Macys

Macy's reported total Scope 1 emissions of 67,002,000 kg CO2e and Scope 2 market-based emissions of 417,784,000 kg CO2e in 2023. Their Scope 3 emissions for the same year were approximately 10,364,919,000 kg CO2e. Key contributors to Scope 3 included purchased goods and services at about 8,583,261,000 kg CO2e and upstream transportation and distribution at approximately 486,097,000 kg CO2e.

Looking back, in 2022, Macy's Scope 1 emissions were 40,901,000 kg CO2e, and Scope 2 market-based emissions were 425,645,000 kg CO2e. Their Scope 3 emissions in 2022 were approximately 12,559,258,000 kg CO2e.

Macy's has committed to setting near-term, company-wide emission reductions in line with climate science with the Science Based Targets initiative (SBTi), a commitment made in November 2022. These targets cover Scope 1 and Scope 2 emissions for the period of 2023 to 2030. Additionally, Macy's aims to reduce energy consumption by 10% from a 2018 baseline by 2025, impacting both Scope 1 and Scope 2 emissions.