Our commitment to the future starts now

At VESTE S.A., we believe in fashion that creates a positive impact.

Every day, we work to reduce our impacts, adopt responsible practices, and create products that respect the planet and people.

We are on a journey of continuous evolution — innovating, improving, and transforming fashion into a force for good.

Environmental Initiatives

Caring for the planet is part of who we are

We work to reduce impacts across our entire value chain — from the choice of materials to the energy we use, from cotton traceability to waste management.

We are making progress on science-based climate targets, expanding the use of lower-impact raw materials, ensuring transparency in cotton sourcing, and operating with renewable energy.

We are also advancing in recycling, responsible packaging, and partnerships that strengthen the entire textile value chain.

Social Initiatives

People at the center of everything

Caring for people is part of our identity.

We promote equality, expand opportunities, and empower diverse talent across our entire value chain.

We support female leadership, strengthen Black representation, invest in training and development, and collaborate with social projects that transform lives.

Governance Practices

Transparency and ethics guiding every decision

For us, governance is synonymous with responsibility.

We act with ethics, transparency, and respect for human rights, ensuring trustworthy relationships with investors, partners, suppliers, and employees.

We follow best market practices, are listed on B3’s Novo Mercado segment, and maintain policies, codes, and channels that reinforce our commitment to integrity and data security.

Transparency and Commitment

Every year, we share our progress, goals, and challenges through reports and communication initiatives. We work with transparency because we believe sustainability is built together with our customers, partners, and employees.

Sustainability Report 2024

ENVIRONMENTAL

Our actions related to the environmental pillar

Our environmental pillar is based on the continuous assessment and measurement of impacts across the entire production, commercialization, and operation chain of our brands. We strive to act in an increasingly responsible manner in product manufacturing, waste management, and distribution. We work closely with partners and suppliers who share our values of responsibility, promoting the efficient use of energy and water, encouraging waste segregation and recycling, and the use of renewable resources.

COMMITMENT TO CLIMATE ACTION

Greenhouse gas (GHG) emissions are one of the main drivers of the worsening climate crisis, highlighting the urgent need for mitigation actions by organizations and governments to ensure a sustainable future for the next generations. Within the context of the fashion industry, we recognize our responsibility and maintain a strong commitment to reducing environmental impacts. In 2025, we advanced in our decarbonization journey and submitted our reduction targets to the Science Based Targets initiative (SBTi), one of the leading global benchmarks for the scientific validation of climate targets.

In this way, we ensure that our commitments are aligned with what science indicates is necessary to limit global warming, strengthen transparency and credibility with the market, and ensure that our emission reduction actions are ambitious, measurable, and consistent with today’s climate challenges.

In addition, we are also part of the Net Zero Ambition Movement, an initiative accelerating the transition toward a carbon-neutral future, led by the United Nations Global Compact. This commitment reinforces our engagement in the decarbonization journey.

USE OF RESPONSIBLE MATERIALS

We work to expand the use of lower-climate-impact fibers in our products, aiming for 25% by 2025. We follow industry-recognized criteria, such as the ABVTEX – Brazilian Textile Retail Association’s Preferred Materials and Fibers Matrix Guide, and align with the Textile Exchange’s Materials, Processes, and Product Classification Guide, which guide our choices of raw materials responsibly and in line with global best practices.

Learn about the criteria and attributes of these raw materials:

Attributes of Responsible Raw Materials

COTTON TRACEABILITY

In September 2023, we joined the Sou de Algodão Movement, an initiative by ABRAPA (Brazilian Association of Cotton Producers). This membership reinforces our commitment to responsible practices and highlights a fiber that is essential to our portfolio.

In 2024, cotton accounted for 55% of the materials used in all the products we sold, followed by polyester (18%) and viscose (11%), demonstrating the importance of this raw material in our collections.

Our brands Dudalina and Individual are part of the Sou ABR program, which ensures full traceability of cotton garments, guaranteeing the socio-environmental certification of the raw material’s origin in our products. Consumers can access detailed information about the origin of the cotton through a QR Code on the product labels, enabled by blockchain-based technology that securely and reliably records every step of the production process, respecting the individuality of each product’s traceability.

OUR SUPPLIERS

Our national suppliers of apparel, accessories, and footwear are certified by the Brazilian Textile Retail Association (ABVTEX). To obtain this certification, suppliers undergo a rigorous audit to ensure compliance with industry best practices and legal requirements, addressing issues such as child labor, slave labor, and any form of discrimination. The audit also verifies fair working hours, worker safety, and full compliance with labor laws and environmental regulations. Even after certification and the start of the partnership, suppliers must remain compliant with these rules and pass our internal audit annually.

Supplier List Draft Supply Agreement

OUR FACTORIES

We have factories in Terra Boa (PR) and Aparecida de Goiânia (GO). In both locations, we ensure safe and adequate working conditions, with organized and hygienic environments, regulated working hours, and facilities designed for employee well-being.

All units undergo internal audits and ABVTEX certification, which evaluates labor, social, and environmental requirements. They also hold environmental licenses and carry out certified disposal of all industrial waste, ensuring responsible operations from start to finish.

The Terra Boa factory holds the ABVTEX Gold Seal, the highest level of certification. This indicates 100% compliance, more mature processes, and consistent responsible management practices—an achievement that demonstrates excellence and full adherence to industry standards.

SOCIAL RESPONSIBILITY AUDITS

In addition to the requirement of ABVTEX certification, we also conduct periodic internal audits (or spot audits in specific cases) to monitor our suppliers. This work has been publicly recognized by government authorities and adds value and professionalism to the entire production chain.

We provide all necessary support to ensure that suppliers consistently meet the highest standards. If a supplier fails to meet the targets we set, we implement a corrective action plan to address non-compliance. If the supplier still does not comply after three months, we discontinue the partnership.

Supplier Approval Procedure Supply Manual Audit Checklist

ENERGY EFFICIENCY

In 2024, we took another important step in our journey toward energy efficiency and reducing environmental impacts by adopting the use of renewable energy as part of our commitment to increasingly sustainable operations.

With this change, all of our facilities — the office and distribution center in São Paulo, as well as the two factories — are now powered by clean, renewable energy, ensuring that our activities are carried out with a lower environmental impact.

By 2030, our commitment is to use 100% renewable energy across our entire operation, including stores.

WASTE

Managing waste responsibly is essential to prevent impacts on soil, water, air, and human health. With this in mind, we seek to deepen procedures that can increase the eco-efficiency of our waste management. A significant portion of our materials is recycled, such as cardboard, paper, plastic, glass, and wood, alongside a small volume of hazardous waste, such as lamps and general electronic waste. All of these are directed to environmentally proper disposal, ensuring our compliance with the guidelines and regulations established by law.

At our Terra Boa factory, textile scraps from the production process are sold for recycling, and the funds raised are fully reinvested in social initiatives in the city. Since 2024, this initiative has enabled donations of appliances, electronics, and food to a local elderly care home.

PACKAGING

We prioritize paper packaging, and across all our brands, these carry the FSC® certification, which ensures the sustainable sourcing of the raw materials used in bags and various packaging.

Although plastic bags for clothing are not provided to customers in physical stores, they are necessary for e-commerce to prevent damage during shipping and are also used in wholesale (B2B). Taking an important step to meet our public goals and commitments, we partnered with a supplier that works with 100% post-consumer recycled plastic. As a result, in 2025, we began this replacement, providing a more sustainable alternative without compromising product protection.

To learn more about the FSC certification

EURECICLO PARTNERSHIP

Since 2022, we have been partners with EuReciclo, the largest reverse logistics certifier in the country. Through this environmental compensation solution, we ensure that 100% of the same volume and type of packaging delivered to our customers—both in physical stores and e-commerce—is recycled. This partnership directly contributes to reducing the environmental impact of waste, while also generating jobs and income for waste pickers and cooperatives, supporting the creation and development of a fairer recycling chain.

Since the beginning of our partnership with EuReciclo, we have facilitated the recycling of 721 tons of paper and 25 tons of plastic.

SOCIAL

Learn more about our actions related to the social pillar

The social pillar places people at the core of Veste. We are committed to complying with Brazilian labor laws, respecting our employees, and ensuring dignified and safe working conditions, while promoting equality and competence. We value healthy and harmonious relationships, reflecting our values and our culture from the inside out.

WOMEN LEAD

Promoting gender equality and strengthening female leadership are pillars of our social strategy. We are part of the Women Lead movement, led by the United Nations Global Compact, which encourages companies to advance toward gender parity in senior leadership by 2030.

At Veste, women are already the majority—including in leadership positions. Even though this goal has been achieved, we maintain this commitment in our 2030 Goals and Objectives, emphasizing the importance of preserving and expanding female representation at all levels of the organization.

DIVERSITY AND INCLUSION

We believe that diversity is essential for creating an innovative environment. It is through encounters with different perspectives that new ideas emerge and old assumptions are challenged, giving rise to the new. We see diversity as a strength that should be celebrated as such. As part of our 2030 Goals and Objectives, we are committed to achieving 40% of leadership positions held by Black, Brown, and Indigenous individuals.

We continuously invest in training and encourage reflection through our Diversity Committee. Our Diversity Guide reinforces our commitment to coexist with differences, without discrimination of any kind.

Diversity Guide

“DESENVOLVE TALENTOS NEGROS” PROGRAM

The “Desenvolve Talentos Negros” program is our affirmative action initiative aimed at promoting the professional growth and development of black employees in entry-level operational or administrative positions. The initiative directly contributes to our goal of achieving 40% Black leadership by 2030.

The first edition, completed in 2024, included 1,075 hours of training, as well as job rotations and a final challenge in which participants presented cases for areas such as CRM, Market Intelligence, Technology, Data Science, and OMNI. As a result, six employees were approved and promoted to their areas of interest.

In the second edition, the focus was on accelerating the careers of retail talent. Employees working as sales associates and sales assistants participated in a 10-month program, with development tracks and hands-on experiences that accelerated, on average, three years of professional growth. By the end, 50% of participants reached the case presentation stage, and among them, 75% were promoted to assistant sales manager positions.

SOCIAL PROJECT – INSTITUTO PROTEA

Instituto Protea’s mission is to provide breast cancer treatment for low-income women. Le Lis has been a long-term partner, donating 100% of the profits from themed product sales to the organization, in addition to other support initiatives from our brands BO.BÔ and Estoque (outlet).

Since the beginning of the partnership, more than 3,000 women have benefited, with a total investment of R$ 1.85 million from our brands.

NGO Website

PARTNERSHIP WITH AMIGOS DO BEM AND LE LIS CASA

Le Lis Casa joined forces with the NGO Amigos do Bem to create a line of socially responsible products, entirely handmade. For this initiative, we invited Luly Vianna to train 20 artisans from the NGO’s unit in Alagoas, offering sewing and craft workshops that enhanced their skills and income opportunities.

Under Luly’s guidance, these women developed the four tableware products that make up the social partnership—unique, handcrafted pieces that highlight artisanal work and directly contribute to transforming lives.

100% of the sales profits are donated to Amigos do Bem, supporting social projects in education, income generation, and human development in the semi-arid region of northeastern Brazil.

Learn more

SOCIAL PROJECT – CASA DOS CURUMINS – JOHN JOHN

John John has aligned its social cause with Banda dos Curumins. Formed by young people from the southern zone of São Paulo, the group emerged from social projects focused on musical education and has been captivating audiences with performances of high artistic, cultural, and educational quality. This initiative reinforces the appreciation of Brazilian music and talent, celebrating the creativity and expression of a new generation of artists.

John John provides the outfits for the band’s performances. In addition, eco-friendly bags designed by the NGO will soon be launched and sold in John John’s physical stores and online, with profits donated to Casa dos Curumins.

Spotify NGO Website

GOVERNANÇA

Learn more about our actions related to the corporate governance pillar

In the governance pillar, we prioritize building trustworthy, lasting, and transparent relationships with our investors, partners, employees, and other stakeholders. Ethics and transparency are the starting points for all company decisions—values we consider non-negotiable. This approach reinforces our commitment to creating an environment of trust and alignment with best market practices.

OUR CORPORATE GOVERNANCE PRINCIPLES

Our principles guide all of our practices and strengthen a trust-based environment both inside and outside Veste.

Transparency

We share relevant information clearly and accessibly, going beyond what is required by law. Our commitment includes not only financial and economic data but also factors that influence the company’s management and value creation.

Corporate Responsibility

We strive to ensure Veste’s economic and financial sustainability while minimizing negative impacts, taking into account all our capitals—financial, human, social, environmental, and reputational—through a short-, medium-, and long-term perspective.

Equity

We treat all our shareholders, employees, and other stakeholders fairly and equally, respecting their rights, needs, and expectations.

Accountability

Our governance agents are accountable for their decisions and actions in an objective and timely manner, assuming responsibility and acting with diligence.

UNITED NATIONS GLOBAL COMPACT

We are signatories of the Global Compact– a framework created by the United Nations (UN) for companies committed to aligning their operations and strategies with the ten principles covering human rights, labor rights, the environment, and anti-corruption.

IDV – INSTITUTE FOR RETAIL DEVELOPMENT

We support the Institute for Retail Development (IDV), an initiative led by business leaders and CEOs of some of the largest companies in the sector in Brazil, aimed at strengthening the representation of retail companies across different industries at the national level.

NOVO MERCADO SEAL – B3

We maintain our commitment to the highest standards of corporate governance by being part of B3’s Novo Mercado, the listing segment that brings together companies with the strictest practices of transparency, ethics, and shareholder protection.

Through this, we reinforce our dedication to responsible management, clear access to information, and the adoption of structures that promote trust, credibility, and long-term sustainability.

Our Policies and Bylaws

RESPECT AND UPHOLDING OF HUMAN RIGHTS

Veste does not allow or tolerate any form of discrimination or prejudice, of any kind (race, color, age, gender, sexual orientation, religion, physical or intellectual disability, ethnic background, socio-cultural condition, nationality, or marital status) directed at any employee, supplier, partner, or customer.

We reaffirm that our core values include respect for people, the promotion of diversity, and the strict observance of human rights.

CODE OF ETHICS AND CONDUCT

Our Code of Ethics and Conduct guides the ethical principles and the way the Company conducts its business, always seeking relationships based on respect for people, the environment, and our values and guidelines.

This is our guide, shared digitally with all employees and presented at every hiring, reinforcing our commitment to the best governance practices.

Access the Code of Ethics and Conduct

CONFIDENTIAL CHANNEL

Widely communicated within the Company’s facilities and in our stores, the whistleblowing channel is always open for employees, suppliers, partners, and customers to report conduct that violates our Code of Ethics and Conduct or current legislation.

Quickly, safely, and confidentially, anyone can submit a report or complaint online or by phone. Reports are investigated by an independent third-party company and forwarded to our Internal Audit and Human Resources departments. This channel is publicly accessible, and anyone can report any issue, with complaints handled discreetly and seriously.

To access our Confidential Channel, call 0800 721 0749 or visit the website:

Confidential Channel

DATA PROTECTION

We prioritize the security of personal data and information of customers, employees, suppliers, partners, and other stakeholders, operating in compliance with the General Data Protection Law (LGPD), No. 13,709/2018.

Our management model ensures that the Company’s operations and business model are aligned with the requirements established by current legislation.

Privacy and Data Protection Governance Policy

Sustainability Report

Goals and Commitments