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 68% 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 for the most recent year, nor does it report specific reduction targets or initiatives related to climate commitments. As of now, there are no emissions figures, such as Scope 1, 2, or 3 emissions, nor any commitments to frameworks like the Science Based Targets initiative (SBTi) or other climate pledges. Given the absence of specific data, it is unclear how Michaels is addressing its carbon footprint or what strategies it may have in place for future emissions reductions. The company may be in the early stages of developing its climate strategy or reporting framework. Without concrete data or commitments, it is challenging to assess their environmental impact or sustainability efforts within the industry context.
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.
