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Macy's Inc
Macy's's GHG Emissions Data Preview
In 2023, Macy's completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Macy's has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Macy's’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Macy's’s data sources below and access millions more through our Disclosure Search.
Insights into Macy's's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofMacy's amounted to512,573metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Macy'sincreased by 6.77%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Macy's's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Macy's's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Macy's were 67,002 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Macy's reduced its Scope 1 emissions over time?
Since 2019, Macy's's Scope 1 emissions have increased by 47.24%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2022), Macy's's Scope 1 emissions increased by 63.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Macy's's Scope 2 emissions?
In 2023, Macy's reported Scope 2 greenhouse gas (GHG) emissions of 417,784 tCOâ‚‚e using the market-based method and 445,571 tCOâ‚‚e using the location-based method.a
Has Macy's reduced its Scope 2 emissions over time?
Compared to the previous year(2022), Macy's's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Macy's's emissions have plateaued with no significant change in its energy consumption footprint.ab
What methodology does Macy's use for Scope 2 reporting?
In 2023, Macy's reported its Scope 2 emissions using the market-based method and using the location-based method.a
Macy's's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Macy's's Value Chain Emissions
In 2023, Macy's reported 10,364,919 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Macy's includes a breakdown across 12of the 15 Scope 3 categories defined by the GHG Protocol,up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Macy's's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Macy's's Scope 3 emissions?
In 2023, Macy's reported total Scope 3 emissions of 10,364,919 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 94%of these emissions originated from upstream activities such as purchased goods and capital goods, while 6%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Macy's's Scope 3 emissions decreased by 17.47%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Macy's disclose?
In 2023, Macy's reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Macy's's Scope 3 emissions?
In 2023, the largest contributors to Macy's's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 8,583,261 tCOâ‚‚e(82.81%)
- Upstream Transportation and Distribution (Cat. 4): 486,097 tCOâ‚‚e(4.69%)
- Use of Sold Products (Cat. 11): 474,866 tCOâ‚‚e(4.58%)
Macy's's Scope 3 Emissions by Categories
Insights into Macy's’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Macy's reported Scope 1 greenhouse gas (GHG) emissions of 67,002 tCOâ‚‚e and total revenues of USD 23,866 millions. This translates into an emissions intensity of 2.81 tCOâ‚‚e per millions USD.a
Macy's's Scope 1 Emissions Intensity Compared to Peers
How does Macy's's GHG emissions intensity compare to its peers?
In 2023, Macy's reported a Scope 1 emissions intensity of 2.81 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.29, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Macy's rank on GHG emissions intensity within its industry?
In 2023, Macy's ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Macy's is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Macy's's Total Carbon Footprint
In 2023, Macy's reported a total carbon footprint of 10,877,492 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.58% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Macy's's total carbon footprint was Scope 3 emissions, accounting for 95.29% of the company's total carbon footprint, followed by Scope 2 emissions at 4.1%.a