Potential offtaker

Macy's Inc

www.macys.com

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Which other companies from United States of America are actively involved in decarbonization initiatives?
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  • Macy's Inc is a well-known retail company that operates in the Mid-Tier Department Stores sector in the United States of America. The company has been in business for over 160 years and has established itself as a leader in the retail industry. Macy's Inc has a strong commitment to sustainability and has been actively working towards decarbonisation and reducing its carbon footprint.

    One of the key areas where Macy's Inc has been focusing its efforts is in corporate energy. The company has been working towards reducing its energy consumption and increasing its use of renewable energy sources. Macy's Inc has set a goal to reduce its greenhouse gas emissions by 50% by 2030, and it has been making significant progress towards achieving this goal.

    One of the ways that Macy's Inc has been working towards decarbonisation is through the use of corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider over a specified period of time. This helps to support the development of renewable energy projects and can help to reduce the company's carbon footprint.

    Macy's Inc has signed several corporate PPAs in recent years, including agreements to purchase wind and solar power. In 2019, the company signed a 100 MW wind power PPA, which will provide renewable energy to power approximately 300 Macy's stores. This PPA is expected to reduce the company's greenhouse gas emissions by approximately 20%.

    In addition to corporate PPAs, Macy's Inc has also been investing in renewable energy projects. The company has installed solar panels on the roofs of several of its stores, which has helped to reduce its energy consumption and carbon footprint. Macy's Inc has also invested in community solar projects, which provide renewable energy to local communities.

    Macy's Inc has also been working towards reducing its energy consumption through energy efficiency measures. The company has implemented energy-efficient lighting and HVAC systems in its stores, which has helped to reduce its energy consumption and operating costs. Macy's Inc has also been working with its suppliers to encourage them to adopt energy-efficient practices and reduce their carbon footprint.

    In addition to its efforts in corporate energy, Macy's Inc has also been working towards reducing its overall environmental impact. The company has set a goal to reduce its waste to landfill by 50% by 2020, and it has been making progress towards achieving this goal. Macy's Inc has implemented recycling programs in its stores and has been working with its suppliers to reduce packaging waste.

    Macy's Inc has also been working towards reducing its water consumption. The company has implemented water-efficient fixtures in its stores and has been working with its suppliers to reduce water usage in the production of its products. Macy's Inc has set a goal to reduce its water consumption by 25% by 2025.

    Overall, Macy's Inc has demonstrated a strong commitment to sustainability and has been actively working towards decarbonisation and reducing its environmental impact. The company's efforts in corporate energy, including the use of corporate PPAs and renewable energy investments, have helped to reduce its carbon footprint and support the development of renewable energy projects. Macy's Inc's efforts in waste reduction and water conservation have also helped to reduce its environmental impact and demonstrate its commitment to sustainability.

    ✓ Current offtaker under Corporate PPA's