Believe that pay equity is fundamental to our culture and diversity and inclusion strategy: Macy’s is committed to the principle of equal pay for equal work and seeks to ensure our colleagues are paid equitably for substantially similar work. Colleague compensation is based on job position, responsibilities, experience and performance with incentive opportunities that allow our colleagues to share in our success. In 2021, Macy’s will achieve greater than 99% pay equity across gender and, in the U.S., across race. Monitor performance: The charts below outline representation by ethnicity and gender by level from 2018 to 2020. The numbers above represent percentages of colleague diversity. *American Indian or Alaska Native, Native Hawaiian or other Pacfic Islander Total Colleague Diversity Directors Diversity Senior Directors and Above Diversity Managers Diversity Directors and Above Diversity Hourly Colleagues Diversity | Sustainability Report 2020 Return to Table of Contents 24