Nike’s Corporate Social Responsibility and Sustainability program resonates with the company’s core belief that “sports can change the world for the better.” Nike leverages the unifying power of sports to promote its CSR agenda in three key areas: diversity and inclusion, community investment, and environmental
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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.
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.
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.
How does Nike rank with regard to CSR?
Corporate Social Responsibility (CSR) and Sustainability metrics site CSRHub recently updated its ratings on NIKE Inc. and the 145 companies in the Textiles and Apparel industry. NIKE’s overall rating currently is 62 after the most recent updates to their CSRHub page.
Corporate Social Responsibility Examples: The Good
- Reducing carbon footprint.
- Engaging in charity work.
- Purchasing fair trade products.
- Investing in environmentally conscious businesses.
- Getting involved in volunteer work.
- Improving labour policies.
Does Nike have good corporate governance?
As far as corporate governance is concerned, NIKE is extremely poor compared to its competitors. Accounting principles, executive pay, governance structure, and board organization each contribute to the company’s financial score. Comparatively, NIKE is very weak compared to its competitors and peers.
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 help the environment?
Environmental impact
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.
Why is Nike unethical?
Environment. Nike received Ethical Consumer’s worst rating for its cotton sourcing policy, because it lacks a clear approach to use of pesticides and herbicides. Cotton accounts for 12.34% of all insecticide sales and 3.94% of herbicide sales, even though cotton covers only 2.78% of global arable land.
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.
Which company has the best CSR?
The Top 10 Companies With The Best CSR Reputation
- Rolex.
- Lego.
- Disney.
- Adidas Group.
- Microsoft.
- Sony.
- Cannon.
- Michelin.
THE FULL RANKING:
| 2013 Rank | Company | 2013 CSR RepTrak® |
|---|---|---|
| 1 | Microsoft | 72.97 |
| 2 | The Walt Disney Company | 72.83 |
| 3 | 72.71 | |
| 4 | BMW | 72.14 |
Socially Irresponsible Companies with High Returns
- British American Tobacco.
- McDonald’s.
- Coca-Cola Co.
- Lockheed Martin.
- PepsiCo.
- The Geo Group, Inc.
- Diageo.
- Wynn Resorts.
What is Nike’s organizational structure?
Nike has a geographic divisional organizational structure. This structure is based on the company’s needs in its global organization, as well as the uniqueness of conditions in regional markets.
How does Nike give back to the community?
The NCIF is an innovative approach to grant-making that engages a committee of Nike employees and store athletes from across the U.S. to directly impact the local communities where they live and work by awarding grants to organizations that give youth early, positive experiences in sport and physical activity and
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.
Does Nike use slavery?
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.
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.
How does Nike treat their customers?
To put it simply, Nike doesn’t just sell products. It tells customers what they want — and then makes that value readily available. The key is Nike’s ability to cultivate customer trust. Between its brand legacy, its knowledgeable team and its commitment to the entire athletic experience, Nike proves it knows athletes.
Does Nike have a sustainability program?
MOVE TO ZERO IS NIKE’S JOURNEY TOWARD ZERO CARBON AND ZERO WASTE TO HELP PROTECT THE FUTURE OF SPORT.