As Nikeâs experience shows, the often talked-up business benefits of corporate responsibility are, at best, hard-won and frequently, in the short term, ephemeral or nonexistent. Through partnerships, sustainability initiatives, volunteer efforts and more, we act strategically to address societal challenges and make a positive impact. It was only 20 years ago that Nike was facing child labour and sweatshop allegations, with consumers protesting outside Niketown stores. We would like to thank Jody McFarland for helping us obtain these data. %%EOF Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019. Since Nike has to be socially responsible when it comes to making products or goods for public, it is their responsibility that the workers who produce their products are being treated the best way. Nike can and have the ability to influence their subcontractors in order to ensure fairness and pay. �r��lf..ϙ�a�U����. 0 Nikes CSR Policy. February 21, 2016 – Four years after Nike Flyknit was publicly unveiled, the groundbreaking technology continues to redefine performance-engineered footwear. long-term targets and report on our performance, (Nike, Inc. Corporate Responsibility Report FY07-09). Issue Identification â. However, in recent years, it has invested a lot in CSR and sustainability. Found inside â Page 301Mineral Policy Institute (2000b) Report on Tolukuma Cyanide Spill, http://www.mpi. ... Nike (2004a) Corporate Responsibility Report, http://www.nike.com/nikebiz/gc/r/ fy04/docs/FY04_Nike_CR_report_pt1.pdf, accessed 10 May 2006. Found inside â Page 103The Next Generation of CSR Reporting: Will better reporting result in better working conditions? December 2007. 49 The Corporate Social Responsibility Newswire, âNike Issues FY04 Corporate Responsibility Report Highlighting ... Found inside â Page 325Nike (2007). Innovate fora Better World. Nike FY05-06 Corporate Responsibility Report. http://www.nikebiz.com/nikeresponsibility/pdfs/color/Nike_FY05_06_CR_ Report_C.pdf (last accessed on August 23, 2009). OECD (1976). Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Another great event in the books! Two of the most distinguished philanthropic efforts are the Nike Foundation and the “let me play” program, two different organizations that “tap into the power of sport for social change.”. That information can be found at www.fairlabor.org. â Deltaâs 2019 Corporate Responsibility Report. Found inside â Page 47Nike's own corporate responsibility report for 2007â09 indicated that excessive overtime working (above 60 hours per week) had taken place in 20 percent of the companies manufacturing its clothing in 2007, and that this had increased to ... Students interested in reading our annual report can find it online, along with other financial and company information, by visting the Investors section of this website. Donât get me wrong about Nike. Nike has established corporate objectives in relation to our perceived corporate responsibility. Corporate Responsibility. Nike is taking climate action through Move to Zero, our journey towards a zero carbon, zero waste future. The information in this report and NIKE, Inc.âs corporate responsibility/ sustainability reporting and website, inclusive of charts, graphs, and discussion, and all other information presented, may contain forward-looking statements, estimates, or projections based on expectations as of the original date of those materials. February 28, 2013 – NIKE, Inc. President & CEO Mark Parker and First Lady Michelle Obama address growing physical inactivity epidemic in the U.S. February 26, 2013 – Former Olympian Takes On Ambassador Role To Help Remedy Physical Inactivity Epidemic. Nike has a matrix organizational structure incorporating geographic divisions. In the past the company has been in the spotlight of much criticism concerning their working conditions at their production plants overseas. Since the 1990s, Nike has traveled a bumpy road on this front, but it has ended up in a letic gear. Firehouse Subs, for example, leverages its Public Safety Foundation to produce business growth.Many brands have followed suit through charitable giving and community engagement, as our CSR report indicates. Blog. Using our 100+ years of expertise to deliver physical, emotional and societal wellbeing through our foods. “Sustainability is our generations defining issue”. Review the companyâs most recent CSR and present an executive summary of the companyâs sustainability initiatives and goals. Nike promised to raise its contractors wages above minimum wage to $26.00-$37.50/month and to monitor its third party contractor wages. Found inside â Page 109In any case, international human rights law is in fact ambiguous as to whether artificial persons such as Nike have ... of its corporate responsibility report in response to the ruling by the Supreme Court of California.59 However, ... Published on 20.04.2021. 2. Nike Reaffirms Commitment to Environmental and Social Targets in New Sustainability Report: No longer the poster child for all that is wrong with the globalized economy. It is a place to explore potential, obliterate boundaries and push out the edges of what can be. THE IMPACT OF GLOBALISATION ON CORPORATE SOCIAL RESPONSIBILITY 1995/96 â Described as the âYear of the Sweatshopâ activists highlighted the bad practices of market leaders Gap, Nike and Disney. The report provides a comprehensive overview of the financial, environmental and social performance of adidas in the 2020 financial year. *The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International Limited. �TEr����4i�6�, �:���&��7�`;/w�Z3���g:LDx�L�w�D�]3�q�K�3��{�BIz���GL(0r&�B��rtJ&���b���fJ The FY19 NIKE, Inc. Impact Report shares our progress toward our 2020 targets in diversity & inclusion, community impact and sustainability. endstream endobj startxref Found inside â Page 118A final indication that Nike listened to activists was its 2004 Corporate Responsibility Report, which admitted to countless abuses in contract factories abroad. On the same day the report was released, Nike also disâ closed the ... Nike got into trouble a few years ago because of their labor practices in their factories, but I donât think many consumers know that theyâve raised their standards. Full year reported revenues increased 19 percent to $44.5 billion. NIKE can ensure that it is socially responsible and comes to par with consumer expectations by reevaluating the factories where its products are manufactured by the third world countries and ensuring that steps are taken to minimize the risk to workers in these places. With the adidas Annual Report 2020, we communicate financial and non-financial information in a combined publication. 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. The company has declared that they are committed to the Paris climate agreementâs goal. Nike an Ethical Issue. Nike is a company that was created on an agreement and a handshake between two men. That handshake between Bill Bowerman and Phil Knight became the foundation of how Nike does business. All this is hard to believe, given the steady stream of corporate social responsibility (CSR) accolades in the last 10 years. In its approach to social responsibility, Nike groups initiatives into six separate categories: reducing waste, cutting energy, slashing water use, rejecting toxins, supporting communities, and empowering workers.1 Each of these initiatives carries three types of goals: an aim, a target, and commitments. Essentially, Corporate Social Responsibility Nike , is a concept in management which states that organizations must integrate social and environmental concerns and find a common ground that maximizes profitability and reduces adverse impacts to the outside world. 5. Nikeâs training covers four sections, lean manufacturing, Human Resource Management (HRM), health & safety, and environmental compliance. Found insideLessons from Nike, Corporate Social Responsibility Initiative, Working Paper No. 24. Ministry of Labor and Social Security (2004), Report [Online, in Chinese]. Available at: http://www.molss.gov.cn/new/2004/0908a.htm [accessed: 2004]. NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021. *In this report, our use of the terms âmaterial,â âmaterialityâ and other similar terms refers to topics that reflect Visaâs significant economic, social and In fact, Nike has gone on record to say sustainability is one of the key components of success and no forward-thinking company can survive without sustainability efforts. The report ranks the worldâs leaders in corporate sustainability reporting, transparency and disclosure. The Path to Corporate Responsibility by Simon Zadek N IKE'S TAGLINE, "JUST DO IT," is an inspirational call to action for the millions who wear the company's ath- than it might have otherwise. Representatives from Nike also visited campuses and spoke to students, assuring them of Nikeâs intention to be a responsible corporate citizen. FASHION FORWARD â FOR GOOD. Found inside â Page 114Corporate social responsibility reports are none of the above: they are not required, not standardized, not regulated, and not always prepared by a team of vested ... Nike calls its report a Sustainability Business Performance Summary.
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