Forward Stance 2025 Annual Impact Report

Forward Stance

01About

This is Our Forward

Forward Stance

Letters From Our Leaders

We don’t wait for bluebird skies or powder days. We move forward every day, in every condition.

At Alterra, we are shaping the future of mountain adventure through a year-round commitment to progress. Guided by the belief that the mountains call us to lead, we invest in our destinations, empower our teams, and build lasting partnerships with the communities we serve. More than a collection of destinations, we are a collective driven by the transformative power of mountain adventure—and that conviction fuels our Forward Stance.

“Rooted in what we’ve built and focused on what’s ahead, the best is yet to come.”

As Alterra enters a new chapter of leadership, we reflect on how far we’ve come and look ahead with confidence to what’s next. Built on a strong foundation, our Forward Stance will continue to guide the path ahead.

With great pride, we invite you to explore Alterra Mountain Company’s fourth annual Forward Stance Report, highlighting progress across our pillars and the opportunities ahead. Rooted in what we’ve built and focused on what’s next, the best is yet to come.

Thank you for joining us in taking a Forward Stance.

Eric Resnick (he/him) Chairman of the Board

At Alterra, our Forward Stance is our identity and our differentiator.

Every decision we make reflects a deep commitment to shaping a future where adventure, responsibility, and resilience go hand in hand. It’s how we’ve always operated, how we lead, and how we plan to evolve.

We chose to call this work Our Forward Stance for a reason. Just as we do on the hill, we are leaning into the challenges ahead. And we are pushing ourselves and our peers to do better. Rooted in our four values—People, Planet, Community, and Responsibility—these pillars unite our vision and drive our momentum.

“Taking a Forward Stance means showing up with purpose.”

For us, taking a Forward Stance means showing up with purpose. We embrace change, elevate voices, and forge paths, all while holding fast to our values and reaching boldly toward what’s next.

I’m proud to play a part in making this happen. And I am deeply grateful for every single person who has leaned into this work with us. This is who we are. Unwavering, united, and always moving forward together.

Karen Sanford (she/her) Chief Legal and Social Responsibility Officer, EVP

Founded by people who live for the mountains, we unite destinations and businesses defined by culture and character to shape the future of mountain adventure. Built by visionaries who created places that continue to change lives, our legacy runs deep. Today, we carry it forward—advancing our industry and strengthening the communities at its heart.

Our Ascent

2017

KSL Capital Partners, owners of Palisades Tahoe (formerly known as Sq*** Valley Alpine Meadows), and Henry Crown and Company acquire Intrawest Resorts (Steamboat, Winter Park, Stratton, Snowshoe, Blue Mountain, Tremblant, and CMH Heli-Skiing and Summer Adventures) along with Mammoth Resorts (Mammoth Mountain, June Mountain, Big Bear Mountain Resort). Together, these entities form a new operating company.

Deer Valley Resort in Utah is acquired.

2018

The new operating company is renamed Alterra Mountain Company.

Ikon Pass, the premier ski and snowboard season pass, is launched with a total of 23 mountain destinations.

Mikaela Shiffrin is named official Ikon Pass Ambassador.

Rusty Gregory, is appointed CEO to Alterra Mountain Company.

Solitude Mountain Resort in Utah is acquired.

Crystal Mountain in Washington is acquired.

2019

Sugarbush Resort in Vermont is acquired.

Alterra Mountain Company Community Foundation is established.

North American Resorts close due to the COVID pandemic.

2021

Alterra Mountain Company, Boyne Resorts, POWDR, and Vail Resorts announce the Climate Collaborative Charter, the ski industry’s first unified effort to combat climate change.

Purcell Heli-Skiing in British Columbia is acquired.

Sq*** Valley Alpine Meadows in California is rebranded Palisades Tahoe.

Aspenware, the ski industry’s leading provider of e-commerce and related consumer technology services, is acquired.

Jared Smith, a former executive of Live Nation Entertainment, is appointed CEO, succeeding Rusty Gregory.

Ski Butlers, the industry’s leading ski equipment rental service with operations in 50 world-wide ski destinations, is acquired.

Snow Valley in California is acquired. Schweitzer in Idaho is acquired.

The first Impact Report is released, laying out a roadmap for the company’s new social responsibility platform, Forward Stance.

A major transformation of Deer Valley Resort is announced, adding 3,700 acres of terrain and a variety of new amenities to the world-class ski-only destination.

Mike Wiegele Helicopter Skiing in British Columbia is acquired.

The Full Steam Ahead transformation at Steamboat is completed, adding 650 acres of new skiable terrain, the industry’s leading dedicated learn-to-ski area, a new base area with expanded amenities, and the longest and fastest gondola in the U.S.

Arapahoe Basin in Colorado is acquired.

Kids Ski Free Week launched across 15 North American destinations.

Ikon Pass matches $50,000 in donations to Share Winter Foundation honoring Mikaela Shiffrin’s 100th World Cup win.

Deer Valley Resort debuts one of the largest ski resort expansions in history, offering double the ski terrain with 31 chairlifts, over 200 ski runs, and ~4,300 skiable acres.

Alterra Destinations

Palisades Tahoe, CA

Mammoth Mountain, CA

June Mountain, CA

Big Bear Mountain Resort, CA

Snow Valley, CA

Crystal Mountain, WA

Schweitzer, ID

Steamboat, CO

Winter Park Resort, CO

Arapahoe Basin, CO

Deer Valley Resort, UT

Solitude Mountain Resort, UT

Stratton, VT

Sugarbush Resort, VT

Snowshoe, WV

Tremblant, QC

Blue Mountain, ON

CMH Heli-Skiing & Summer Adventures, BC

Mike Wiegele Helicopter Skiing, BC

Alterra Services

Aspenware, Denver, CO

Ski Butlers, Park City, UT

Alpine Aerotech, Kelowna, BC Shared Services, Denver, CO

We’re here to shape the future of mountain adventure. Our Mission

19 70+ 24K+ 40K+ $1B+ 25K+ 3 2

19 Owned Mountain Destinations

70+ Ikon Pass Destinations

24K+ Skiable Acres

40K+ Vertical Feet

$1B+ Invested In Capital Improvements

25K+ Winter Team Members

3 Strategic Ancillary Businesses

5

Stakeholders

Shared Purpose

Who We Serve

We stand for our people and our planet. Everything we do is guided by five primary stakeholders—with employees always first, because with them, everything is possible.

Our Employees

Guests

Values Create Value

Our values guide every decision and connect directly to our Forward Stance pillars.

Cultivating Collaboration

Individual accomplishment pales in comparison to what we can achieve as a team. That's why we challenge ourselves to tap into the depth and breadth of expertise across our company, allowing us to make better decisions and reach our common goals.

Honoring Authenticity

Real adventures are super special, not superficial. While we seek common approaches wherever possible, we also embrace custom solutions, recognizing that each of our businesses and people are unique.

Prioritizing Purpose

The mountains are among the world’s most magical places. We take responsibility for ensuring a balanced approach to creating a safe, inclusive, and sustainable environment to live, work, and play in.

Embracing Empowerment

In the business of experience, people make the difference. So, we strive to provide our teams with the tools, training, and opportunities they need then trust them to run their businesses - because the best decisions are made as close to our employees and guests as possible.

2025 Progression Highlights

PEOPLE

78% 5.8K

ERG membership grew 78% to 530+ members across four ERGs

PLANET

COMMUNITY

$21M

$21M+ in philanthropic contributions across 19 brands

87% of employees support inclusion efforts 87%

5,800+ courses completed on Mental Well-Being & Resilience

RESPONSIBILITY

01

First in industry verified by the Science Based Targets Initiative (SBTi)

50%

50% reduction target for Scope 1 & 2 GHG emissions by FY2030 (from FY2022 baseline)

100% renewable electricity sourcing goal by FY2030 (up from 14.36% in FY2022)

67% 100%

67% of suppliers to set sciencebased targets by FY2030

78% 82K

78% completion rate of workforce housing goal to renovate 1,000 beds

81,900+ donated skier visits to local and underrepresented groups

-7% 100%

7% injury rate reduction in OSHA recordable injuries

100% enrollment of employees in required Alterra Essentials training

Driven by Purpose.

Powered by Progress.

02People

People are the heartbeat of our business and the spark behind every innovation. By fostering belonging, fairness, and mental well-being, we create a workplace rooted in trust and support. When our people thrive, that strength shows up across our mountains, communities, and company.

“Our goal is simple: to create a workplace where everyone feels welcome, has real opportunities to grow, and knows they’re valued for who they are.”

Diane Neville (she/her) Chief People Officer

“We are strengthening our community so the few are never alone. We deepen connections, widen opportunities, and elevate joy for all.”

Annie Kao (she/her)

Vice President, Social Responsibility

United by Mountains, Powered by

People

Our mountains inspire us, but our people guide us. By honoring individuality and fostering connection, we create spaces where trust, belonging, and purpose thrive.

Inclusive Cultures

We prioritize diverse voices and belonging through annual Inclusion Surveys, ongoing education, and representation initiatives so every employee feels seen and valued.

Fair Systems

We strengthen access and growth through data-driven policy reviews, robust Employee Resource Groups, and professional development programs that create meaningful opportunities.

Diverse Perspectives

We leverage workforce data and partnerships with affinity organizations to bring new ideas and experiences that enrich our business and culture.

Mental Well-Being & Resilience

We provide Employee Assistance Programs with free counseling, targeted mental health training, stigma-reduction efforts, and data-driven interventions to build a mentally healthy workplace.

Key People Impacts This Year

To guide significant progress, we track key metrics that inform our strategy. These results show consistent strength across a diverse range of employee experiences.

94% 87% 80%

94% of demographic groups recorded Belonging Index favorability scores over 70%

87% of surveyed employees support inclusion efforts

80% overall average Belonging Index favorability score

GENDER IDENTITY (US & CAN)

American Indian or Alaska Native

Black or African American Native Hawaiian or Other Pacific Islander

or Latino

Two or More Races

This data mirrors the U.S. EEO1 reporting categories for U.S. employees only. Starting in FY24, similar to the EEO1 Reporting, individuals who identify with more than one race are included in the “Two or More Races” category. Percentages are representative of known data.

78% growth of ERG membership in FY25

530+ members across 4 ERGs 530+

10 training topics, delivered online or in person

5,800+ courses completed this year 5.8K+

77% favorability on “Leadership cares about mental well-being” (+ 2 pts since FY24) 77%

450+

98.5%

280K+

450+ graduates of Peak Programs

98.5% overall Peak Programs satisfaction

280,000+ Alterra U Courses completed

Sense of Belonging

To meaningfully assess employees’ sense of belonging, we conduct an annual Inclusion Survey across all locations. Workforce data from 47 demographic groups shows where we succeed and where to focus nextidentifying actions to drive measurable impact.

PROGRESSION IN ACTION Disability Pride

Issue In the FY24 Inclusion Survey, our employees with a disability had a measurable lower sense of belonging.

Action As one part of deeper yearround programming, Alterra’s Resource Alliance for Disabilities (RAD) ERG hosted a panel featuring adaptive athletes Trevor Kennison, Kelly Brush, and Snowshoe employee Kinzie Dickman.

Impact In the FY25 Inclusion Survey, employees who identify with a disability had increased belonging scores. The panel’s showcase of the RAD ERG also contributed to membership growth and visibility of its impact.

DESTINATION DROP-IN

Interfaith Belonging

Issue In FY24, belonging scores for underrepresented religious categories were lower than average at Solitude.

Action In consultation with colleagues from multiple different faith backgrounds, the Forward Stance Team developed and delivered new Interfaith Belonging training before the winter holidays.

Impact In the FY25 Inclusion Survey, Solitude saw a double-digit improvement in the Jewish belonging scores, alongside increases of 3 other measured religious categories.

“We don’t check our identities at the door at work. Our Interfaith Belonging training acknowledges faith as an important dimension of identity."

Hannah Wineman (she/her) Senior Analyst, Social Responsibility

Strengthening Indigenous Partnerships

We operate on lands with deep Indigenous roots. By building partnerships with Native American, First Nation, and Indigenous nations and tribes, we move beyond acknowledgment. Through these actions, we honor heritage, create opportunity, and strengthen shared futures across our mountain communities.

DESTINATION DROP-IN

The Mountains We Share

Mike Wiegele put it simply: “They were here before us.” Since its founding in the 1970s, Mike Wiegele Heli Skiing has built a relationship with the Simpcw First Nation based on mutual respect, trust, friendship, and the shared vision of sustainable economic development. MWHS Team Members and Simpcw allies and friends meet for ongoing cultural sharing and relationship building throughout the year.

These relationships include:

» Blue Mountain and Nawash First Nation

» Crystal Mountain and the Muckleshoot Indian Tribe

» CMH and ʔaq̓am Band of the Ktunaxa First Nation

» Palisades Tahoe and the Washoe Tribe

» Mike Wiegele Heli Skiing and the Simpcw First Nation of the Secwepemc People

» Schweitzer and the Kootenai Tribe of Idaho

» Winter Park partners with Natives Outdoors

Adaptive Access

Belonging starts with access. Through dozens of partnerships with adaptive organizations, we create pathways to experiences that spark connection and freedom in the mountains.

DESTINATION DROP-IN

Jack’s Way at Blue Mountain Resort

Jack’s Way is a legacy program honoring the late Jack Sim, a beloved Adaptive Specialist who dedicated his career to mountain accessibility at Blue Mountain. Designed to provide fair employment opportunities for people with disabilities, the program carries Jack’s vision forward— championing accessibility, breaking down barriers, and ensuring everyone has the chance to “find your herd” and belong at Blue.

Employee Resource Groups

Driven to support our people, Alterra proudly led the ski industry with the first comprehensive slate of Employee Resource Groups (ERGs). Launched as a formal company-wide program in 2023, these voluntary networks are open to all employees to foster connection, counter isolation, and build community around shared experiences and allyship.

Multicultural Matrix

The Multicultural Matrix ERG launched a Spanish Speakers community, creating space for connection through shared language and cultural dialogue. They also hosted a screening and Q&A with filmmaker Dani ReyesAcosta, featuring the short film OUTLIER.

Led by Kiyono Ames and Sasha McGhee.

Resource Alliance for Disabilities (RAD)

RAD sponsored members to attend the 2025 Disability:IN Expo virtually, investing in growth and learning best practices for workplace inclusion. They also teamed up with the Women’s ERG Parents and Families subgroup to host an educational session with Benefits in Action, a Colorado nonprofit supporting caretakers.

Led by Christy Martinez.

Alterra’s Pride Resource and Employee Support (APRES) Group

APRES responded to community challenges by hosting an “Allyship Across the Alphabet” panel for Pride Month—highlighting queer joy and actionable allyship. They also created a guide for People Leaders to support non-binary and transitioning employees.

Led by Casey Rogers and Jax Van Horn.

Women Summit Seekers

Women Summit Seekers expanded its Parents community and hosted impactful programming, including a fireside talk with aviation executive Mandeep Grewal, a keynote with leadership coach Jamie McKinney, and a mentorship panel featuring senior women leaders across Alterra.

Led by Jane Zsigmond, Tara Nann, and Lindsey Thayer.

Talent Development

Growth starts here. Our Talent Development programs guide employees through a mix of learning opportunities that include self-paced Alterra University eLearning courses, interactive live trainings, and cohort-based experiences like Peak Programs. These sessions foster collaboration, professional growth, and leadership development, helping team members expand their impact and advance their careers across our mountain communities.

PROGRESSION IN ACTION

ERG Leadership Development Program

As an ongoing investment in our ERG Leaders, Alterra facilitated a specialized 4-part Leadership Development program, exploring critical concepts and skills relating to facilitation, power dynamics, and inclusive leadership. This training catalyzed our ERG Leaders from passionate individuals into organizational influencers.

Peak Programs

Our suite of Peak Programs offers immersive leadership and team development experiences designed to grow self-aware leaders at every level. Here's how we're fostering the industry leaders of tomorrow.

Peak Foundations

Building Values-driven Leaders

30

30 Managers and Senior Managers from 6 resorts completed innaugral program in 2025

Peak Elevations

Accelerating Growth

140

140 Directors from 9 resorts completed program in 2025

Peak Leadership Amplifying Impact

Peak Performing Teams

Strategic Transformation

25

25 senior leaders accelerated career growth and sustained long-term career growth in 2025

4

4 senior leadership teams enhanced effectiveness and personal growth in 2025

Community Conversations

Our mountains bring people together, and we use that connection to elevate voices and celebrate stories that shape our industry. Through conversations and gatherings, we create spaces where belonging is real and progress moves forward.

Truth and Reconciliation in Practice

Canadian destinations gathered to honor Survivors, families, and Indigenous communities on the National Day for Truth and Reconciliation.

MLK Weekends

Destinations honored the life and legacy of Dr. Martin Luther King Jr. with meaningful programming that celebrated service and community.

Military Appreciation Days

Events across our mountains expressed gratitude for active military, veterans, and their families through experiences designed to honor service.

Pride Weekends

Multiple destinations hosted Pride celebrations, creating welcoming spaces for LGBTQIA2S+ communities throughout the year.

Women’s Programming

Many destinations offered programs focused on elevating women—from leadership advancement to skill progression on the slopes.

DESTINATION DROP-IN

Allyship Across the Alphabet

For Pride Month, Alterra Mountain Company’s Denver Office hosted a panel on allyship featuring photographer Stephen Shelesky (he/him), marathon runner Cal Calamia (they/he), and nonprofit leader Virginia Solomon (they/ them). The conversation was moderated by Alterra Pride Resource Group leaders Casey Rogers (he/him) and Jax Van Horn (they/them), who guided a discussion on actionable steps for supporting LGBTQIA2S+ communities in the outdoor industry.

“This isn’t just a conversation about Queer inclusion and allyship in the outdoors, this is the same conversation we’ve been having for years about the value of human beings and who deserves a voice.”

Cal Calamia non-binary transmasculine marathoner and activist

A Culture That Cares

Strength starts with care. In an industry that demands energy and resilience, our Mental Well-Being & Resilience Program works to normalize support and end stigma. Through education, collaboration, targeted initiatives, and data driven improvements, we create workplaces where people feel cared for.

+2%

2% increase on engagement survey results for “Leadership cares about the mental well-being of staff"

PROGRESSION IN ACTION

Leadership Investment in Mental Health

Issue True professional passion and dedication requires reciprocity. To give their all, employees need to know that their employer cares about their well-being.

Action This year, Alterra Mountain Company leadership selected prioritization of employee mental wellbeing as a key company-wide goal. All locations took on this challenge, with innovations including:

» Walk-in mental health appointments for employees at Stratton Mountain Resort’s Carlos Otis Medical Clinic

» More and better employee events fostering healthy interpersonal connections at Solitude and Crystal Mountain

» Thoughtful scheduling to allow for consecutive days off and limiting backto-back closing/opening shifts for Ski Butlers employees

Impact Engagement survey results showed a 2% increase to 77% favorability for “Leadership at my location cares about the mental well-being of the staff.”

PROGRESSION IN ACTION

Ski Patrol Stress Resilience and Incident Support Tools

Issue Ski patrol teams face unique demands as our first responders in mountain environments, leading to a need for specialized mental health support and investments.

Action For 2025, we took our mental health resilience training initiative for ski patrol one step further with a novel pilot program. Partnering with the Responder Alliance, an industry-leading provider of stress resilience training and guidance for outdoor professionals, we provided the Deer Valley and Winter Park patrol teams with cuttingedge stress resilience training and incident support tools.

Impact Post-training, participants reported feeling more capable of supporting guests and coworkers, more satisfied with their jobs, and more supported by Alterra Mountain Company.

Key Elements of Our Mental Well-Being Program

Resources

» Employee Assistance Programs (EAPs) offering free counseling, legal and financial consultation, and mental health education for employees, dependents, and household members

» Expanded resources for suicide prevention, grief support, responsible alcohol use, community safety, and fostering respect

Training

» Tailored programs developed with stakeholders to meet evolving needs— from leadership teams to lift operators

Consultation

» Confidential consultations with our Mental Well-Being & Resilience Director for people-leaders and employees

Empowerment

» Resort Mental Well-Being Champions embed resources and education across destinations

» Champions network grew to 87 members this year

» Monthly meetings allow Mental WellBeing Champions to share ideas, challenges, and successes. Through this collaboration, they reduce stigma by leading resort-wide messaging, awareness campaigns, healthy recreation events, and peer support for teammates

“Our world class ski experiences would be nothing without our people, and that’s just one reason why we want all of us to feel and function our very best. Supporting mental health is one way we invest in our people, our purpose, and the future of our industry. We strive to value and holistically support every individual team member, and to do so with industryleading best practices.”

Liza Tupa (she/her) Director of Mental Well-Being and Resilience

03Planet

The landscapes we operate in are not static. At Alterra Mountain Company, environmental responsibility means stewarding these places with care by adapting to changing conditions, reducing our footprint, and regenerating the living systems that will provide mountain adventure for future generations.

“Environmental stewardship is not a program we manage—it’s a principle that guides how we lead. Every decision we make reflects our belief that investing in the places and communities we care about is inseparable from long-term value creation. This commitment strengthens the communities we serve, fortifies our business for the future, and helps shape a more resilient, responsible industry. The way forward is unmistakable, and we are committed to translating conviction into decisive action and enduring impact.”

Krista Sprenger LEED-AP (BD+C) Chief Development Officer

Scaling Climate Solutions, Together

Our work is inseparable from the mountains we operate in. Climate change presents real ecological, social, and economic risks, and we meet them with action by reducing emissions, strengthening resilience across our operations, and advocating for ambitious climate solutions.

Our Blueprint

Climate- and Supplier-focused Science Based Targets (SBTi)

As the first U.S.-based ski company with SBTi-verified Science Based Targets (SBTs), we have established a clear path to decarbonization. Under this banner, we are advancing energy optimization, snowmaking efficiencies, and sustainable building practices—operational strategies that directly support our SBTs and accelerate measurable progress.

Strategic Alliances

We leverage our scale and partnerships to advance shared decarbonization strategies and policies, while strengthening our business and our communities for a changing climate. By collaborating across the industry and with policymakers and community members, we amplify climate action beyond our resorts, advocating for the systemic change necessary to find climate solutions.

Local Ecosystems

We work to minimize our impact on the environments where we operate by restoring watersheds, stewarding habitat, and balancing the needs of our business with the health of local ecosystems.

Our Path to 2030

In 2025, we proudly became the first U.S.-based ski company to have our greenhouse gas emissions reductions targets verified in conformance with the Science Based Targets Initiative (SBTi) Standards and Guidance. SBTi is a globally recognized thirdparty corporate climate action organization enabling companies and financial institutions to play their part in combating the climate crisis.

Our Science Based Targets

1 2 3

Alterra Mountain Company commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2022 base year.

Alterra Mountain Company commits to increase active annual sourcing of renewable electricity from 1.10% in FY2022 to 100% by FY2030.

Alterra Mountain Company commits that 67% of its suppliers by spend covering purchased goods and services, and capital goods, will have science-based targets by FY2030.

Ambitious goals require action where it matters most. That’s why we have Sustainability Leads at each resort translate our commitments into locally driven initiatives, shaped by the realities of their terrain and communities. Progress is coordinated through a Sustainability Leads Committee, with the Board of Directors and Audit Committee providing oversight and accountability. Read on to see what progress we have made in reaching our verified SBTi commitments.

Key Planet Impacts This Year

Grounded in data, we implement measurable strategies for meaningful reductions.

Aligned with current climate science, our verification with the Science Based Targets initiative (SBTi) led us to refine data inputs, incorporate updated emissions factors, and account for new acquisitions across our portfolio. Read the full Greenhouse Gas Emissions Statement with Independent Accountants’ Review Report (Limited Assurance, Scope 1 and 2 for the Fiscal Year ended July 31, 2025) thereon.

Read the Report

GHG Emissions Since our Baseline Year (mtCO2e)

Progress to SBTi Goals

SBTi Goal #1

Reduce absolute scope 1 & 2 GHG emissions 50% from FY22 baseline

SBTi Goal #2

Increase active annual sourcing of renewable electricity to 100%

SBTi Goal #3

Help 67% of suppliers covering purchased goods and services and capital goods (by spend) set science-based targets

*In 2025, the Company recalculated its scope 1 and scope 2 base year emissions to reflect the acquisitions of Snow Valley on January 20, 2023, Schweitzer on December 23, 2023, Mike Wiegele Helicopter Skiing on April 25. 2024, Arapahoe Basin on November 19, 2024, all of which are also reflected in the Company ’ s current year emissions. Emissions for the full 12 months from the current year acquisitions listed above are included in the inventory for the period ending July 31, 2025.

*In addition to recalculations related to acquisitions prior period corrections were identified and corrected at Deer Valley and Palisades Tahoe.

* In the process of obtaining our SBTi validation we identified that changing emissions factors for scope 3 from USEEIO to CEDA-FLAG would help us more accurately identify and track FLAG (Forest, Land and AGriculture) emissions. Our prior year numbers have been updated to reflect those changes.

FY25 Greenhouse Gas Emissions

Reducing our own carbon footprint is critical for achieving our climate goals. In FY25, we saw a 32% reduction in market-based Scope 1 & 2 GHG emissions from last year. This year, our market-based Scope 1 & 2 emissions total 95,807 metric tons of carbon dioxide equivalent (MTCO2e).

12% 5% 83%

Scope 1

Direct emissions from owned or controlled buildings, equipment, or vehicles

Fuels: Emissions from fuels used for fleet vehicles, helicopters, and other equipment

Propane / Natural Gas: Emissions from propane and natural gas used for buildings or equipment

Other: Refrigerants

Scope 2

Indirect emissions from purchased energy generated offsite

Electricity: Emissions from electricity purchased to power buildings, equipment, and chairlifts.

Scope 3

Indirect emissions from upstream or downstream activities

Business Travel / Employee

Commuting: Emissions from travel related to company business and from employees traveling in vehicles to and from work

Procurement: Emissions generated from the purchasing of materials

Waste: Emissions generated from the landfilling of waste and the decomposition of organic matter

32% reduction in market-based Scope 1 & 2 GHG emissions from FY24

PROGRESSION IN ACTION

Actively Planning for a Changing Climate

Issue Even as we aggressively reduce our own emissions, we know that the impacts of climate change are accelerating and will continue to intensify without broader accountability and action.

Action This year, we published our first Task Force on Climate-related Financial Disclosures (TCFD) report, providing a transparent view of how we reduce energy use, plan for a warmer climate, and prepare for extreme weather.

Impact The report gives investors, regulators, and stakeholders clear insight into how we manage climate risk, measure progress, and hold ourselves accountable over time.

View TCFD Report

Drop

to

Owned Operations

To complement our renewable energy acquisitions, we are taking a multi-faceted approach to reducing our Scope 1 and 2 emissions, spanning Electrification, Snowmaking Efficiency, Sustainable Design & Construction, and Energy Optimization

Over Halfway (28.15%) to SBTi Goal of 50% reduction of absolute scope 1& 2 GHG emissions from FY22 baseline

Electrification

We believe the most impactful work comes from targeted efforts. That’s why, in 2022, we undertook an organization-wide energy audit. The audit identified local electrification as a top priority for reducing emissions in our owned operations. In FY25, we continued to act on our energy audit learnings to make meaningful change at the resorts. Guided by onsite Sustainability Leads, our resorts are moving the needle based on their unique infrastructures.

DESTINATION DROP-IN

Blue Mountain Fleet Optimization

Blue Mountain strengthened sustainable operations by implementing Geotab fleet management across 55 fleet vehicles, 19 snowmobiles, and seven off-road vehicles. The system provides real-time data to reduce fuel use, idling, and speeding, improve seatbelt compliance, and identify opportunities to transition to electric vehicles. By aligning safety, efficiency, and emissions reduction, Blue is using data to drive smarter, lower-impact operations.

Ski Butlers Fleet Electrification

Operating in cold, high-elevation environments presents real challenges for electrification. In response, Ski Butlers piloted a fleet of electric vehicles to test performance in demanding mountain conditions. Following a successful pilot, 80% of all new Ski Butlers vehicle purchases will be electric, accelerating emissions reduction while maintaining reliable service across mountain communities.

Mammoth Resorts Fleet

Mammoth & June Mountain are executing a multi-faceted environmental plan to meet their goal of reducing overall emissions by 50% by 2030. A key lever this year was Fuel Reduction and Electrification. This included purchasing new EV fleet vehicles and installing new EV charging stations at Woolly's.

Snowmaking Efficiency

Water is a critical resource in our mountain environments. At Alterra, we approach snowmaking with a focus on efficiency, precision, and environmental responsibility. By investing in advanced technology and regionally informed operations, we work to reduce energy use, avoid waste, and minimize impacts on aquatic ecosystems while supporting reliable operations and high-quality on-mountain experiences.

Localized temperature control, reduced compressed air demand, and variable speed pump control makes snowmaking technology more efficient. This work is guided by the National Ski Areas Association science-based framework for climate-smart snowmaking, making investments more informed, measurable, and aligned with long-term environmental stewardship.

DESTINATION DROP-IN

Snow Summit Snowmaking

Snow Summit, part of Big Bear Mountain Resort, commissioned two new electrical substations to power snowmaking more efficiently and sustainably. Developed through 14 years of planning and collaboration, the project is projected to reduce reliance on diesel generators by approximately 70% starting this season. The upgrade supports the resort’s efforts to shift away from diesel-based systems and lessen the associated environmental impacts over time.

Sugarbush, Sustainable Snowmaking Grant Recipient

Following detailed efficiency planning, Sugarbush was awarded the 2025 Sustainable Snowmaking Grant from the National Ski Areas Association and HKD Snowmakers. The grant supports investment in new snowmaking equipment and system upgrades reducing associated environmental impacts, while maintaining reliable snow production.

Sustainable Design & Construction

As we shape the future of mountain adventure, our property investments are guided by the Alterra Minimum Requirements (AMRs), a bold set of Green Building Standards that align development with our environmental and social goals.

The AMRs establish a clear foundation for sustainable design, construction, and major renovation projects, ensuring responsibility is built into every phase of development.

Applied across all new development, construction, and major renovation projects, the AMRs integrate sustainability into how we plan, build, and operate. Spanning ten key impact categories, these requirements reflect global best practices while supporting consistent execution, accountability, and innovation across our portfolio.

“Sustainable design isn’t a choice for us — it’s a strategy for economic resilience.”

Jason Twill, LEED Fellow (he/him) SVP, Head of Integrated Strategy & Capital Markets

Energy Optimization

Energy efficiency is reshaping how we power our operations. Through electrification, facility upgrades, and the integration of low- and noemission systems, we are reducing energy demand while transitioning to more efficient, lower-impact operations across our destinations.

That work is delivered through our Active Energy Management program, which spans all destinations and provides a centralized approach to monitoring and optimization. The program combines equipment audits, real-time energy tracking, system optimization, and smart thermostat installations to drive measurable efficiency gains.

Renewable Energy

Our ambitious climate strategy calls us to use loweremission energy sources. In FY25, we reached a pivotal milestone with expanded renewable energy procurement and generation across our operations. This progress accelerates our commitment to cleaner energy, reduces our environmental footprint, and sets a new standard for responsible mountain stewardship.

PROGRESSION IN ACTION

Acquisition of Renewables

Issue At the end of 2024, our electricity mix remained heavily reliant on fossil fuels, with progress at just 4% toward our Science Based Target of 100% Renewable Electricity by 2030.

Action To accelerate progress, we expanded our partnership with Watershed by joining its Decarbonization Program, enabling renewable electricity procurement at the Alterra level through a combination of remote market solutions and on-site development.

Almost halfway (48.73%) to our SBTi Goal to increase active annual sourcing of renewable electricity to 100%

Impact In FY25, renewable electricity increased to approximately 49% of our total mix, nearly halfway to our SBTi-verified 2030 goal. We achieved meaningful early gains in renewable electricity through nationally sourced unbundled Renewable Energy Certificates (RECs). Next, we will prioritize locally sourced renewable electricity through onsite installations and utility partnerships, including Power Purchase Agreements (PPAs), to be supplemented with additional new-build projects. A clear roadmap is in place to reach 100% renewable power in the coming years.

DESTINATION DROP-IN

Arapahoe Basin 100%

Renewably Powered

Last year, Arapahoe Basin joined the Alterra portfolio and quickly demonstrated what is possible for the industry by achieving 100% renewable energy sourcing. Through the use of community solar farms, utility partnerships, and other renewable energy sources, all snowmaking, chairlifts, buildings, and EV guest trips at A-Basin are now entirely powered by renewable energy.

Snowshoe Solar Project

In a region long powered by coal and natural gas, Snowshoe Mountain Resort is advancing a new energy pathway. In FY25, solar panels at the Snowshoe Inn became operational, generating 23 megawatt hours of electricity and avoiding 37,000 pounds of CO2e emissions in their first two months while operating at approximately 30% capacity. The system is now running at 100% capacity, with significantly higher emission savings expected over the coming year.

“Securing nearly half our electricity from renewables is a major milestone in Alterra’s SBTi journey—protecting our operations and the places we love while strengthening a more sustainable, futureready Alterra.”

Ben Fields (he/him, FSA Credential Holder), Senior Sustainability Analyst

Suppliers and Value Chain

Partnering with vendors and suppliers who share our environmental priorities is essential to achieving meaningful emissions reductions. That belief led Alterra to become the first ski company to set a public, science-based goal designed to bring our suppliers and the broader industry forward with us.

A third of the way (24.75%) to our SBTi goal committing that 67% of our suppliers by spend covering purchased goods and services and capital goods will have science-based targets by FY2030. 1/3

PROGRESSION IN ACTION

Where Influence Meets Impact

Issue While we continue to reduce emissions in our owned operations, our supply chain accounts for 83% of our Scope 3 emissions, from travel to procurement. Achieving meaningful progress requires action across our full value chain.

Action To address this, Alterra set a public, SBTi-verified goal for 67% of suppliers by spend across purchased goods, services, and capital goods to have science-based targets by FY2030. To support this effort, we joined Guidehouse Supplier Leadership on Climate Transition (SLOCT), providing suppliers with training, resources, and guidance to pursue Science Based Targets initiative (SBTi) verification.

Impact Several of our top suppliers already have SBTi-verified targets, with additional large suppliers actively engaged toward the 2030 goal. This approach advances Alterra’s own climate commitments while accelerating emissions reduction across the broader industry.

DESTINATION DROP IN Renewable Diesel Pilot

Arapahoe Basin and Steamboat Resort partnered with suppliers to pilot renewable diesel in Colorado, supported by a Sustainable Slopes grant from the National Ski Areas Association (NSAA). Steamboat used 3,000 gallons for earlyseason grooming, while Arapahoe Basin piloted a 100% renewable diesel blend in loader operations, with both resorts reporting smooth performance and no operational issues.

Advocacy

Progress within our operations matters, but lasting climate solutions require broader collaboration. As we pursue our Science Based Targets, we also engage peers, partners, and policymakers to advance collective action that strengthens mountain communities and the landscapes they depend on.

Ceres Policy Network

As members of the Ceres Business for Innovative Climate and Energy Policy (BICEP) Network, we join forces with other businesses to influence impactful climate and energy policies.

Protect Our Winters

Since 2018, Ikon Pass has proudly partnered with Protect Our Winters and invites every Ikon Pass member to join us by providing a free annual membership to support POW’s advocacy work.

In FY25, one of every four Ikon Pass holders and enrolled POW members took a further engagement step with POW by attending a local event, signing onto a pledge, and taking additional action for snow business resilience.

National Ski Areas Association (NSAA) Climate Challenge

Alterra participates on the National Ski Areas Association (NSAA) Environmental Stewardship Committees, with many destinations taking part in the annual NSAA Climate Challenge to advance GHG reduction best practices across the ski industry. We also endorse the NSAA Sustainable Slopes framework as a guide for integrating sustainability into our operations.

Renewable Energy Buyer’s Alliance

Alterra recently joined the Clean Energy Buyer’s Alliance (CEBA) to strengthen our voice with other likeminded businesses in a unified front to advance the procurement of renewable energy solutions.

DESTINATION DROP-IN

Big Bear Mountain Resort

Alterra submitted a letter of support for the Bear Valley Solar Energy Project and Battery Energy Storage Project proposed by Bear Valley Electric Service. The projects will supply the local grid with electricity produced from renewable resources, supporting greater resilience for the Big Bear community and reducing dependence on off-mountain energy.

Community Collaboration

Climate impacts facing mountain communities cannot be addressed in isolation. By working alongside local governments, community partners, and industry peers, we combine scale, expertise, and momentum to drive action no single organization could achieve alone. Through collaboration we move farther, learn faster, and build solutions that strengthen the mountain communities where we live and work.

PROGRESSION IN ACTION

Mountain Collaborative for Climate Action

Issue Mountain communities are on the front lines of climate change, yet climate action across the ski industry has often been fragmented.

Action Alterra joined Vail Resorts, Boyne Resorts, and POWDR to form the Mountain Collaborative for Climate Action, aligning industry leaders around shared priorities. Together, the group sponsored MT2030, an annual summit convening 600+ attendees from 60+ mountain towns, 35+ ski resorts, and regional climate partners.

Impact Through joint sponsorship and coordinated engagement, the Collaborative strengthens industry alignment, supports regional climate innovation, and expands climate action across mountain communities. The partnership advances a shared pathway toward decarbonization and resilience across 76 participating resorts.

DESTINATION DROP-IN

Deer Valley & Summit County

Zero Waste Events

Deer Valley has recently partnered with local government and community organizations to advance more sustainable events across Summit County, Utah. Serving as a coordinating force, the resort helped align stakeholders, develop a Zero Waste Event Strategic Plan and Resource Guide, and invest in shared Zero Waste bins available to all event organizers. The effort provides a practical, community-wide model that strengthens local capacity and makes environmental stewardship accessible.

Schweitzer and Idaho Partners

Expand Community Composting

Schweitzer is participating in a collaborative composting program at the Sandpoint Organic Agricultural Center, supported by an EPA grant and Alterra donation. With plans for local expansion, the initiative brings together private, tribal, and educational partners— including the Kootenai Tribe of Idaho, University of Idaho, and Resource Synergy—to process food waste from the mountain, keeping organic materials in the local economy while reducing emissions and improving soil health.

Steamboat Advances

Community Plastic Film Recycling

Steamboat launched a community-wide Plastic Film Recycling Program in partnership with the local municipality and the Western Resilience Center. Using the Circular Transportation Network, the program established a local drop-off site for flexible plastic film, which is recycled by Driven Plastics in Pueblo, Colorado and reused as a road asphalt additive. Since launching in Summer 2025, eight local retailers have joined the program, diverting more than 42 cubic yards of waste from landfills.

Waste Reduction

When we reduce our environmental footprint, the impact is visible to both our guests and the communities we operate in. Waste reduction is a critical lever in our climate strategy, translating day-today operations into measurable progress through composting, recycling, and the elimination of single-use plastics. These efforts divert material from landfills, reduce energy required for disposal, limit demand for resource-intensive raw materials, and support progress toward our Science Based Targets. Together, these actions enhance our commitment to leave the mountains better than we found them.

DESTINATION DROP-IN

Blue Mountain Smarter Food Waste Management

Blue Mountain piloted an AI-powered food waste tracking system in its busiest kitchens, using smart scales and cameras to identify and weigh discarded items in real time. The data enabled teams to adjust menus and portion sizes, reducing overproduction and food waste. The pilot expanded to banquet operations, further minimizing waste from desserts and meats, and is now informing menu design and sustainability practices across the resort.

Snowshoe Recycling Center

Snowshoe Mountain Resort addressed longstanding recycling challenges tied to its remote location by establishing an on-site recycling facility at Top of the World. In a region with limited recycling infrastructure, the facility provides a reliable solution for on-mountain waste diversion, with a longterm goal of expanding access to serve the broader community.

Palisades Tahoe Food Waste Diversion

Beginning in the 24/25 winter season, nine restaurants across Palisades Tahoe expanded food waste diversion efforts by repurposing excess food into employee meals. The program now provides more than 5,000 community meals each winter month, turning surplus into a tangible benefit for employees while reducing waste.

Lower-Impact Guest Travel

As we welcome guests from around the world, each of our destinations focuses on improving how people arrive while reducing emissions through shared transit, carpool incentives, and expanded EV charging infrastructure.

Natural Systems

Operating in mountain environments comes with a responsibility to protect the ecosystems that make them possible. Across our destinations, we invest in protection, mitigation, and conservation programs that strengthen landscape health and support long-term ecological resilience.

DESTINATION DROP-IN

Mike Wiegele Heli-Skiing Caribou Conservation Program

During the 2024–25 winter season, Mike Wiegele Heli-Skiing supported a multiyear Mountain Caribou conservation program led by the Simpcw First Nation in partnership with provincial and park agencies. MWHS contributed helicopter flight time and facilities to establish feeding stations and support wildlife cameras and site inspections. The program is gathering data on caribou movement, feeding behavior, and health to inform future recovery strategies through collaborative conservation.

Wildfire Risk Mitigation

Palisades Tahoe advanced wildfire resilience through ongoing forest health efforts, including prescribed burns, tree thinning, and defensible space projects. This work was coordinated with regional partners such as the Tahoe Fire and Fuels Team, which had treated more than 99,000 acres across the Tahoe Basin to reduce wildfire risk at scale. To support early detection and rapid response, the resort also used the ALERTWildfire camera network, providing real-time monitoring and situational awareness for land managers and first responders.

Arapahoe Basin Wetland Restoration

Arapahoe Basin restored a section of the North Fork Snake River at the base of the Wrangler Ski Trail by replacing a 220-foot buried culvert with a natural stream channel designed to support higher ecological function. Working with local partners and employees, teams replanted native willows and grasses to create new wildlife habitat and improve river health. The project strengthened the landscape while reinforcing environmental stewardship across the resort workforce.

Snowshoe Bee City

Snowshoe Mountain Resort supported habitat for the endangered Rusty Patch Bumble Bee through extensive wildflower planting across the mountain. As a result, Snowshoe became only the second officially recognized Bee City in West Virginia. The resort continued to collaborate with the U.S. Fish and Wildlife Service and advanced formal Habitat Conservation Plans for both the Rusty Patch Bumble Bee and the Cheat Mountain Salamander.

04Community

Community is the heartbeat of our company. Through local partnerships, philanthropy, and by partnering with the Alterra Mountain Company Community Foundation we invest in the places and people who make our mountains home. Our commitment goes beyond the adventure. It is about building lasting, positive impact in the communities we serve.

“We are committed to honoring the unique character of every mountain community we call home. Through local investment, strong partnerships, and philanthropic contributions, we support essential services and initiatives promoting affordability and deepened community engagement.”

Andrew Bodziak

Ron Cohen

Rob Perlman

Regional Executive Vice Presidents

Community Elevates Us All

Our mountain communities are as diverse and dynamic as the peaks that surround them. With a commitment to collaboration and progress, we work to ensure these vibrant collectives remain connected, resilient, and thriving for generations to come.

Our Blueprint

Mountain Community Resilience

Investing in essential supports such as workforce housing, wages and benefits, childcare, and food security to strengthen the foundation of mountain life.

Alterra Mountain Company Community Foundation

Supporting well-being in mountain communities with a focused commitment to mental health and emergency relief.

Philanthropy

Building meaningful, long-term relationships with nonprofit organizations to grow positive impact where it matters most.

Mountain Access

Partnering with local, regional, and national organizations to expand access to the mountains for local and underrepresented communities.

Key Community Impacts This Year

The mountains ground us in place. Our communities turn that place into home. That shared sense of belonging brings a responsibility to invest in the people and places where we operate.

Philanthropy FY25

Competitive wages and benefits

14K+

14,000+ seasonal employees offered affordable medical coverage through the new U.S. healthcare program

2K+

2,000+ seasonal employee postions enhanced by FY25 investments in wages, training, and benefits for key positions across resorts

78% completion of our goal to renovate 1,000 beds

50% progress toward our goal of acquiring and developing over 1,500 new beds by 2030 50%

81,900+ donated skier visits, a 6% increase from an adjusted FY24 number of 77,300+ skier visits 81K+

9,700+ kids redeemed Kids Ski Free tickets, driving a 203 percent increase in youth visitation year over year 9.7K+

$557,000+ allocated in FY25 for grants supporting emergency hardship relief and mental health across 13 mountain communities

Strengthening Our Communities

It’s no secret that the cost of living in our mountain communities is uniquely challenging. We invest in competitive wages and benefits and essential services like workforce housing, childcare, and food security to support team members planting roots in our communities.

HEALTHCARE&BENEFITS

WORKFORCEHOUSING

14K+

14,000+ seasonal employees now have access to affordable and essential health coverage for the first time

Adjusted Wages, Healthcare, and Other Benefits

Competitive wages and comprehensive benefits for year-round and seasonal employees are a top priority. We continuously evaluate and evolve our practices to remain an employer of choice across our mountain communities. FY25 included these investments:

Seasonal Minimum Essential Coverage (MEC)

Launched our first-ever health care program for seasonal employees in the U.S., offering over 14,000 team members affordable essential medical coverage.

Career Seasonal Professionals (CSP)

Continued investment in wages, training, and benefits for more than 2,000 career seasonal employees, including codeveloped lift mechanic training with Colorado Mountain College and expanded Responder Alliance training and support for ski patrollers.

Workforce Housing

Affordable housing is essential to strong, vibrant communities. Across our mountain towns, we invest in more than living spaces, we create environments that support well-being and growth for our workforce and the communities we call home. Our Workforce Housing Council connects its leaders across Alterra to share insights and advance solutions that foster a thriving housing ecosystem.

DESTINATION DROP-IN

Mammoth Mountain

At Mammoth, workforce housing goes beyond a roof—it’s about safety and support. Through a partnership with Mono County Behavioral Health’s Harm Reduction Program, employees have access to training, supplies, and counseling when needed. Mammoth also offers drug and alcohol-free housing, creating a secure and supportive environment for residents.

Sugarbush

Sugarbush brings community to life. Last year, residents in the Ambassador Program hosted a series of dinners for staff in employee housing. For team members living far from home on shortterm work visas, those home-cooked meals became more than food—they became connection.

“I'm so proud of the investment Alterra Mountain Company is making to preserve and upgrade our existing workforce housing. We've spent over $4 million to make our housing more comfortable for employees this past year. We plan to continue this effort across five more resorts in the coming season.”

Willa Williford (she/her) Vice President, Workforce Housing

78% completion of our goal to renovate 1,000 beds

PROGRESSION IN ACTION

Renovations and Restorations

Issue Many of our longstanding workforce housing properties—rich with history and character—needed meaningful modernization to continue providing comfortable places for employees to live.

Action We set an ambitious five-year plan to renovate more than 1,000 beds across our portfolio, ensuring these spaces meet today’s standards and tomorrow’s needs.

Impact We’re on track to meet that goal ahead of schedule, allowing employees to move into upgraded, higher-quality housing—and inspiring a new target of 500 additional beds in our next workplan.

From the Ground Up

Issue Across our destinations, the demand for housing is outpacing supply, challenging our ability to support the people who bring our mountains to life.

Action We committed to a long-term plan to expand our housing footprint, setting in motion the acquisition and development of more than 1,500 new beds by 2030.

Impact Since 2023, we’ve created 332 new beds and acquired 437 more— meaning we’ve already crossed the halfway mark toward our goal, and we’re accelerating support for the teams who make every season possible.

Food Security

Food security is essential to well-being. In mountain communities, remote locations and seasonal work can leave neighbors vulnerable, making local partnerships and targeted investment critical to sustaining healthy, resilient communities.

DESTINATION DROP-IN

Blue Mountain Soup Assembly

At Blue Mountain’s Leadership Summit, more than 200 team members came together for a hands-on effort to address food insecurity while building meaningful connection. In partnership with the nonprofit La Tablée des Chefs, leaders assembled hundreds of soup bags, totaling 2,676 meals.

The meals were donated to the local Salvation Army chapter and a local Mobile Soup Kitchen, providing neighbors with nourishing food while reinforcing a shared commitment to community care.

DESTINATION DROP-IN

Steamboat Mobile Food Pantry

With support from a grant from the Alterra Mountain Company Community Foundation, Steamboat partnered with Food Bank of the Rockies to host three mobile food pantries during peak season. To remove barriers to access, free transportation was provided to and from nearby housing locations.

Through this effort, 14,579 pounds of food were distributed to more than 700 community members, offering practical support when it was needed most and strengthening food security across the Steamboat Valley.

Childcare

For thousands of families across our mountain communities, reliable childcare makes it possible to put down roots and build lives. Across Alterra destinations, we invest in childcare environments that support children’s growth while meeting the real needs of employees and local families.

At locations offering on-site childcare, Alterra prioritizes discounted enrollment for employees’ dependents while also extending services to the broader community. This support helps team members balance work and family life, pursue career growth, and remain fully engaged in their mountain communities, knowing their children are cared for in safe, enriching environments.

The Alterra Mountain Company Community Foundation

Founded in 2020, the Alterra Mountain Company Community Foundation provides critical support to individuals and nonprofits across the mountain communities surrounding Alterra’s North American destinations. Through targeted grants, the Foundation addresses emergencies, disasters, and mental health challenges, supporting and strenghtening communities in need.

Beyond the continuous support from Alterra Mountain Company, every public donation plays a pivotal role in the Foundation’s enduring success. All donations to the Foundation are tax deductible in the U.S.

Our mountain communities are eligible to apply for a variety of grants from the Foundation.

$557K

$557,000 allocated in FY25 for grants supporting emergency hardship and specialized psychotherapies across 13 mountain communities

Specialized Psychotherapies for Mountain First Responders

Our patrollers and guides are often the first on scene when things go wrong. The physical and emotional demands of that role can be significant. In response, the Foundation created a specialized grant program to expand access to therapeutic support across Ikon Pass destinations.

Emergency Hardship Relief

A pillar of the Alterra Mountain Company Community Foundation is its grant program, providing direct resources to individuals and nonprofits in Alterra's mountain communities seeking assistance due to an emergency, disaster, crisis, or trauma.

Alterra Mountain Company

Community Foundation

Ikon Pass Commitment to Mental Well-Being

Mental health plays a critical role in the strength of mountain communities. Remote locations, seasonal work, and limited access to care make sustained support essential. By donating a portion of every Ikon Pass purchase to the Foundation, we help fund mental health initiatives across Alterra Mountain Company destinations and partner communities, extending access to care where it is needed most.

Partnering with U.S. Ski and Snowboard on Mental Health and Return-To-Performance

Investing in community also means supporting the athletes who carry mountain sports onto the global stage. Through our partnership with U.S. Ski & Snowboard, the Foundation funds mental health services and Return-to-Performance support for athletes recovering from injury.

In FY25, more than 40 athletes participated in neurocognitive feedback training, and 5 safely returned to snow through a structured environment designed to rebuild confidence, capacity, and long-term performance.

$21M

$21M+ philanthropic footprint across our global community

Sponsorships and Partnerships

Giving is one of the ways we build strength across our mountain communities. Through sponsorships, partnerships, and in-kind and financial support, we work alongside local organizations. Together, we reinforce what already exists, support communityled solutions, and create lasting, shared impact.

Community Fundraising

Our destinations bring people together to drive fundraising, protect shared landscapes, and support communities when it matters most.

DESTINATION DROP-IN

24 Years of 24H Tremblant

The 24th edition of 24h Tremblant set a new fundraising record, raising $7,069,213 for children’s health and wellbeing. More than 490 teams took part across skiing, snowboarding, running, and alpine touring—demonstrating the collective power of a mountain community.

National Forest Foundation Fund

Meaningful conservation of the places we ride is part of being good stewards of the mountains. Local Alterra destinations including Arapahoe Basin, Winter Park Resort, and Snowshoe Mountain Resort fundraise for the NFF Ski Area Conservation Fund to support wildfire resilience, land and watershed restoration, and sustainable recreation on public lands.

Wildfire Relief at Big Bear Lake

When wildfires displaced families across Los Angeles County, Big Bear Mountain Resort showed up for its community. Partnering with Visit Big Bear and local lodging operators, the resort helped provide safe places to stay and warm meals, offering meal vouchers at Snow Summit and Bear Mountain, along with deeply discounted lodging. In a moment of uncertainty, these efforts offered stability, care, and a sense of home when it was needed most.

Development Programs

Across all 19 Alterra destinations, we work to remove barriers and create opportunities for people of all backgrounds to experience the mountains. This year, more than 81,900 skier visits were donated to local groups, school programs, and underrepresented communities, helping open the door to connection, confidence, and lifelong relationships with the outdoors.

PROGRESSION IN ACTION

Kids Ski Free Week

Issue For many families, cost remains one of the biggest barriers to getting on snow together.

Action During the 2024–25 winter season, Kids Ski Free Week launched across 15 North American Alterra destinations, offering children up to seven free lift tickets. The program was designed to make family mountain time more accessible and to spark a lasting love for skiing and snowboarding.

Impact 9,700+ kids redeemed kids ski free tickets, driving a 203% increase in youth visitation during the same timeframe in prior years.

Share Winter Foundation Partnership

Last year, we donated 6,200 visits through our multi-year partnership with Share Winter Foundation, reshaping the future of mountain sports. This initiative provides youth and adult chaperones with 4 complimentary lessons, lift tickets, rentals, and meals across 24 programs at 11 destinations.

Ikon Pass Mountain Access Program

In 2025, Ikon Pass partnered to expand access to skiing and snowboarding to 60 members of the SheJumps & Natives Outdoors communities. Included in the Mountain Access program is an Ikon Pass, a ski and snowboard lesson, and rentals provided by Ski Butlers.

DESTINATION DROP-IN

Sugarbush Parks

The future of snow sports is shaped by those willing to build it. At Sugarbush Resort, the Sugarbush PARKS team partnered with Hoods to Woods and the Shred Foundation to create Shaping Our Future, a hands-on experience introducing young riders to the technical craft of terrain park design and construction. By learning how parks are built, participants gained skills, confidence, and a deeper sense of ownership in the spaces they ride.

Community Partnerships

We grow the love for mountain adventure by working alongside organizations rooted in community. Through intentional partnerships, we support access, skill-building, and belonging while advancing shared goals.

DESTINATION DROP-IN

Routes to Rootz at Tremblant

Station Mont Tremblant partnered with the local organization Routes to Rootz to host BLK WinterFest, a celebration of Black culture and outdoor sports. With over 200 participants, the event offered a discounted all-inclusive access to skiing or snowboarding, equipment rentals, ski lessons, a live DJ set, and vibrant après-ski.

Routes to Rootz and Tremblant were proudly awarded the Prix d’Excellence 2025: New Skier Development Award, recognizing innovation and originality in bringing new skiers and snowboarders to the slopes.

Slide Thru Sessions at Winter Park Resort

“It’s not a moment, it’s a movement.” Slide Thru Session is on a mission to diversify the mountains, and Winter Park proudly joined them in that goal. In Spring of 2025, more than 80 skiers and riders from across the Front Range were welcomed for a day of spring skiing, shared experience, and belonging on snow.

05Responsibility

At Alterra, we do more than talk about responsibility. We examine it, test it, and prove it through integrity, safety, and privacy protection. The result is trust built through consistent action, across every destination.

“Operating responsibly is more than a checkmark in a box. Here, it is embedded in how we show up every day. Strong governance grounds our decisions, minimizes risk, and builds confidence with everyone who interacts with our destinations. It allows us to grow responsibly today while protecting what matters for the future.”

Julie Bodden (she/her) Vice President, Corporate Governance

Built for Real Conditions

Responsible operations are essential to mountain environments defined by complexity, trust, and shared risk. From safety to compliance to data protection, we hold ourselves accountable to the highest standards while providing our teams with the systems and support needed to operate transparently and securely.

Our Blueprint Safety

Continuously strengthening programs and operations to help protect employees and guests.

Governance

Grounding our business in integrity, accountability, and effective risk management.

Cybersecurity & Data Privacy

Safeguarding personal and operational data to earn and protect trust.

Key Responsibility Impacts This Year

This year, Alterra advanced responsibility across all destinations by strengthening safety performance, reinforcing governance practices, and enhancing Cybersecurity & Data Privacy protections. We track a range of metrics to ensure accountability and continuous improvement.

Safety

7% reduction in OSHA recordable injury rates following new, resort-specific safety plans -7%

28,700+ Health and Safety courses completed through Alterra University 28K

100% enforcement of multi-factor authentication for remote user access

6,000+ employees enrolled in monthly cybersecurity trainings

Data Privacy and Security Impact Assessments completed

100% enrollment in required Alterra Essentials training, reinforcing ethical and responsible conduct company-wide

7% reduction in OSHA recordable injuries driven by localized safety planning. -7%

Safety as a Shared Responsibility

Safety is the bedrock of mountain adventure. At Alterra, our culture of safety empowers teams, builds trust, and ensures the joy of the mountains endures for all.

CORE ELEMENTS OF OUR SAFETY PROGRAM

Employee Safety Initiatives Guest Safety Initiatives

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Alterra Health and Safety University

A centralized resource now accessible to all employees, offering practical guides and training that strengthen safety awareness and day-to-day decision-making.

Localized Ownership

With guidance from the Alterra Health & Safety Team, each location implemented targeted initiatives to address its specific risks, making safety a shared, locally owned responsibility.

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De-escalation Training

Train-the-Trainer programs equip guest-facing teams with skills to manage tense situations, reinforce expectations, and support safer behavior on the mountain.

Clear Safety Communication

Resort websites feature standardized safety messaging and improved navigation, making critical safety information easier for guests to find and use.

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Risk Management Information System (RMIS)

RMIS provides real-time visibility into incidents and trends, enabling clear communication and data-driven action. Dashboards and detailed reporting help leaders identify risk early and implement mitigation strategies tailored to their terrain and operations.

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Community Guidelines & Expectations

All employees, Ikon Pass holders, and season pass holders are required to acknowledge our Community Guidelines and Expectations, setting clear safety and behavior standards for all.

PROGRESSION IN ACTION

Proactive Care

Issue Variable terrain and intense physical demands can increase injury risk across mountain environments.

Action Following early success at Palisades Tahoe, Mammoth Mountain introduced on-site athletic trainers to support proactive injury prevention and strengthen its safety culture.

Impact Employees gained no-cost access to injury prevention care. Four additional Alterra destinations will introduce this benefit in the 25/26 season.

DESTINATION DROP-IN

Stratton Mountain Resort

Stratton Mountain Resort earned the National Ski Areas Association’s 2025 Best Overall Safety Program award for resorts under 500,000 visits, marking its ninth national safety honor. A team-driven approach, including guest education, youth programs, and the integration of mental health into safety training, helped redefine what safety looks like for mountain communities.

Winter Park Resort

At Winter Park Resort, Health and Safety partnered with Operations to empower each department to identify risks and implement solutions. This shift toward local ownership reduced injuries by 12% and strengthened accountability across the resort.

Solitude Mountain Resort

Solitude Mountain Resort reduced bikerelated employee injuries by updating on-the-clock biking protocols and implementing a formal skills signoff for Bike Patrol. Targeted changes delivered measurable improvements in employee well-being and daily operations.

“From the front line to the summit, safety is everyone’s responsibility. We empower our teams with tools, training, and localized plans to proactively protect our communities at every turn. We work every day to help our employees and guests feel secure and supported for their days on the mountain.”

Kate Ferris (she/her) Director of Health and Safety

Ethical Culture

Ethical standards set the baseline for how we work together. At Alterra Mountain Company, shared policies guide every team member, reinforcing accountability, respect, and responsible decision-making across the organization.

To ensure every voice can be heard, we maintain a 24/7 anonymous employee reporting hotline available in English, French, and Spanish. This resource empowers team members to raise concerns with confidence, strengthening trust and integrity across our community.

Our core policies include:

» Code of Business Conduct & Ethics

» Anti-Harassment Policy

» IT Security Policy

» Team Member Privacy Policy

» Protecting Personal Information (PII)

» Media and Social Media Policy

» Legal Governance Policy

» Anti-Corruption Policy

» US Drug & Alcohol Policy (US destinations)

100%

100% enrollment in required Alterra Essentials training, reinforcing ethical and responsible conduct company-wide.

Governance

Business Risk Mitigation

Our Internal Audit team plays a central role in identifying, evaluating, and managing risk across corporate functions, resort operations, financing, and new services. Operating independently, the team provides senior leadership and the Audit Committee with insight into risk exposure, governance, controls, fraud prevention, and operational best practices.

Risk oversight extends from daily operations to longterm resilience. Climate-related risks are embedded within our enterprise risk management framework, aligned with Task Force on Climate-related Financial Disclosures (TCFD) guidance to support informed governance and long-term planning.

Risk Assessment

Responsibilities

Vice President of Internal Audit

Identifies, documents, and tests enterprise and operational risks

Audit Committee Reviews and confirms findings and oversees climate-related financial risk in alignment with TCFD strategy

Board of Directors

Evaluates and manages enterprise-level risks and governance oversight

Evaluating and Managing Risks Across Our Business

Embedded climate risks into the enterprise risk management framework

Acquired key business control identification and standardization

Annual Risk assessment

Resort Baseline internal control standards

IT General control standardization and execution

Best practice gap assessment & remediation

Business operations improvement opportunities

Quarterly key control certifications

Annual audit plan creation & execution

Annual fraud risk assessment

Enterprise risk management

Materiality Assessment and Feedback

Infrastructure and Community Preparedness

Cybersecurity & Data Privacy

Cybersecurity & Data Privacy

Protecting personal and operational data is essential to maintaining trust with our employees, guests, and communities.

Alterra’s Cybersecurity & Data Privacy programs safeguard sensitive information while enabling seamless and secure experiences across our destinations.

Data Privacy

Alterra’s guest and team member privacy policies align with applicable laws and clearly outline what personal information is collected, how it is used, and how it is protected. These policies reflect a commitment to transparency, compliance, and responsible data stewardship.

Cybersecurity

Alterra follows the National Institute of Standards and Technology (NIST) Cybersecurity Framework, a widely trusted standard used across government, financial, and healthcare sectors. This framework supports strong defenses, proactive risk management, and continuous improvement across our systems.

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5 6 Govern Identify Protect Detect Respond Recover

Cybersecurity & Data Privacy

Cybersecurity & Data Privacy protect real people, not just systems. At Alterra, that responsibility is shared and built through three pillars: People, Governance, and Technology.

People

» Maintain dedicated cybersecurity and privacy teams

» Invest in ongoing employee training

» Promote best-practice policies and awareness across the organization

Governance

» Coordinate closely across Legal, Cybersecurity, and Privacy teams

» Limit access to personal information based on defined need-to-know criteria

» Enforce strong controls governing access to sensitive data

Technology

» Enhance threat detection and endpoint monitoring

» Invest in systems supporting privacy rights compliance

“Our job is to quietly secure every digital interaction so the experiences that matter most remain uninterrupted. Cybersecurity isn’t just defense— it’s the foundation of trust.”

Erica Boyle (she/her) Vice President, Cybersecurity & Compliance

“Data privacy is personal. That’s why Alterra has built strong teams, adopted robust governance, and advanced its technology, all of which work to keep your data secure so everyone can focus on the mountains and having fun.”

Jane Zsigmond (she/her) Chief Privacy Officer

Grounded in responsibility. Measured by impact. Carried forward, together.

This is Our Forward

Forward Stance