In order to meet its discretionary responsibility, Nike has created the Nike Foundation – which gives back to the community in order to encourage global development and growth. The foundation focuses on the “Girl Effect” and reaching out to girls living in poverty and giving them a better lifestyle.
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What is Nike doing to meet its economic responsibility?
Nike uses some eco-friendly materials, including organic and recycled cotton and polyester, and has water reduction initiatives in its supply chain. The brand has also set a deadline to eliminate hazardous chemicals by 2025 and the good news is that it is on track to meet its target.
Nike’s Community Support Program. As part of their community outreach program, Nike spent more than $89 million in 2020 to help over 17 million kids around the world get active in sports and exercise. Nike also committed to training nearly 100,000 coaches to help communities most in need.
Reduce overall waste in the Nike operations and eliminate footwear manufacturing waste to landfill or incineration. Reducing water use in the Nike supply chain by adopting new and innovative approaches. Achieve at least a 20% reduction in freshwater use in textile dyeing and finishing. Achieve Global Pay Equity.
According to Bethel University (2017), corporate social responsibility(CSR) is the accountability that Nike or any corporation must create prosperity while protecting and benefiting society. Therefore, Nike does have a social responsibility to the contract employees who manufacture Nike products in foreign factories.
Does Nike still use child labor?
Nike admits it cannot ensure that none of its contractors will use child labour, and says the issue is the “most vexing” problem it faces. “Our goal… is to continue to do everything we can to eradicate child labour in our contract factories, but we can be certain that cases will occur,” the report states.
What is Nike doing to be more sustainable?
The pioneering sportswear brand has set its 2021 sustainability goals, with the aim of reducing carbon emissions and creating long lasting products that have a minimal impact on the environment. First came the sneakers and swimwear crafted from recycled waste plastics.
Nike is a member of a number of corporate responsibility and sustainability organizations and we are committed to solving critical issues that affect the people in our value chain.
What is Nike stance on accountability?
Company-wide, we have long used corporate targets to drive accountability and measure progress. Our targets cover progress against environmental, social and community topics.
NIKE Global Impact and CSR Report – NIKE Spent $81.9 million on community development
- Letter from the CEO.
- Corporate Governance.
- NIKE Global Impact on Communities.
- Unlocking Sport and Play for Girls.
- Sports Coaching.
- Learning and Culture.
- Industry Partnerships.
- Reducing Environmental Footprint.
How did Nike embraced CSR?
In 2012, Nike partnered with DyeCoo Textile Systems, a Dutch startup, and adopted their new carbon-based dyeing process that dyes garments without using water or chemicals. Without water, the process also reduces its energy use by 60 percent since the garment doesn’t have to be dried. It also dyes 40 percent faster.
What role does Nike’s leadership play in addressing the issue of sustainability?
Nike operates using a Considered Design Index, a set of guidelines against which the company can gauge the environmental impact of each product. The ideal goal — and that which the Nike executive team propagates — is to create items without generating any end waste, to create a closed-loop system.
How does the government help Nike?
Nike has been helped by the US policies which enable it to advance its product. US government support Nike, particularly in the general macroeconomic stability, low interest rates, stable currency conditions and the international competitiveness of the tax system, form the foundation critical to Nike’s growth.
Why did Nike fail to address Corporate Social Responsibility early on?
1. Why did Nike fail to address corporate social responsibility early on? Nike fail to address Corporate Social Responsibility early on because to be remain competitive, keep on producing in low cost and increasing profit, Nike footwear factory has moved to the other country with low costs labor.
Do you think Nike has a bigger responsibility than other companies because of its size and position as market leader?
Yes, Nike has a bigger responsibility than other companies as a market leader because the company and the brand are known and famous throughout the world. Aside from that, the founder of Nike which is Phil Knight is known to be one of the richest men in the United States.
What is Nike ethical policy?
NIKE’s good name and reputation result in large part from our collective actions. That means the work-related activities of every employee must reflect standards of honesty, loyalty, trustworthiness, fairness, concern for others and accountability.
Does Nike use slaves?
Nike is one of the largest companies that use sweatshops and child slave labor. Nike has sweatshops all over the world. In the 1970s, Nike’s shoes were mostly made in South Korea and Taiwan, with some factories still in the United States.
Why is Nike unethical?
The public was astounded by the allegations of physical and verbal abuse taking place in Nike’s sweatshops. It was found that up to 50% of the factories limited their employees’ bathroom and water usage. Employees were forced to work over sixty hours each week and were punished if they refused to work overtime.
What are Nike’s weaknesses?
Nike’s Weaknesses – Internal Strategic Factors
- Poor Labor Conditions in Foreign Countries – In the last 20 years, Nike has been consistently targeted regarding their poor labor conditions.
- Retailers Have a Stronger Hold – Nike’s retail sector makes Nike weak due to its sensitivity against pricing.
What is Nike doing to reduce waste?
Top line. The global athletic footwear and apparel brand said Nike Refurbished is one of several solutions it is now offering to help reduce the company’s waste footprint. The circular consumer program is part of the sustainability commitment Nike calls Move to Zero, which aims to reduce carbon emissions and waste.
Is Nike an environmentally friendly company?
Nike’s commitment is not just to produce environmentally friendly footwear, but also to operate with sustainable business practices to reduce our carbon footprint and push toward a more sustainable future. For more on Nike’s sustainability commitments, check out purpose.nike.com.