Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain.
People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021.In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments.
"We now want Nike to be an industry leader and collaborate with their investors and stakeholders in identifying, assessing and avoiding actual or potential human rights abuses that may significantly disrupt their business, competitive advantage and the livelihoods of many workers," a spokesperson for Tulipshare said in a statement.
The report states that 85% of facilities in Nike's extended supply chain met its foundational labor, health, safety and environmental standards and the company now expects suppliers to develop and share internal codes of conduct.
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