Commercial, Energy Efficiency, GHG Emissions, Commercial - November 13, 2023
Neiman Marcus Seeks to Lower Emissions Through Suppliers
Neiman Marcus Group (NMG) is seeking to lower its Scope 3 emissions through supplier engagement.
The retailer’s ESG strategy includes a commitment to the Science-Based Targets initiative (SBTi) and its sponsorship of the Supplier Leadership on Climate Transition (Supplier LOCT) program to help its brand partners.
"As a relationship business with the world's most desirable brands, NMG is in a unique position to influence positive change in the industry," said Eric Severson, Chief People, ESG, and Belonging Officer, NMG, in a statement. "While we are still in the early stages of our climate journey, I'm encouraged by our progress and excited to accelerate it through collective action partnerships like Supplier LOCT."
NMG’s progress on lowering emissions includes procuring 19.9% renewable electricity in FY22 in support of its goal to reach 100% by 2030. NMG also shared the results of its first Scope 3 emissions screening, which found that emissions from Purchased Goods & Services comprise 87% of its total GHG footprint, prompting NMG to join the Supplier LOCT program to decarbonize that part of its value chain.
Through participation in Supplier LOCT, NMG commits to sponsoring its suppliers' enrollment in high-value, instructional seminars over the course of six months with a series of sessions designed to help them measure emissions, set science-based targets, implement abatement plans, and disclose progress to CDP.
The Supplier LOCT has enrolled 35 suppliers, including brand partners like Golden Goose, 7 for All Mankind, Eileen Fisher, Ulla Johnson, alice + olivia, Natura Bisse, Vince, LLC, Canada Goose and MCM, as well as business vendors like FM Global.