Nike issued a formal statement opposing the President Donald Trump’s intention to withdraw the United States from the Paris Climate Accord.

The statement read: “We are deeply disappointed by the recent shift in climate policy. Nike believes that climate change is a serious global threat and that the world will need to radically redesign industrial systems and economies in order to enable a low-carbon growth economy. We will continue to honor the core commitments of the American Business Act on Climate Change Pledge, including reaching 100% renewable energy in all Nike owned or operated facilities around the world by 2025, participating in the U.S. Department of Energy’s Better Buildings Challenge and advancing materials innovation globally.”