What: Nordstrom has released its 2022 Impact Report, highlighting its progress in environmental, social, and corporate initiatives.

Why it is important: The report highlights significant progress in their ESG initiatives, particularly in environmental sustainability, supporting diverse businesses, and giving back to their communities.

The company expanded its beauty packaging recycling program, Beautycycle, to Nordstrom Rack stores and reclaimed almost 30 tons of packaging in 2022. Nordstrom successfully reduced single-use plastics by 50%, three years ahead of schedule, by replacing plastic shopping bags with paper bags at Nordstrom Rack.

The company aims to increase purchases from Black-owned or founded businesses by 10 times by the end of 2030. During Black Business Month in 2022, Nordstrom created Buy Black pop-up markets, driving USD 14 million in sales for Black-owned and founded brands in August alone. Nordstrom onboarded 37 new Black, Hispanic, and Latine brands in 2022, bringing the total to 250 brands. The company sold USD 245 million worth of products from Black, Hispanic, or Latine brands last year, surpassing the interim one-year goal by approximately 24%. Nordstrom has affirmed support for the LGBTQIA+ community by signing on to the Human Rights Campaign’s letter in support of the Respect for Marriage Act and its Business Statement on Anti-LGBTQ State Legislation.

In terms of corporate governance, Nordstrom also made donations of over USD 12 million to more than 350 organizations, getting closer to its goal of donating over USD 50 million in the communities it serves by 2025.

Nordstrom’s impact on people, product and planet