Climate Change Data

Macy's, Inc.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Human Capital
  • Diversity, Equity & Inclusion
  • Social Impact
  • Sustainability

Environmental Achievements

  • Setting near-term, company-wide emission reductions in line with climate science guidelines with the Science Based Targets initiative (SBTi).
  • Investing in sustainable innovations that help reduce, reuse and repurpose materials to eliminate waste.
  • Incorporating sustainably sourced raw materials and fibers in the design of Macy’s private brands.
  • Worker well-being in social and environmental audits of 100% of our Strategic Tier 1 private brand supplier facilities.

Social Achievements

  • Raised and donated more than $35 million.
  • Volunteered nearly 54,000 hours.
  • Raised more than $19 million through 17 national customer round up campaigns.
  • Awarded $12 million in corporate grants to more than 300 communities across the U.S.
  • Increased minimum pay rate for colleagues to $15 per hour.
  • Investing $35 million over four years to provide a fully-funded education program to our colleagues through Guild Education.
  • From 2020 to 2022, approximately 68% of MOSAIC participants were promoted or moved into a laterally accretive role, with approximately 26% promoted to the senior director level.

Governance Achievements

  • Maintained 99% pay equity across gender and race in 2022.
  • 100% colleague access to view their role’s pay zone and salary range.
  • 100% transparency on salary range in Macy’s and Bloomingdale’s job listings nationwide.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • By 2025, we will donate more than $100 million to nonprofit organizations that support the mental health and education of underrepresented youth as well as environmental stewardship.
  • By 2025, we’re inspiring the next generation of designers and creators by providing $2 million to support programs and scholarships to underrepresented youth in fashion, design and sustainability.
  • By 2025, we’ll direct $5 billion of our spend to our people, partners, products and programs with the aim of creating a more equitable and sustainable future.
  • reach 30% ethnic diverse representation at the director and above level by 2025

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: 100% of our Strategic Tier 1 private brand supplier facilities

Responsible Procurement
  • Incorporating sustainably sourced raw materials and fibers in the design of Macy’s private brands.
  • advancing workers’ rights, women’s equality and family well-being in our global private brands value chain

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Incorporating sustainably sourced raw materials and fibers in the design of Macy’s private brands.

Awards & Recognition

  • Not disclosed