Michaels Stores, Inc. Sustainability Profile
Michaels Stores, Inc., commonly referred to as Michaels, is a leading retailer in the arts and crafts industry, headquartered in the United States. Founded in 1976, the company has established itself as a go-to destination for creative enthusiasts, operating over 1,200 locations across North America. Michaels offers a diverse range of products, including art supplies, home décor, and seasonal items, catering to both hobbyists and professional crafters. What sets Michaels apart is its commitment to providing high-quality materials and an extensive selection that inspires creativity. With a strong market position, Michaels has achieved notable milestones, including the introduction of exclusive product lines and partnerships with renowned brands. The company continues to thrive as a cornerstone of the crafting community, fostering creativity and innovation in every project.
DitchCarbon Score
How does Michaels Stores, Inc.'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 Recreation and Sports 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
Michaels Stores, Inc.'s score of 25 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Michaels Stores, Inc.'s reported carbon emissions
Michaels Stores, Inc., headquartered in the US, currently does not have publicly available carbon emissions data for the most recent year, nor specific reduction targets or climate commitments. The company is classified as a current subsidiary and does not inherit emissions data from a parent organisation. As of now, there are no documented reduction initiatives or commitments to science-based targets (SBTi) reported by Michaels Stores, Inc. This lack of data suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the broader context of the retail industry, many companies are increasingly focusing on sustainability and carbon reduction, making it essential for Michaels Stores, Inc. to establish clear climate commitments and measurable targets to align with industry standards.
How Carbon Intensive is Michaels Stores, Inc.'s Industry?
How Carbon Intensive is Michaels Stores, Inc.'s Location?
Michaels Stores, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Michaels Stores, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
