Nike Inc
Textiles & Apparel
Company Summary
Nike, Inc. is a global sportswear company recognized for its efforts to integrate sustainability across its operations. The company markets apparel and has set ambitious targets for carbon neutrality, renewable energy use, and utilizing sustainable materials in its products. Nike’s ESG rating reflects its positive environmental contributions, particularly in sustainable fashion and its focus on reducing carbon emissions. However, Nike has faced criticism regarding labor practices in its supply chains, especially concerning working conditions in developing countries. These issues, combined with the environmental impact of overproduction and plastic waste, continue to affect Nike’s ESG score. Despite these challenges, Nike remains focused on social responsibility and sustainable fashion. For more information, refer to the Nike ESG report. Nike ESG rating is updated every month, with scores provided by leading ESG ratings agencies. The company’s ESG risks are generally considered low, and it ranks well among industry peers in the luxury goods industry. Its ESG scores reflect performance on various material issues, such as data privacy, cybersecurity, human capital, and corporate governance. Despite this, Nike faces controversy, particularly around supply chain and labour relations. NIKE, Inc. also has set goals for emissions reduction by 2050, aligning with the Paris Agreement. The company sells sports apparel and products through digital platforms and physical retail accounts, including athletic specialty stores, across multiple categories, including sports apparel, footwear, accessories, socks, eyewear, gloves, and other equipment. Nike’s subsidiaries, like Converse, operate within several segments, including skate, golf, and luxury goods.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Nike is Average among 105 companies in the textiles, apparel & luxury goods industry.
Temperature Rise :
News from Nike Inc
Nike's Hydrogen-Powered Vessel for Inland Shipping
Nike is Collaborating with Communities to Boost Climate Resilience
Nike's Mercurial Vapor Next Nature Benefits Athletes and the Environment
NIKE, INC. Announces Grantees for Its 2022 Black Community Commitment
The Nike Black Community Commitment is making its way to London
Michael Jordan and Jordan Brand have donated one million dollars to various anti-racism organizations
Nike's Most Environmentally Conscious Performance Shoe Yet
FAQ
What is Nike's ESG rating?
Nike holds an A rating from MSCI and is rated Medium Risk by Sustainalytics. The company is praised for its environmental efforts but still faces challenges regarding labor practices in its supply chain.
How does Nike manage ESG risks?
Nike manages ESG risks by monitoring and improving labor conditions within its supply chain, conducting audits, and implementing ethical sourcing standards. The company is also committed to reducing its carbon footprint and waste generation.
What sustainability initiatives has Nike implemented?
Nike’s "Move to Zero" campaign aims for zero carbon and zero waste across its supply chain. The company uses recycled materials in 75% of its footwear and apparel and has significantly reduced emissions from its manufacturing processes.