What: 'Our Journey to Revolutionise Impact,' Neiman Marcus’ first environmental social governance report, shares its progress to date, celebrating recent and upcoming investments, and outlining its 2025 ESG strategy.

Why is it important: NMG analysed data from multiple sources, including ESG ratings and rankings, research reports from industry media outlets and trade associations, disclosures from NMG's best-in-class peers, ESG reporting frameworks like Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB), etc. to inform its strategy.

NMG formulated a strategy that is comprised of three components. First, “Advancing Sustainable Products & Services,” which focuses on climate change, increasing sustainable and ethical products, and implementing circular services, NMG aims to make an impact on environmental issues across the entire value chain.

NMG also aims to “Cultivate a Culture of Belonging” for its workforce, customers, and community by setting goals to increase racial diversity in leadership roles, advance workplace equity in line with prominent external standards, uplift and support women-founded fashion technology companies, and champion inclusive marketplaces by increasing spending with diverse retail and non-retail suppliers.

Finally, “Leading with Love in Our Communities,” by aligning its corporate giving strategy with its ESG strategy, ensures that the organisation's values and purpose guide the decision-making process of funding.

Neiman Marcus shares ESG report