Nike has released its annual impact report, which provides an overview of the brand’s progress in achieving its goals across the three pillars of people, planet and play. In the report, there is a particular focus set on diversity and inclusion. The company has exceeded its goal for women in the global workforce at 51 percent in 2022 (Nike aims for 50 percent in 2025) and has nearly reached its goal for women in leadership positions at over 44 percent (2025 goal: 45 percent). Almost 35 percent of director-level positions and above are filled by U.S. racial or ethnic minority representatives (long-term goal: 30 percent). As in previous years, the brand achieved 100 percent pay equality for men and women and minorities.
Regarding corporate targets for CO2 emissions, Nike has reduced its greenhouse gas (GHG) emissions by 38 percent from 2021 to 2022 and increased its use of renewable energy by 15 points to now 93 percent. Emissions from manufacturing and transportation increased by 8 percent compared to 2021 but are still 15 percent below the baseline. Greater progress was made in reducing greenhouse gas emissions from materials: Emissions decreased by 182,611 metric tons, a 90 percent change from the baseline. However, there is still a long way to go to reach Nike’s goal of reducing emissions by 500,000 metric tons in 2025.
Some progress has been made in the area of waste management and reduction, where waste per unit produced is nearing the reduction target of 10 percent and also recycling of waste is on the rise. A goal that is harder to reach is the rate of products being refurbished, recycled or donated – until 2025, Nike aims to keep roughly 12 million units in use and has reached only 3.11 million units in 2022. Last year, the company has also not adopted any alternatives for its ten priority chemistries across its supply chain but aims for substitutes in all areas by 2025.
The full report can be downloaded here.
