ReportAlert.info - NIKE, Inc. (NYSE:NKE) Publishes FY12-13 Sustainable Business Performance Summary
The report provides an update on performance against business, labor and environmental goals as the company works toward its goal of decoupling profitable growth from constrained resources
NIKE'S SUSTAINABILITY REPORT SHOWS COMPANY REDUCING ENVIRONMENTAL IMPACT
WHILE CONTINUING TO GROW
May 7, 2014 /3BL Media/ - NIKE, Inc. (NYSE:NKE) today released its FY12-13 Sustainable Business Performance Summary, providing an update on performance against business, labor and environmental goals as the company works toward its goal of decoupling profitable growth from constrained resources. The report, which outlines both successes and challenges, shows NIKE is making progress across key impact areas of climate & energy, labor, chemistry, water, waste and community.
Evidence of the company’s progress includes an absolute reduction of carbon emissions of close to 3 percent across the whole value chain from its FY11 baseline, while revenue grew 26 percent over the same period.
“We believe business has a critical role to play in meeting the challenges of a changing world – addressing climate change, preserving the earth’s constrained resources, enhancing global economic opportunity – not by reducing growth but by redefining it,” writes NIKE, Inc. President and CEO, Mark Parker, in the report’s introduction.
The report also outlines the company’s approach to understanding and addressing the meta-trends facing business. Key features include:
- A transparent ‘big-picture’ view of the impacts across its entire value chain, from growing and processing materials to a product’s end of life, and the steps between.
- Details of the company’s focusing on innovation in the areas of greatest impact, including materials and manufacturing.
- A five-year comparison of sustainability progress through a lifecycle assessment comparing three different footwear styles.
- Dashboards showing progress on current goals including a 13-percent reduction CO2 per unit from FY11 through end of FY13; surpassing water-efficiency goals with contract factories that manufacture footwear; focusing efforts on more sustainable materials through new innovations including ColorDry and Flyknit; pursuing greener chemistries; and sourcing from contract factories that meet the standards set out in NIKE’s Sourcing & Manufacturing Sustainability.
The report is available on an interactive experience www.nikeresponsibility.com.
About NIKE, Inc.
NIKE, Inc. based near Beaverton, Ore., is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities.
