Environmental, Social, and Governance (ESG) is an evolution of Corporate Social Responsibility (CSR), which has been central to Neiman Marcus Group’s DNA since we were founded in 1907. Today, ESG at Neiman Marcus Group is comprised of Sustainability, Belonging, and Philanthropy.
NMG recently finished working with an external consulting agency to conduct our first ESG Materiality Assessment, which will be used to create a strategy and disclosure that will be published here in FY22. However, we already know that Belonging is one of our most material issues.
NMG is a woman co-founded and majority-women-led organization. In FY20, women represented 57% of NMG's Board of Directors, 61% of VPs and above - including two of our brand presidents and our CFO, and 70% of all corporate and store employees. Over the past three years, we have prioritized our work with diversity and Belonging across our organization, and we continue to make great progress in these areas. NMG’s associate population outpaces that of the US in terms of both gender and ethnic diversity and reflects the customer base we serve. In addition to our woman-majority, our total associate base is 23% Hispanic or Latino, 18% Black or African American, and 10% Asian, representing a majority-minority workforce.
In 2020, Neiman Marcus Group hired Kanarys – a Black, female-owned firm – to deploy an associate assessment of NMG’s Belonging landscape and performance. The assessment allowed associates to share concerns without fear of retaliation and provided feedback that is critical to the development and implementation of NMG’s data-driven Belonging strategy. At the same time, NMG has hired Dr. Katrice Albert – a national leader in the Diversity, Inclusion & Belonging space – to help develop and launch NMG’s Diversity & Belonging training efforts, which include a five-part Inclusive Excellence series on Cultural Intelligence, Brave Conversations, Cognitive Bias, and Diverse Top Talent, for all NMG officers (VP and above).
"As a company, we're dedicated to leading with love and fostering a community of Belonging for all," said Geoffroy van Raemdonck, Chief Executive Officer, Neiman Marcus Group. "I'm so proud of the impactful work NMG has done to lead with love and to nurture our Belonging culture so that we have a work environment that continues to lead in diversity, equity, and inclusion."
Neiman Marcus Group’s longstanding philanthropic efforts are another way the company supports diverse communities and allows associates and customers to support causes that are close to their hearts. Through deeply integrated partnerships NMG has positively impacted more than 6.5 million young people annually, igniting the extraordinary in youth nationwide. Partnerships include Boys and Girls Clubs of America, Human Rights Campaign, American Red Cross, Fashion Makes Change, Booker T. Washington High School for the Performing Arts, Dallas Symphony Orchestra, North Texas Food Bank, Dallas Holocaust and Human Rights Museum, Kimbell Art Museum, Vogel Alcove, amfAR, Dallas Black Tie Dinner, TWOxTWO - for Aids and Art, Dallas Black Dance Theater, University of North Texas Foundation, among many others.
In 2013, NMG’s corporate commitment was articulated with the establishment of the Heart of Neiman Marcus Foundation. At the same time, the internally focused All Heart program was launched to encourage further engagement between NMG associates and local communities through paid volunteer days, matching donations, and non-profit Board service opportunities. Today, NMG and the Heart of Neiman Marcus Foundation issue around $2,000,000 in community grants annually from corporate donations, point-of-sale fundraising, and cause-marketing efforts.
Check back here soon for a formal launch of NMG’s new ESG program in FY22.
On a mission to enable all young people to reach their full potential as productive, caring, responsible citizens, it provides out-of-school programs for kids and teens across the country.
As a longtime supporter of the LGBTQ community, Neiman Marcus Group contributes donations and coordinated volunteer efforts to several health and human rights organizations.
Neiman Marcus is committed to driving positive change in our communities, starting with our own stores.
Booker T. Washington High School for the Performing and Visual Arts creates opportunities and experiences for students and faculty in the pursuit of excellence in the arts and academics.
As the nation’s largest domestic hunger relief organization, Feeding America is uniquely positioned to bring vital resources to food banks in our local communities and throughout the country during the COVID-19 pandemic.
During the spring of 2020, Neiman Marcus Group partnered with JOANN Stores to produce more than 65,000 items of personal protective equipment (PPEs) including face coverings and scrub sets.