Climate Change Reporting
Introduction
Helen of Troy Limited (the “Company”) is a global consumer products company offering creative solutions for our customers in two business segments: Home & Outdoor and Beauty & Wellness. Helen of Troy purchases its products from unaffiliated manufacturers. More information concerning our business performance and organizational structure is in our most recent Form 10-K filing on our website (www.helenoftroy.com).
These climate-related disclosures refer to the framework from The Final Report of Recommendations of the TCFD (June 2017) published by the TCFD (Task Force on Climate-related Financial Disclosures).
In this reporting to California’s Climate-Related Financial Risk Act (SB261), we have compiled disclosures related to the following TCFD recommendations based on activity during the fiscal year (FY) 2025:
- Governance: Oversight of climate-related risks and opportunities by our Board and management.
- Strategy: Identification of key climate-related risks and opportunities, including short-, medium, and long-term impacts.
- Risk Management: Processes for identifying and managing climate-related risks.
- Metrics and Targets: Disclosure of select climate-related metrics, including Scope 1 and 2 emissions.
However, our disclosures remain limited or are not yet included in detail. The reasons for this are:
- Data availability and quality: We are still in the process of enhancing systems to capture consistent, high-quality data, particularly for Scope 3 emissions and climate scenario analysis.
- Internal alignment: Some disclosures require further integration across business units to ensure consistency and relevance.
- Evolving regulatory landscape: We are monitoring developments in climate disclosure regulations to ensure our reporting remains compliant and forward-looking.
We are in the process of developing plans to strengthen our disclosures, with a focus on identifying and addressing gaps relative to the TCFD framework and CARB SB 261 requirements. Our goal is for future reporting to be aligned with these standards.
On June 4, 2026, the Company issued its fiscal year 2026 Sustainability Report (the “Sustainability Report). The Sustainability Report is not, and should not be considered, incorporated or otherwise part of any of the Company’s filings or reports with Securities Exchange Commission. Please refer to Forward-Looking Statements and Disclaimer on page 59 and About this Report on page 64 of the Sustainability Report. Terms used but not defined herein will have the same meanings ascribed to those terms in the Sustainability Report.
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Reporting Elements |
Company Disclosure |
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Describe the Board's oversight of climate related risks and opportunities. |
As we manage our business and organization for the long-term, our management is responsible for the ongoing assessment and mitigation of the risks we face. The Board oversees management’s policies and procedures in addressing these and other risks. Additionally, each of the Board’s four committees (Audit Committee, Compensation Committee, Nominating Committee, and Corporate Governance Committee) monitor and report to the Board on the risks that fall within the scope of such committee’s area of oversight responsibility. For example, the Corporate Governance Committee directly oversees risk management regarding corporate governance and specific sustainability-related risks, including climate change, inclusion, human capital, and environmental and natural capital management. Our Board of Directors, through the Corporate Governance Committee, oversees climate change-related risks and opportunities through its regularly scheduled meetings, such as priority topics, targets and goals, any key ongoing initiatives and reporting. The Board oversees management’s policies and procedures in addressing these and other risks. More details can be found in the Governance section of our FY26 Sustainability Report, pages 28-29. |
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Describe management's role in assessing and managing climate-related risks and opportunities. |
Management works with the respective Board committees to communicate risk factors to the Board and to enable the Board to understand our risk identification, risk management and risk mitigation measures relating to strategic matters. The Vice President, Regulatory, Sustainability, and Governance, who reports directly to the General Counsel, regularly updates the Board’s Corporate Governance Committee, coordinates with relevant senior management and functional heads on the identification, assessment, and management of climate-related risks and opportunities at least annually. |
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Describe the climate-related risks and opportunities the organization has identified over the short-, medium-, and long-term. |
Our risks may lie both in direct operations and upstream/downstream value chain. From internal discussions, we believe, our opportunities lie in the products that we sell. For example, air purifiers, fans, etc that can help in adapting to climate change impacts. However, we do not yet believe this is an immediate strategic priority. |
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Describe the impact of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning. |
We are closely monitoring the impacts of both risks and opportunities as part of our enterprise risk management process, which is discussed on our FY26 Form 10-K pages 7, 8, 9, 12, 21, 22. |
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Describe the resilience of the organization's strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. |
In general, we will continue to transition to low-carbon technologies (eg procurement of renewable energy, moving fleet towards EVs and hybrids), energy-efficient equipment and practices and supplier engagement to achieve our GHG emission targets. We are still assessing how we might respond to build resiliency into our strategy taking into account different climate-related scenarios. |
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Describe the organization's processes for identifying and assessing climate-related risks. |
The Vice President, Regulatory, Sustainability, and Governance coordinates with relevant senior management and functional heads on the identification and assessment of climate-related risks. We give greater focus to the risk areas where we can have the highest impact and those that align with our business objectives. Our ongoing assessment is aimed to be aligned with TCFD recommendations, and currently covers direct operations, upstream and downstream and short-term, medium-term, and long-term horizons. We are currently assessing these broad categories of climate-related risk as identified under TCFD: regulation (current/emerging), technology, legal, market, reputation, physical (acute/chronic), and transition. The Company defines short-term as one fiscal year; medium term from 1-5 years, aligned with the timeline of our strategic transformation plan and long-term from 6 years and above, which is greater than the number of years in our strategic transformation plan. |
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Describe the organization's processes for managing climate-related risks. |
Results from the ongoing assessment are shared with relevant senior management and the Board through the Corporate Governance Committee. Management measures will be identified and discussed as appropriate. Our business segments undertake their own specific supplier engagement, such as working closely with key suppliers with the goal of improving their environmental impacts. These include focus on supplier energy efficiency and reporting on energy and climate change as part of our goals with our key customer(s). |
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Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization's overall risk management. |
Results from the ongoing assessment are shared with relevant senior management and the Board through the Corporate Governance Committee. Mitigation measures are developed and implemented by the Vice President, Regulatory, Sustainability, and Governance with the subject matter experts in the relevant functions within the Company. |
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Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. |
Assessment and development ongoing in accordance with the TCFD. Metrics include baseline water stress and water use, energy use, and waste management on page 37. More information is in our Sustainability Report here. |
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Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas emissions and the related risks. |
In CO2e metric tonnes Scope 1: 2,230 Scope 2: location based: 5,709 Scope 3: 138,597 (includes 3.1 – 3.7, refer to Data Methodologies & Assumptions on page 55) Emissions intensity: metric ton CO2e/per million revenue Scope 1 & 2 - location based: 4.44 Scope 3: 77.59 More details are in our Sustainability Report. |
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Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
Climate change targets approved in accordance with the Science Based Targets initiative in Oct 2021: Helen of Troy commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by fiscal 2030 from a fiscal 2020 base year. Helen of Troy also commits to reduce absolute scope 3 GHG emissions 42% by fiscal 2030 from a fiscal 2021 base year. Refer to Environmental Performance data on page 37. |
