Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Conducted the Company’s first-ever baseline assessment of our Scope 1 and Scope 2 energy use and greenhouse gas emissions

Social Achievements

• Over $1 million invested in supporting record-clearing, wrap-around and ancillary services for people impacted by the war on drugs
• 23,000 patients registered for the Company’s Compassionate Pricing Program through Spectrum Therapeutics
• Approaching gender parity of women in the Company’s global workforce, with women making up 48% of the global workforce.

Governance Achievements

• Established a new Diversity, Equity and Inclusion (“DEI”) department
• Developed a multi-year DEI strategy focused on systems and accountability, increased representation, creating a culture of inclusion, and increased education and awareness.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, UN Sustainable Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Social Achievements

• Initiated a number of mental-health programs and offered supplemental resources to all employees during the COVID-19 pandemic.
• Partnership with Cannabis Amnesty, a non-profit focused on the disproportionate impact of cannabis prohibition in Canada.
• Three-way partnership with the University of British Columbia and British Columbia Ministry of Mental Health and Addictions to create the Canopy Growth Professor of Cannabis Science.

Governance Achievements

• All employees complete annual training on applicable corporate policies including our Code of Business Conduct and Ethics, Whistleblower Protection Policy, Insider Trading Policy and Anti-Bribery and Anti-Corruption Policy.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations, supply chains, and consumer demand.
• Highly competitive market conditions.
• Extensive regulation and licensing requirements.
• Limited long-term data on product efficacy and safety.
• Risks associated with agricultural business (weather, pests, diseases).
• Maintaining consumer brand recognition and loyalty.
• Securing adequate and reliable funding.
• Transitioning operations of acquired businesses.
• Cybersecurity risks and data protection.
• Potential for product liability claims.
• Attracting and retaining skilled labor.
• Maintaining effective internal control over financial reporting.
• Counterparty and liquidity risks.
• Fluctuations in wholesale and retail prices.
• Potential conflicts of interest with CBI Group.
• US regulatory uncertainty regarding cannabis and hemp.

Mitigation Strategies

• Established a COVID-19 Management Committee and implemented various measures to reduce the spread of the virus.
• Right-sized production footprint to align with market demand.
• Focus on consumer insights, analytics, and product development.
• Investment in R&D and product innovation.
• Strategic partnerships and acquisitions.
• Implementation of a new “Total Rewards Program” for employees.
• Robust internal control policies and procedures.
• Hedging strategies to mitigate price fluctuations.
• Credit Facility to secure funding.
• Detailed procedures in place for testing finished products.
• Work-from-home policies for certain employees.
• Ongoing monitoring of activities of TerrAscend, SLANG and other entities for compliance with United States cannabis laws.

Supply Chain Management

Climate-Related Risks & Opportunities