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Caleres, Inc.

CAL

Consumer Discretionary

1

exclusion reason

1 theme

Animal Welfare (1)
CAL Consumer Discretionary Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Exploitation
Since Jul 28, 2021

Caleres, Inc. is a major footwear company whose business model is fundamentally dependent on animal exploitation. The company manufactures and sells leather shoes and accessories, sourcing hides from the global meat and dairy industries. Its core brands, including Famous Footwear, Sam Edelman, Naturalizer, and Allen Edmonds, derive significant revenue from leather goods, a co-product of industrial animal agriculture.

While specific sourcing audits or animal welfare policies were not identified in the gathered evidence, the company's primary product category inherently relies on large-scale animal slaughter. The leather supply chain is inextricably linked to systemic practices in the meat and dairy sectors, including confinement, transport, and slaughter methods that are standard in factory farming. Caleres has not published a comprehensive alternative materials strategy or committed to phasing out animal-derived materials.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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