US: Nike sustainability drive cuts factories and emissions
Oregon-based Nike met its aim to source from fewer, better-performing contract factories last year
Sporting goods business Nike has cut carbon emissions and revamped its sourcing base as part of a company-wide sustainability drive.
In its Sustainable Business Performance Summary for the 2012-13 full year, the US company charts the progress made across key areas of climate and energy, labour, chemistry, water, waste and community.
Nike pointed to a near-3% absolute reduction in carbon emissions across its value chain since the baseline set in the 2011 fiscal year, despite a 26% revenue increase over the same timescale.
Meanwhile, although production was up, the business had met its aim to source from fewer, better-performing contract factories, cutting its supply base by 14% over the last two years, from 910 to 785 factories.
The report also draws attention to ongoing sustainability challenges, including the rate at which environmentally preferred materials are becoming available at competitive prices, and the rate at which the market adopts new, green technologies.
In the report introduction, Nike president and CEO Mark Parker writes: “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.”
Companies: Nike Inc
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