This organization has not yet disclosed their sustainability risks on this profile. This ratio spiked from 2009 through 2012 due to the financial crisis of 200809, the ensuing severe recession, and increased spending and temporary tax reductions enacted to stimulate the economy and support recovery. Fy12 sustainable business performance summary participant. Nikes marketing approach with sustainability efforts. Nikes approach to corporate responsibility marketing essay. Read more about living wages for garment workers here. Each year we produce our comprehensive sustainable living report detailing progress against the unilever sustainable living plan uslp. Getting traction on sustainability rebecca henderson, richard m. Corporate social responsibility csr and sustainability data for nike, inc. Authors personal copy why nike kicks butt in sustainability marc j. Apply to all raw materials and production introduce and utilize rfid technology. Nike s commitment to industryleading transparency in its social responsibility reporting has led to the company being named the top u. Get the detailed quarterlyannual income statement for nike, inc. However, in recent years, it has invested a lot in csr and sustainability.
That latest company annual report data was compared with the data from. View list with all featured reports all text on this profile page has been provided directly by the reporting organization. The companys vision is to reduce its environmental impact by sustainable use of resources, such as materials, water and energy. Nike inc released its fiscal 2007 to 2009 corporate responsibility cr report which outlines the next evolution of its cr strategy from a risk management, philanthropic and compliance model to a longterm strategy focused on innovation, collaboration, transparency and advocacy. In the awards at the ceres conference in oakland, calif. We are subject to income taxes in the united states and numerous foreign jurisdictions. Nike s compliance department reports to the vice president of corporate responsibility. Nike reveals a new, innovative game plan for sustainability the original poster child of all that is bad about globalisation, nike s new sustainability report focuses the companys ambitions on. The sustainability strategy of nike company essay bartleby. In the past, nike faced several controversies related to child labor and ethics in its supply chain.
Nike won for best sustainability report today in the ceresacca north american awards for sustainability reporting, followed by first runnerup american electric power. Approximately 40% of nike brand sales were in the united states, the remainder from across the globe. Nike issues fy04 corporate responsibility report nike news. As the economic recovery took hold, the primary deficittogdp ratio fell, averaging 1.
Nike s purpose is to unite the world through sport to create a healthy planet. An overview of our operational performance over five years, including maps. The report calls on both nike and adidas to commit to paying living wages across their supply chain by a specific date and other supporting action. Move to zero is nike s journey toward zero carbon and zero waste to help protect the future of sport. Nike does not use fur, angora or other exotic animal hair or skin in its products, which is definitely a step in the right. Securities registered pursuant to section 12b of the act. Environment 58 employees 62 community 58 governance 57. Nike has revised its environmental strategy and this was explained indepth in the companys annual sustainability report. All such filings on our nike corporate web site are available free of charge. Nikes sustainability report takes top ceresacca award. Nike sustainability strategy general overview of the sustainability strategy nike has a very sophisticated sustainability strategy.
Figure 1 nike s new way of thinking about a sustainable product lifecycle. Nke today reported financial results for its fiscal 2011 fourth quarter and full year ended may 31, 2011. Reporting is the primary tool we use to disclose important information to our stakeholders about how we manage social and environmental issues and impacts. As of september 2017, nike announced the launch of nike flyleather, a new super material made with 50% recyclable leather fibers, using 90% less water, and an 80% lower carbon footprint. State or other jurisdiction of incorporation irs employer identi.
Because it is produced on a roll, nike flyleather improves cutting efficiency and creates less waste than traditional cutandsew methods for fullgrain leather. Climate and sport if there is no planet, there is no. The 108page report, nike s first public corporate responsibility report since it made the decision to stop reporting in october 2002 when it petitioned the u. Fy19 was a defining year for nike, as we accelerated the highimpact capabilities of innovation, direct and speed that fuel our triple double. Mit sloan has been a part of that innovation process through faculty research and student engagement.
Fy1011 sustainable business performance summary nike news. The strategy is based on companys prospects for future, to ensure that the company remains profitable and reputable, taking into consideration the social responsibility of the company nike 20. Nike s sustainability strategy uses management innovation to address the companys impacts on workers and the environment across the supply chain. Excluding the impact of changes in foreign currency, nike brand revenues rose 12 percent. Increase manager training better environment, enhanced efficiency maintain sustainable labor practices.
In the latest report of nike does mention about the sustainability performance targets implement a 10 percent reduction waste. Nike is supplied by 112 footwear factories located in 12 countries. Impact report shares our progress toward our 2020 targets and priority issues. Epstein, adriana rejc buhovac, kristi yuthas nike inc. In those days the internet was brand new, but we began to see the power of instantaneous information and. In addition, nike cofounded greenxchange, a webbased marketplace for open innovation with other businesses, which is set up to allow organizations to collaborate and share intellectual property with each other. No longer the poster child for all that is wrong with the globalized economy. Form 10k, our quarterly reports on form 10q, our current reports on form 8k and any amendments to those reports filed or furnished pursuant to section a or 15d of the securities and exchange act of 1934, as amended. The ups 2017 corporate sustainability progress report chronicles our 2017 performance, initiatives, and engagements across the four pillars that comprise our committed to more sustainability strategy. Nike has won the top prize in sustainability reporting awards run by investment advocacy group ceres and the association of chartered certified accountants acca. Locke, christopher lyddy, cate reavis january 21, 2009 3 for equipment.
To complement the wealth of detail in our sustainable living report, we. Social media cookies offer the possibility to connect you to your social networks and share content from our website through social media. Nke today released its fy1011 sustainable business performance summary which introduces its new targets and outlines its progress against key. Nike aims to be a brand with purpose that moves the world forward. Changes in tax laws and unanticipated tax liabilities could. This archive contains our sustainability publications and key policy documents. According to nike s report covers company performance during fy1011, they developed and refined this vision. Indicate by check mark if the registrant is not required to file reports pursuant to section. Pdf the financial performance analysis of nike inc. Download and view the complete 2011 nike annual report. Nike releases corporate responsibility cr report sgb. Advertising cookies of third parties collect information to help better tailor advertising to your interests, both within and beyond nike websites.
In 2007, the compliance department, directed by a senior director, consisted of 74 fulltime employees, 16 at. We see sustainability, both social and environmental, as a powerful path to innovation, and crucial to our growth strategies. To achieve that, we need all parts of our value chain to understand and deliver on our goalsfrom our leaders to product designers, to the employees in our stores, and workers in contracted factories who make our products. Its time for the world to shift, nike ceo mark parker writes in the report s introduction. Nike takes top ceres sustainability reporting award. Nike reports about having a plan to reduce solvent based chemicals in their shoe production, and has achieved a level of average 12 grams of petroleumderived solvents pdss per pair of shoe see link, page 48 for statement in their fy15 report. Nike is the most popular brand in the sports shoe and apparel industry. The company is known for its great products and excellent marketing and advertising strategy. Nike sustainability head hannah jones and soccer star abby wambach talk with fast companys jill bernstein about how international corporations and individuals alike can bring meaningful change. Parts of registrants proxy statement for the annual meeting of. All gri standards disclosures for our comprehensive level of reporting are now located directly in the 2017 ups gri content index. Gri does not confirm, validate or endorse any of this information.
Nike reveals a new, innovative game plan for sustainability. Nike is among the world s most prominent sustainable corporations, and is regularly recognized by. Nike flyleather, made with at least 50% recycled leather fiber, is produced through an innovative process with a smaller carbon footprint versus traditional leather manufacturing. We exist to serve athletes everywhere and thats why were on a mission to help ensure a healthy planet. As used in this report, the terms we, us, nike and the company refer to nike, inc. Pdf abstract nikes financial statement was analysed and studied. Nike s marketing approach with sustainability efforts. In this report, we cover nike s fiscal year 2018 june 1, 2017 through may 31, 2018, with the notable exception of calendar year 2018 data for the employee and occupational health and safety sections. How their influencing users out of their control factoriesvendors consumer awareness 2020 goal is that all factories rate bronze and better. Nike s sustainability report takes top ceresacca award.
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