3.4 Upstream 74.4%
include emissions from carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O) within all
owned operations, including heat and electricity consumption at Vancouver headquarters, Canadian Transportation and
production facility and global retail stores, as well as owned and leased vehicles and refrigeration. Distribution
Scope 1 and 2 emissions are calculated and reported using a market-based approach. 19.4%
Scope 3 emission categories included in the boundary are:
• Purchased Goods and Services (included finished goods and raw materials)
• Capital Goods (machinery and IT equipment)
• Fuel and Energy-Related Activities Not Included in Scope 1 or 2
• Upstream Transportation and Distribution
• Waste Generated in Operations
• Business Travel and Employee Commuting
% CT Emissions
GHG Emissions Summary (tCO2e) Greenhouse Gas Protocol (GHGP) Classification (tCO2e)
3.1 Purchased Goods and Services 74.41%
Scope 2018 2019 2020 2021
3.4 Upstream Transportation and Distribution 19.37%
Scope 1* 1,189.6 1,105.4 1,066.0 1,073.4 3.7 Employee Commuting 2.08%
Scope 2 (location-based) 1,577.3 1,932.9 2,671.7 3,128.4 3.6 Business Travel 1.60%
Scope 2 (market-based) 1,577.3 1,932.9 0 0 3.5 Waste Generated in Operations 1.31%

Scope 3 62,543.1 72,284.0 38,403.6^ 46,063.9 3.3 Fuel and Energy-Related Activities Not Included in Scope 1 or Scope 2 0.65%
3.2 Capital Goods 0.57%
^ 2020 Tier 2 supplier emissions data has been recalculated using more accurate primary data.
* The conversion factors used to estimate electricity for China, Macau, Hong Kong, Japan and Australia include heating and
therefore no natural gas is estimated for these countries for 2021. The same assumption has been retrospectively applied
to previous years so that the annual figures are comparable.
 ARC’TERYX | CLIMATE REPORT 2021 | 14

Aspect Methodology and Assumptions

Scope 1 Vehicle Fuel Expenditure data is used to calculate fuel consumption based on monthly average prices in Vancouver, BC, Canada. Leased vehicle mileage is
estimated based on average distance driven by BC residents.

Refrigerants Maintenance service providers issue reports of callouts for leakage repairs for our main Canada operations, and estimates are calculated for
retail stores with conservative assumptions made on the type of units and a leakage rate of 10% in alignment with IPCC guidelines.

Natural Gas Electricity and natural gas consumption is captured from invoices, except for retail stores. In this case, estimates are made using floor area, and
intensity measures are applied through an external sustainability software provider. The electricity intensity conversions used for the following
Scope 2 Electricity countries include heating and therefore no natural gas is estimated: China, Macau, Hong Kong, Japan, Australia.

Scope 3 Purchased Goods and Services Tier 1 and Tier 2 suppliers’ emissions are accessed via the Higg Facility Environmental Module (FEM) database and proportioned based on the
(finished goods and finished materials) amount of product attributed to Arc’teryx.

Purchased Goods and Services (raw materials) Tier 3 and Tier 4 emissions are estimated by calculating the total weight of materials and applying relevant global warming potential (GWP)
midpoints from the Higg Materials Sustainability Index (MSI). Footwear is excluded from Tier 2 to Tier 4 calculations due to lack of available
GWP data in the Higg MSI at the time of calculation.

Capital Goods (machinery and IT equipment) Expenditure data is used to calculate emissions by applying industry average conversion factors obtained from the UK Department for
Business, Energy and Industrial Strategy (BEIS).

Fuel and Energy-Related Activities Not Upstream emissions are calculated by applying appropriate emissions factors to Scope 1 and 2 emissions through an external sustainability
Included in Scope 1 or 2 software provider.

Upstream Transportation and Distribution The total weight of products and the distance travelled (tonne/km) for the three main methods of transport (air, ocean, ground) are calculated
(inbound and outbound freight) from purchase order data and appropriate emissions factors from BEIS are applied.

Upstream Transportation and Distribution Percentage of emissions calculated by Amer Sports for shared warehouses and distribution centers that are not under Arc’teryx direct control.
(distribution centers excluding Arc’One)

Waste Generated in Operations Waste service providers produce weight reports and emissions factors from BEIS are applied. For retail stores, waste is estimated using
number of people (FTE) and waste intensity factors from an external sustainability software provider.

Business Travel and Employee Commuting Business travel is partly arranged through an external software company which provides an annual emissions report, and partly through
internal expense reports where emissions factors are applied through an external sustainability software provider. A commuter survey was
conducted to establish a dataset on modes of travel and distances travelled that was extrapolated to all employees.
 ARC’TERYX | CLIMATE REPORT 2021 | 15

Independent practitioner’s limited assurance report on GHG emissions Scope 1, The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable
GHG emissions Scope 2 and GHG emissions Scope 3 assurance engagement and, consequently, the level of assurance obtained is substantially lower than the assurance that would have been
obtained had a reasonable assurance engagement been performed.
To the Directors of Arc’teryx Equipment, a Division of Amer Sports Canada Inc.
Our independence and quality control
We have undertaken a limited assurance engagement of the following metrics (the subject matter) of Arc’teryx Equipment, a Division
We have complied with the relevant rules of professional conduct/code of ethics applicable to the practice of public accounting and
of Amer Sports Canada Inc. (Arc’teryx) during the year ended December 31, 2021, as presented within Arc’teryx’s 2021 climate report,
related to assurance engagements, issued by various professional accounting bodies, which are founded on fundamental principles
hosted on Arc’teryx’s website1:
of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
GHG emissions – Direct (Scope 1) (tCO2e) for the year ended December 31, 2021 1,073
The firm applies Canadian Standard on Quality Control 1, Quality Control for Firms that Perform Audits and Reviews of Financial
GHG emissions – Indirect (Scope 2) (tCO2e) (market based methodology) for the year ended December 31, 2021 — Statements, and Other Assurance Engagements, and, accordingly, maintains a comprehensive system of quality control, including
documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal
GHG emissions – Indirect (Scope 3) (tCO2e) for the year ended December 31, 2021 46,064
and regulatory requirements.
Management’s responsibility
Inherent uncertainty
Management is responsible for the preparation of the subject matter in accordance with the Greenhouse Gas Protocol: A Corporate
Greenhouse Gas quantification is subject to inherent uncertainty because of incomplete scientific knowledge used to determine emissions
Accounting and Reporting Standard (The GHG Protocol) and Management’s internally generated criteria (the applicable criteria).
factors and the values needed to combine emissions of different gases. The precision of different measurement techniques may also vary.
Management is also responsible for such internal control as management determines necessary to enable the preparation of the
subject matter that is free from material misstatement, whether due to fraud or error. Conclusion
Based on the procedures we have performed and the evidence we have obtained, nothing has come to our attention that causes us to
Our responsibility
believe that Arc’teryx’s subject matter during the year ended December 31, 2021 is not prepared, in all material respects, in accordance
Our responsibility is to express a limited assurance conclusion on the subject matter based on the evidence we have obtained. We conducted
with the applicable criteria.
our limited assurance engagement in accordance with Canadian Standard on Assurance Engagements (CSAE) 3410, Assurance Engagements
on Greenhouse Gas Statements (CSAE 3410). This standard requires that we plan and perform this engagement to obtain limited assurance Purpose of statement and restriction on distribution and use of our report
about whether the subject matter is free from material misstatement. The subject matter has been prepared in accordance with the applicable criteria to report and assist management of Arc’teryx in assessing
their GHG emissions Scope 1, GHG emissions Scope 2 and GHG emissions Scope 3 performance. As a result, the subject matter may not be
A limited assurance engagement involves performing procedures (primarily consisting of making inquiries of management and others
suitable for another purpose. Our report is intended solely for Arc’teryx Equipment, a Division of Amer Sports Canada Inc.
within the entity, as appropriate, and applying analytical procedures) and evaluating the evidence obtained. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the decisions We acknowledge the disclosure of our report, in full only, by Arc’teryx Equipment, a Division of Amer Sports Canada Inc. at its discretion, in
of users of our report. The procedures are selected based on our professional judgment, which includes identifying areas where the risks Arc’teryx’s 2021 climate report without assuming or accepting any responsibility or liability to any other third party in respect of this report.
of material misstatement, whether due to fraud or error, in preparing the subject matter in accordance with the applicable criteria are
likely to arise.
Chartered Professional Accountants
Our engagement included, among others, the following procedures performed: Vancouver, BC
• Making enquiries of management to obtain an understanding of the overall governance and internal control processes relevant 11/10/2022
to the identification, management and reporting of the subject matter; PricewaterhouseCoopers LLP
• Analytical reviews and trend analysis of the subject matter; and PricewaterhouseCoopers Place, 250 Howe Street, Suite 1400, Vancouver, British Columbia, Canada V6C 3S7
• Performed testing on a limited sample of the underlying data of the subject matter. T: +1 604 806 7000, F: +1 604 806 7806, www.pwc.com/ca

“PwC” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership.

1
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may have occurred to the reported information or criteria since they were posted on the website.
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