Nike took 18th place in the annual 100 Best Corporate Citizens ranking from 3BL Media and is among the 19 companies that have made the benchmark each year since 2009.
In this post
Why is Nike a good corporate citizen?
Nike is focusing corporate responsibility efforts in the areas in which they can have the greatest impact and create the most value: Through the materials they design into products, through the process of making those materials and products, and in the world of sport where products are used.
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.
What is a good corporate citizen?
A good corporate citizen means being guided by strong moral and ethical standards in daily interactions with customers, shareholders, and employees. That includes carefully balancing shareholders’ needs with those of the community and always considering the environmental impact of business operations.
Is Nike Corporate Social Responsibility?
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
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.
What does Nike do to be ethical?
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.
How does the government affect Nike?
Overall, the US government has developed many initiatives centred on growth. The United States is a core market for Nike, with the company generating approximately 41% of its overall revenue there in 2019. Nike shoes are manufactured in 36 factories in the US by 5151 workers.
Is Nike still using sweatshops?
Nike. Throughout the years, Nike is one of those companies that has been linked over and over in various ways to child labor and unsafe conditions in their factories. As recently as 2020, investigations showed that Nike (along with Apple) was linked to forced labor from the Uyghur people in China.
How does Nike communicate with their employees?
Nike has to communicate in its website in order to inform the consumers and the employees. Nike can make a internal official letter to inform the employees if a problem occurs and to let them know what they have to do and what procedure they have to follow.
Is Apple a good corporate citizen?
Business Ethics has named Apple as one of the top 100 “Best Corporate Citizens.”
What is an example of corporate citizenship?
Starbucks as an Example
Starbucks has achieved corporate citizenship milestones including: Reaching 99% ethically sourced coffee. Creating a global network of farmers. Pioneering green building throughout its stores.
Is Walmart a good corporate citizen?
We’ve been named one of the 100 Best Corporate Citizens for our leadership on environmental, social and governance issues. We placed first in our category among all food and staples retailers, and are proud of the progress we’ve made toward becoming a more trusted and transparent company.
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 has Nike done for CSR?
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.
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.
What ethical issues has Nike faced?
Nike Ethical Issues
- Child Labour. Although Child Labour laws are in place in countries NIKE still choses to overlook this and children as young as 12 years of age are made to work in the factories for long hours.
- Expensive Endorsements.
- Low wages.
- Expensive Products.
- Fainting in Cambodia factories.
Why is Nike not sustainable?
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 are the challenges facing Nike?
Wall Street has concerns about the increased competition Nike faces from rivals Adidas and Under Armour, the demise of retailers that sold its products, supply chain issues and the pending retirement of co-founder Phil Knight.
Is Nike a good company to work for?
Nike is a terrific company to work for and provides many opportunities for employees to seek growth and development. There are tons of tools available to assist upward movement.
What is Nike’s biggest problem?
Nike is facing snarls in its supply chain that are slowing imports from its Asian factories and dragging down sales. Consumers’ preferences, priorities, and values are reshaping industries.