Nike:CompaniesFighting ClimateChangein2023

There'snodenyingthefacts.Climatechangeisreal,anditposesanexistential

threattolifeasweknowit.theactionsofpubliclytradedcorporationsare

responsibleforsomeofhumanity'smostsignificantenvironmentalimpacts.In

otherwords,themoneyincompany'sinvestmentprofilemightaffectour planet'sfuturemorethanthecompanies realize.

Despiteareputationforsupportingfastfashion,thisactiveweargiantismaking

stridestowardsenvironmentalsustainability.Thecompanyhaslaunched

a"MovetoZero"initiativeintendingtoreducecarbonemissionsby30%across

itsentiresupplychainby2030.

According totheNike 2019ImpactReport, Nike Airproductscontain at least50%

recycledmaterialsanddivertmorethan95%ofotherwisewastematerialsfrom

thetrash.Over75%ofallNikeproductssoldincludesomerecycledmaterials,

and99.9%offootwearmanufacturingwasteisrecycledorconvertedinto

energy.Likewise,allNikeNorthAmericanoperationsarepowered 100%on

renewableenergy,withgoals ofextendingthisacross theglobeby 2025.

Thecompanyalsohasimplementedthe NikeGrindrecyclingprogram,where

usedfootwearandsurplusmanufacturingmaterialsaretransformedintonew

shoesandapparel,runningtracks,basketballcourts,outdoorplayequipment,

andmore.Overits25-yearoperation,NikeGrindhasrecycled30millionpairsof

sports shoes.

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Accordingly,itisrequiredtodevelopanintegratedstrategicplanandbusiness

planforNiketoachieveitsgoalsandfightingtheclimatechange,providedthat

thisplanincludes-forexample,butnotlimitedto-thefollowingaspects:

8)Evaluationandcontrolmechanismsthatcanbeused

to establish new factory in Suez canalin portsaid sczone in Egyptsupport climate change by using Biogas new factory in Egypt