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.
-3 vs industry average
Macys’s score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Retail Trade Services has below-average carbon intensity
Industry performance
The Retail Trade Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Macys's reported carbon emissions
In 2023, Macy's reported total carbon emissions of approximately 10.4 billion kg CO2e. This figure includes Scope 1 emissions of about 67 million kg CO2e, Scope 2 emissions of approximately 418 million kg CO2e (market-based), and Scope 3 emissions of around 10.3 billion kg CO2e. The company 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. Macy's has previously set a goal to reduce energy consumption by 10% from a 2018 baseline by 2025, which applies to both Scope 1 and Scope 2 emissions. This commitment reflects the company's ongoing efforts to address its carbon footprint and contribute to climate action. The emissions data is not cascaded from any parent company, indicating that these figures are directly reported by Macy's, Inc.
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Macys’s Climate Goals (2030 & 2050)
4 goals2025
10% reduction in Scope 2
Reduce energy consumption by 10% from a 2018 baseline by 2025.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Macys
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