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Caleres Reports Progress Toward 2025 ESG Goals

Releases 2023 ESG Report

2023 report details new environmental initiatives, stronger supply chain

standards and more

Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear

brands, today released its environmental, social, governance (ESG) Report to

share activities from 2023 and report progress against the company’s 2025

ESG commitments.

“At Caleres we have a commitment to drive a sustainable business and

generate value for all our stakeholders beginning with our caring and

inclusive culture,” said Jay Schmidt, president and chief executive officer.

“We are actively working to reduce our own environmental footprint while at

the same time promoting best practices and responsibility across our supply

chain and the broader footwear industry. Caleres made significant progress in

2023 on our 2025 ESG goals, which serve as a compass for our strategic choices

and day-to-day decision-making. These achievements would not be possible

without the efforts of our global team of Associates.”

Notable achievements shared in the 2023 ESG Report include:

* Launching the One Planet Standard, an earned designation for its products that

meet the company’s highest level of sustainability criteria measured across

six lifecycle stages.

* Reporting its inaugural Scope 3 greenhouse gas emissions data and helping

suppliers reduce their environmental footprints.

* Closing in on 2025 ESG targets, including 93% of Caleres-owned products

containing at least one environmentally preferred material and 86% of

strategic factories complying with heightened labor standards.

* Tailoring its people management efforts to align with company values by

bringing DE&I and Talent Acquisition operations under one leader.

* Introducing a new learning platform, resulting in a 245% increase in training

hours.

* Contributing a combined $800,000 from Associates and the Caleres Cares

Charitable Trust to United Way through its annual campaign.

* Partnering with the Soles4Souls 4EveryKid program, with combined customer and

Caleres Cares Charitable Trust donations providing 30,679 children

experiencing homelessness with brand new athletic shoes.

The 2023 Report also highlights notable achievements by individual brands in

the Caleres portfolio and their contribution toward the company’s overall

ESG goals.

View the “Caleres Cares … Feet First” 2023 Report here

(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.caleres.com%2F-%2Fmedia%2Fproject%2Ftenant%2Fcaleres%2Fcaleres%2Fpdfs%2Fesg%2Fesg2024%2Fcaleres-2023-esg-report.pdf&esheet=53946031&newsitemid=20240423080776&lan=en-US&anchor=here&index=1&md5=8a9c85387908576d29424c577f3b2840)

and visit www.caleres.com/about/esg

(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.caleres.com%2Fabout%2Fesg&esheet=53946031&newsitemid=20240423080776&lan=en-US&anchor=www.caleres.com%2Fabout%2Fesg&index=2&md5=30ba8408b12f7c188fa3d6e62a140697)

for more information on our ESG commitments.

About Caleres:

Caleres is a market-leading portfolio of global footwear brands that includes

Famous Footwear, Sam Edelman, Allen Edmonds, Naturalizer and Vionic. 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

(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.caleres.com%2F&esheet=53946031&newsitemid=20240423080776&lan=en-US&anchor=caleres.com&index=3&md5=900e8590dbae9c8aababc69d2e5f4597)

to learn more about us.

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(https://www.businesswire.com/news/home/20240423080776/en/)

Investor Contact:

Logan Bonacorsi

lbonacorsi@caleres.com (mailto:lbonacorsi@caleres.com)

Media Contact:

Kelly Malone

kmalone@caleres.com (mailto:kmalone@caleres.com)

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