Macys Sustainability Profile
Macy's, Inc., a prominent American retail giant, is headquartered in Cincinnati, Ohio, and operates extensively across the United States. Founded in 1858, Macy's has established itself as a leader in the department store industry, offering a diverse range of products including clothing, accessories, home goods, and beauty items. Known for its iconic flagship store in New York City, Macy's has achieved significant milestones, such as pioneering the Thanksgiving Day Parade and embracing e-commerce innovations. With a commitment to quality and customer service, Macy's distinguishes itself through exclusive brand partnerships and a unique shopping experience. As a key player in the retail sector, Macy's continues to adapt to market trends, solidifying its position as a trusted destination for consumers seeking style and value.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Macys's score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Macys's reported carbon emissions
In 2023, Macy's reported total carbon emissions of approximately 10,364,919,000 kg CO2e, with emissions distributed across various scopes: 67,002,000 kg CO2e (Scope 1), 417,784,000 kg CO2e (Scope 2, market-based), and 10,364,919,000 kg CO2e (Scope 3). The total emissions for Scope 1 and 2 combined were about 512,573,000 kg CO2e. Comparatively, in 2022, Macy's emissions were approximately 12,559,258,000 kg CO2e, with Scope 1 at 40,901,000 kg CO2e, Scope 2 at 439,168,000 kg CO2e, and Scope 3 at 12,559,258,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Macy's has committed to setting near-term company-wide emission reductions in line with climate science through the Science Based Targets initiative (SBTi), with a target timeframe from 2023 to 2030 for both Scope 1 and Scope 2 emissions. Additionally, the company aims to reduce energy consumption by 10% from a 2018 baseline by 2025 for both Scope 1 and Scope 2 emissions. Macy's emissions data is not cascaded from any parent company, and all reported figures are derived directly from Macy's, Inc.
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| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 96,876,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 710,548,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Macys's Industry?
How Carbon Intensive is Macys's Location?
Macys's Scope 3 Categories Breakdown
Macys's Scope 3 emissions, which decreased by 17% last year and decreased by approximately 17% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
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Macys'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.
Macys 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.
