The iconic US retailer, Macy’s is celebrating the successful second year of its social and environmental impact platform, Mission Every One in which around $1.8 billion in spend was directed towards partners, products, people, and programmes driving an equitable and sustainable future.
With a heritage of corporate citizenship, Macy’s launched its platform in 2022 with the central commitment to dedicate $5 billion in spend to projects which are creating positive societal change by 2025. So far, around $3.2 billion of that target has been committed.
As a critical filter for business operations, Mission Every One empowers colleagues to infuse purpose into all areas of the business. Social purpose is embedded into Macy’s, Inc.’s strategy to fuel collaboration and innovation, driving growth for all stakeholders, colleagues, customers and communities.
“As we enter the third year of Mission Every One, I am proud of the opportunities we’ve created for our customers, colleagues and communities, and the important work that lies ahead,” said Tony Spring, chairman and chief executive officer of Macy’s, Inc.
“Mission Every One was designed to encourage all of our stakeholders to own their seat at the table. By partnering with organizations like Big Brothers Big Sisters, No Kid Hungry, RISE: Reimagining Industry to Support Equality, and through Macy’s, Inc. created programs like S.P.U.R. Pathways, we are investing in young people, championing entrepreneurial growth, and connecting with our current and future customers.”
The majority of the spend in 2023 funded work in underrepresented retail and non-retail businesses to offer customers choice in product, services and shopping experiences. Additionally, spend was directed to investments in development programmess supporting Macy’s Mission Every One objectives, including S.P.U.R. Pathways, the expansion of certified sustainable products, and partnerships that drive the retailer’s communities’ and planet’s future.
In November 2022, Macy’s committed to set near-term, company-wide emissions reductions in line with climate science with the Science Based Targets initiative (SBTi). In 2023, the business engaged nine of its largest apparel, beauty, and accessories suppliers and nine of its strategic private brand suppliers to discuss emission reductions. Macy’s has since begun projects to reduce emissions in both its upstream and downstream transportation and distribution.
Progress made towards Macy’s reductions targets can be seen in its 2022 Sustainability Report here.
