Nike outlines its progress in its latest impact report, ‘Break down the barriers‘, which represents the first year of performance against its 2025 objectives.
The set of 29 corporate goals, together with the company’s longer-term commitments – such as its science-based carbon goal (2030) and its net zero goal (2050) – form an aggregated view of the goals to Nike’s long-term and public commitments to meet stakeholder expectations and align with its business priorities. the report covers Nike’s fiscal year 2021.
Among the highlights, 100% of Nike manufacturing waste at the company’s finished product footwear suppliers is diverted from landfills through increased recycling.
Additionally, Nike claims that by reusing and reinventing waste and existing plastics, yarns and textiles, it has significantly reduced its emissions.
“We aim to reduce absolute greenhouse gas (GHG) emissions by 70% at our owned and operated facilities by using 100% renewable energy and converting our fleet to electric vehicles. Today, we are 78% of the way to that goal,” the company says.
Meanwhile, since last year, Nike says it has increased the number of racial and ethnic American minorities at the manager level and above by more than 4% to 30%, while also increasing the number of women in positions. leadership in the world from almost 4% to 43. %.
“We are innovating to meet the challenges of climate change – designing products with circularity in mind, giving new life to worn-out footwear and clothing, and collaborating across the industry to reduce our collective footprint. “says CEO John Donahoe in a letter published in the report.
“Nike is, and always will be, a brand of action. We don’t just say we want to create positive change in the world – we set out to do that. And so long as we can help shape a better future , we will never stop working to do better. Despite all the barriers we have already overcome, I believe that our best chapters are still ahead of us.
Nike was listed as one of the top ESG performers in the fashion, accessories and beauty sector between January and December 2021, according to GlobalData.
In January, Nike retained its position as the world’s most valuable apparel brand, despite a “significant” 12% drop in brand value to $28 billion.