Nike shareholders reject climate proposal backed by Norway wealth fund

Nike shareholders have rejected a shareholder proposal urging greater transparency regarding emissions-reduction targets and climate goals during the company annual meeting. The resolution, introduced by Green Century Capital Management and backed by Norway sovereign wealth fund, sought detailed disclosures on how the sportswear manufacturer plans to achieve its 2030 climate objectives. Nike board members urged shareholders to vote against the measure, arguing that management remains best positioned to determine appropriate reporting standards. The vote occurs as Nike grapples with slumping sales, eroded market share, and a significant stock decline under Chief Executive Officer Elliott Hill. In contrast, shareholders approved the executive compensation package, which included over thirty-six million dollars for Hill in fiscal year 2026, alongside rejecting a conservative resolution regarding employee health plans. Institutional investors remain divided over corporate environmental governance priorities during ongoing financial restructuring phases across major retail sectors nationwide.