On the eve of World Environment Day, Nike released the 2016-2017 Financial Sustainability Business Report. At the same time, its sustainable development website was formally launched. The report shows that Nike has been recognized for four years in a row as using recycled polyester in the industry. The most material companies, in fiscal year 2017, 75% of Nike footwear and apparel products use recycled materials.
It is reported that Nike’s goal is to advance the world through the power of sports. Nike is innovating a new business model for the 21st century. Under this model, the supply chain is flat, environmentally friendly, balanced, and both materials and products are sustainable.
Nike's 2016-2017 Sustainability Business Report shows that Nike’s efforts to promote sustainable development are mainly reflected in the three key areas of reducing the environmental footprint, transforming supply chain manufacturing processes and exploring personal potential.
In order to reduce the environmental footprint, Nike has made many efforts in the product itself, product production methods, and business operations. Nike has been considered the industry's largest company with recyclable polyester materials for four consecutive years, and its FlyKnit series uppers are all available. Made from recycled polyester yarn. In FY 2017, 75% of Nike footwear and apparel products use recyclable materials.
At the same time, Nike continues to promote product design and optimize the manufacturing process to eliminate the generation of waste. Through Nike Grind's environmental technology, Nike converted more than 1,250 million pounds of factories and post-consumer waste from landfills in fiscal year 2017. China, Indonesia and India's factories no longer use landfills to dispose of the waste generated during the manufacturing process. Compared to the previous fiscal year, the waste generated in the Chinese factory in FY17 was reduced by 5.5%.
In addition, Nike is also focusing on innovation to reduce the use of water resources, improve the quality of wastewater, and thus improve the cost-effectiveness of water recycling. 40% of Nike's major material suppliers use recycled wastewater in their production processes.
In supply chain management, Nike collaborates with many stakeholders to break through the fixed thinking model and concentrate resources on mobilizing resources. For example, Nike has piloted a cooperation project in China to provide workers with mobile-based platform services, including factory communication tools and Skills learning and development.
Nike believes that sports can advance the world and unleash the potential of athletes and communities around the world. Nike and community partners are working together to get more children moving. In FY 2017, 14.5 million children were active through joining the Made to Play program. Nike also Collaborators from around the world are encouraging children to move before, during and after classes. These partners include China, Brazil, Europe, Russia and the United States. In 2016, Nike and the Chinese Ministry of Education renewed their contract to support Chinese youth. The development of sports. Among them, Nike's "Vital Campus" project is committed to nurturing sports culture in schools and carrying out sports education innovation.