Macy’s Inc. is launching a “social purpose” platform to achieve positive societal change that includes commitments to its employees, communities and the planet at large.
The department store giant will direct $5bn of the company’s spend, scaling through 2025, to the partners, products, people, and programs that help create “a more equitable and sustainable future”. Macy’s said its new “Mission Every One” social purpose platform is built on three pillars of impact: people, communities and planet.
In addition, as part of the platform and as previously announced, the company is raising its minimum wage for all workers to $15 an hour by 1 May and, beginning this month, is providing a fully funded education benefit program for all its employees through Guild Education, investing approximately $35M over the next four years.
