Arjuna Capital has submitted a proxy proposal for Nike, Inc.'s 2024 Annual Meeting, urging shareholders to vote in favor of Proposal 4, which requests Nike to report on median pay gaps across race and gender. The proposal highlights the lack of transparency in Nike's current pay equity reporting and points out that the company does not disclose median racial or gender pay gap data, which is considered a best practice. Arjuna Capital argues that disclosing and acting to narrow these pay gaps can lead to significant company performance benefits, including greater workforce diversity and improved company performance. The proposal also notes that Nike has faced public scrutiny and legal challenges over alleged gender discrimination and unfair pay practices. Arjuna Capital emphasizes that more companies are committing to disclosing median pay gaps, which can strengthen diversity and talent retention, and that Nike lags behind its peers in this area. The proposal is to be voted on at Nike's Annual Meeting scheduled for August 6, 2024.

Arjuna Capital has submitted a proxy proposal for Nike, Inc.'s 2024 Annual Meeting, urging shareholders to vote in favor of Proposal 4, which requests Nike to report on median pay gaps across race and gender. The proposal highlights the lack of transparency in Nike's current pay equity reporting and points out that the company does not disclose median racial or gender pay gap data, which is considered a best practice. Arjuna Capital argues that disclosing and acting to narrow these pay gaps can lead to significant company performance benefits, including greater workforce diversity and improved company performance. The proposal also notes that Nike has faced public scrutiny and legal challenges over alleged gender discrimination and unfair pay practices. Arjuna Capital emphasizes that more companies are committing to disclosing median pay gaps, which can strengthen diversity and talent retention, and that Nike lags behind its peers in this area. The proposal is to be voted on at Nike's Annual Meeting scheduled for August 6, 2024.