Clarus Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- ESG-friendly outdoor business
Climate Goals & Targets
Medium-term Goals:
- Drive profitable growth in 2025 and 2026 by reinvesting in existing businesses
Short-term Goals:
- Rationalize unprofitable products and categories in Outdoor segment to set the stage for accelerated profitable growth opportunities in 2024
Environmental Challenges
- Challenging macroeconomic backdrop
- Difficult overall environment in Outdoor segment (8% year-over-year sales decrease)
- Lower demand from wholesale partners in both Australia and the United States (Adventure segment)
Mitigation Strategies
- Strategic plan to streamline business processes and capitalize on growth potential
- Hiring experienced leaders to guide Outdoor and Adventure segments
- Simplifying organizational structure, product categories, and channel strategy in Outdoor segment
- Aligning inventory with expected market demand in Outdoor segment
- Revamped go-to-market approach in Outdoor segment focusing on fewer, better products
- Rationalizing unprofitable products and categories in Outdoor segment
- Driving better SKU productivity, inventory management, and organizational efficiency in Adventure segment
- Acquisition of TRED Outdoors to expand market potential in Adventure segment
- Introduction of the new Pioneer 6 platform in Australia (Rhino-Rack)
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather conditions
- Natural disasters