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Friday, November 8, 2024

NORDSTROM, INC: Reprioritizing Impact: Sharing Our Progress

Progress

Nordstrom, Inc. issued the following announcement on July 20

As a company, we believe the impacts we have on our employees, customers and communities extend well beyond the walls of our stores. We have an obligation to think beyond a single sale or interaction with a customer to ensure we're operating as a responsible company our employees can be proud of. The idea that we have a role to play in building and shaping a positive, more inclusive and sustainable future isn't new to us, but it's become more important than ever. Today we are releasing our 2019 Sharing Our Progress report, which is primarily a look back on our 2019 progress, but the lens through which we're looking has been significantly altered by the COVID-19 pandemic and recent events surrounding the deeply ingrained racial prejudice and injustice that still exists in the world today.

For 119 years, our focus has been on our customers and how we deliver the best possible service to meet their expectations. When we think about how we can bring value, environmental sustainability, social responsibility and diversity, inclusion and belonging need to be priorities. That's why Nordstrom is continuing to work to reduce our impact on the environment, give back to the communities we serve, cultivate safe workplaces for the people who make our products; and strive to provide our employees with a great place to work.  

 

Last year was a great testament to this. In fact, in 2019, we reached several milestones including meeting or exceeding a number of the goals that we set for 2020. We surpassed our goal of sourcing 90% of our energy from renewables in deregulated markets where we have the flexibility to choose our own energy sources. We achieved 100% pay equity for employees and took additional steps to further empower women in our global supply chain. By the end of 2020, 20% of all Nordstrom Made products are made in factories where we've implemented HERProject. We increased our investment in environmental sustainability by launching our Sustainable Style category and signaled our ongoing commitment by signing the G7 Fashion Pact.

 

Yet we know we have further to go — we can and must do more and we're continually pushing ourselves to be a better company. Last year, we worked with an external partner to help us ensure we prioritize the areas of our business where we can make the most impact. We spent time listening to customers, employees, company leaders, investors, sustainability experts and even brand partners to understand how we could improve our CSR efforts. This process ultimately informed our new 2025 CSR goals. With these commitments, we're taking a more aggressive stance to make meaningful progress not only on environmental sustainability, but also human rights and corporate philanthropy, which includes goals set around: 

  • Climate change, circularity and environmental impact of product and services
  • Ethical working practices and women's empowerment
  • Customer engagement & cause marketing, corporate grant making and employee engagement
 

In addition, we're strengthening our governance practices to ensure even greater accountability and transparent reporting, and continuing to learn from and contribute to progress by collaborating with groups like Make Fashion Circular, the Sustainable Apparel Coalition and CDP Supply Chains.  

 

We have more visibility than ever before into the impact our business has on the environment and how we manufacture our products. This means we have an increasing responsibility to mitigate those impacts whenever possible. It is our hope — that together with our customers, partners and employees — we can work toward a more sustainable future.  

Original source can be found here.

Source: Nordstrom, Inc. 

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