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.
Also, 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.
Also question is, how does Nike support the community?
Nike supports numerous national and local organizations that focus on education, mentorship, leadership development, coaching, city league sport programs and other community initiatives. This includes partners like PeacePlayers and the Jackie Robinson Foundation.
Is Nike a responsible company?
A few years ago, Business of Fashion reported that Nike has successfully transformed its tarnished image to become a “recognized sustainability leader.” Morgan Stanley even ranked Nike “the most sustainable apparel and footwear company in North America for environmental and social performance, including its labour …
What are examples of corporate social responsibility?
Corporate Social Responsibility Examples: The Good
- Reducing carbon footprint.
- Engaging in charity work.
- Purchasing fair trade products.
- Investing in environmentally conscious businesses.
- Getting involved in volunteer work.
- Improving labour policies.
What is Nike doing to help the environment?
In 2021, Nike launched Recycling & Donation — a way for consumers to pass on their gear to be recycled or donate it to communities in need — in stores across Europe, including doors in France, Spain, Italy, the Netherlands, Germany and Poland (it’s recently been scaled to stores in Asia too).
What is Nike legal responsibility?
Nike specifically and directly forbids the use of child labor in facilities contracted to make Nike products. The Nike Code of Conduct requires that workers must be at least 16 years of age, or past the national legal age of compulsory schooling and minimum working age, whichever is higher.
What is Nike’s corporate governance?
NIKE’s corporate governance reflects the company’s commitment to monitor the effectiveness of policy and decision-making both at the Board of Directors and executive level. In this context, NIKE approaches governance with a view to enhancing long-term shareholder value.
What is Nike’s social responsibility in terms of the pyramid of corporate social responsibility?
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.