Nike shareholders rejected a proposal urging greater transparency on how the company plans to meet its 2030 emissions-reduction targets, despite support from Norway's sovereign wealth fund, Nike's 11th-largest shareholder. The board had urged a "no" vote, arguing management is "best positioned to determine the targets and related disclosures that are appropriate." Shareholders separately approved the company's executive compensation proposal, including more than $36 million in total compensation for CEO Elliott Hill for fiscal 2026, a vote that had faced opposition from Norway's wealth fund and major proxy advisers. Nike reported an 11% reduction in supply-chain emissions from its 2015 baseline in fiscal 2024, while its 2030 targets call for a 65% reduction in operational emissions and a 30% reduction across its supply chain. Shares have fallen around 40% in 2026 as the company deals with slumping sales and skepticism over Hill's turnaround nearly two years into his tenure.
Nike IncShareholders rejected the climate-disclosure proposal, and the board's resistance to emissions transparency is a governance/regulatory setback for Nike.
Apple Inc.