The Michaels Companies, Inc.
The Michaels Companies, Inc., commonly known as Michaels, is a leading retailer in the arts and crafts industry, headquartered in the United States. Founded in 1973, the company has established itself as a go-to destination for creative enthusiasts, offering a wide range of products including art supplies, home décor, and seasonal items. With a strong presence across North America, Michaels operates over 1,200 stores, making it a prominent player in the crafting market. Michaels is renowned for its unique selection of products that cater to both hobbyists and professional crafters, providing everything from DIY materials to custom framing services. The company has achieved significant milestones, including its successful expansion into e-commerce, enhancing accessibility for customers. As a trusted name in the industry, Michaels continues to inspire creativity and innovation, solidifying its market position as a leader in arts and crafts retail.
DitchCarbon Score
How does The Michaels Companies, 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
The Michaels Companies, Inc.'s score of 23 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Michaels Companies, Inc.'s reported carbon emissions
The Michaels Companies, Inc., headquartered in the US, currently does not have available carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges associated with the company. This lack of data suggests that Michaels may not have established formal commitments to reduce its carbon footprint or engage in industry-standard climate initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). As a result, it is unclear how Michaels is addressing climate change or what specific strategies it may be employing to manage its environmental impact. In the broader context of the retail industry, many companies are increasingly focusing on sustainability and setting ambitious targets to reduce emissions across all scopes. However, without specific commitments or data from Michaels, it is difficult to assess their position in this evolving landscape.
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.
The Michaels Companies, Inc. 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.
