Today, Nike is one of the leaders of corporate social responsibility (CSR). Nike has made a commitment to implement sustainability efforts and is constantly evolving to reduce its environmental impact. While the company is by no means perfect, Nike has a vision that’s explained in its yearly sustainability report.
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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.
What are the CSR activities of Nike?
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.
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.
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.
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.
“Apple is committed to the highest standards of social responsibility across our worldwide supply chain. We insist that all of our suppliers provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes.
Our offices worldwide are single-use plastic-free. We commit to recycled packaging by 2021. Together with Better Cotton, adidas sources 100% sustainable cotton. To create change at scale, we commit to reducing our carbon footprint by 30% by 2030.
Is Nike a good corporate citizen?
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.
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.
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.
Monsanto, Wells Fargo, and Goldman Sachs rank as the least socially responsible companies. Millennials rate Tesla, Publix, and Amazon.com highest for corporate social responsibility efforts; Baby Boomers rate Wegmans, General Mills, and Southwest highest.
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.
Is Nike a sustainable company?
A few years ago, Business of Fashion reported that Nike has successfully transformed its tarnished image to become a “recognized sustainability leader.” Morgan Stanley even ranked Nike “the most sustainable apparel and footwear company in North America for environmental and social performance, including its labour
How is Nike committed to sustainability?
It’s also one of our most sustainable innovations. We’re able to reuse more than 90% of the waste from Air manufacturing, often turning it into new Air bags. This ensures all Nike Air soles are made with at least 50% recycled material. Small changes pave the way to achieve big aims.
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 |
The Starbucks Foundation is committed to strengthening humanity by uplifting communities. to nonprofit organizations in our hometown of Seattle, and in neighborhoods and coffee- and tea-growing communities around the world. More than $10 million in Foundation grants supported local and global COVID-19 initiatives.
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.
How does Nike support the community?
The Nike Community Impact Fund (NCIF) benefits communities where our employees live, work and play. These employee-led grants support local, grassroots organizations that get kids moving, because we know that active kids do better.