Under Armour, Inc. (UA) — ESG & Values Scores

Environment story

Under Armour's environmental score reflects significant disclosure gaps and greenwashing risks. The company has not disclosed Scope 1, 2, or 3 emissions baselines or targets in the 10-K filing examined. No renewable electricity percentage is stated. The filing acknowledges climate change risks, supply chain vulnerability to physical climate impacts, and evolving regulatory requirements but provides no concrete decarbonization infrastructure investments or verified net-zero commitments. The company acknowledges that >70% of its footprint likely resides in Scope 3 (manufacturing and product use) yet provides no strategy to address it. Heavy reliance on third-party manufacturers in undisclosed geographies creates opacity regarding operational emissions. Absent verified direct power-use reductions or decarbonization capital projects, the Environmental pillar is capped at 55 due to suspected greenwashing (publicizing climate awareness without substantive action).

Criticisms on file

No disclosed Scope 1, 2, or 3 emissions baseline or net-zero target; opacity on environmental strategy despite public-facing sustainability commitments.
Source: UA_10k.txt, Risk Factors section: Climate change and sustainability focus acknowledged but no quantified metrics, targets, or decarbonization capex disclosed.
Substantial reliance on overseas manufacturing with no disclosed environmental auditing or supply-chain emissions tracking; manufacturing and logistics comprise majority of footprint.
Source: UA_10k.txt, Risk Factors: 'Substantially all of our products are manufactured by unaffiliated manufacturers' and 'many of our products are distributed from a limited number of locations.'

Disclosed initiatives

Sustainability Reporting Commitment

Company states it will publish legally required climate and other sustainability disclosures and has published voluntary sustainability disclosures.

Disclosure-only; no quantified emissions reduction or decarbonization capex verified in 10-K.
Climate Risk Management

Risk factor acknowledges climate change impacts on supply chain, raw material availability, and regulatory landscape.

Awareness-stage only; no mitigation strategy or investment disclosed.

Social story

Under Armour's social score reflects moderate disclosure and mixed signals on labor practices. The company acknowledges the importance of employee attraction and retention but provides no CEO-to-worker pay ratio, diversity percentages for executives or board, or turnover rates in the 10-K. No evidence of union-suppression activities or major strikes within 24 months is documented. The filing emphasizes the criticality of founder Kevin Plank and senior management but reveals recent significant executive turnover, raising retention and culture-maintenance concerns. Supply-chain audits are referenced through a supplier code of conduct, but no detailed human-rights due diligence results or mitigation strategies for high-risk geographies (e.g., manufacturing in countries with varying labor standards) are disclosed. The lack of quantified diversity and pay-equity metrics, combined with supply-chain opacity, results in a middle-range score.

Criticisms on file

No disclosed CEO-to-median-worker pay ratio, executive or board diversity percentages, or employee turnover rate; limits assessment of social performance transparency.
Source: UA_10k.txt, 10-K filing: No pay-ratio or diversity disclosures found in Risk Factors or Management sections.
Recent significant executive management turnover acknowledged; risk that management instability could disrupt company culture and employee retention.
Source: UA_10k.txt, Risk Factors: 'In recent years, we have experienced significant change in our executive management team.'
Supply-chain labor practices and human-rights due diligence opacity; no detailed audit results or remediation strategies disclosed for third-party manufacturers in countries with varying labor standards.
Source: UA_10k.txt, Risk Factors: 'we do not control the conduct of these third parties' and 'A violation, or alleged violation of our policies, labor laws or other laws could interrupt or otherwise disrupt our sourcing.'

Disclosed initiatives

Supplier Code of Conduct

Company requires suppliers, manufacturers, and licensees to comply with applicable laws, regulations, and company social and other standards, including a supplier code of conduct.

Policy framework exists but enforcement mechanisms and audit results not disclosed in 10-K.
Executive Management and Talent Retention

Company emphasizes the importance of senior management continuity, particularly founder and CEO Kevin Plank, and describes investment in company culture and values.

Culture investment stated but recent significant executive turnover indicates potential execution challenges.

Governance story

Under Armour's governance score reflects severe structural deficiencies driven by a dual-class share structure concentrating voting power in founder Kevin Plank. The Class B Convertible Common Stock carries 10 votes per share, all held by Plank, while Class A carries 1 vote and Class C carries 0 votes. This structure prevents genuine shareholder influence over board elections and major decisions. The filing does not disclose board independence percentage, but the concentration of voting power undermines independence effectiveness. Lobbying expenditures are not disclosed in the 10-K examined. The company previously identified material weaknesses in internal control over financial reporting (as of March 31, 2024 and 2025), which were remediated by March 31, 2026, raising compliance-governance concerns. No evidence of active litigation on climate deregulation or consumer-protection rollback lobbying is found; however, the lack of disclosure on lobbying spend and the structural governance defect warrant significant penalization.

Criticisms on file

Dual-class share structure with founder Kevin Plank controlling 100% of Class B shares (10 votes each); Plank has majority voting control and can unilaterally elect all board members and approve major transactions.
Source: UA_10k.txt, Risk Factors: 'Our Class A Common Stock has one vote per share, our Class B Convertible Common Stock has 10 votes per share and our Class C Common Stock has no voting rights (except in limited circumstances). Our founder and President and Chief Executive Officer, Kevin Plank, beneficially owns all outstanding shares of Class B Convertible Common Stock.'
Material weaknesses in internal control over financial reporting identified for fiscal years 2024 and 2025; deficiencies in period-end financial reporting controls and general ledger classification remediated only by March 31, 2026.
Source: UA_10k.txt, Risk Factors: 'we identified material weaknesses in our internal control over financial reporting as of March 31, 2024 and March 31, 2025' and 'While the material weaknesses have been remediated as of March 31, 2026.'
Board independence percentage not disclosed; dual-class voting structure severely limits shareholder oversight and board accountability independent of founder control.
Source: UA_10k.txt, Risk Factors: Voting structure described but no board independence disclosure in 10-K examined.
Lobbying expenditures not disclosed in 10-K filing; transparency on political advocacy and regulatory engagement is absent.
Source: UA_10k.txt: No lobbying spend or advocacy position disclosures found in Risk Factors or other sections.

Disclosed initiatives

Internal Control Remediation

Company identified and remediated material weaknesses in internal control over financial reporting as of March 31, 2026; management determined controls were effective as of that date.

Weaknesses previously existed for two fiscal years (2024, 2025), indicating governance lags; remediation is positive but late.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Under Armour, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Under Armour, Inc. in the app for interactive charts and portfolio building.

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