Nike, Inc. (NKE)

Sector
Consumer Discretionary
Headquarters Location
Washington County, Oregon
Founding Year
1964
Description
Nike is a renowned global sports apparel and footwear company that has established itself as a leader in the industry. With a rich history dating back to 1964, Nike has become synonymous with innovation, performance, and style. The company designs, develops, and markets a wide range of athletic products, including athletic shoes, apparel, and accessories. Nike's iconic "swoosh" logo is instantly recognizable, representing the brand's commitment to excellence and pushing the boundaries of sportswear. With a strong emphasis on sustainability and social responsibility, Nike continues to inspire athletes and enthusiasts worldwide, empowering them to reach their full potential.

Recent Articles

Human Rights Neutral
Nike faces shareholder proposal on human rights


March 31, 2023

Activist shareholder platform Tulipshare has called on Nike to provide more transparency on working conditions in its supply chain. Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The proposal also calls on Nike to consider implementing model supplier contracts developed by the American Bar Association and to assess whether its findings lead to changes in the company's policies or decision-making. Nike has been accused of violating guidelines from the Organization for Economic Co-operation and Development by triggering layoffs and pay cuts throughout the COVID-19 pandemic.

Human Rights Neutral
Nike faces shareholder proposal on human rights

Katherine Masters
March 30, 2023

Tulipshare, an activist shareholder platform, has requested Nike to provide more transparency on working conditions in its supply chain. The group has asked Nike to report on whether its policies effectively address its equity goals and human rights commitments, and to provide information on the methodology and metrics used to track forced labor and wage theft risks. Tulipshare has also called on Nike to consider implementing model supplier contracts developed by the American Bar Association and to assess whether its findings lead to changes in the company’s policies or decision-making. Nike has not yet responded to the request.

Human Rights Neutral
Nike faces shareholder proposal on human rights


March 30, 2023

Activist shareholder platform Tulipshare has called on Nike to offer more transparency on working conditions in its supply chain. The group requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments. The proposal also calls on Nike to consider implementing model supplier contracts developed by the American Bar Association and to assess whether its findings lead to changes in the company’s policies or decision-making. Tulipshare said Nike has failed to adequately disclose how it assesses the risk of Uyghur forced labor within its supply chain and cited ongoing labor complaints against the company.

Social Justice Neutral
Scarborough blasts Nike for continued Irving relationship: ‘They believe in social justice, just not for Jews’

None
Nov. 4, 2022

Morning Joe on MSNBC criticized the NBA and Nike for their association with Kyrie Irving, a Brooklyn Nets player who recently apologized for promoting an antisemitic film. Despite Irving's apology, the show condemned the companies for continuing their relationships with him, as they both claim to support social justice.

Social Justice Neutral
$172 Billion Worth Nike, Which Was Publicly Bashed by a Social Justice Group, Once Received Strong Support From Michael Jordan: “Whole Shoe Industry Does Not Have Enough Blacks”

Siddhant Biyani Articles Author
Aug. 11, 2022

The article discusses Michael Jordan's stance on social justice issues and his disagreement with the Operation 'Push' movement's call for a boycott of Nike due to the lack of black executives in the company. Jordan believed that the issue was prevalent in the entire shoe industry and not just limited to Nike. He also suggested that people in the industry should be asked about the issue rather than making assumptions. Despite his disagreement with the movement's targeting of Nike, Jordan supported their efforts in putting more blacks into executive positions.

Human Rights Neutral
Nike, Patagonia named in new European criminal filing for 'crimes against humanity' in China

None
Dec. 2, 2021

Nike and Patagonia have been named in a new European criminal filing for alleged "crimes against humanity" in China. The details of the filing are not provided in the given text.

Human Rights Neutral
Celtics' Enes Kanter Freedom says he'd welcome sit-down with LeBron James on human rights abuses in China

Tim Bontemps Adrian Wojnarowski Jonathan Givony Dan Hajducky Tim Macmahon Ohm Youngmisuk J.J. Post
Nov. 30, 2021

Enes Kanter Freedom, a Boston Celtics center, has criticized LeBron James and Nike for not speaking out against human rights violations in China. He has repeatedly spoken out against them and wants to educate James on the subject. Freedom believes that athletes should stand up for what they believe in, not just in America but all over the world. He also criticized Nike for being a hypocrite company and using athletes as puppets. Freedom has renewed his criticism of Michael Jordan for remaining silent on these issues and said other players have encouraged him to bring Jordan into the conversation as well.

Human Rights Negative
Explained: Why China is accusing H&M, Nike of selling products hazardous for children

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June 3, 2021

China's General Administration of Customs has accused popular Western fashion brands, including Nike, H&M, and Zara, of selling substandard products that are potentially hazardous for children. The notice listed over 80 batches of children's items imported over the last year that did not meet China's quality and safety standards. This comes after several Western nations imposed sanctions on products coming from China, and the country has witnessed widespread anger against Western brands after concerns over allegations of forced labor and human rights violations by Chinese authorities in the Xinjiang region. The products listed in the notice have since been confiscated, destroyed, or returned to manufacturers.

Human Rights Negative
Human rights in China a catch-22 for corporates

Carrie Lafrenz
April 14, 2021

The US, UK, Canada, and EU have imposed sanctions on Chinese officials over the treatment of Uighurs in Xinjiang, a region that produces a fifth of the world's cotton. Many companies, including Myer and Ikea Australia, have stopped sourcing cotton from the region due to human rights abuses. H&M has also faced backlash in China for expressing concern over forced labor in the region. The Australian Strategic Policy Institute has identified 27 factories in China that use Uighur labor, and experts recommend strengthening the Modern Slavery Act to combat this issue. COVID-19 has made forced labor more prevalent in Southeast Asia, and the pandemic has made it difficult for companies and NGOs to conduct social audits.

Human Rights Negative
Xi’s red line on China human rights makes companies like H&M, Nike, Uniqlo pick sides

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March 26, 2021

China is boycotting Western retailers after the US, UK, Canada, and the EU imposed sanctions over human rights abuses against ethnic minority Uyghurs in Xinjiang. The Chinese government is endorsing the boycotts, and celebrities are cutting ties with brands. Meanwhile, Chinese apparel makers are supporting cotton made from Xinjiang, boosting local companies. Analysts say the Communist Party is betting that a response that inflicts financial costs on companies will be popular at home, show China stands on equal footing with the US, and help thwart President Joe Biden’s efforts to heap more pressure on Beijing.

Human Rights Neutral
Nike and H&M Face China Backlash Over Xinjiang Human Rights Stance

None
March 25, 2021

Western clothing companies are facing backlash from Chinese consumers and the ruling party due to alleged human rights abuses in northwest China. This has led to threats of boycotts against these brands. Nik... [3589 chars].

Human Rights Negative
Nike, Coca-Cola, and Apple reportedly lobbied to weaken a bill aimed at preventing them from manufacturing products in China using forced Uighur labor

Tyler Sonnemaker
Nov. 10, 2020

Nike, Coca-Cola, and Apple were among the companies that lobbied to weaken a bill aimed at banning US firms from relying on Chinese forced labor. The Uyghur Forced Labor Prevention Act would ban many goods imported from Xinjiang unless companies prove they weren't made with forced labor. The bill passed the House in September by a 406-3 margin and has the support needed to pass the Senate. Various reports have linked Nike, Coca-Cola, Apple, and other major US companies to suppliers in the region, where China has been accused of detaining and violating the rights of as many as one million Uighurs and other Muslim minorities.