Macys
Macy's, Inc., a prominent American retail giant, is headquartered in Cincinnati, Ohio, and operates extensively across the United States. Founded in 1858, Macy's has established itself as a leader in the department store industry, offering a diverse range of products including clothing, accessories, home goods, and beauty items. Known for its iconic flagship store in New York City, Macy's has achieved significant milestones, such as pioneering the Thanksgiving Day Parade and embracing e-commerce innovations. With a commitment to quality and customer service, Macy's distinguishes itself through exclusive brand partnerships and a unique shopping experience. As a key player in the retail sector, Macy's continues to adapt to market trends, solidifying its position as a trusted destination for consumers seeking style and value.
DitchCarbon Score
How does Macys's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Macys's score of 52 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Macys's reported carbon emissions
In 2023, Macy's reported total carbon emissions of approximately 10,364,919,000 kg CO2e, with emissions distributed across various scopes: 67,002,000 kg CO2e for Scope 1, 417,784,000 kg CO2e for Scope 2 (market-based), and 10,364,919,000 kg CO2e for Scope 3. The total emissions for Scope 1 and 2 combined amounted to about 512,573,000 kg CO2e. Macy's has made significant commitments to reduce its carbon footprint. In November 2022, the company pledged to set near-term company-wide emission reductions in line with climate science through the Science Based Targets initiative (SBTi), targeting both Scope 1 and Scope 2 emissions. This commitment spans from 2023 to 2030, although specific reduction percentages have not been disclosed. Additionally, Macy's aims to reduce energy consumption by 10% from a 2018 baseline by 2025 for both Scope 1 and Scope 2 emissions. This initiative reflects the company's ongoing efforts to enhance sustainability and mitigate climate impact. Overall, Macy's is actively working towards its climate commitments while addressing its substantial carbon emissions across all scopes.
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| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 96,876,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 710,548,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Macys is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
