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FOR IMMEDIATE RELEASE

Nike Wins Top Ceres-ACCA Award for Best Sustainability Reporting

Nike received the top sustainable reporting award today for the North American competition sponsored by Ceres and the Association for Chartered Certified Accountants at the Ceres conference in Oakland. The award was accepted by Hannah Jones, Vice President of Sustainable Business and Innovation at Nike. Other winners, selected from nearly 100 nominations by an independent panel of expert judges, included Anvil Knitwear, American Electric Power and SAP.
OAKLAND, CA May 11, 2011

Nike received the top sustainable reporting award today for the North American competition sponsored by Ceres and the Association for Chartered Certified Accountants at the Ceres conference in Oakland. The award was accepted by Hannah Jones, Vice President of Sustainable Business and Innovation at Nike.

Other winners, selected from nearly 100 nominations by an independent panel of expert judges, included Anvil Knitwear, American Electric Power and SAP.

“Corporations in the 21st Century need to have transparent and honest disclosure of their environmental and social impact,” said Ceres President Mindy Lubber. “The winners of the Ceres-ACCA reporting awards serve as best practice models for corporate sustainability reporting that we hope will lead to improved sustainability performance.”

The Ceres-ACCA Reporting Awards program, which began in 2001, is aimed at recognizing exemplary reporting on sustainability performance by corporations, and other organizations across the United States, Canada and Mexico. The awards also provide guidance to other groups and companies that are publishing or intend to publish sustainability or corporate social responsibility reports.

Ceres and ACCA believe that recognizing disclosure best practices is crucial to driving improvements in sustainability performance; that reporting motivates benchmarking, learning and goal-setting, and builds an accountability mechanism for internal and external stakeholders—as well as a platform for engagement. This year there were 98 entries from companies and organizations, representing more than 20 sectors. From these, 17 reports were short-listed and 4 winners chosen.

This year’s award winners are:

Best Sustainability Report:  Nike

Nike’s report addresses the new context within which business must operate—one with a rising global population, decreasing natural resources, and an unstable climate—and reveals how Nike, in an effort to take a competitive advantage, is shifting to a more sustainable business model.  In the report Nike recognizes that “sustainability is a route to profitability,” and to that end the report details how the company is integrating sustainability into strategic planning and decision-making, from its board of directors, to its product designers and across its supply chain.  The report also demonstrates the company’s commitment to scaling sustainability solutions through the open sourcing of its audit and design tools and its integral role in the creation of the Green Xchange platform.

Best Report (First Runner Up):
 American Electric Power

American Electric Power’s (AEP) Corporate Accountability report represents the company’s shift to a more integrated reporting model—combining AEP’s annual report to shareholders with its traditional sustainability disclosure.  This new model of reporting represents the company’s efforts to provide the investor community with a better understanding of the materiality of its corporate sustainability strategies and performance.  AEP also issues mid-year updates to stakeholders on its key performance metrics and performance against goals and targets.

Best First Time Report:  Anvil Knitwear

Anvil Knitwear’s first sustainability report demonstrates the company’s commitment to the integration of sustainability into its business model. The company uses the web to deliver a compelling report and candidly describes key challenges facing the company and its industry.  Anvil also drives consumer education through its interactive website TrackMyT.com, which allows customers to input the tracking number from a t-shirt and learn how the product was produced from farm to store.

Commendation for Innovative Use of Web and Social Media:  SAP

SAP utilized web technology—including video, online dialogue forums, and customizable data charts—to create an interactive online platform for sharing its sustainability strategy and performance.  The report offers stakeholders the opportunity to provide uncensored and real-time feedback on every page of the report.  SAP also includes an interactive materiality matrix, which invites readers to submit their own materiality analysis for the company and view how the aggregate community feedback compares with the SAP’s own assessment.

About Ceres

Ceres is a leading coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as climate change and water scarcity. Formed in 1989, Ceres created the Ceres Principles, a pioneering 10-point code of corporate environmental conduct that led to widespread adoption of environmental principles by corporations worldwide. In 1997, Ceres launched the Global Reporting Initiative (GRI), which has become the internationally established standard for corporate reporting on the “triple bottom line” of economic, social and environmental performance. GRI is now an independent institution, with over 1,800 companies using its guidelines.  Last year Ceres released The 21st Century Corporation: The Ceres Roadmap for Sustainability, a tool for companies and investors to integrate sustainability across their strategies and day-to-day decision-making.  Ceres also directs the Investor Network on Climate Risk (INCR), which includes 100 investor members with more than $10 trillion in collective assets under management.

About ACCA

The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants. It offers business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. It supports more than 140,000 members and 404,000 students throughout their careers, providing services through a network of 83 offices and centres. ACCA also participates in a number of influential organizations, including the Global Reporting Initiative (GRI). In recognition of ACCA UK’s social and environmental issues program, ACCA has been awarded a Queen’s Award for Sustainable Development.

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