In 2023, we conducted a double materiality assessment in preparation for the CSRD, confirming the most material sustainability topics for us. This process provided insights for shaping our sustainability strategy by identifying the outward impacts and inward dependencies of our business model.

The assessment covered the entire Amer Sports value chain, spanning both our own activities and those in the upstream and downstream segments. It included two perspectives:

• Impact materiality: What impacts does our business have on people and the environment?

• Financial materiality: What are the Environmental, Social, and Governance (ESG)-related business risks and opportunities that have a financial impact on our business?

The Amer Sports double materiality process

In the double materiality assessment, all topics across environmental, social, and governance domains were found to be material to Amer Sports’ business. This assessment identified key drivers in our value chain – both upstream and downstream – covering impact, risks, and opportunities.

In 2023, we explored key drivers of material topics (see the list below) such as climate change, circular economy, our employees, responsible procurement and supply chain, and business conduct. Consumers and end users will be a particular focus area in 2024.

Material topics

Environmental

• Climate change:
  • Own operations (GHG^* emissions Scopes 1 & 2)
  • Value chain (GHG emissions Scope 3)
• Circular economy:
  • Materials and design for recyclability
  • End-of-life and recycling
• Nature and water:
  • Pollution
  • Water & marine resources
  • Biodiversity and ecosystems

Social responsibility

• Responsible procurement and supply chain:
  • Human rights
  • Labour rights
• Consumers and end-users:
  • Privacy
  • Responsible marketing and communications
  • Product compliance
• Own employees
  • Employee engagement
  • Diversity, equity, and inclusion (DEI)
  • Health and safety
• Affected communities

Governance

• Business conduct
  • Privacy
  • Ethics and compliance
  • Anti-bribery and anti-corruption
  • Whistleblowing
  • Human rights

^* GHG emissions = greenhouse gas emissions. See the description of Scopes 1–3.