What: The retailer is making progress on its sustainability efforts but still has a long road ahead to make more of an impact.

Why it is important: Macy’s is making efforts towards integrating sustainability across all its business through its social service platform.

Macy’s launched its social service program, Mission Every One, last year. The program allocates USD 5 billion through 2025 to programs and strategies that are aimed at creating a more equitable and sustainable future.

The platform guides, encourages, and challenges employees to consider the three pillars of impact: people, communities, and planet against their strategies, operations, and decision-making.

The retailer directed USD 1.4 billion of its spend in fiscal year 2022 to the program and is working towards embedding the platform and sustainability into all aspects of its business. Macy’s is also half way to meeting its 2025 goals with 3,000 sustainable product pages added online.

Last year, Macy’s provided increased transparency into its private brand practices and also created partnerships with industry advisors to help further their work and scale faster.

In November 2022, the company set new near-term science-based emission reduction goal, building on its emission reductions from 2018 to 2021 where they reduced scope 1 and 2 emissions by 20%.

Macy’s CEO gives progress report on sustainability initiatives