Our Broader

Value

2022 CORPORATE

SOCIAL

RESPONSIBILITY

REPORT

2022 CORPORATE SOCIAL RESPONSIBILITY REPORT

OVERVIEW

ASSOCIATES

COMMUNITIES

ENVIRONMENT

SUPPLY CHAIN

GOVERNANCE & ETHICS

DATA &

DISCLOSURES

Welcome

Overview

2

Supply Chain

35

2022 Milestones

3

Supplier Risk Management

36

Reflections on the Year

4

Human Rights

38

Burlington: Serving Communities for 50 Years

5

Product Quality and Safety

39

CSR Approach

7

Governance & Ethics

40

Associates

10

Governance and Accountability

41

Diversity, Equity, & Inclusion

11

Ethical Conduct

43

Great Place to Work

16

Risk Management

45

Growing with Burlington

18

Data & Disclosures

46

Safety and Wellbeing

20

Relevant ESG Topic Definitions

47

Communities

23

ESG Data Tables

49

Customer Giving

24

GRI Index

57

The Burlington Stores Foundation

25

SASB Index

61

Corporate Giving

27

TCFD Index

63

Environment

Forward-Looking and Cautionary Statements

64

28

Sustainability 2.0

29

Energy and Climate

30

Waste and Product End-of-Life

33

About This Report

This report highlights our Corporate Social Responsibility (CSR) efforts and focuses on the Environmental, Social, and Governance (ESG) issues of greatest importance to our stakeholders. It has been prepared with reference to the Global Reporting Initiative (GRI) Standards. It also aligns with several broader frameworks, including the Sustainability Accounting Standards Board (SASB), CDP Climate Change, the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (SDGs).

We incorporate feedback from stakeholders, including investors, into our CSR report, and the report is reviewed by our ESG/CSR Executive Committee and presented to our Board of Directors prior to release. Information in this report principally covers our 2022 fiscal year (FY 2022), which ended on January 28, 2023. Where "2022" is referred to, it means FY 2022, and all data refers to FY 2022 unless otherwise stated. Environmental data points, including greenhouse gas (GHG) emissions, are based on activity between February 1, 2022 and January 31, 2023. "Associates" refers to corporate, store, distribution center/warehouse, and field employees of the Company, and "sustainability" refers to environmental sustainability. If you would like further information or to provide any feedback, email us at Info@BurlingtonInvestors.com.

  • JUMP TO DATA & DISCLOSURES

2

2022 CORPORATE SOCIAL

GOVERNANCE

DATA &

RESPONSIBILITY REPORT

OVERVIEW

ASSOCIATES

COMMUNITIES

ENVIRONMENT

SUPPLY CHAIN

& ETHICS

DISCLOSURES

2022 Milestones

Associates

Communities

Environment

Supply Chain

Governance & Ethics

Increased

$4m+

45%

New

DIVERSITY OF MANAGEMENT

IN CUSTOMER GIVING

REDUCTION IN SCOPE 1&2

ENVIRONMENTAL

AND SENIOR MANAGEMENT

GHG EMISSIONS1

SUPPLIER SCREENING

95%

$1.6m+

9%

New

OF ASSOCIATES BELIEVE THEIR

IN BURLINGTON STORES

RENEWABLE ENERGY

PARTNERSHIP WITH THE

MANAGER TREATS THEM FAIRLY,

FOUNDATION GRANTS

CONSUMPTION2

NATIONAL MINORITY SUPPLIER

REGARDLESS OF THEIR IDENTITY,

AND DONATIONS

DEVELOPMENT COUNCIL

PER 2022 PULSE SURVEY

385k+

60k+

63%

Released

HOURS OF ECOURSES

ITEMS OF MERCHANDISE

OF WASTE DIVERTED

CHEMICAL MANAGEMENT

COMPLETED

DONATED TO COMMUNITIES

FROM LANDFILLS

STATEMENT AND PROGRAM

  1. Square foot intensity compared to 2016 baseline.
  2. Percentage of total RECs compared to total electricity consumption.

30%

OF BOARD MEMBERS

WERE FEMALE

Board oversight

OF ESG MATTERS

Benchmarked

AGAINST NATIONAL INSTITUTE OF

STANDARDS AND TECHNOLOGY

CYBERSECURITY FRAMEWORK

3

2022 CORPORATE SOCIAL RESPONSIBILITY REPORT

OVERVIEW

ASSOCIATES

COMMUNITIES

ENVIRONMENT

SUPPLY CHAIN

GOVERNANCE & ETHICS

DATA &

DISCLOSURES

Reflections

ON THE Year

87

NET NEW STORES OPENED IN 2022

Michael

O'Sullivan

CHIEF EXECUTIVE

OFFICER

2022 marked our 50th anniversary as an off-price retailer. From our origins as a single retail store in Burlington, New Jersey to operating over 900 brick and mortar stores nationwide, in this report we consider the broader value we can create for the communities where we work and live.

Whether it's the more than one million Associates who have worked for Burlington, the tens of millions of customers who have shopped in our stores, or the enormous variety of vendor partners and investors we work with, we can be proud of the trusted reputation we continue to hold in our communities. The hard-earned loyalty of customers was tested in FY 2022 as we faced strong economic headwinds, notably inflation affecting the lower income shopper.

The theme of this report, Our Broader Value, highlights the value that our ever-evolving Corporate Social Responsibility (CSR) program - and the Burlington Full Potential strategy - brings to our Associates, customers, communities, and investors.

CSR is fundamental across our organization

  • not only because it's the right thing to do and aligns with our values, but because it makes solid business sense. In fact, the way we approached CSR in 2022 is reflected in how we created broader value across our business.

Whether it was opening 87 net new stores and creating opportunities for diverse talent; celebrating our customers for donating over $4 million through store checkout campaigns for non-profit organizations that support our communities; upholding human rights in our supply chains; or focusing on energy-saving projects that help to reduce emissions in our communities while making substantial savings to our bottom line - we can be proud of the CSR progress made, despite difficult economic circumstances.

As we look ahead, I am committed to ensuring that Burlington continues to define success in part by how effectively we pair our growth with adding broader value to the communities and customers we serve.

Thank you for your interest in Burlington.

Michael O'Sullivan

CHIEF EXECUTIVE OFFICER

4

2022 CORPORATE SOCIAL RESPONSIBILITY REPORT

OVERVIEW

ASSOCIATES

COMMUNITIES

ENVIRONMENT

SUPPLY CHAIN

GOVERNANCE & ETHICS

DATA &

DISCLOSURES

Burlington: Serving Communities for 50 Years

Since 1972 we've been serving customers with high quality, branded merchandise at everyday low prices. Today, as a Fortune 500 company, those same

2022 NATIONAL STORE FOOTPRINT

values are evident in our CSR approach and in how we plan for a profitable yet sustainable future.

At Burlington, we know that some of our customers "want" a deal but we believe that most of our shoppers "need" a deal. We meet that need by offering everyday low prices,

at up to 60% off other retailers' prices,

on an extensive assortment of brand name merchandise for the entire family and home. We ended FY 2022 with 927 stores and net sales of $8.7 billion.

With 87 net new stores opened during the year, we have further solidified our position in the off-price retail market. We expect to open an additional 70 to 80 net new stores in 2023, and an additional 500 to 600 net new stores over the following five years.

129

WEST STORES

WA

16

MT

OR

7

ID

3

WY

NV

13

UT

CA

9

CO

101

14

AZ

NM

20

5

AK

2

169

SOUTHWEST

STORES

ND

1

SD

1

NE

4

KS

5

OK

8

TX

100

172

MIDWEST

STORES

13

NY

ME

MA

193

3

NH

MN

VT

4

WI

57

20

NORTHEAST

STORES

10

MI

RI

IA

25

PA

6

CT

4

OH

41

NJ

15

IL

IN

30

44

42

18

WV

VA

DE

MO

1

26

3

11

KY 8

NC

MD

21

TN 15

26

AR

SC

6

12

264

7

AL

GA

MS

10

30

2

LA

SOUTHEAST

STORES

FL 93

PR

15

5

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Disclaimer

Burlington Stores Inc. published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2023 17:28:06 UTC.