What: Neiman Marcus Advances Sustainability Initiatives, Surpassing Goals Ahead of Schedule

Why it is important: The retailer's proactive strides in sustainability showcase its commitment to transforming not only its operations but also influencing the wider luxury retail industry towards more sustainable practices.

At the recent WWD Sustainability Summit, Neiman Marcus CEO Geoffroy van Raemdonck discussed the company’s achievements in its sustainability efforts. Three years ago, Neiman Marcus embarked on a strategic plan titled “Revolutionizing Luxury Experiences,” focusing on sustainable products, fostering a culture of belonging, and community support. The company has notably reduced its Scope One and Scope Two emissions by 42%, nearing its 2025 goal of a 50% reduction, and aims to procure 100% renewable energy by 2030. Online, it promotes over 400 brands through sustainable edits, contributing to 7.4% of its sales. With its continued success, Neiman Marcus is not only meeting but exceeding its sustainability goals, positioning itself to implement even more rigorous targets in the future.

Neiman Marcus CEO says the company is ‘ahead of achieving’ sustainability goals