Triple Bottom Line
The Indiana Business Review defines triple bottom line as, "an accounting framework that incorporates three dimensions of performance:
social, environmental and financial" (Slaper, and Hall). NIke has been criticized in the past for the working conditions of the companies contract manufactures overseas. Since the mid-1990's, Nike has pledged to apply its U.S. work standards to the other countries they operates in. Nike also Audits its foreign contractors to ensure the employees have a safe work environment. Even though this may raise the cost of Nike products, and potentially lose customers, Nike is committed to being socially responsible. Every fiscal year, Nike comes out with a 50+ page document detailing its triple bottom line report. The report discusses everything from labor practices to the climate impact from operations.
social, environmental and financial" (Slaper, and Hall). NIke has been criticized in the past for the working conditions of the companies contract manufactures overseas. Since the mid-1990's, Nike has pledged to apply its U.S. work standards to the other countries they operates in. Nike also Audits its foreign contractors to ensure the employees have a safe work environment. Even though this may raise the cost of Nike products, and potentially lose customers, Nike is committed to being socially responsible. Every fiscal year, Nike comes out with a 50+ page document detailing its triple bottom line report. The report discusses everything from labor practices to the climate impact from operations.