The Michaels Companies, Inc. Sustainability Profile
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 66% 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 publicly available carbon emissions data, including specific figures for Scope 1, 2, or 3 emissions. Additionally, there are no documented reduction targets or climate pledges associated with the company. As such, it appears that Michaels has not yet established formal commitments to reduce its carbon footprint or engage in industry-standard climate initiatives. Without specific emissions data or reduction initiatives, it is challenging to assess their environmental impact or climate strategy.
How Carbon Intensive is The Michaels Companies, Inc.'s Industry?
How Carbon Intensive is The Michaels Companies, Inc.'s Location?
The Michaels Companies, 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.
The Michaels Companies, 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.
