Nike shareholders reject climate transparency proposal as executive pay wins approval

  • Nike shareholders rejected a proposal seeking greater disclosure on the company’s climate targets.
  • Nike targets 65% lower operational emissions and 30% lower supply-chain emissions by 2030.
  • Shareholders approved executive compensation and rejected a proposal on gender-transition surgery coverage.

Nike shareholders rejected a proposal seeking more disclosure on how the company plans to meet its climate targets, while approving the athletic footwear maker’s contested executive-compensation proposal. Nike said in 2019 that it aimed to cut carbon emissions 65% across its own operations and 30% across its supply chain by 2030. In its fiscal 2024 update, the company said supply-chain emissions were down 11% from a 2015 baseline, but it did not disclose vote tallies. The resolution was introduced by Green Century Capital Management, while Norway’s wealth fund said it would support greater transparency. Nike’s board argued that management was best placed to decide appropriate targets and disclosures. The company is also dealing with slumping sales, lost market share and a product-innovation push by CEO Elliott Hill; its shares have fallen about 40% this year. Shareholders separately approved executive compensation, including more than $36 million in total compensation for Hill for fiscal 2026, despite opposition from Norway’s wealth fund and recommendations against the packages from Glass Lewis and Institutional Shareholder Services. A conservative-investor proposal concerning coverage of gender-transition surgery for minors in employee health plans also failed.

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