Macy's, Inc., commonly known as Macy's, is a leading American department store chain headquartered in Cincinnati, Ohio. Founded in 1858, Macy's has established itself as a prominent player in the retail industry, with a significant presence across the United States. The company operates a diverse range of stores, including flagship locations in major cities and regional outlets, offering a wide array of products. Macy's is renowned for its extensive selection of apparel, home goods, and beauty products, distinguished by its commitment to quality and customer service. The brand has achieved notable milestones, including the introduction of iconic events like the Macy's Thanksgiving Day Parade. With a strong market position, Macy's continues to innovate in the retail space, adapting to changing consumer preferences while maintaining its legacy as a trusted shopping destination.
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.
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.
Macys's score of 22 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Macy's, Inc. reported significant carbon emissions, totalling approximately 12,559,258,000 kg CO2e across all scopes. This includes 40,901,000 kg CO2e from Scope 1, 425,645,000 kg CO2e from Scope 2, and a substantial 12,559,258,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from purchased goods and services, which accounted for about 11,616,562,000 kg CO2e. Macy's has committed to near-term reduction targets, although specific numerical goals have not been disclosed. The company has not yet committed to a net-zero target. Their climate strategy includes initiatives aimed at reducing emissions through energy efficiency improvements, such as the implementation of LED lighting, which has contributed to carbon reductions in previous years. Overall, Macy's is actively working towards enhancing its sustainability practices within the retail sector, focusing on reducing its carbon footprint while navigating the complexities of its extensive supply chain emissions.
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Add to project2020 | 2022 | |
---|---|---|
Scope 1 | 36,870,000 | 00,000,000 |
Scope 2 | 367,601,000 | 000,000,000 |
Scope 3 | 16,390,000 | 00,000,000,000 |
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 committed to some reduction initiatives 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.