Supplier Diversity Our supplier diversity program connects ethnically diverse-, women-, veteran- and LGBTQ-owned businesses to opportunities within Macy’s, Inc., enabling us to have more distinctive merchandise supplier diversity and drive both innovation and economic impact. Our Retail Diversity Committee is a cohort of cross-functional colleagues who develop and execute our overarching strategy to accelerate the growth and amplify support for the advancement of diverse- and women-owned brands. In 2021, we will leverage data driven insights to guide and support decisions to fuel our supplier diversity strategy and efforts to meet customer needs. In 2020, we purchased $457 million from underrepresented businesses. Our progress this year is a building block toward achieving 5% spend penetration on diverse suppliers (retail and non-retail) and triple our spend with Black-owned businesses by 2023. Additionally, in 2020, we increased brand assortment by adding 100 new diverse- owned businesses online and in-stores. Overall, minority and diverse suppliers (retail and non-retail) accounted for 3.1% spend penetration in 2020, with a goal to increase to 4% in 2021. 2020 Diverse Spend by Group Elevate the Workshop at Macy’s Launched in 2011, The Workshop at Macy’s is the industry’s leading retail vendor development program dedicated exclusively to ethnically diverse-, women-, veteran- and LGBTQ-owned businesses. It is designed to give high-potential underrepresented business owners the tools to better succeed and sustain growth in the retail industry with one-on-one education from our top executives and industry experts. More than 125 entrepreneurs have graduated from the program, with 25% launched within Macy’s, Inc. and many found at other retailers. In 2021, The Workshop went virtual. Class size has doubled, with 50 businesses enrolled to participate in the two-week program. The Workshop now consists of an e-learning platform, an enhanced curriculum and a retail mentorship component. | Sustainability Report 2020 Return to Table of Contents 31