How is Nike socially responsible to the community?
The company is committed to investing at least 1.5% of its PTI (pretax income) to drive a positive impact in communities worldwide. In 2020, the company exceeded its target by investing 1.9% of its PTI. NIKE invested $89.8 million to drive positive changes for kids and communities around the world.
What does Nike do for the environment?
To reduce our water footprint, we’re focusing efforts on the ground, where raw materials are grown. We’re also reducing freshwater use for dyeing and finishing textiles, through manufacturing efficiencies and wastewater recycling.
Is Nike a socially responsible company?
The report is published in partnership with the United Nations Environment Programme (UNEP) and Standard and Poor’s. The report ranks the world’s leaders in corporate sustainability reporting, transparency and disclosure. Nike’s ranking is based on its 2004 report.
How is Apple socially responsible?
“Apple is committed to the highest standards of social responsibility across our worldwide supply chain. We insist that all of our suppliers provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes. This is what Apple states on its website.
What are Apple’s responsibilities?
“Apple is committed to the highest standards of social responsibility across our worldwide supply chain. We insist that all of our suppliers provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes.
How does social responsibility benefit the community?
CSR programmes provide an opportunity for corporations and companies to positively engage with communities across all levels of society. CSR not only benefits communities. It also provides businesses with new and varied opportunities and can often be of mutual benefit for both businesses and the community.
What are the social responsibilities of Nike?
In its approach to social responsibility, Nike groups initiatives into six separate categories: reducing waste, cutting energy, slashing water use, rejecting toxins, supporting communities, and empowering workers.1 Each of these initiatives carries three types of goals: an aim, a target, and commitments.
How is Nike socially responsible?
NIKE can ensure that it is socially responsible and comes to par with consumer expectations by reevaluating the factories where its products are manufactured by the third world countries and ensuring that steps are taken to minimize the risk to workers in these places.
Is Nike socially responsible?
Since Nike has to be socially responsible when it comes to making products or goods for public, it is their responsibility that the workers who produce their products are being treated the best way. Nike can and have the ability to influence their subcontractors in order to ensure fairness and pay.
Is Nike an ethical company?
Nike an Ethical Issue. Nike is a company that was created on an agreement and a handshake between two men. That handshake between Bill Bowerman and Phil Knight became the foundation of how Nike does business.