Macy’s, in an effort to build an equitable and sustainable future, has announced to invest US $ 5 billion by 2025.
Dubbing the efforts as Mission Every One, the retailer’s aim would be to drive positive social change with focus on people, communities and planet.
The efforts include increase in hourly wages as well as diversification of company leadership, besides enhancing the use of sustainable materials in its products.
Under its people pillar, Macy’s will invest in under-represented designers, brands and partners across its namesake and Bloomingdale’s brands. Besides, it has reaffirmed that it will invest in education and also raise hourly pay to US $ 15 by 1 May 2022.
Macy’s commitment to communities pillar also includes donation of more than US $ 100 million to non-profit organisations, while planet endeavour focuses on adding more sustainably sourced raw materials and fibres into its private brands.
In its commitment to planet pillar, the retailer also plans to invest in means of reducing, reusing and repurposing materials to eliminate waste.
Macy’s, with Mission Every One, is making clear its commitment to being a socially responsible company.
The retailer is known for apparels, footwear, fashion accessories and bedding, amongst others, and earned revenue of US $ 24.8 billion in 2017.
