What: Neiman Marcus Group has committed to the Science-Based Targets initiative (SBTi) and become a sponsor for the Supplier Leadership on Climate Transition (Supplier LOCT) program.

Why it is important: This commitment is part of the group's broader environmental, social, and governance (ESG) strategy. Neiman Marcus Group is the first luxury retailer to sponsor the Supplier LOCT program.

The company aims to reduce scope 3 emissions throughout its supply chain, and the Supplier LOCT program will play a crucial role in achieving this. NMG is offering its suppliers opportunities to participate in seminars to set and meet emission reduction targets. Currently, 35 suppliers, including Golden Goose, Eileen Fisher, Canada Goose, and FM Global, have enrolled in the program. With the support of NMG and other leading brands, more than 800 global suppliers are receiving practical guidance to measure, monitor, and reduce their carbon emissions.

Neiman Marcus Group commits to science-based climate targets