Sustainable Business Reporting
Over time, we’ve moved from viewing corporate responsibility as a necessity for managing risk to seeing it as an opportunity to create value for our business and innovate for a better world.
To help achieve our own breakthrough performance, NIKE, Inc. uses a robust corporate responsibility reporting process. Reporting pushes us to share information about our sustainability commitments and then measure and make public our progress toward meeting those commitments. Through reporting, we’ve come to better understand and address our environmental footprint, especially our use of water, our creation and reuse of waste and the toxicity of materials and processes used to make our products. Reporting also requires us to be transparent about the impact we have on our workforce.
In preparing our reports, we are listening and responding to stakeholders and doing our best to provide a candid, complete and clear picture of our aims and progress in incorporating responsible practices into our operations.
OUR CR-RELATED CODES AND POLICIES
Nike’s code of ethics for employees is called Inside the Lines; it defines the standards of conduct we expect of all our employees. Employees are required to annually verify that they have read and understand these standards.
We operate a global toll-free Alertline for employees to confidentially report any suspected violations of the law or our code of ethics. Any reported concerns around accounting, auditing or internal controls are communicated to the Audit Committee of the Board.
We expect our suppliers to share our standards and to operate in a legal and ethical manner. Our Code of Conduct covers contractors who manufacture products for Nike and our affiliate brands. It directs them to respect the rights of their employees and to provide them with a safe and healthy work environment.
CR MANAGEMENT AT THE BOARD LEVEL
Nike’s Board of Directors is responsible for corporate governance in compliance with legal requirements and the interests of our shareholders. The Board is currently composed of independent nonexecutive directors as defined by the New York Stock Exchange. In , Nike formed a CR Committee of the Board with oversight of environmental impact and sustainability issues, labor practices, and corporate responsibility issues in major business decisions.
Visit the Governance section of our FY12-13 Sustainable Business Report for more information.
CR MANAGEMENT AT THE Executive LEVEL
In fiscal year 2006, we created a management framework to ensure executive accountability for corporate responsibility across Nike. The Vice President for Sustainable Business and Innovation reports directly to the CEO, and co-manages a number of dedicated teams with business and functional executives to develop and review policies for Board approval, approval of CR investments and evaluating and refining approach and direction.