Nike shareholders rejected a Green Century Capital Management proposal seeking greater disclosure of how the company plans to meet its emissions-reduction targets. Norway's sovereign wealth fund, Nike's 11th-largest shareholder according to London Stock Exchange data, supported the measure, but vote tallies were not released. The decision came as Nike's market capitalization fell to roughly $55 billion to $57 billion from a November 2021 peak variously reported at about $264 billion to $281 billion, erasing roughly $200 billion. Nike will leave the S&P 100 effective Sept. 21 after being in the index since the end of 2008, but an internal memo said it remains in the S&P 500 and that the change does not affect its business, strategy, operations or public listing. Nike's stock has fallen more than 40% in 2026 and is headed toward a fifth straight annual decline. Shareholders approved executive compensation packages despite objections from Norway's fund and recommendations against them from Glass Lewis and Institutional Shareholder Services; CEO Elliott Hill received more than $36 million for fiscal 2026. Nike reported fiscal 2026 revenue of $46.4 billion, down 2% on a currency-neutral basis, while Greater China sales declined 17% in the latest quarter and direct-to-consumer revenue fell 6% to $17.7 billion. The company warned that sales would continue declining through the first half of fiscal 2027 as Hill focuses on wholesale relationships, excess inventory, performance products and a turnaround in the face of restructuring and stronger competition.