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NIKE, Inc. FY14/15 Sustainable Business Report

Nike made impressive progress during a period of continued growth from fiscal years 2011 (FY11) through 2015 (FY15). At the same time, the company recognizes that to continue as such, it must innovate on an unprecedented scale. In turn, the company set “a vision for a low-carbon, closed-loop future as part of the company’s growth strategy,” including ambitious targets for fiscal year 2020 (FY20) a moonshot challenge to double its business with half the impact.

The achievements highlighted in this report include:

  • Water efficiency: Increased by 18 percent per unit in apparel materials dyeing and finishing, and by 43 percent per unit in footwear manufacturing, exceeding the company’s goal of 15 percent.
  • Carbon emissions: Reduced by 18 percent per unit from FY11 through FY15, falling short of Nike’s 20 percent goal due to inbound logistics challenges. During this period, revenue increased by 52 percent, and in FY15, the company shipped more than 1 billion units.
  • Sourcing: 86% of contract factories demonstrated an investment in workers by achieving a minimum bronze rating on the Nike Sustainable Manufacturing & Sourcing Index, making progress toward 100% by FY20.
  • Products: Superior performance with a lower environmental impact – 98 percent of new footwear scored silver or better on our product sustainability indices, 80 percent of new apparel scored bronze or better and the use of environmentally preferred materials increased overall.
  • Waste: In FY15, contract footwear factories diverted 92 percent of footwear factory waste from landfill or incineration without energy recovery.

Nike’s new targets for FY20 include:

  • Waste: Zero waste from contracted footwear manufacturing sent to landfill or incineration without energy recovery.
  • Sourcing: Have 100 percent of contract factories meet the company’s definition of sustainable.
  • Products: Deliver maximum performance with minimum impact, through a 10 percent reduction in the average environmental footprint of products and increased use of more sustainable materials overall.
  • Renewable energy: By the end of fiscal year 2025, reach 100 percent renewable energy in owned or operated facilities and to encourage broader adoption of renewable energy as part of an effort to control absolute emissions.

Read Sustainable Brands’ full article on this report here.

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