Nike, an American lifestyle company founded in 1964, will generate $50.6 billion in revenue worldwide in 2023 and employ close to 80,000 people.
Through a combination of collaborations, new perspectives, and work with timeless, enduring designs like Converse and Air Force, the company's public-facing brand manages to stay fashionable and current.
The company's circular solutions, which support product care for longer life, encourage recycling of used items, sell refurbished returned shoes as a reasonably priced and sustainable reuse option, and create new items from vintage and dead stock products, are all part of Nike's commitment to sustainability. The business is making progress toward its goals:
By using more environmentally friendly materials, such as polyester, cotton, leather, and rubber, we can reduce greenhouse gas emissions by 0.5 million imperial tonnes by 2025. As of FY22, employing 39% ecologically friendly materials in products resulted in a reduction of 182K+ metric tonnes of emissions.64% less greenhouse gas emissions in owned or operated facilities as of FY22, or 70%.