NMG’s 2025 ESG STRATEGY WILL REVOLUTIONIZE LUXURY EXPERIENCES BY:

Sustainable Products & Services

• Extend the useful life of 1,000,000 luxury item through circular services.
• Increase revenue from sustainable and ethical products.
• Reduce Scope 1 and 2 emissions 50% from a 2019 baseline.
• Ensure NMG protects human rights by developing and implementing a new Supplier Code of Conduct.

a Culture of Belonging

• Advance workplace equity in line with prominent external standards.
• Increase racial diversity in leadership roles Vice President level and above to 21%.
• Provide Belonging training for 100% of NMG associates.
• Champion inclusive marketplaces by increasing spend with diverse suppliers.

with Love in our Communities

• Partner with customers to raise $3,000,000 for charity through The Heart of Neiman Marcus Foundation.
• Increase associate giving and volunteerism in NMG’s All Heart Program to support causes close to associates’ hearts.
• Support disaster preparedness and relief to keep our store communities thriving.

Our Environmental, Social, and Governance (ESG) strategy demonstrates our commitment to helping people and planet while driving luxury retail toward a more sustainable and equitable future.

The results of our materiality assessment informed the creation of our 2025 ESG strategy. We’ve intentionally chosen to set 2025 goals (instead of 2030 or 2050 goals) because we’re deeply committed to making ESG an important part of our transformation—quickly. We’re moving fast and holding ourselves accountable as we learn and continue to innovate. In the process, we’re working with credible partners (including industry and nonprofits) to achieve our goals. Our progress against our 2025 ESG strategy and goals will be reviewed quarterly to manage risk and pursue opportunity.

In FY21, we established a dedicated ESG team to lead this work, as well as a cross-functional Steering Committee that is accountable for driving progress, and incorporated ESG oversight into our Board’s Audit Committee Charter. See Governance section for more.

And all of this is just the beginning. In the coming years, we plan to increase the precision and ambition of our goals and expand the scope of our efforts.

100/100

ON THE HUMAN RIGHTS CAMPAIGN FOUNDATION'S CORPORATE EQUALITY INDEX

350,000

LUXURY ITEMS THROUGH CIRCULAR SERVICES

57% FEMALE BOARD

68% FEMALE WORKFORCE

AND ADDED NEW PAID PARENTAL AND CAREGIVER LEAVE POLICIES

23%

TO 58,612 MTCO2e BETWEEN 2019 AND 2020

100%

OF AUDIT COMMITTEE DIRECTORS ON ESG OVERSIGHT

two

NEW EDITS FOR SUSTAINABLE AND ETHICAL PRODUCTS AT NEIMAN MARCUS AND BERGDORF GOODMAN

In the fall of 2020, our new owners—several of whom are signatories of UNPRI, the UN-supported network of investors working to implement Principles for Responsible Investment—brought a strong vision and commitment to investing in ESG, making it a central part of NMG’s transformation. They began by constituting a new Parent Board with a diverse set of new Directors, each of whom brings a unique point of view to our mission and operations. The Board’s Audit Committee, chaired by Pamela Edwards, oversees the company’s ESG risks, opportunities, and reporting.

“Every day we lead with love and are inspired to make life extraordinary for our customers, associates, brand partners, and communities.”

GEOFFROY VAN RAEMDONCK
CHIEF EXECUTIVE OFFICER
NEIMAN MARCUS GROUP

“These commitments enable us to hold Neiman Marcus Group to public company standards while moving with the speed and agility of a private company.”

PAMELA EDWARDS
CHAIR, AUDIT COMMITTEE
BOARD OF DIRECTORS

Read the Full Report here.