Caleres Highlights Progress Toward 2025 Environmental, Social & Governance Commitments

Rhea-AI Summary

Caleres releases its 2022 ESG Summary Report, showcasing progress towards its 2025 ESG goals.

Positive

• 75% of Caleres' products and 100% of shoeboxes for owned brands use environmentally preferred materials.
• Caleres reclaimed, recycled, or refurbished 90,000 pairs of shoes in 2022, meeting its annual goal.
• Caleres earned a perfect score on the Human Rights Campaign Foundation's 2022 Corporate Equality Index.
• The Caleres Cares Charitable Trust gave $1.2 million in grants and matched over $376,000 through a dollar-for-dollar matching gifts program.
• Caleres reinvented its tuition assistance program to help more Associates pursue higher education, with 126 Associates pursuing a degree or certification in the fall 2022 semester.
• Caleres was named to Newsweek's list of America's Most Responsible Companies for the second consecutive year.

Negative

• None.

Company releases 2022 ESG Summary Report

ST. LOUIS--(BUSINESS WIRE)-- Today, Caleres (NYSE: CAL) released its environmental, social, governance (ESG) summary report to share an update on activities from 2022 and report progress against the company’s 2025 ESG commitments in an off-cycle year between full biennial ESG reports.

“We are celebrating strong progress as we cross the halfway mark on our 2025 ESG goals,” said Jay Schmidt, president and chief executive officer, Caleres. “We are proud of what we have achieved thus far and believe the collective passion, focus and commitment of our Associates will enable us to reach our targets. I am excited to be leading Caleres at this point in its responsibility evolution and even more excited about the opportunity to improve in the years to come."

Notable achievements shared in the 2022 Summary Report include:

• 75% of Caleres’ products and 100% of shoeboxes for owned brands use environmentally preferred materials.
• Caleres reclaimed, recycled or refurbished 90,000 pairs of shoes in 2022, meeting its annual goal.
• Caleres earned a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, measuring corporate policies and practices related to LGBTQIA+ workplace equality.
• The Caleres Cares Charitable Trust gave $1.2 million in grants and matched over $376,000 through a dollar-for-dollar matching gifts program.
• Caleres reinvented its tuition assistance program to help more Associates pursue higher education, with 126 Associates pursuing a degree or certification in the fall 2022 semester.
• Caleres is working with strategic factories to determine a significant source of its Scope 3 greenhouse gas emissions.

In addition to companywide initiatives, the summary report highlights significant initiatives by individual brands in the Caleres portfolio and their contribution toward ESG goals. Notably, Caleres was named to Newsweek’s list of America’s Most Responsible Companies for the second consecutive year.

View the “Caleres Cares … Feet First” summary report here or visit www.caleres.com/about/esg for more information on our ESG commitments.

About Caleres:

Caleres is a diverse portfolio of global footwear brands that include Famous Footwear, Sam Edelman, Vionic, Naturalizer, Allen Edmonds, LifeStride, and more. Our products are available virtually everywhere – in the nearly 1,000 retail stores we operate, in hundreds of major department and specialty stores, on our branded e-commerce sites, and on many additional third-party retail websites. Combined, these brands make Caleres a company with both a legacy and a mission. Our legacy is our more than 140 years of craftsmanship and our passion for fit, while our mission is to continue to inspire people to feel great … feet first. Visit caleres.com to learn more about us.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230420005759/en/

Investor Contact:

Logan Bonacorsi

lbonacorsi@caleres.com

Media Contact:

Kelly Malone

kmalone@caleres.com

Source: Caleres

FAQ

What is Caleres' 2022 ESG Summary Report?

Caleres' 2022 ESG Summary Report provides an update on the company's environmental, social, and governance activities and progress towards its 2025 ESG goals.

What are some notable achievements mentioned in the report?

Some notable achievements mentioned in the report include: 75% of Caleres' products and 100% of shoeboxes for owned brands use environmentally preferred materials, 90,000 pairs of shoes were reclaimed, recycled, or refurbished in 2022, Caleres earned a perfect score on the Human Rights Campaign Foundation's 2022 Corporate Equality Index, and the Caleres Cares Charitable Trust gave $1.2 million in grants and matched over $376,000 through a dollar-for-dollar matching gifts program.

Has Caleres received any recognition for its ESG efforts?

Yes, Caleres was named to Newsweek's list of America's Most Responsible Companies for the second consecutive year.

How has Caleres supported its Associates' pursuit of higher education?

Caleres reinvented its tuition assistance program to help more Associates pursue higher education, with 126 Associates pursuing a degree or certification in the fall 2022 semester.