Submitted by Nike Inc.
BEAVERTON, OR - May 31, 2007 - With the release of its fiscal 2005 and 2006 Corporate Responsibility Report today, NIKE, Inc. announces a series of business targets for 2011 that more deeply integrate corporate responsibility goals into the company's long-term growth and innovation business strategies. The targets set benchmarks to improve labor conditions in contract factories, create a climate neutral company, drive sustainable product design and innovation, and unleash potential by giving youth greater access to the benefits of sport.
"We see corporate responsibility as a catalyst for growth and innovation" said Mark Parker, Nike, Inc.'s President and CEO. "It is an integral part of how we can use the power of our brand, the energy and passion of our people, and the scale of our business to create meaningful change."
The corporate responsibility business targets set by Nike include:
Nike's corporate responsibility report, available online at nikeresponsibility.com, provides greater detail on these and other business targets. The report also provides a comprehensive review of the company's corporate responsibility efforts for fiscal years 2005 and 2006, as well as forward-looking strategies. This is the company's third public corporate responsibility report. The FY05-06 reporting period covers a critical time during which Nike underwent a significant evolution in how the company frames, defines and approaches corporate responsibility.
For more information, visit www.nikeresponsibility.com.
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NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; NIKE Bauer Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned NIKE subsidiaries include Converse Inc., which designs, markets and distributes athletic lifestyle footwear, apparel and accessories and Hurley International LLC, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. For more information, visit www.nikeinc.com.
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