Macy's Inc
Macy's's GHG Emissions Data Preview
In 2022, 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 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2022 | 2021 | 2020 | 2019 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 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. | Copy restricted. Please purchase to unlock this data.  b | 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 2022, the total operational greenhouse gas (GHG) emissions of Macy's amounted to 480,068.43 metric 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 2020, the total operational greenhouse gas (GHG) emissions of Macy's increased by 18.69%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Macy's's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Macy's's Scope 1 emissions?
In 2022, the total Scope 1 emissions of Macy's were 40,900.72 metric tons of CO₂ equivalent (tCO₂e). a
Has Macy's reduced its Scope 1 emissions over time?
Since 2018, Macy's's Scope 1 emissions have decreased by 58.2%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2020), Macy's's Scope 1 emissions increased by 10.93%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Macy's's Scope 2 emissions?
In 2022, Macy's reported Scope 2 greenhouse gas (GHG) emissions of 425,645.5 tCO₂e using the market-based method and 439,167.71 tCO₂e using the location-based method. a
What methodology does Macy's use for Scope 2 reporting?
In 2022, 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 2022, Macy's reported 12,559,258.34 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2022 disclosure of Macy's includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2020, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Macy's's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Macy's's Scope 3 emissions?
In 2022, Macy's reported total Scope 3 emissions of 12,559,258.34 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2020), Macy's's Scope 3 emissions increased by 76,527.57%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Macy's disclose?
In 2022, Macy's reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Macy's's Scope 3 emissions?
In 2022, the largest contributors to Macy's's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 11,616,562 tCO₂e (92.49%)
- Downstream Transportation and Distribution (Cat. 9): 365,768.34 tCO₂e (2.91%)
- Upstream Transportation and Distribution (Cat. 4): 203,717 tCO₂e (1.62%)
Macy's's Scope 3 Emissions by Categories
Insights into Macy's’s GHG Emissions Intensity Compared to Industry Peers
In 2022, Macy's reported Scope 1 greenhouse gas (GHG) emissions of 40,900.72 tCO₂e and total revenues of USD 25,448 millions. This translates into an emissions intensity of 1.61 tCO₂e 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 2022, Macy's reported a Scope 1 emissions intensity of 1.61 tCO₂e per millions USD. Compared to the peer group median of 8.42 , 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 2022, Macy's ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 2022, Macy's reported a total carbon footprint of 13,039,326.77 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2,998.25% increase compared to 2020, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Macy's's total carbon footprint was Scope 3 emissions, accounting for 96.32% of the company's total carbon footprint, followed by Scope 2 emissions at 3.37%. a