The Nike Paris Agreement: A Closer Look
In 2015, the world came together to address one of the biggest threats facing humanity – climate change. This historic meeting, known as the Paris Agreement, saw 195 countries pledge to limit global warming to well below 2 degrees Celsius. One of the most significant players in climate action is Nike Inc., who has made it their mission to become a leader in sustainability.
So, what does the Nike Paris Agreement entail? Let`s take a closer look.
First, it`s essential to understand Nike`s goals regarding sustainability. The company aims to reduce its carbon footprint by 30% by 2030 and reach 100% renewable energy in their owned or operated facilities by 2025. To help achieve these objectives, Nike has committed to the Paris Agreement and is on track to meet its science-based targets.
The Paris Agreement requires countries to submit Nationally Determined Contributions (NDCs), outlining their efforts to reduce greenhouse gas emissions. While Nike isn`t a country, they`ve taken a similar approach, submitting their own “Corporate NDC” to the Science Based Targets initiative (SBTi). The SBTi evaluates and approves corporate targets that align with the Paris Agreement`s objective of limiting global warming.
Nike`s Corporate NDC includes reducing carbon emissions across their entire value chain, from manufacturing to distribution and usage. Nike`s target is to reduce Scope 1, 2, and 3 carbon emissions by 50% by 2030 against a 2015 baseline. Scope 1 and 2 emissions cover operations owned or controlled by Nike, while Scope 3 includes all emissions from their entire value chain, including purchased goods and services and transportation.
To achieve these ambitious targets, Nike has implemented a range of initiatives, including investing in renewable energy, increasing energy efficiency, and eliminating waste. One example is Nike`s Reuse-A-Shoe program, which collects old athletic shoes to be ground up and turned into materials used for sports surfaces, playgrounds, and new Nike shoes and apparel.
Through these initiatives, Nike aims to create a circular economy where resources remain in use for as long as possible, reducing waste and preserving the planet`s natural resources.
In conclusion, the Nike Paris Agreement is a commitment to sustainability, demonstrating the company`s dedication to reducing their carbon footprint and addressing climate change. By setting ambitious targets, taking bold actions, and investing in renewable energy, Nike aims to create a better future for the planet and generations to come.