What: The retailer is reporting progress on its multiyear social purpose platform with several accomplishments in 2022.

Why it is important: Macy’s is investing heavily in suppliers, people, and products that help create a more equitable and sustainable future.

Macy’s Inc. launched Mission Every One in 2022,which calls for Macy’s to invest USD 5 billion through 2025 on vendor and service partners, products, people, and programs that foster equality, sustainability, and inclusiveness.

The retailer reported several accomplishments last year with approximately USD 1.4 billion of the USD 5 billion being spent to support diverse-owned businesses, diverse sellers and brands representing 30% of the enterprises on Macy’s online marketplace, 29% jobs at the director level being ethnically diverse, and many other notable achievements.

Macy’s also reported that it expects more than half of its cotton products within private brands to be sustainably sourced by the end of this year.

Macy’s Inc. issues progress report on corporate citizenship