We are serving the long-term interests of all our key stakeholders - customers, employees, investors, and society - to make sure we make a deep impact with each of them and contribute to shaping a better future for society at large.
Our value creation model is at the core of everything we do and guides our work on a day-to-day basis. It shows how our organizational business model uses resources kindly and efficiently as input for our business activities supporting our strategy. The impact of our business activities create value for all our stakeholders and contribute to the Sustainability Developments Goals Wolters Kluwer is committed to. We strive to develop products that help protect people’s health and prosperity and contribute to a safe and just society by providing deep insights and knowledge to professionals. Click image to enlarge.
Driving innovation and product development
Our commitment to innovating our solutions through advanced technology allows us to address tomorrow’s challenges head on. Core assumptions about how we work and what work means for professionals are currently undergoing massive changes. The expectation that advanced technologies, such as artificial intelligence, play a part in every facet of our lives has led to a move from static to dynamic information. At Wolters Kluwer, we employ technology to engineer highly intelligent and responsive workflows in the workplace, providing even greater value to our customers.
The rise of the gig economy also presents a natural market for our efficiency-enhancing and cost-cutting expert solutions. As our customers are under pressure to do more work in less time, it’s more important than ever for them to ensure a consistent and reliable exchange of information. Data privacy rights and consumer protection are also topics which increasingly occupy our customers’ time and resources.
These changes are driven by a workforce that expects convenient, relevant, and responsive experiences, thanks to our increasingly connected lives. We endeavor to be a trusted partner, working side-by-side with professionals to help them realize their potential while future-proofing their professions.
Creating an even better place to work
Wolters Kluwer continuously strives for an inclusive company culture in which we attract, develop, and retain high-performing, productive, engaged, and diverse talent to deliver on our strategy. The dedication of our highly specialized employees is one of our greatest strengths and key to our future success.
An instrumental component of success lies in building strong, diverse teams – especially within a knowledge-intensive company like Wolters Kluwer. Good teamwork inside the company, in addition to working closely with customers, is the only way to ensure we deliver high-quality, innovative products.
Greater diversity not only results in effective teamwork and innovation, but also creates an environment for strong employee engagement. Without our diversity, we cannot reflect the diversity of our customers and the communities in which we live and work.
At Wolters Kluwer, our company values encourage us to put the customer at the center of everything we do, while honoring our commitment to continuous improvement and innovation, aiming high and delivering the right results, and most importantly, winning as a team.
To ensure we engage our talent, we listen closely to our employees through an annual employee engagement survey. Our 2019 survey indicates our level of employee engagement remains high, 77%, employees have pride in the company, and integrity, trust, and respect continue to grow even higher.
In 2020, we will continue to focus on what matters most to our employees, providing even more for developing skills and careers and tools and resources to do their work.
In 2019, a single career framework was created to help organize all jobs and work globally. The career framework helps all global employees understand where their job fits within the company and how they contribute to Wolters Kluwer. It also provides a structure for developing employee’s skills within their role and beyond.
Read more about how we create an even better place to work in our 2019 Annual Report in Embracing People and Society.
Corporate responsibility is everyone’s responsibility
We take our responsibility as a corporate citizen seriously. Good corporate governance is the foundation for building a successful business with sustainable impact. As a provider of governance-related expert solutions, we want to lead by example. It is essential for all our stakeholders that we demonstrate how we do this and how we regard the role of corporate governance within our overall sustainability strategy. Wolters Kluwer has therefore developed several policies and principles, that cover a wide range of domains to ensure the continuous compliance with high business standards. The Wolters Kluwer Business Principles serve as our code of conduct, outlining the company-wide rules that each of our employees is expected to adhere to. Key elements from our Business Principles are also included in our Supplier Code of Conduct, that our suppliers are expected to adhere to.
Impact on society
By helping professionals provide better healthcare, solve complex tax and accounting issues, and build better judicial and regulatory systems, Wolters Kluwer has a positive impact on society. At the same time, we strive to incorporate sustainability efforts into the day-to-day business operations that make this impact possible and viable for the long-term.
Wolters Kluwer takes a stand against climate change and continuously reaffirms its commitment to social and environmental responsibility as they relate to both its suppliers and its own operations.
Sustainability is an important driver of long-term value creation for all our stakeholders and we strive to incorporate sustainability efforts into our business operations.