Nike Inc.

"Nike Inc.'s net zero target is set for 2050. Net Zero Tracker
The company has committed to reducing its greenhouse gas emissions by 65% in its owned or operated spaces, and by 30% across its extended supply chain by 2030. Net Zero Tracker
An interesting fact about Nike's environmental policy is their interim target for 2025, which includes a 70% absolute reduction of greenhouse gas emissions in owned or operated facilities through 100% renewable electricity and fleet electrification. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

78.7 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #6

S&P100: #4

Consumer Discretionary: #1

85.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

70.4%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

83.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 42,72047,39846,714
Scope 2 - location-based 251,578270,007257,171
Scope 2 - market-based 76,420159,266206,065
Scope 1-2 - location-based 294,298317,405303,885
Scope 1-2 - market-based 119,140 206,664 252,779
Scope 3 16,557,60017,742,3000
Total - location-based 16,851,89818,059,705303,885
Total - market-based 16,663,715 17,933,964 252,779

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 18,230,72416,663,715
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Nike Inc. belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 70.0 2020 2025
S3 30.0 2015 2030 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 65.0 2015 2030
S1S2S3MKT 90.0 2015 2050

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/09/2019

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target No

American multinational corporation NIKE, Inc. sets a target to reduce absolute scope 1 and 2 GHG emissions 65% by 2030 from a 2015 base year. NIKE, Inc. also sets a target to reduce absolute scope 3 GHG emissions 30% within the same timefram

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Nike by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Offsets: Nike has partnered with EFM - a real asset investment - to offset the emissions from its outbound shipment from the US. https://about.nike.com/en/newsroom/releases/nike-partners-with-efm-to-further-offset-carbon-emissions

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 25.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 8.152123827336718 10.0 -0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 28.152123827336716 40.0 -0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 25.0 30.0 2.5
Total 78.7 100.0 2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 12.0
5.0 / 5.0 5.0 0.0 5.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 3.2
3.2 / 5.0 3.2 -0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 14.0
Actual (in %): 42.4
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 12.0
Actual (in %): 42.4
5.0 / 5.0 5.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 15.4
Actual (in %): -16.4
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.2
Actual (in %): 7.1
5.0 / 5.0 5.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 5.0
Total 78.7 / 100.0 76.2 2.5 52.0


Available Data Sources

Reporting Year 2021 2021 2021 2021 2020 2020 2020 2019 2019 2019 2019 2018 2018 2018 2018
Source NZPDU Public Yourstake Wikirate (NV) CDP NZPDU Public Public CDP NZPDU Wikirate CDP Public NZPDU Wikirate (NV)
Publication Year 2022 2022 2022 2022 2021 2021 2021 2021 2020 2020 2020 2020 2021 2019 2019
Scope 1 42,720 42,720 42,720 42,720 47,398 47,398 47,398 46,714 46,714 46,714 46,714 41,941 41,941 41,941 41,942
Scope 2 - location-based 251,578 251,578 251,578 76,420 270,007 270,007 270,007 257,171 258,171 258,171 209,065 259,461 259,431 259,461 259,103
Scope 2 - market-based 76,420 76,420 76,420 NA 159,266 159,266 159,266 206,065 209,065 209,065 NA 210,321 210,321 210,321 NA
Scope 1-2 - location-based 294,298 294,298 294,298 119,140 317,405 317,405 317,405 303,885 304,885 304,885 255,779 301,402 301,372 301,402 301,045
Scope 1-2 - market-based 119,140 119,140 119,140 NA 206,664 206,664 206,664 252,779 255,779 255,779 NA 252,262 252,262 252,262 NA
Scope 3 16,557,600 16,557,600 10,823,562 10,823,562 17,742,300 17,742,300 17,742,300 0 15,777,000 15,777,000 9,500,000 0 0 19,995,328 2,787,707
Total - location-based 16,851,898 16,851,898 11,117,860 10,942,702 18,059,705 18,059,705 18,059,705 303,885 16,081,885 16,081,885 9,755,779 301,402 301,372 20,296,730 3,088,752
Total - market-based 16,663,715 16,676,740 10,942,702 NA 17,933,964 17,933,964 17,948,964 252,779 16,017,779 16,017,779 NA 252,262 252,262 20,247,590 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog