“We are revolutionizing impact, and that includes setting meaningful ESG goals,” said Geoffrey van Raemdonck, Chairman and CEO, Neiman Marcus Group. “The fashion industry must take action to commit to ESG and transparency with consumers, stakeholders and government. We are proud to partner with our brand partners and other organizations to raise awareness and inspire action within our industry. As we move closer to our 2025 goals outlined in our recent ESG report, we look forward to building on our momentum to minimize the impact of how we serve our customers through our digital channels, our stores and our supply chain, as well as the experiences we create and the products we sell.”
As part of its efforts to reduce scope 1 and 2 emissions by 50% by 2025 and use 100% renewable energy by 2030, NMG this month partnered with Trane® by Trane Technologies to replace natural gas-powered chillers with two new 500-ton Trane® water-cooled chillers at their iconic women’s store in Bergdorf Goodman, located in the heart of New York City famous shopping area. This facility used innovative, energy-efficient decarbonization technology that enabled the retailer to eliminate the use of natural gas, electrify the building, and secure a new renewable energy contract to power store operations . The move will help New York City goal of achieving net zero greenhouse gas emissions by 2050 while keeping customers cool and comfortable.
Meanwhile, Neiman Marcus stores across the United States are making progress toward the company’s goal of partnering with customers to raise an additional $3,000,000 for Heart of Neiman Marcus Foundation grantees through point-of-sale (POS) fundraising. In March, the retailer launched a point-of-sale fundraising campaign for the Fashion Scholarship Fund (FSF) that invites customers and associates to donate in-store and online via April 30. Proceeds from the campaign will fund the creation of a new NMG x FSF scholarship for students aspiring to careers in sustainable and ethical fashion. The effort raised enough money to fund at least seven NMG x FSF Fellows in the first year of the partnership.
As NMG seeks to increase revenue from sustainable and ethical products by 2025, it is also proud to announce the upcoming launch of new Fashioned for Change and Conscious Curation editions at Neiman Marcus and Bergdorf Goodman. These changes will identify items with preferred product attributes made with sustainable materials, including bio-based vegan leathers, as well as products that are responsibly produced, give back philanthropically, are made by various brands, or promote increased transparency. through digital product passports. groups like EON. Products from participating partner brands will be highlighted on NeimanMarcus.com and BergdorfGoodman.com and will be considered for exposure in highly visible locations through in-store and digital channels. To discover the new “Fashioned for Change” edition of Neiman Marcus, go to here. Bergdorf Goodman’s “Conscious Curation” edition will be launched in the coming months.
NMG will host and sponsor a variety of conference events throughout the month to socialize the above efforts with associates, customers and the wider fashion industry. Building on last year’s conversation with Elizabeth Clineauthor of “The Conscious Closet”, NMG is hosting an event for all associates on April 26 with Aja Barbier, author of ‘Consumed.’ This talk will dive deep into Barber’s book, which explores the intersection of climate change, colonialism and consumerism in the fashion industry. Customers near Neiman Marcus Northbrook in Chicago will also be invited to attend a panel discussion on the social and environmental issues facing the fashion industry and its next generation of talent with an industry pioneer Eileen Fisher and Melissa Gambleteacher at Columbia College of Chicago – a school member of the FSF.
Finally, to continue to educate and amplify the call for sustainable practices across the industry, NMG is delighted to sponsor the Women’s Wear Daily Sustainability Summit and the Sustainable Fashion Forum Fireside Chat, taking place will hold this month. NMG executives will host panels and fireside chats on topics surrounding circularity in fashion, fur and leather alternatives, the role of technology in sustainability, and more, as well as innovators in the space of pioneering organizations like FASHIONPHILE, Prota Fiori and EON. To purchase tickets for the Sustainable Fashion Forum Fireside Chat, please visit the Sustainable Fashion Forum website here.
Learn more about NMG’s 2021 ESG Report at www.neimanmarcusgroup.com/ESG.
About Neiman Marcus Group, LLC
Neiman Marcus Group is a relationship company that lovingly directs everything we do for our customers, associates, brand partners and communities. Our heritage of innovation and our culture of belonging guides our roadmap to revolutionize luxury experiences. As one of the largest multi-brand luxury retailers in the United States, with the world’s most sought-after brand partners, we deliver exceptional products and intelligent services, enabled by our investments in data and technology. . Thanks to the expertise of our more than 9,000 associates, we offer and develop a personalized luxury experience on our three channels of in-store, e-commerce and remote sales. Our NMG|Way culture, powered by our people, combines individual talents into a collective force to make life extraordinary. Our brands include Neiman Marcus, Bergdorf Goodman, Neiman Last call from Marcus, and Horchow. For more information, visit www.neimanmarcusgroup.com.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands, Trane® and Thermo King®, and our portfolio of environmentally friendly products and services, we provide efficient and sustainable climate solutions for buildings, homes and transportation. We have also set bold 2030 sustainability commitments for ourselves and our customers. As part of our Gigaton Challenge, we are committed to reducing our customers’ carbon emissions by one gigatonne, or one billion metric tons, by 2030. For more information, visit tranetechnologies. com
Trane – of Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy-efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com.
SOURCE Neiman Marcus Holding Company, Inc.