英文【macys】2022可持續(xù)發(fā)展報告

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macysInc

2022

SustainabilityReport

TableofContents

AMessagefromOurChairmanandCEO01

Macy’s,Inc.ataGlance02

MissionEveryOne03

OurApproachtoSustainability12

ResponsibleProductsandSourcing17

Environment27

OurColleaguesandCulture32

CustomersandCommunities46

IntegrityandAccountability56

Appendix61

AMessagefromOur

ChairmanandCEO

AtMacy’s,Inc.,wearecommittedtofosteringa

sustainablebusinessthatgeneratesvalueforour

customers,colleaguesandplanet.Weareengagingourresourcesandleveragingtalentandscaleto

embedsustainabilityintoourbusiness,including

ourfivegrowthvectors:Macy’sprivatebrands

reimagination,smallstoreformats,digitalmarketplace,luxuryandpersonalizedoffersandcommunications.

In2022,Macy’s,Inc.launchedMissionEveryOnetocreateabrighterfuturewithboldrepresentationforall.Macy's,Inc.announced$5billionofthecompany’sspendthrough2025wouldbedirectedtowardpartners,products,peopleand

programsthathelpcreateamoreequitableandsustainablefuture.Thecommitmentsfocusonthreepillarsofimpact—people,communitiesandplanet.Thecompanyhasmade

significantprogressonitsjourney,andin2022,directed$1.4billionofitsspendtowardthisgoal.

Overthepastyear,wecontinuedtoadvanceoursustainabilitystrategyaswerespondto

evolvingstakeholderexpectations.Ourrecentsustainabilityaccomplishmentsinclude:

?Investinginour#1resource,ourcolleagues,

throughour$15/hournationwideminimumwageincreaseandourfullyfundededucationprogram;

?Leveragingpartnershipstosupportthedeliveryofoursustainabilityambitions,includingwithWorldWildlifeFund(WWF),BetterCottonandRISE:

ReimaginingIndustrytoSupportEquality;

?PublishingpoliciestoguideourprivatebrandSourcingandProductDevelopmentteamsonpreferred

materials,includingcottonandwoodpolicies;

?Prioritizingopportunitiestoreducewasteinbothproductandoperationsbytestingscalable,circularsolutions;

?Committingtosetnear-termcompany-wideemissionsreductionsinlinewiththeScienceBasedTargetsinitiative(SBTi);and

?ExpandingourColleagueResourceGroups(CRGs)throughtheadditionof198StoreCRGchapters

acrossthecountry,reinforcingourcommunitybuildingandgreatercolleagueengagement.

Thisreportpullstogetherthewholebreadthofour

sustainabilityactions.YoucanfindmoreinformationinourHumanCapitalReport,SupplierDiversityEconomicImpactReportandSocialImpactProgressandPartnerships.

Iinviteyoutoreadfurtheraboutourcommitment

toandprogresstowardoperatingwithintegrityandcreatingamoreequitableandsustainablefuture.

ThankyouforyourinterestinMacy’s,Inc.

Sincerely,

JEFFGENNETTE

ChairmanandChiefExecutiveOfficer

MACY’S,INC.

2022SUSTAINABILITYREPORT

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Macy’s,Inc.ataGlance

Macy’s,Inc.isatrustedsourceforqualitybrandsatgreatvaluesfromoff-pricetoluxury.Throughouriconic

nameplates—Macy’s,Bloomingdale’sandBluemercury—wehelpourcustomersexpresstheiruniquestyle

andcelebratespecialmoments.HeadquarteredinNewYorkCity,weoperateoneofretail’slargeste-commerce

businesses,integratedwithanationwidestorefootprint,todeliverthemostconvenientandseamlessshoppingexperience.

$24.4B

~94.5K

Colleagues*

722

Storelocationsacrossbrands*

*asoffiscalyear-endJanuary28,2023

FY2022netsales

blwmingdoles

Macy’sisourlargestretailbrand,

knownforhavingthelateststylesinfashion,beauty,homeandbeyond,andforhostingAmerica’smost

belovedholidayevents.Today,Macy’s

ispoweredbyourindustry-leading

e-commerceplatformandnational

networkofstores,offeringahigh-

qualityassortmentofbrandscreatedandcuratedtoinspireourcustomerswhileprovidingthemvalueand

seamlessconvenience.

Sinceitsdebutin1872,

Bloomingdale’shasbeenafixture

ofNewYorkfashion.And150yearslater,itjustkeepsgettingbetter.

Frompremiumluxurydesignersto

emergingcontemporarybrandsandbelovedprivatelabels,we’vecreatedaspacetodiscoverandindulgeyourownuniquestyle.

Bluemercuryisrecognizedasaleadingdestinationforluxury

beautyandspaservices.Designed

asahavenforbeautyaficionados

in1999,wehavealwaystriedto

provideaninclusivespaceforexpert,personalizedadvicerightinour

customers’neighborhoods.Asa

partofMacy’s,Inc.since2015,wehaveexpandedourspecialtystorenationwideandwecontinueto

celebrateuniquenessandindividuality.

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AtMacy’s,Inc.,we’reonamissiontocreateabrighterfuturewithboldrepresentationforall.ThroughMission

EveryOne,oursocialpurposeprogramannouncedin2022,wearedirecting$5billionofthecompany’sspend

through2025towardpartners,products,peopleandprogramsthathelpcreateamoreequitableandsustainablefuture.Wedirected$1.4billiontowardthisprogramin2022.Thecommitmentsofthisprogramfocusonthree

pillarsofimpact:people,communitiesandplanet.

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Our

People

Werecognizeandvalueourdiverse

communityofcolleaguesandpartnerstofuelourmutualgrowthandinnovation.

DesigningaMoreInclusiveFutureofStyle

Weareincreasingourinvestmentinunderrepresenteddesigners,brandsandbusinesspartners,products

andserviceproviderstoamplifydiversevoices,create

betterchoicesforourcustomersandexpandopportunitiesforourcolleagues,partnersandcommunities.

AdvancingRights,JusticeandEqualOpportunity

Wearedirecting$1millionannuallyingrantfunding

toadvancehumanrights,socialjustice,workforce

developmentandeconomicopportunityinpartnershipwithleadingorganizations.

DiversifyingLeadership

Tobetterreflectandmeettheneedsofourcustomerbase,weareacceleratingthediverserepresentationofourleadershipwiththeambitionofachieving30%ethnicallydiverserepresentationby2025atalllevelsdirectorandabove.

Fully-fundedEducationforColleagues

InFebruary2022,Macy’s,Inc.launchedapartnershipwithGuildEducationtoprovideaneducationprogramtoeligible

colleagues.Sincelaunch,morethan4,000colleagueshavecompletedatleastonecourse,outperforming

retailbenchmarks.

RaisingtheMinimumPayRate

Weraisedtheminimumpayrateforcolleaguesat

Macy’s,Inc.to$15perhour,furtheringourmissiontobethepreferredemployerinretail.

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Our

Communities

Weempowerthecuriosityandconfidenceofyoungpeopleontheirjourneytobecometheleadersoftomorrow.

EmpoweringYouthWell-Being,LearningandLeadership

Wewilldonatemorethan$100millionby2025to

nonprofitorganizationsthatsupportthementalhealthandeducationofyouth,aswellasenvironmentalstewardship.

InspiringtheNextGenerationofDesignersandCreators

Wewillprovide$2millionby2025tosupportprogramsandscholarshipstoyouthinfashion,designand

sustainabilityandofferingmentorshipandemploymentopportunitiesthroughourbusiness.

PartneringforaBrighterFuture

Weengageourcustomers,colleaguesandnonprofitandcommunitypartnersinmission-ledcampaignsyear-roundandwillexpandtheseinitiativesmovingforward.

MACY’S,INC.

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Our

Planet

Wecurateandcreatesustainable

productsandservicessopeopleandplanetcanthrivetogether.

MakingSustainableStyleAccessible

Throughthecreationofeasilysearchablededicated

sitelets,wearemakingiteasiertofindandshopour

nameplatesforsustainableproductsandhaveincreasedthenumberofsustainableproductson.

IncreasingUseofSustainableMaterials

Wearecommittedtoensuringourprivatebrandproducts

managedbyMacy’ssourcingteamarebothsourcedand

createdwithsustainablematerialsandproductionpractices,withtheambitionofachieving100%preferredmaterialsinthoseprivatebrandproductsby2030.

CaringforPeopleandPlanet

Weareadvancingworkers’rights,women’sequalityandfamilywell-beingthroughoutourglobalvaluechainby

collaboratingwithorganizationslikeRISE:ReimaginingIndustrytoSupportEquality(formerlyHERProject),

dedicatedtoadvancingequalityforwomenworkersinglobalgarmentsupplychains.

InnovatingforaMoreSustainableFuture

Weareimprovingouroperationsbyinvestingin

sustainableinnovationsthatlowergreenhousegas

emissionsandhelpreduce,reuseandrepurposematerials

toeliminatewaste.InNovember2022,thecompany

committedtosetnear-termcompany-wideemission

reductionsinlinewithclimatesciencewiththeScienceBasedTargetsinitiative(SBTi).

MACY’S,INC.

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OurSustainable

StewardshipAmbitions

Wedevelopedour

SustainableStewardshipAmbitionstoalign

withandadvanceour

corporatestrategy

whilecreatingshared

valueforourcompany

andourstakeholders.

Firstestablishedin

2018,wecontinuously

evaluateandadjustourambitionstoreflectourevolvingandambitioussustainabilityaspirations.

MACY’S,INC.

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Products

TARGETAREA

AMBITION

YEAR

PROGRESS

Fiber&MaterialSourcing

40%ofprivatebrandproductsmanagedby

theMacy’ssourcingteammadewithpreferred

sustainablefibers,asdefinedbypoliciesforeachofMacy’skeymaterials

ImplementpoliciesforMacy’smaterials,focusedoncotton,synthetic,cashmere,woolandallwood-

basedmaterials,thatsupportachieving100%

preferredmaterialsinprivatebrandproducts

managedbytheMacy’ssourcingteam

2025

2030

6.4%in2022

(Fordetails,seetheSustainableMaterialsinPrivateBrand

ProductsManagedbytheMacy’s

SourcingTeamsection)

PublishedCottonandWoodpolicies

(Fordetails,seethe

EnvironmentalResponsibility

section)

ChemicalManagementImplementacorporatechemicalpolicylayingout

ourkeyprinciplesformanagement,restrictionanddisclosureforprivatebrandproductsmanagedbytheMacy’ssourcingteam

2025Published

(Fordetails,seetheChemicalPhase-OutAmbitionsection)

DevelopandimplementaprivatebrandRestricted

SubstanceList(RSL)andManufacturing

RestrictedSubstanceList(MRSL)for

privatebrandproductsmanagedbytheMacy’ssourcingteam

2025PublishedRSL

(Fordetails,seetheChemicalPhase-OutAmbitionsection)

75%ofprivatebrandapparelandsofttextiles

managedbytheMacy’ssourcingteamwillbe

complianttothehazardprofileestablishedintheMacy’sRSL

2025ImplementationofRSLbeginsinFall2023

(Fordetails,seetheChemicalPhase-OutAmbitionsection)

100%ofprivatebrandapparelandsofttextiles

managedbytheMacy’ssourcingteamwillbe

complianttothehazardprofileestablishedintheMacy’sRSL/MRSL

2030ImplementationofRSLbeginsinFall2023

(Fordetails,seetheChemicalPhase-OutAmbitionsection)

Eliminatedischargeofhazardouschemicals

in50%ofCoreandStrategicprivatebrandTier1supplierfacilitiesforproductsmanagedbythe

Macy’ssourcingteam

2025Establishingroadmaptosupportin2023

Eliminatedischargeofhazardouschemicals

in100%ofCoreandStrategicprivatebrandTier1andStrategicTier2supplierfacilitiesforproductsmanagedbytheMacy’ssourcingteam

2030Establishingroadmaptosupportin2023

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Developandimplementarestrictedingredientlistforconsciousbeauty

2025Establishingroadmaptosupportconsciousbeautyin2023

Expandtoadditionalcategories,suchasbabycare,personalcareandhouseholdcleaningproducts

2030Establishingroadmaptosupportconsciousbeautyin2023

Water

Implementpolicytoguideclaimsthatproductsreducewaterconsumption

Reducewaterusebyprivatebrandsupplier

facilitiesofproductsmanagedbytheMacy’s

sourcingteamby25%againsta2021baselineinareasofhighwaterstress

2025

2025

EngagedWWFin2023

(Fordetails,seeSetting

ContextualizedWater-Reduction

TargetsinPartnershipwith

WorldWildlifeFund(WWF)box)

SupplierMapping&Transparency

Publiclydisclose95%ofCoreandStrategicprivatebrandTier1suppliersmanagedbytheMacy’ssourcingteam

Publiclydisclose95%ofCoreandStrategic

privatebrandTier1andStrategicTier2suppliersmanagedbytheMacy’ssourcingandrawmaterialsteams

2025

2030

PublishedtoOpenSupplyHub

(Fordetails,seetheFactoryAuditssection)

Establishingroadmaptosupportin2023

Market&PrivateBrandEngagement

Engage20ofMacy’slargermarketbrandsandprivatebrandsupplierstocollaboratetowardssharedsustainabilityobjectivesandrequiredata

sharingtodemonstrateprogress

2030

Establishingroadmaptosupportin2023

Circularity

Scalecircularinnovationstoextendtheusefullifeofmaterials,avoiding1,000tonsofproductsandpackagingfromlandfill

2030

Establishingprogramsandmeasurementin2023

On-ProductLabelingScalesustainablecustomeroptionstooffer5,000

productsinMacy’sandBloomingdale’sdigitalassortmenttaggedasasustainableproduct

backedbysubstantiatedclaims

2025Over3,000productsonsustainabilitysiteletin2022

(Fordetails,seetheSustainableProductssection)

Scalesustainablecustomeroptionstooffer25,000productsinMacy’sandBloomingdale’sdigitalassortmenttaggedasasustainableproduct

backedbysubstantiatedclaims

2030

MACY’S,INC.

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Environment

TARGETAREA

AMBITION

YEAR

PROGRESS

GHGEmissions

SubmitEmissionsReductionTargetandPathwaystoScience-BasedTargetsinitiativeorganization

Achievenear-termemissionsreductionsversus

2021baselineyear

2024

2030

Committedin2022

(Fordetails,seetheTakingActiononClimateChange

section)

RenewableEnergy

Achieve50%renewableenergyindirect

operations(includingdistributioncenters,fulfillmentcentersandstores)

2030

Host95+solarsitesin2022

(Fordetails,seetheClimateActiontable)

Waste

Divert80%wastefromdirectoperations

(packaging,hangers,advertisingassets,etc.)fromlandfills

2030

Diverted65%wastein2022

(Fordetails,seetheRecyclingandWasteReductionsection

SustainablePackaging100%ofprivatebrandproductpackaging

managedbytheMacy’ssourcingteamwilleitherberedesignedtoreducetotalmaterialuseorcontain

recyclable,reusableorpreferredmaterials

2030Establishingprogramsandmeasurementin2023

Note:Packagingincludespolybags,primaryouter-packaging,hangers,hangtags

100%offulfillmentpackaging(e.g.,corrugateandpolymailers)managedbytheprocurementteamwilleitherberedesignedtoreducetotal

materialuseorcontainrecyclable,reusableorpreferredmaterials

2025100%forfulfilment

centersin2023

(Fordetails,seetheRecyclingandWasteReductionsection)

MACY’S,INC.

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HumanRights

TARGETAREA

AMBITION

YEAR

PROGRESS

SupplierEngagement&Compliance

100%ofTier1privatebrandsupplier

facilitiesofproductsmanagedbytheMacy’ssourcingteamwillmeetsocialcompliance

requirementsthroughroutineauditsorimplementremediationplans

100%ofCoreandStrategicTier1private

brandsupplierfacilitiesofproductsmanaged

bytheMacy’ssourcingteamwillmeet

environmentalcompliancerequirementsthroughroutineassessmentsorimplementremediationplans

100%ofStrategicTier2privatebrandsupplierfacilitiesofproductsmanagedbytheMacy’srawmaterialsteamwillmeetsocialandenvironmental

compliancerequirementsthroughroutine

assessmentsorimplementremediationplans

2025

2025

2030

95%acceptable

compliancein2022,

withremainingfactoriescompletingremediation

(Fordetails,seetheFactoryAuditssection)

Establishingprogramsandmeasurementin2023

Establishingprogramsandmeasurementin2023

FairLaborPractices&WorkerWell-Being

100%ofCoreandStrategicprivatebrandsupplierfacilitiesofproductsmanagedbytheMacy’ssourcingteamwillhaveparticipatedina

workerwell-beingprogramtosupportwomen,familiesandtheircommunities.Establishaculturefocusedonensuringworkershealthandsafety,

accesstopropergrievancechannelstoreceive

complaints,women’sempowerment,absenceof

anychildorforcedlabor,reasonableworkinghoursandprotectionoffreedomofassociation,collectivebargainingandtheenvironment

2030

Implementedin4%factoriesin2022

(Fordetails,seetheRISE:

ReimaginingIndustrytoSupport

Equalitybox)

Governance

TARGETAREA

AMBITION

YEAR

PROGRESS

ColleagueEngagement

100%ofdesign,productdevelopment,sourcing

andbuyingteamsinvolvedinprivatebrandproductsmanagedbytheMacy’ssourcingteamwillcomplete

trainingonsustainablematerialsanddesign

2025

100%teamstrainedin2022andin2023onsustainablematerialsandcertifications

(Fordetails,seetheSustainableProductssection)

KPIs&AccountabilityEmbedfunctionalgoalsacrosstheenterprisethat

tiebacktooursustainabilitycommitmentswithcleartrackingofKPIsandaccountability

2025Establishingapproachin2023

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MACY’S,INC.

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OurApproachtoSustainability

12

MACY’S,INC.

2022SUSTAINABILITYREPORT

ThroughMissionEveryOne,wearecommittedtocreatingamoreequitableandsustainablefuture.Ourrelationshipswithourcustomers,colleaguesandcommunitiesdrive

adeepsenseofstewardshipinhowweserveour

stakeholdersandunderpinourcommitmenttopromoting

sustainabilityacrossourglobalvaluechain.Webelieve

fashionandstylehavealwaysbeenaforceforchange,andwehaveauniqueroleinleveragingourpeopletocreateamoreequitableandsustainablefuture.

Buildingontheworkofour2018formalmateriality

assessment,weactivelyengagestakeholderstobetterunderstandourmaterialissues.Bothactionsand

reportingareguidedbystakeholderfeedbackandthird-partyframeworks,includingtheSustainabilityAccountingStandardsBoard(SASB)multilineandspecialtyretailersanddistributorsstandard.

SustainabilityMaterialIssues

Basedontheresultsofourformalsustainabilitymaterialityassessmentconductedbyathird-

partyandledbyourSustainabilityWorking

Group,weidentifiedthefollowingissuesas

thosethathavethegreatestimpacts,accordingtoourinternalandexternalstakeholders.

?BusinessEthics

?SourcingandProductionofPrivateBrands

?ProductQualityandSafety

?EmployeeHealthandSafety

?DataProtectionandPrivacy

?Diversity,Equity&Inclusion

?ConveningRoleforNationalBrands

?HumanRights

?ResponsibleMarketing

?WasteReductionandRecycling

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OURGUIDINGPRINCIPLES

Environment

Wearecommittedtominimizingtheenvironmentalimpactofourbusinessoperations.

HumanRights

Weprioritizethehumanrightsandsocialcompliancepoliciesandpracticeswithourprivatebrandsuppliersandtheirfactories.

Governance

Weareenablingdisclosure,dataanalytics,reportingandstakeholderengagement.

Product

Weareexpandingourassortmentof sustainableproducts,whicharegenerally requiredtobeauthenticatedbyatleastone third-partycertificationorothertraceablemeans,underourfourfocusareas:preferredmaterials,preferredpractices,peoplefirstordesignedforlesswaste.

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SustainabilityGovernance

Wehaveembeddedenvironmental,socialandgovernancemanagementatalllevelsofourcompany.Macy’s,Inc.

leadershipisresponsibleforthedevelopmentand

implementationofourEnvironmental,Socialand

Governance(ESG)strategiesandprogramsenterprisewide.UltimateoversightbyourBoardofDirectorsis

includedinitscommitteechartersandpractices.

TheChiefOperatingOfficer(COO)andChiefFinancial

Officer(CFO)isresponsiblefortheteamsthatmanage

sustainabilityinitiativesandsupplychaintransparency.TheSustainabilityTeam,whichsitswithintheCOOandCFO’soffice,reportstotheSeniorVicePresidentofPrivate

BrandSourcing,ProductDevelopment&Production.TheteamcloselycollaborateswiththeDisclosureCommitteetoengagestakeholdersonESGissuesandultimatelyprovidefeedbackandrecommendationstomanagementandthe

BoardofDirectors.

TheSustainabilityExecutiveSteeringCommitteeand

theCorporateStrategyGroupapprovethesustainability

strategyandpriorities,guideriskmanagementandlink

togrowthopportunities.TheNominatingandCorporate

GovernanceCommitteeofourBoardofDirectorsprovidesoversightandguidancerelatedtopolitical,humanrights,

socialandenvironmentalissues,sustainabilityinitiatives

andreporting.TheNominatingandCorporateGovernanceCommitteeisupdatedtwiceayearbytheVicePresidentofSustainability.

Wehaveestablishedseveralcommitteesandgroupsthatchampionthecompany’sperformance-drivencultureandoperatingmodelthatencourageslifelongeducationandempowerscolleaguestobeleadersregardlessoftitle

orfunction.

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MACY’S,INC.

2022SUSTAINABILITYREPORT

Macy’s,Inc.BoardofDirectorsResponsibleforoversightofcorporatestrategy,enterprise

riskmanagementframework,sustainability,corporategovernancepoliciesandhumancapitalmanagement.

ESGmandatesareincludedinthechartersoftheBoard’scommittees:

NominatingandCorporateGovernanceCommittee

Responsibleforoverseeingtheprograms,policiesandpracticesrelatingtopolitical,socialand

environmentalissues,impactsandstrategies.

Assessesadequacyandeffectivenessofmanagement’sabilitytomonitor,

manageandmitigateESGrisks.

ResponsibleforthedevelopmentandenhancementofMacy’sapproach

tocorporategovernance,includingBoarddiversity.

CompensationandManagementDevelopmentCommittee

Responsibleforoverseeingthe

company’shumancapitalstrategyandinitiativesinsupportofadiverseandinclusivecompanyculture.

Reviewsandprovidesguidanceontheenterprisetalentandpeople

strategiesandprovidesguidanceonotherprogramsandinitiativessuchaslaborrelations,compensationandcolleagueengagement.

AuditCommittee

Responsibleforoverseeingenterpriseriskmanagementandmitigation

actionsforavarietyofrisks,includingcertainenvironmental,operational,IT,complianceandreputationalrisks.

ReviewsESGdisclosuresinourpublicfilings.

Responsibleforassessingcorporategovernancepoliciesandguidelines.

Macy’s,Inc.ChairmanoftheBoard&ChiefExecutiveOfficer

Setsthesustainabilityandhumancapitalmanagementvisionanddrivesaccountabilityacrosstheorganization.

Managementcommittees,underthedirectionandsupervisionoftheCEOinclude:

SustainabilityExecutiveSteeringCommittee

MadeupofheadsofSourcing&ProductDevelopment,Legal,

Communicationsandthe

CorporateController,aswellastheSustainabilityteam.

DisclosureCommittee

Madeupofleaders

inFinance,Legal

andCommunications.

Diversity,Equityand

InclusionBusinessCouncil(DEIBC)

Co-chairedbyCEOandChiefDE&IOfficer,thisCounciliscomposedofseniorexecutivesand

leadersdeterminedtoexpandtheCompany’sDE&Iworkand

accelerateprogress

acrosstheorganization.

CorporateStrategyGroup

Madeupofleadersofallofouroperatingandfunctionaldivisions.

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ResponsibleProducts

andSourcing

17

MACY’S,INC.

2022SUSTAINABILITYREPORT

SustainableProducts

Wearecommittedtoprovidingsustainableandethically

producedbrands,productsandservicesforourcustomers,prioritizinghumanrightsacrossourglobalvaluechain

andreducingourenvironmentalimpact.Wehavewell-

establishedprogramsforoverseeingtheproductionof

Macy’sprivatebrandproductstoensuretheymeetourlaborandenvironmentalstandards.

Thecustomerisatthecenterofallourwork,andsupportingtheirabilitytoshopmoresustainableproductsacrossour

nameplatesisapriority.Wedothisthroughinitiativeslike

our

sustainabilitysitelet

,whichmakesiteasytofindproductsthatarevalidatedasresponsiblymadeunderoneoffourpillars:preferredmaterials,preferredpractices,peoplefirstanddesignedforlesswaste,aswellasourworktoincorporatemoresustainablysourcedrawmaterialsandfibersintoourprivatebrandproducts.

Weareexpandingourcurrentsustainableproductsofferingbeyondthird-partycertificationstoincludesustainable

innovations,specificallyintheareaofcircularsolutionssuchasrefillablebeauty.Additionally,weareprioritizingopportunitiesthatextendthelifeofaproductandhelpourcustomers.

In2022,weintroducedatrainingprogrampreparedbyour

SustainabilityandPrivateBranddesignteamstotrainMacy’sproductdevelopment,sourcing,designandbuyingteamsonoursustainableproductguidelinesandprocesses.Bytheendof2022,wetrainedmorethan800colleaguesaccountable

forbuying,developingandsourcingMacy’sproducts.

Wecontinuetotrainthesecolleaguesin2023withafocusonpreferredmaterialsbyproductcategoryinlinewithourcolleagueengagementambition:“100%ofdesign,productdevelopment,sourcingandbuyingteamsinvolvedinprivatebrandproductsmanagedbytheMacy’ssourcingteam

willcompletetrainingonsustainablematerialsanddesignby2025.”

MakingSustainableStyleEasytoFindandAccessible

Macy’sismakingsustainablestylemore

accessiblebymakingiteasiertoshopatMacy’sforproductsthatareindependentlyvalidatedas responsiblymade.

Macy’ssustainabilitysitelet

listsproductsthataregenerallyrequiredto

beauthenticatedbyatleastonethird-party

certificationorothertraceablemeans.

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SustainableMaterials

Macy’s,Inc.usesrecognizedthird-partystandardstoidentifymoresustainableproducts.Aproductgenerallymusthaveatleastonethird-partycertificationorothertraceablemeansclassifiedunderoneofourfourpillars:preferredmaterials,peoplefirst,designedforlesswasteandpreferred