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

Environment story

Under Armour's environmental performance is significantly constrained by undisclosed Scope 1, 2, and 3 emissions data and the absence of a clearly articulated net-zero target. The company acknowledges climate risks (supply-chain volatility, raw-material cost exposure, physical hazards from extreme weather) but provides no quantified baseline emissions, renewable-electricity percentage, or credible decarbonization roadmap in available 10-K disclosures. The company flags potential regulatory compliance costs and sustainability reporting obligations but does not detail current mitigation investments or capital allocation to physical decarbonization. Absence of third-party verified science-based targets or carbon-accounting transparency triggers maximum deductions under the rubric.

Criticisms on file

Undisclosed or absent Scope 1, 2, and 3 emissions baselines; no verified net-zero target disclosed in 10-K
Source: UAA_10k.txt — Risk Factors section 'Climate change and an increased regulatory and stakeholder focus on sustainability and social matters'
Exposure to elevated supply-chain carbon costs due to reliance on petroleum-based raw materials and high transportation emissions; no documented decarbonization roadmap
Source: UAA_10k.txt — Risk Factors 'Fluctuations in the cost of raw materials and commodities'
Potential for greenwashing: company notes it may publish voluntary sustainability disclosures but acknowledges possible failure to meet stakeholder expectations or adequacy scrutiny
Source: UAA_10k.txt — Risk Factors 'Climate change and an increased regulatory and stakeholder focus on sustainability and social matters'

Disclosed initiatives

Supply-Chain Resilience & Materials Cost Management

Company acknowledges exposure to raw-material price volatility (petroleum-based fabrics, cotton) and transportation-cost fluctuations tied to fossil-fuel markets; notes climate change may increase supply-chain disruption.
Sustainability Reporting & Stakeholder Disclosure

Company commits to publishing legally required climate and sustainability disclosures; acknowledges stakeholder expectations for environmental and social practices.

Social story

Under Armour's social performance reflects moderate governance on labor relations and diversity, offset by limited transparency on CEO-to-worker pay ratios and supply-chain human-rights audits. The company maintains a supplier code of conduct and acknowledges labor-law compliance expectations, but the 10-K does not disclose specific metrics on executive-to-median-worker pay ratios, workforce turnover rates, or union-standing details. No documented union-suppression activities or major strikes are noted within the past 24 months. Leadership diversity percentages and supply-chain audit results for high-risk commodities (e.g., conflict minerals, cobalt) are not quantified in the disclosed filings. The company's reliance on 69% of apparel/accessory production from ten manufacturers and 100% of footwear from seven manufacturers creates concentration risk for labor-practice accountability.

Criticisms on file

Undisclosed CEO-to-median-worker pay ratio; no quantified executive compensation metrics in 10-K
Source: UAA_10k.txt — No explicit pay-ratio disclosure in Risk Factors or Business sections
Concentration of manufacturing: 69% of apparel/accessories from ten suppliers; substantially all footwear from seven suppliers — limits visibility into labor-practice diversity and creates supply-chain dependency risks
Source: UAA_10k.txt — Risk Factors 'We rely on third-party suppliers and manufacturers to provide raw materials for and to produce our products'
No disclosed supply-chain audit results, human-rights due diligence metrics, or conflict-minerals/cobalt-sourcing policies quantified in 10-K
Source: UAA_10k.txt — Risk Factors acknowledge supplier oversight but provide no audit or compliance-metric detail
Risk of reputational damage from supplier misconduct: company does not control suppliers but acknowledges exposure to negative publicity from supplier labor practices or workplace conditions
Source: UAA_10k.txt — Risk Factors 'The value of our brand and sales of our products could be diminished if we are associated with negative publicity'

Disclosed initiatives

Supplier Code of Conduct & Labor Compliance

Company requires suppliers, manufacturers, and licensees to operate in compliance with applicable labor laws and company-imposed social and ethical standards; maintains monitoring of supplier labor practices.
Human-Capital Management & Talent Retention

Company acknowledges importance of attracting and retaining highly skilled management and employees; commits to maintaining and evolving company culture.
Voluntary Sustainability & Human-Rights Disclosures

Company commits to publishing voluntary sustainability reports describing labor policies, human-capital management, and supply-chain labor practices.

Governance story

Under Armour exhibits significant governance risk due to concentrated voting control held by founder Kevin Plank through dual-class share structure (Class B shares carry 10 votes per share). Plank beneficially owns all outstanding Class B Convertible Common Stock, providing majority voting control and ability to elect all board members and direct major shareholder votes. Board independence percentage is not disclosed in the 10-K. The company operates under a restricted credit agreement with financial covenants (leverage and interest-coverage ratios) and has previously amended the facility to provide covenant relief, signaling potential financial distress. No lobbying expenditure figures or PAC contribution data are disclosed in the 10-K. The company disclosed material weaknesses in internal control over financial reporting in fiscal years 2024 and 2025, which have been remediated as of March 31, 2026, but the prior control failures and subsequent remediation represent governance friction. No antitrust or consumer-safety regulatory proceedings are detailed, though the company faces wide-ranging legal disputes (IP, employment, product liability, securities).

Criticisms on file

Founder voting control: Kevin Plank owns all Class B shares (10 votes each), providing majority voting control; Class C shares (non-voting) used for employee equity programs, prolonging Plank's voting dominance. Violates >80% board independence best practice.
Source: UAA_10k.txt — Risk Factors 'Kevin Plank, our founder and President and Chief Executive Officer, controls the majority of the voting power of our common stock'
Board independence percentage not disclosed; cannot verify compliance with corporate-governance standards
Source: UAA_10k.txt — No explicit board-independence metric provided in Risk Factors or Business Sections
Material weaknesses in internal control over financial reporting identified in fiscal 2024 and 2025; remediated as of March 31, 2026, but indicates prior control failures and execution risk
Source: UAA_10k.txt — Risk Factors 'We previously identified and remediated material weaknesses in our internal control over financial reporting'
Credit agreement contains restrictive covenants (leverage, interest-coverage ratios); company has previously amended the facility to provide covenant relief, signaling liquidity or profitability pressure
Source: UAA_10k.txt — Risk Factors 'Our credit agreement contains financial covenants, and both our credit agreement and debt securities contain other restrictions'
Wide exposure to legal proceedings (IP, employment, securities, product liability, commercial disputes); no quantified settlement reserves or fines disclosed
Source: UAA_10k.txt — Risk Factors 'We have been involved in legal proceedings that have resulted in significant expense'

Disclosed initiatives

Internal Control Remediation (Fiscal 2026)

Company identified and remediated material weaknesses in internal control over financial reporting as of March 31, 2026; management determined disclosure controls and procedures were effective as of that date.
Compliance & Regulatory Policy Framework

Company maintains policies for FCPA, U.S. sanctions, data privacy (GDPR, CCPA, India DPDP, EU AI Act), and consumer-protection regulations; acknowledges enforcement risks and evolving regulatory landscape.
Stakeholder Engagement on ESG Issues

Company acknowledges increased focus from consumers, employees, investors, activists, and regulators on ESG practices and commits to publishing sustainability disclosures.

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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