ReportAlert.info - Nike Inc (NYSE:NKE) Publishes FY10-11 Sustainable Business Performance Summary
The Company introduces new targets elevating sustainable innovation within business strategy. The report discloses progress, challenges and new approaches, including new manufacturing index that assesses sustainability
(3BL Media) May 9, 2012 - NIKE, Inc. (NYSE:NKE) today released its FY10-11 Sustainable Business Performance Summary which introduces its new targets and outlines its progress against key business, labor and environmental goals. The company also discusses the key challenges and its strategy for its work ahead, demonstrating its commitment to a more transparent and sustainable future.
Nike’s long-term strategic vision – to decouple profitable growth from constrained resources – is underscored by new targets and commitments, including a company-wide commitment to further integrate sustainability principles into its innovation processes, governance and portfolios. The work ahead is structured in two levels: continuous improvement targets against key impact areas to “make today better” and broader innovation commitments to “design the future” that establish how Nike is approaching longer-term change.
Nike also unveiled its new factory rating system, the Manufacturing Index, which looks comprehensively at a contract factory’s total performance and includes a deeper look at how a factory approaches sustainability. This Index elevates labor and environmental performance alongside traditional supply chain measures of quality, cost and on-time delivery.
Nike’s report focuses heavily on the role of innovation, transparency and collaboration in addressing sustainability issues. The Summary shows that Nike achieved or made significant progress against most of its previous targets, including waste reduction in footwear manufacturing, utilizing its Considered Design Index guidelines in product design and implementing Human Resource Management training programs in contracted factories.
In conjunction with the release of its report, Nike has launched an interactive web experience at enabling users to explore Nike’s value chain and learn more about its progress and commitments against each impact area.
Full news release: http://www.nikeinc.com/news/nike-inc-introduces-new-targets-elevating-sustainable-innovation-within-business-strategy
