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.
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In 2020, Nike introduced two new CSR programs, their Juneteenth learning initiative, and their Unconscious Bias Awareness training program to promote a greater understanding of racial equality and social change.
Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
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.
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 have good CSR?
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.
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 are examples of CSR?
Some examples of CSR in action include:
- Reducing carbon footprint.
- Engaging in charity work.
- Purchasing fair trade products.
- Investing in environmentally conscious businesses.
- Getting involved in volunteer work.
- Improving labour policies.
The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits. Examples of common CSR objectives include minimizing environmental externalities, promoting volunteerism among company employees, and donating to charity.
Working for the community, such as volunteering, giving blood donations, and working at a food bank or animal shelter. Supporting issues that affect society, such as advocating political or social issues that can help others—for example, advocating for child labor laws, purchasing fair trade products, recycling.
What has Nike done for the community?
Since 2010, the Nike Community Impact Fund has awarded more than 375 nonprofit organizations with more than $3.75 million in grants. With this recent round of grants, the total impact for 2016 is $800,000, including grants in Oregon where NCIF began and the national expansion of the program.
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.
What has Nike done to become 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.
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 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.
What is the main purpose of Nike?
“Our purpose is to unite the world through sport to create a healthy planet, active communities, and an equal playing field for all.” Here is our analysis of Nike’s purpose : Progress Sport.
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 the best CSR program?
The top 4 corporate social responsibility ideas for companies
- Volunteering. One of the best CSR activities for employees is providing time or opportunities for volunteering.
- Environmental practices. Environmental and sustainability practices are a hot topic in our world today.
- Charitable giving.
- Workplace policies.
Corporate social responsibility, sometimes referred to as CSR, is increasingly more important today and can take on various forms – including pro-bono work, volunteer activities, product donations, financial contributions, employee community service days, eco-friendly practices and many more creative activities by
What are typical CSR activities?
Some of the most common examples of CSR include: Reducing carbon footprints. Improving labor policies. Participating in fairtrade.
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 |