Climate Change Data

Environmental Metrics

ESG Focus Areas

• People
• Product
• Places

Environmental Achievements

• Diverted 298,000 pounds of material from landfill in 2020 and another 157,000 pounds through July 2021.
• Since launching hats with NetPlus® materials, helped divert 17,700 pounds of fishing net waste and achieved an estimated 50% reduction in the carbon footprint of hat brim plastic compared to using virgin plastic.
• Since 2018, preferred packaging initiatives have eliminated 146 tons of plastic and 209 tons of paper from products.

Social Achievements

• Increased percentage of female employees in global workforce to 47% in 2021 (from 44% in 2020).
• Increased percentage of women in leadership roles from 41% in 2020 to 45% in 2021.
• Donated $1 million in product to healthcare workers and 3,500 pieces of drinkware to breweries affected by the COVID-19 pandemic in 2020.
• Contributed over $1 million to community organizations and foundations working on conservation and representation in the WILD.

Governance Achievements

• Established an enterprise risk framework for identifying, aggregating, and evaluating risk across the enterprise, including ESG topics.
• All new employees are required to acknowledge they have read and understand our Code of Business Conduct, and all employees and directors are required to participate in annual training on our Code of Business Conduct and related policies.

Climate Goals & Targets

Environmental Challenges

• COVID-19 travel restrictions affected audit schedule and on-site presence at suppliers’ facilities.
• Managing Scope 3 emissions (from purchased goods and services, upstream transportation and distribution).
• Reducing plastic poly bags used in product shipping.

Mitigation Strategies

• Monitored COVID-19 situation closely, shared resources and prevention procedures, tracked case numbers globally, issued prevention guidelines and emergency protocols, and maintained regular communication and reporting.
• Leveraged HiggFEM data to investigate emissions hotspots in manufacturing value chain; will deliver guidance and expectations to help suppliers reduce emissions and energy use.
• Incorporating recycled content and phasing out poly bags where possible; participating in industry initiatives and exploring material alternatives to reduce plastic footprint.

Supply Chain Management

Supplier Audits: 4 new tier 1 suppliers audited in 2020; self-assessment questionnaires sent to top 25 suppliers by spend.

Responsible Procurement

• Supplier Code of Conduct (based on ILO conventions and FLA standards), Responsible Sourcing Guide, Permitted Sourcing Countries Risk Matrix.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB, TCFD

Sustainable Products & Innovation

• Products using Bureo® NetPlus® material (recycled fishing nets).

Environmental Metrics

ESG Focus Areas

• Governance
• Ethics & Compliance
• Diversity, Equity, & Inclusion
• Human Capital Management
• Impact Through the Supply Chain
• Fair and Safe Labor Practices
• Human Rights
• Product Quality & Safety
• Circular Design
• Safer Chemistry
• Climate Action
• Product & Packaging Materials
• Waste

Environmental Achievements

• Removed BPA, BPS and BPF from all food contact surfaces.
• Reduced net Scope 2 emissions by 62% in 2021 compared to our 2020 baseline.
• Diverted 310,300 pounds of material from landfill in 2021, with an average monthly landfill diversion rate of 97%, in our distribution centers.
• Increased FSC content in paper packaging from 4% in 2021 to 25% in 2022.

Social Achievements

• Maintained gender pay equity across all levels.
• Increased gender diversity and racial and ethnic diversity of our leaders by 2% compared to our 2020 baseline.
• Provided over 2,800 cumulative live learning and development hours to our YETIzens globally in 2021.
• Expanded daycare benefits, enhanced paid bonding leave policy, provided vaccination drives, and provided expanded musculoskeletal, maternal care, and blood pressure management benefits to U.S.-based YETIzens.

Governance Achievements

• Mandatory quarterly compliance training for all YETIzens and annual Code of Business Conduct training for the Board of Directors.
• Access to a third-party hotline for anonymous reporting of concerns or violations.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions increased by 32% from 2020 to 2021 due to company growth.
• COVID-19 travel restrictions limited the ability to audit some suppliers in 2021.
• 3% of packaging by weight is not recyclable due to tape used to secure products.

Mitigation Strategies

• Working with the Outdoor Industry Association Climate Action Corps and peers to conduct energy and emissions audits of manufacturing facilities.
• Collaborating with advisor South Pole to map renewable energy opportunities for suppliers.
• Resumed regular audits with many suppliers.
• Piloting a paper-based, water-activated tape to replace plastic-based tape.

Supply Chain Management

Supplier Audits: 13 Tier 1 supplier facilities audited in 2021

Responsible Procurement

• Supplier Code of Conduct
• Human Rights Policy
• Responsible Sourcing strategy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Sustainable Products & Innovation

• YETI hats with hard brims using 100% post-consumer recycled NetPlus® material
• Short and long sleeve t-shirts using recycled polyester

Environmental Metrics

ESG Focus Areas

• People
• Product
• Places

Environmental Achievements

• Reduced Scope 1 emissions by 37% compared to 2021
• Increased total usage of post-consumer recycled content in packaging by 49%
• Achieved 100% renewable electricity in Austin headquarters through Austin Energy’s GreenChoice program
• Launched YETI RESCUES™ and Rambler™ Buy Back programs, covering over 70% of product portfolio

Social Achievements

• Maintained gender pay equity across all levels
• Increased racial and ethnic diversity at leadership levels from 14% to 21%
• Increased female Ambassadors to 23%
• Increased Ambassador racial and ethnic diversity to 13%
• Increased international Ambassadors to 21%
• On-site audits covered 50% of Tier 1 footprint

Governance Achievements

• 100% of Tier 1 suppliers re-committed to updated Supplier Code of Conduct
• 100% participation rate in mandatory annual Code of Business Conduct training

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions increased by 96% due to expanded methodology
• Decreased gender diversity at leadership levels from 41% to 32%
• Supply chain constraints, cost premiums, and raw material availability hindering progress on preferred materials
• Maintaining high quality and performance standards while increasing recycled content in hard goods

Mitigation Strategies

• Partnered with Watershed to better understand carbon emissions and leverage data for reduction
• Implementing DE&I strategy to attract and retain diverse talent
• Collaborating with material suppliers and manufacturers to develop lower impact materials
• Conducting rigorous testing to ensure performance and durability standards are met while using preferred materials

Supply Chain Management

Supplier Audits: 28 audits in 2022

Responsible Procurement

• Supplier Code of Conduct
• Human Rights Policy
• Risk-based approach to auditing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Sustainable Products & Innovation

• Yonder™ bottle with 50% recycled content

Environmental Metrics

ESG Focus Areas

• People
• Product
• Places

Environmental Achievements

• Reduced Scopes 1 and 2 emissions by 62% since 2020 baseline.
• 90% of packaging was recyclable (by weight) in 2023.
• 69% of waste across U.S. and Canada distribution centers, global offices, and innovation centers was diverted from landfill in 2023.

Social Achievements

• Launched a global in-house learning and development program.
• Expanded benefits to support employees’ physical, mental, and financial health.
• YETI was selected as one of Glassdoor’s Best Places to Work in 2024.
• No recordable safety incidents across our U.S. operations in 2023.

Governance Achievements

• Maintained gender pay equity across all levels annually.
• Annual compliance training for all employees and the Board on the Code of Business Conduct.
• Established a Compliance Leadership Council (CLC).

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions increased due to improved measurement methodologies and data collection practices and planned organic business growth.
• Challenges to scale material substitutions include supply chain constraints, cost premiums, traceability, and the technical development of low-impact alternatives.
• Finding recyclers or downcyclers that are able to convert mixed-material products not eligible for resale or donation.
• Lack of local infrastructure, access to recycling technologies, and the lower value of recyclable material in achieving zero waste.

Mitigation Strategies

• Deepened partnership with Watershed to measure emissions and model reduction pathways.
• Participation in Austin Energy’s GreenChoice program and purchasing RECs.
• Participation in the Drinkware Decarbonization CoLab.
• Introduced a new requirement to report on clean energy usage allocated to YETI production.
• YETI RESCUES and Rambler Buy Back programs.
• Internal donation program for products with damaged packaging.
• Collaboration with partners to safely make the best use of resources.

Supply Chain Management

Supplier Audits: 30/year

Responsible Procurement

• Supplier Code of Conduct
• Human Rights Policy
• Sedex membership requirement

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Third-party Assurance: Apex Companies, LLC (limited assurance on GHG emissions)

Sustainable Products & Innovation

• Yonder bottle with recycled copolymer
• Drinkware lids and accessories with recycled copolymer
• Hard cooler baskets with recycled copolymer
• T-shirts with recycled polyester
• Hat brims with recycled fishing nets

Awards & Recognition

• Glassdoor’s Best Places to Work in 2024