Introduction
This Report has been prepared by Maple Leaf Sports & Entertainment Partnership (“MLSE”, “our” or “we”) for the year ended December 31, 2025 (the “Reporting Period”) in accordance with the requirements of Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”). This Report constitutes MLSE’s third annual report under the Act.
MLSE is committed to preventing the use of forced labour and child labour in its operations and supply chains. This Report describes the measures takenby MLSE during the Reporting Period to prevent and reduce the risk that forced labour or child labour is used at any stage of the production of goods imported or sold by MLSE.
About This Report
This Report is made on behalf of Maple Leaf Sports & Entertainment Partnership and its affiliate, Maple Leaf Sports & Entertainment Ltd., each of which is a reporting entity under the Act (collectively, the “Reporting Entities”).
This Report has been prepared and presented pursuant to the requirements set out in the Act. The scope of this Report relates to the operations and supply chain of the Reporting Entities, which collectively are referred to in this Report as “we”, “our”, and “MLSE”. This Report describes the steps the Company took during the year ended December 31, 2025, to prevent and reduce the risk that forced labour or child labour was used at any step of the production of goods in Canada or elsewhere by MLSE or of goods imported into Canada by MLSE, and includes other information required by the Act. This Report has been reviewed by management and approved by the MLSE Board of Directors.
Business Structure, Activities and Supply Chains
MLSE is primarily engaged in the operation of professional sports teams,along with related businesses including operating entertainment venues, liveevents, restaurants, and retail stores. MLSE is based in Toronto, Ontario,Canada.
MLSE does not manufacture any goods, however MLSE purchases and sells toretail consumers a variety of goods including sports uniforms and jerseys, lifestyle apparel, and other sports-related merchandise including collectibles and souvenirs, along with selling food products to consumers through restaurants and food service operations at our venues.
The MLSE supply chain consists of a mix of goods that we purchase directly pursuant to supplier agreements with vendors, and team-branded goodspurchased pursuant to licensing agreements with our Leagues.
A significant portion of goods sold by MLSE are purchased for sale at physical venues and retail locations. Certain categories of goods, including apparel, merchandise, and certain food products, may involve global supply chains.
Measures Taken During the Reporting Period
MLSE continued to take steps during the Reporting Period to prevent andreduce the risk of forced labour and child labour in its supply chains, including:
· Supplier Code of Conduct Implementation: Continuing integration of the Supplier Code of Conduct into supplier agreements and implementing a plan to require adherence in new supplier contracts;
· League Engagement: Engaging with our league partners (NHL, NBA, MLS andCFL, collectively, the “Leagues”) to understand and encourage measures addressing forced labour and child labour risks; and
· Policy Review and Training Development: Reviewing and enhancing the Supplier Code of Conduct and continued roll-out of training for procurement and related personnel.
Policies and Due Diligence
In 2021, MLSE implemented a Supplier Code of Conduct which sets out expectations regarding labour practices, including prohibitions on forced labour and child labour. The Supplier Code of Conduct includes provisions addressing forced labour, child labour, working conditions, and compliance with applicable labour laws. We have continued to require compliance with our Supplier Code of Conduct in new and renewed contracts and supplier relationships, and MLSE now requires adherence for a majority of suppliers.
MLSE’s Supplier Code of Conduct is available online athttps://www.mlse.com/our-company/supplier/supplier-code-of-conduct.
MLSE engages with suppliers and League partners to understand andencourage adoption of responsible sourcing practices. Certain leagues maintain supplier standards applicable to licensed manufacturers, which MLSE considersas part of its broader risk mitigation approach.
Assessing and Managing Risk
MLSE recognizes that forced labour and child labour can be present inglobal supply chains. the manufacture of goods in Canada and overseas. MLSE has identified that higher inherent risks may arise in connection with (i) goods manufactured outside of Canada and (ii) certain categories of food products, including seafood. MLSE seeks to mitigate these risks through supplier contractual requirements, including adherence to the Supplier Code of Conduct.In addition, MLSE has implemented enhanced contractual provisions for certainhigher-risk categories, including requirements relating to labour standards and working conditions.
MLSE also considers supplier practices and, where applicable, league-level governance frameworks as part of its approach to mitigating risk.
Remediation Measures
In the event that MLSE becomes aware, is informed of, or discovers orreasonably believes there to be forced and child labour in its supply chains, MLSE will investigate and take appropriate steps, which may include workingwith suppliers to implement corrective actions or terminating relationships where necessary.
To date, MLSE has not identified any instances of forced labour or child labour in our supply chains during the Reporting Period and therefore no remedial measures have been taken, including those related to remediating the economic impact on the most vulnerable families.
Training
During the Reporting Period, MLSE continued the implementation of atraining module developed during the 2024 calendar year. This training module has been implemented for employees involved in procurement activities across arange of relevant business functions. The module focuses on identifying risks of forced labour and child labour, understanding the impacts of these practices, and includes training on the MLSE Supplier Code of Conduct.
Assessing Effectiveness
MLSE has not identified any instances of forced labour or child labour inits supply chain during the Reporting Period. MLSE continues to assess effectiveness through supplier engagement, internal review processes, and ongoing dialogue with League partners. MLSE will continue to evaluate opportunities to enhance its effectiveness measures, including through further development of supplier oversight processes and internal monitoring.
Approval and Attestation
In accordance with the requirements of the Act, and in particular section11 thereof, I attest that I have reviewed the information contained in thereport for the entity or entities listed above. Based on my knowledge, and having exercised reasonable diligence, I attest that the information in thereport is true, accurate and complete in all material respects for the purposesof the Act, for the reporting year listed above.
I have the authority to bind Maple Leaf Sports & Entertainment Ltd.,managing partner of Maple Leaf Sports & Entertainment Partnership.
Keith Pelley
President and Chief Executive Officer
2025 REPORT ON FIGHTING AGAINST FORCED LABOUR AND CHILD LABOUR
Maple Leaf Sports & Entertainment Partnership.
Date: May 31, 2026