Nike Inc shareholders voted down a proposal on Tuesday, 9 September 2026, that would have required the company to provide more detailed information about its climate goals and the plans to achieve emissions‑reduction targets. The board of directors had recommended voting against the measure, arguing that the company remains committed to reducing greenhouse‑gas emissions and that management is best positioned to determine appropriate targets and disclosures.
The proposal sought greater transparency after Norway’s sovereign wealth fund, identified as Nike’s 11th‑largest shareholder by LSEG data, announced it would support a push for more climate disclosure. Despite the fund’s expressed support, the shareholder vote resulted in rejection of the proposal.
Nike’s 2019 climate roadmap commits the company to cut carbon emissions by 65 % in its own operations and by 30 % across its supply chain by 2030. In a fiscal‑2024 update, Nike reported that supply‑chain emissions had fallen 11 % relative to a 2015 baseline. The 2024 impact report highlighted initiatives such as the use of recyclable polyester and rubber and assistance to factories in sourcing renewable energy; however, the previous year’s detailed narrative on climate initiatives was replaced by a list of data points on emissions and waste.
The board’s filing reiterated that Nike remains dedicated to greenhouse‑gas reduction and that the current management team is best equipped to set and disclose targets, reinforcing the company’s long‑standing positioning as a climate leader despite the recent shareholder rejection.