Today, NIKE, Inc. shared its FY14/15 Sustainable Business Report, which details strong progress against the company’s environmental and social targets and sets a vision for a low-carbon, closed-loop future as part of the company’s growth strategy.
Nike’s moonshot ambition is to double its business while halving the company’s environmental impact. It has set three strategic aims to guide this work: minimize environmental footprint, transform manufacturing and unleash human potential.
Discover all the details here, or dig into key highlights below.
Flyknit Exemplifies Sustainable Innovation
Flyknit technology precisely engineers every stitch of a shoe upper to deliver maximum performance for athletes and produces 60% less waste than traditional cut-and-sew methods. Since 2012, the technology has reduced nearly 3.5 million pounds of waste.
Nike Performance Products Reduce Waste and Water Use
When It Comes to Environmental Impact, Materials Matter Most
About 60% of the environmental impact of a pair of Nike shoes is found in the materials used to make them. Building upon its already significant strides to provide superior performance with a lower environmental impact, Nike is targeting a 10% reduction in the average environmental footprint of its shoes by 2020, paired with a goal to increase use of more sustainable materials overall.
Nike is Using Less Energy and Reducing Emissions
Since 2008, the company’s contract footwear manufacturers have cut energy use per unit by around 50%. That means today it takes about half the energy and generates around half the emissions to make Nike shoes as it did eight years ago. Looking to FY25, Nike aims to use 100% renewable energy in its owned and operated facilities, and has already implemented on-site renewable energy generation at some of its largest facilities.
Nike is Invested in Transforming Manufacturing
Nike is working with fewer, better contract factories that are committed to transforming their businesses beyond a foundation of compliance to be lean, green, equitable and empowering for workers. And factories are showing progress – 86% of Nike’s contract factory base has reached a performance rating that demonstrates their commitment to valuing workers and improving environmental standards. By 2020, Nike’s aim is for 100% of contract factories to reach this level. Nike is also investing in pilot research programs aimed at uncovering how services, technology and changes to compensation and benefits systems can positively impact workers inside and outside their workplaces.
Nike Leverages the Power of Sport to Get Kids Moving
Building a Diverse, Inclusive Workforce is a Priority
Guided by the belief that diversity fosters creativity and accelerates innovation, Nike is strengthening its recruitment, promotion and retention of diverse talent throughout the world with the goal of reflecting the diversity of the consumers it serves and the communities where its employees live and work. Nike will accelerate its efforts by expanding representation of women and people of color to start, while continuing to increase diversity of all dimensions across its business long term. The company is also introducing a new Family Care benefit in the U.S. that will support all new parents as well as employees caring for sick family members. Now mothers and fathers will receive an additional eight weeks paid time off and employees who need to care for family members also receive eight weeks paid time off.
Nike is Moving toward Zero Waste