- Softer trading outcome in the fourth quarter due to macroeconomic factors impacting consumer demand.
- Higher shrinkage and unfavourable foreign exchange movements impacting operating gross profit margin.
- Uncertainty in the economic outlook.
- Competitive Australian retail industry.
- Potential impact of future pandemics.
- Risks associated with technology malfunction, outdated IT infrastructure, cybersecurity violations, and data breaches.
- Potential negative impact on brand reputation from significant events or issues.
- Attracting and retaining talented senior managers and store/online team members in a competitive labor market.
- Managing health and safety risks.
- Potential regulatory investigations and disputes.
Myer Holdings Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-08 to 2022-07 | 96.8K tonnes of carbon dioxide equivalent |
| 2013-07-28 to 2014-07-26 | 173.5K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Total energy use reduced by 1.4%, equivalent to a 4.3% reduction in greenhouse gas emissions (CO2).
- 37% reduction in total net company overall energy use since the commencement of the strategy.
- 52% reduction in CO2 emissions since the commencement of the strategy.
- Chadstone store LED lighting upgrade reduced gross energy consumption by 41%, equivalent to an 831-tonne CO2 emission reduction.
- Recycling diversion rate increased from 66.4% in FY22 to 68.8% in FY23.
- Hanger reuse rate increased from 63% to 80%, reducing CO2 emissions by 1,074 tonnes, saving 3,156,803 litres of water, and reducing landfill waste by 356 tonnes.
- Phased out single-use plastic shopping bags, decreasing plastic bag usage by approximately 7 million bags since 2021.
- Diverted approximately 1.8 tonnes of textiles away from landfill through in-store partnerships.
- Collected and recycled 1.5 tonnes of cookware through partnership with Tefal.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete national rollout of paper bags by January 2025.
🌱 ESG Focus Areas
Energy ManagementSustainable PackagingWaste ManagementCircular EconomyEthical SourcingSustainable MerchandisingTeam Diversity and Inclusion