Sportswear giant Nike has published its FY20 Impact Report in which it reveals its progress against sustainability - and other - targets and sets ambitious new ones to achieve by 2025.

Entitled 'Breaking Barriers', it reveals mixed progress on sustainability with the company meeting its target to source 100 per cent of its cotton more sustainably but failing to reduce its average product carbon footprint.

Nike also reduced freshwater use in textile dyeing and finishing by 30 per cent - smashing its 20 per cent target - and managed to divert 99.9 per cent of footwear manufacturing waste from landfill.

Other examples of successful progress included increasing the use of more sustainable materials in apparel from 19 to 59 per cent since 2015, and increasing the use of renewable energy in owned or operated facilities in the US and Canada to 100 per cent.

However, Nike made no progress at all towards its target of reducing by 10 per cent its average product carbon footprint, and managed to reduce energy use in its key operations by just three per cent against a 25 per cent target.

Nike's new sustainability targets, outlined in the planet section, include a 70 per cent reduction in greenhouse gas (GHG) emissions in owned or operated facilities through renewable electricity and fleet electrification.

At the same time, it pledges that GHG emissions from key suppliers’ manufacturing and transportation operations will remain at or below 2020 levels despite anticipated business growth.

And it aims to save half a million tons of carbon emissions by increasing its use of environmentally preferred materials to 50 per cent.