Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain.
A woman walks past a store of the sporting goods retailer Nike Inc at a shopping complex in Beijing, China March 25, 2021. REUTERS/Florence Loto offer more transparency on working conditions in its supply chain.
The proposal also calls on Nike to consider implementing model supplier contracts developed by the American Bar Association and to assess whether its findings lead to changes in the company’s policies or decision-making. The company’s most recently available impact report from fiscal 2021 cites forced labor, supply chain transparency and labor rights as some of its essential priorities.
A coalition of international garment worker unions and labor rights groups filed a complaint against Nike with the U.S. State Department in February, alleging that Nike violated guidelines from the Organization for Economic Co-operation and Development by triggering layoffs and pay cuts throughout the COVID-19 pandemic.
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