Nike : FY23 NIKE, Inc. Impact Report

LETTER FROM OUR CEO

SPORT BRINGS

PEOPLE TOGETHER IN A WAY THAT FEW OTHER THINGS CAN

At NIKE, we embrace the power of sport to move the world forward.

Sport brings people together in a way that few other things can. One of our foundational missions is to invite more people - including the next generation of athletes - into sport. And we welcome them into sport by fueling connection, always inspiring deeper relationships for our athletes.

In other words: we believe in community. It's through community that we pursue our goal of creating a better world, one that's inclusive, equitable, diverse and sustainable.

This is work that's core to our DNA. We've always been focused on growing and supporting communities of athletes, from the advent of a running community by our co-founder Bill Bowerman in the 1960s, to our "If You Let Me Play" campaign in the 1990s advocating for women and girls in sport, to our commitments made to the Black community in the summer of 2020.

Our athletes' voices inspire us. For three years now, direct dialogue with our female athletes has helped us take action to build a better future through Athlete Think Tank. This platform is such a great demonstration of truly empowering community - working together with shared vision and purpose to improve NIKE and the broader world

of sport.

As I write this, there's great anticipation building toward this summer's Olympic and Paralympic Games, in Paris. To deliver on these expectations, our teams around the world are working tirelessly. NIKE has a long history of using these global moments to bring our best, taking seriously our role in unifying the world around sport.

The Games have such a unique ability to bring people together, both within countries and across countries. As we look to this summer, we're excited to bring together our athletes, consumers, employees and more to advance NIKE's purpose through sports' biggest stage.

Our belief in bringing people together through sport elevates all that we do. It fuels our long-term growth, enabling value-guideddecision-making and building the future we want to see in the world.

In FY23, we showed leadership across our Purpose focus areas. Through our commitments to equity, accessibility and sustainability, we created meaningful change and paved the way for future generations to be able to enjoy sport.

Whether it's getting more than one million kids active around the globe, spending a cumulative $1.4 billion with diverse suppliers or reducing 69% of GHG emissions since 2020 in our owned and operated facilities, we choose to act with confidence in the face of today's most pressing challenges.

These successes, as well as many others outlined in this report, prove what can happen when your actions are always grounded in a greater purpose. Whether it's on the playing field or off it, we are setting new expectations for human potential in ways that impact our entire global community of athletes.

Across our three brands, we are resolute in creating a future where everyone has what they need to succeed. We don't wait for solutions; we create them. It's what the world expects of NIKE - and it's what we expect from ourselves.

We're excited by what we've achieved in FY23. But what excites us even more is the impact we'll continue to have - helping athletes dream big and then realize those dreams, as we connect the joy and optimism of sport to our community, today and for many years to come.

John Donahoe

President and CEO

NIKE, Inc.

LETTER FROM OUR BOARD COMMITTEE CHAIR

AS A VALUES-LED

COMPANY NIKE

IS FUELED BY

OUR PURPOSE

Our belief in doing the right thing motivates us, as we create value for shareholders and inspire our community of athletes all over the world. It's a focus that NIKE takes seriously as the global athletic market leader - we set bold, ambitious goals to show what's possible for the greater industry.

Nearly 25 years ago, the NIKE, Inc. Board of Directors established a Corporate Responsibility Committee to oversee areas related to the environment and sustainability, labor, community affairs and charitable activities, and diversity and equal opportunity. Soon thereafter, NIKE released its first-ever Corporate Responsibility Report, a demonstration of the company's commitment to transparency and accountability in these matters.

Our commitment to corporate purpose remains just as deeply felt today. And knowing as we do that strong governance enables and encourages NIKE's ability to advance on its goals, the Board continues to oversee this commitment.

Today, the Board's oversight of NIKE's purpose comes to life through the Corporate Responsibility, Sustainability & Governance Committee. The committee oversees both the risks and opportunities associated with NIKE's three purpose pillars: People, Planet and Play. As a committee, we have been particularly proud of the company's progress against its five-year purpose targets.

On behalf of the Board, we are pleased to share NIKE's progress in this FY23 Impact Report.

Michelle Peluso

Chair, Corporate Responsibility,

Sustainability & Governance Committee

NIKE, Inc. Board of Directors

ABOUT THIS REPORT

OUR

TARGETS

In 2005 NIKE published its first set of five-year targets and has stayed committed to this practice ever since.

Today we have a set of 29 ambitious corporate targets for FY20 to FY25 focused on our Purpose across People, Planet and Play. These targets represent a multi-year commitment to drive meaningful impact, meet stakeholder expectations, and align with NIKE's business priorities.

We work toward progress through strategic planning, piloting innovations, implementing solutions at scale and sharing best practices with the industry. Our approach distinguishes us because we:

• Connect executive compensation to progress against our 2025 targets
• Leverage annual milestones and rigorous data governance to improve performance management
• Extend accountability of targets deeper into our value chain, specifically in the areas of waste, labor and supplier diversity
• Prepare this report in reference to the GRI standards aligned to the UN Sustainable Development Goals

ABOUT THIS

REPORT

This year's report represents the third year of performance against our 2025 targets. For each target our report provides context on our goal, approach and challenges, the initiatives underway to reach the target and updates on the results of our efforts for the fiscal year.

Throughout the report, we have included spotlights on the teams and programs helping drive this work around the world, to recognize the people and stories behind our progress.

The final two sections of the report provide details on reporting methodology, Purpose governance, report assurance and data tables to provide additional transparency.

We know that success will not be linear, but accountability in this space means sharing our achievements and learning from our setbacks - we are proud to do so in our FY23 Impact Report.

IMPACT SUMMARY

OUR PROGRESS

BY THE

NUMBERS

In FY23 we continued moving the world forward, advancing against our corporate targets supporting our People, our Planet and the next generation of sport and Play.

Our highlights include

INTRODUCTION

1. Letter From Our CEO
2. Letter From Our Board Committee Chair
3. About This Report
4. Impact Summary

2025 TARGETS

7 FY23 Performance Summary

PEOPLE

Corporate

19 Representation of Women

24 U.S. Racial and Ethnic Minorities

30 Engagement and Inclusion

36 Engaging the Next Generation

41 Pay and Benefits

49 Career Growth and Development

Supplier

1. Health and Safety

1. Gender Equity

1. Worker Engagement

Foundational Expectations

66 Code of Conduct

PLANET

1. Carbon

1. Waste

1. Water

1. Chemistry

PLAY

118 Active Kids

126 Inclusive Community

131 Employee Engagement

137 Community Investment

OUR REPORTING APPROACH

142 Reporting Methodology

142 Risk Management

143 Issue Prioritization

147 Governance

APPENDIX

149 Data Tables

179 NIKE, Inc. Management Assertion

189 Global Reporting Initiative (GRI) Index

207 Sustainable Accounting Standards

Board (SASB) Index

209 Assurance Report

Movement Away

From Target

8

Target Level

Achieved2

Corporate

FY23 PERFORMANCE SUMMARY

Movement Toward

Target

Movement Away

From Target

Target Level Achieved

Engaging the Next Generation

FY23 PERFORMANCE SUMMARY

Movement Toward

Target

Movement Away

From Target

Target Level Achieved

Career Growth and Development