Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Planned relocation to a LEED building / Net Zero objective
• Support for local agriculture and supply chain: 2000 farm products; 600 products from local agriculture; Quebec beef raised using sustainable farming practices; several certifications for products from sustainable agriculture and fisheries

Social Achievements

• Code of conduct (employees, suppliers, other stakeholders)
• Improved workplace health and safety record
• Support for charitable organizations

Governance Achievements

• Desire to increase the representation of women and designated groups on the board of directors
• 20% of executives are women

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

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

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Obtained "Fourchette Bleue" certification for its subsidiary, Les Pêcheries Norref Québec inc., supporting sustainable fisheries and Quebec's food policy.

Social Achievements

• Continued investment in sales force to expand into previously untapped regions of Quebec.
• Investment in improving the positioning of its private label.
• Improving employee engagement; launching employer branding; and prioritizing effective internal communication.

Governance Achievements

• Not disclosed

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: Null

Certifications: Fourchette Bleue

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Received the "Blue Fork" certification for its subsidiary Les Pêcheries Norref Québec Inc., aligning with Quebec's Biofood Policy.

Social Achievements

• 13% investment in 9374-1502 Québec inc. ("Maturin"), a company offering food from over 600 Quebec farms, contributing to Quebec's food autonomy.
• Setting objectives in terms of environment, social and governance ("ESG").
• Improve employee engagement; Launch of the employer brand; and Prioritize efficient communication within the organization.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increase in labor costs and other supply chain costs, as well as investments to expand territory.
• Higher interest rates and an increase in debt level.

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: Null

Certifications: Blue Fork

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Received the "Blue Fork" certification for its subsidiary Les Pêcheries Norref Québec Inc., aligning with Quebec's Biofood Policy.

Social Achievements

• 13% investment in 9374-1502 Québec inc. ("Maturin"), a company offering food from local farms and processors, contributing to Quebec's food autonomy.
• Setting objectives in terms of environment, social and governance ("ESG").
• Improve employee engagement; Launch of the employer brand; and Prioritize efficient communication within the organization.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increased labor costs and other supply chain costs due to inflation.
• Supply chain disruptions (implied by increased supply chain costs).

Mitigation Strategies

• Investments to expand territory and improve private label positioning.
• Supply optimization project between warehouses.

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: Null

Certifications: Blue Fork

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment, Social, and Governance (ESG)

Social Achievements

• Invest in employee training
• Optimize the benefits of our new employer brand

Governance Achievements

• Implementation of environment, social and governance ("ESG") objectives

Climate Goals & Targets

Environmental Challenges

• More difficult macroeconomic environment during the first quarter of 2024 that directly affected the restaurant industry

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Relocation to a building aiming for LEED certification / Net Zero objective.

Social Achievements

• Supporting local agriculture and supply chain (2000 farm products; 600 products from local agriculture; Quebec beef raised using sustainable farming practices).
• Multiple certifications for products from sustainable agriculture and fisheries.
• Code of conduct (employees, suppliers, other stakeholders).
• Improvement of workplace health and safety record.
• Supporting charitable organizations.

Governance Achievements

• Desire to increase the representation of women and designated groups on the board of directors.
• 20% of executives are women.

Climate Goals & Targets

Environmental Challenges

• Decrease in sales to the restaurant segment in our Wholesale and Distribution activities in the context of a more challenging macroeconomic environment.
• Decrease in sales volume; Increase in operating expenses.

Mitigation Strategies

• Continuing optimization of processes, category management, and procurement.
• Further improving the product mix: Private brands; National brands; Specialty.
• Cross-selling initiatives.

Supply Chain Management

Responsible Procurement

• Supporting local agriculture and sustainable farming practices.
• Code of conduct for suppliers.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• 2000 farm products; 600 products from local agriculture; Quebec beef raised using sustainable farming practices

Environmental Metrics

ESG Focus Areas

• Environment, Social, and Governance (ESG)

Social Achievements

• Investment in employee training
• Implementation of environment, social and governance (“ESG”) objectives

Climate Goals & Targets

Environmental Challenges

• More difficult macroeconomic environment affecting restaurant and retail industries
• Risk related to bid solicitations processes for a supply agreement with an important customer expiring in December 2024.

Mitigation Strategies

• Acquisition of assets related to foodservice activities from Beaudry & Cadrin Inc.
• Amendment and restatement of the credit facility
• Investment and modernization of certain distribution centers and divisions
• Continued development in Western Quebec
• Seizing acquisition opportunities

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment, Social, and Governance (ESG)

Social Achievements

• Investment in employee training
• Optimize the benefits of our new employer brand

Governance Achievements

• Changes to the Board of Directors

Climate Goals & Targets

Environmental Challenges

• More difficult macroeconomic environment in 2024 affecting restaurant and retail industries

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Social Achievements

• Investment in employee training

Governance Achievements

• Election of Mme Laurie Gauthier to the board of directors

Climate Goals & Targets

Environmental Challenges

• Difficult macroeconomic environment affecting the restaurant and retail sectors
• Increased operating expenses due to higher cost of living and investments to expand territory

Mitigation Strategies

• Improved inventory turnover rate
• Delayed supplier payments
• Acquisition of assets related to food service activities from Beaudry & Cadrin Inc.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS