Clarivate Releases 2024 Sustainability Report
Rhea-AI Summary
Clarivate (NYSE:CLVT) has released its 2024 sustainability report, highlighting significant achievements in advancing UN Sustainable Development Goals (SDGs). The company reported that 49% of its revenue is directly aligned with SDGs, while its solutions benefit over 130 million students and serve more than 26,000 public and academic libraries.
Key highlights include the signing of the UN SDGs Publishers Compact, the launch of a Sustainability Ebook Subscription, and the contribution of 32,000 collective volunteer hours by employees. The company maintains commitments to the UN Global Compact, Women's Empowerment Principles, and CEO Action for Inclusion & Diversity.
Positive
- 49% of revenue directly aligned with UN SDGs
- Serves over 130 million students and 26,000 libraries
- Employees contributed 32,000 volunteer hours
- Recognition as top 5 corporate partner in Global Mentorship Initiative
- Launch of company-wide mentoring program for career development
Negative
- None.
News Market Reaction
On the day this news was published, CLVT gained 0.49%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Annual Report Highlights Achievements in Advancing the UN SDGs
In 2024, Clarivate signed the UN SDGs Publishers Compact, in addition to maintaining its existing commitments to the United Nations Global Compact, the United Nations Women's Empowerment Principles and CEO Action for Inclusion & Diversity.
Matti Shem Tov, Chief Executive Officer, Clarivate, said: "At Clarivate, we help people and organizations think forward, which is essential for a sustainable future. We are committed to driving sustainability by providing our solutions that help our customers advance UN SDGs worldwide. We strive to implement sustainable business practices across our operations and partner with those in our value chain to do the same."
Key achievements in the 2024 report include:
49% of Clarivate revenue is directly aligned with the SDGs.- The Academia and Government segment developed and is now offering a Sustainability Ebook Subscription, mapped to all 17 SDGs.
- Clarivate colleagues used their volunteer time off benefit to provide nearly 32,000 collective hours improving their communities.
- A company-wide 'Clarivate Mentoring Program' was launched to assist colleagues with their professional development plans and career growth.
- Clarivate was included in the Global Mentorship Initiative's top five corporate partners and is the first corporate partner to have 10x repeat mentors.
The report shows how Clarivate has aligned its corporate sustainability goals with the UN SDGs, particularly in the following ways:
- SDG 4: Quality education: With over 130 million students benefiting from Clarivate solutions, Clarivate has a significant impact on education. Clarivate tools empower students to enhance their learning and research experiences and access valuable resources. Clarivate serves as a trusted partner to more than 26,000 public and academic libraries, providing essential tools and resources.
- SDG 9: Industry, innovation and infrastructure: Clarivate data and insights support customers along the innovation lifecycle, bringing innovations to market faster. With over 200 million individual documents detailing research and development outcomes, Clarivate data empower policymakers to understand the global technology landscape and inform sustainability policies.
- United Nations Global Compact: Clarivate signed the UN SDGs Publishers Compact as a commitment to develop sustainable practices and act as a champion of the SDGs during the Decade of Action (2020-2030).
Liliana Hinderman, Senior Vice President, Chief Risk and Sustainability Officer, said: "At Clarivate, our commitment to sustainability is not just a corporate responsibility but a core part of who we are. We are proud to share our unwavering commitment, progress and future plans in this report. We continue to integrate sustainability into our business goals, which are designed to help us and our clients advance a more sustainable world."
Read the full report here.
About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Forward-Looking Statements
This communication contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like "aim," "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "forecast," "future," "goal," "intend," "likely," "may," "might," "plan," "potential," "predict," "project," "see," "seek," "should," "strategy," "strive," "target," "will," and "would" and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management's current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, along with our other filings with the
Media contact:
Jack Wan
Director, External Communications
newsroom@clarivate.com
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SOURCE Clarivate Plc
FAQ
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