Caleres Debuts at No. 68 on Newsweek’s Annual Most Responsible Company List

Rhea-AI Summary

Caleres (NYSE:CAL) has been recognized by Newsweek as one of America’s Most Responsible Companies for 2022, debuting at No. 68 overall and ranked 10th in the Consumer Goods category. This award highlights the company's commitment to corporate social responsibility (CSR), particularly in environmental, social, and corporate governance (ESG) initiatives. The recognition comes after the release of Caleres’ inaugural ESG report earlier this year.

Positive

• Ranked 10th in Consumer Goods category and 68th overall in 2022 by Newsweek.
• Recognition reflects strong commitment to corporate social responsibility and ESG initiatives.

Negative

• None.

Ranked 10^th in Consumer Goods Category

Recognized as top fashion and footwear company in the listing

ST. LOUIS--(BUSINESS WIRE)-- Caleres (NYSE:CAL) has been named by Newsweek to the 2022 list of America’s Most Responsible Companies. Caleres debuted at No. 68 in the rankings following the publication of its inaugural Environmental Social Governance (ESG) report earlier this year. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry-ranking provider.

Each year thousands of companies are considered with only 500 making the final list from Newsweek. Caleres ranked 10^th in the Consumer Goods category and the top fashion and footwear company in the rankings. The award recognizes companies for their ongoing commitment to corporate social responsibility (CSR), particularly related to environmental, social, and corporate governance (ESG) initiatives.

“As a 140+ year old company, we have a long history of doing the right thing. It is truly part of our DNA,” said Diane Sullivan, chairman and CEO of Caleres. “We issued our first ESG report earlier this year and this recognition is humbling and a strong reinforcement that we are on the right track to make further progress toward our sustainability goals. We believe how we do business is as important as the business we do and over the long term, the most responsible companies will be the most profitable.”

America’s Most Responsible Companies were selected based on publicly available key performance indicators derived from CSR Reports, Sustainability Reports, and Corporate Citizenship Reports as well as an independent survey. The KPIs focused on company performance in the environmental, social, and corporate governance areas, while the independent survey asked U.S. citizens about their perception of company activities related to corporate social responsibility. The final list recognizes the top 500 most responsible companies in the United States, spanning 14 industries.

To learn more about Caleres’ sustainability efforts and read its ESG report visit: https://www.caleres.com/c/-/media/caleres/about-us-new/final-esg/caleres-esg-report-042221-12pm.pdf. You can view the entire 2022 list of America’s Most Responsible Companies here: https://www.newsweek.com/americas-most-responsible-companies-2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005961/en/

Logan Bonacorsi

lbonacorsi@caleres.com

Source: Caleres

FAQ

What is Caleres' ranking in Newsweek's 2022 Most Responsible Companies list?

Caleres ranked 68th overall and 10th in the Consumer Goods category.

What criteria were used to select America’s Most Responsible Companies?

Companies were evaluated based on publicly available key performance indicators and an independent survey.

How does Caleres aim to improve its sustainability?

Caleres issued its first ESG report earlier this year to reinforce its commitment to sustainability goals.

Which company was recognized as the top fashion and footwear brand in the rankings?

Caleres was recognized as the top fashion and footwear brand in Newsweek's rankings.

When was Caleres' first ESG report published?

Caleres published its inaugural ESG report earlier in 2022.