Nike Announces Diversity target for 2025

Nike Announces Diversity target for 2025

Nike (NYSE: NKE) has revealed its five-year plan, meant to create a more diverse and inclusive team. The change comes as corporate companies are continuously scrutinized on their values and behavior.

Its 2025 goals include investing in their employees, water conservation, reducing its carbon footprint, education and racial equality. Though no further details were disclosed, Nike said executive compensation would be linked to the company accomplishing the outlined actions.

“We’re proud of the successes we’ve seen, but we know the work is still just beginning,” President and Chief Executive Officer John Donahoe said in a letter addressing the five-year targets. “We are also redefining what responsible leadership looks like.”

The American multinational corporation highlighted 29 objectives that include:

  • 50% representation of women in global corporate workforce
  • 35% representation of racial and ethnic minorities in U.S. corporate workforce
  • 100% women in supply chain have increased access to career opportunities
  • $125 million invested to support organizations leveling the playing field and addressing racial inequality

“Our Purpose 2025 Targets are not just aspirations. They are a call to action – with clear goals, strategies and accountabilities. We are also redefining what responsible leadership looks like. For the first time, we will tie executive compensation to Nike’s progress in deepening diversity and inclusion, protecting the planet, and advancing ethical manufacturing,” Donahoe said.

Nike said it will invest USD125 Million within the next five years to aid businesses in addressing racial inequalities. Furthermore, in June Nike and Jordan brands announced a USD140 million pledge to help businesses educate and support Black Americans.

“Our brand would not be what it is today without the powerful contributions of Black athletes and Black culture,” Donahoe said in the letter.

Nike assures to maintain complete pay equity for all of its employees, on a yearly basis.

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