- In 2021, Nike's total GHG emissions were 10,942.7 thousand tonnes of CO2 equivalents, a decrease of 7.3% on an annual basis
- Scope 1 emissions accounted for 0.4% of Nike's total GHG emissions in 2021 which decreased by 10.6% over 2020
- Nike aims to reduce Scope 1, 2, and 3 emissions by 90% by 2050
Due to rising Greenhouse gas (GHG) emissions from companies, it has become important among major contributing sectors to report gas emissions during their operations.GHG emissions are one of the major causes of rising global warming, and the companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as gas and oil.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions which are detrimental to the environment. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Nike Inc (Nike) designs, markets, and distributes athletic footwear, apparel, equipment, and accessories for men, women, and children. The company markets its products under various brands including Nike, Jordan, and Converse. Nike sells these products through company-owned retail stores, e-commerce portals, independent distributors, licensees, and sales representatives located worldwide.
Total GHG emissions ofNikein 2021 were 10,942.7 thousand tonnes of CO2 equivalents (thousand tonnes of CO2eq), a decrease of 7.3% from 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from the combustion of fuels at the company’s owned and operated facilities. Scope 2 encompasses indirect GHG emissions associated with purchased electricity. Scope 3 involves indirect GHG emissions in the company’s upstream and downstream activities.
Scope 3 emissions form the major portion ofNike’stotal GHG emissions, accounting for around 98.9% (10823.56 thousand tonnes of CO2eq) of total GHG emissions in 2021. Nike’s Scope 1 emissions have decreased by 10.6% to 42.72 thousand tonnes of CO2eq, and Scope 2 emissions fell by 52.5% to 76.42 thousand tonnes of CO2eq.
By 2030, Nike aims to achieve its science-based targets to reduce Scope 1 and 2 emissions by 65% and Scope 3 emissions by 30%. The company also aims to reduce Scope 1, 2, and 3 emissions by 90% by 2050.
