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Contents A Message from Our Chairman and CEO02Macy’s, Inc. at a Glance04Mission Every One: Creating a Brighter Future with Bold Representation for All05Our Approach to Corporate Responsibility06Corporate Responsibility FY 2023 Highlights08People09Community44Planet59Governance87Appendix93 ABOUT THIS REPORT This report highlights our commitment to corporate responsibility, and it provides an overview of our multifaceted governance,oversight, policies, programs and performance related to corporate responsibility matters that are important to Macy’s, Inc. and itsstakeholders. Unless otherwise stated, this report covers Macy’s, Inc.’s performance in fscal year 2023 ended February 3, 2024,and included 53 weeks. Throughout this report, references to “Macy’s, Inc,” “we,” “our,” “us” and “company” refer to the Macy’s,Inc. enterprise and references to “2023,” “2022” and “2021” are references to the company’s fscal years ended February 3, 2024,January 28, 2023, and January 29, 2022, respectively. Our three nameplates — Macy’s, Bloomingdale’s and Bluemercury — arereferred to as their own. This report refects feedback received from our colleagues, customers, investors and other key stakeholders.We report using the following standards: the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). A Message from OurChairman and CEO TONY SPRINGChairman and Chief Executive Offcer Dear Stakeholders, Earlier this year, we introduced our new strategy: A Bold New Chapter. It is designed to fundamentallyreposition our company, enhance the customer experience, deliver growth and unlock shareholdervalue. Our teams are energized by the work as we accelerate our path to market share gains andsustainable, proftable growth. As we implement the components of our strategy to create a more modern Macy’s, Inc., our socialpurpose platform –Mission Every One – remains an essential part of how we operate as a business.Launched in early 2022,Mission Every One is built on the company’s heritage of corporate citizenshipand aims to direct $5 billion of our spend through 2025 to people, partners, products and programsthat create a more equitable and sustainable future for all. In 2023, we continued to fuel these efforts.Through 2023, nearly $3.2 billion in spend has been directed towards our colleagues, suppliers, brandpartners and communities. We are pleased to provide the full scope of our corporate responsibility efforts in one consolidatedreport for the frst time. Our 2023 Corporate Responsibility Report emphasizes our three pillarsof impact — people, community and planet — and showcases the many ways we create a moreequitable and sustainable future through stewardship of resources and maximizing our positivesocietal contributions. Planet People We are a company defned by the dedicationof our people. Across our portfolio of iconicnameplates, we commit to being the preferredemployer everywhere we operate by enabling ourcolleagues to bring their best selves to work eachday. We refreshed our established ColleagueResource Group ecosystem and expanded it toall Macy’s and Bloomingdale’s locations in 2023.Providing our colleagues with more opportunitiesto connect and support one another strengthensour relationship-focused culture, one ofour greatest competitive advantages. We believe that managing our environmentalimpact and caring for the people who makeour products is key to the company’s continuedgrowth and success. We are committed toensuring safety and security across our supplychain and, in 2023, 100% of the Macy’s privatebrand suppliers managed by the Macy’sSourcing team completed zero tolerance training,which reinforces our Vendor Code of Conduct.In November 2022, we committed to set near-term company-wide emission reductions in linewith climate science with the Science BasedTargets initiative (SBTi), and we continue tointegrate sustainable energy-managementpractices and infrastructure into our operations. Investing in our customers, our brands and thenext generation of entrepreneurs is part of ourDNA. For more than a decade, Macy’s, Inc.has built a holistic ecosystem that providessuppliers with access to customers, educationand capital. In 2022, we introduced S.P.U.R.Pathways, an innovative funding program toadvance entrepreneurial growth. Since itsinception, the program deployed $9.2 million ininvestment capital to underfunded and growth-stage businesses and entrepreneurs, creatingnew economic opportunities in our communities. We could not have accomplished theseresults without the passion and commitmentof our teams and partners across theentire Macy’s, Inc. enterprise. As we progress toward our ambitions and thepromise ofMission Every One in the yearsahead, we look forward to driving positiveimpact for our people, communities and planet. Community We believe in the power of giving back as acore value. Our philanthropic investmentsfund programs that nurture the cu