Report highlights role as a responsible information provider
Wolters Kluwer, a market-leading global information services company focused on professionals, issued its 2010 Sustainability Report today. The report highlights progress and achievements of growing Wolters Kluwer’s business in a responsible way, focusing on customers and solutions, people and community, and the environment.
The report covers Wolters Kluwer’s sustainability activities over 2010, which again led to continued external recognition. The company has been part of the Dow Jones Sustainability World Index for consecutive years and is a member of the United Nations Global Compact.
Nancy McKinstry, CEO and Chairman of the Executive Board, commented on Wolters Kluwer’s sustainability: “At Wolters Kluwer we understand that what is good for our business is also good for society. Social, environmental, and governance challenges call on us to constantly review and refine our own business practices.”
Customers and solutions
Wolters Kluwer helps professionals to reach sustainable results through intelligent solutions. The company shapes the opinions of professionals and many of its products cover areas that promote human progress such as healthcare, health and safety regulation, business compliance, and environmental regulation.
Next to the many examples of such solutions highlighted in the Sustainability Report, Wolters Kluwer announced that it is providing free access to emergency, disaster, trauma, and radiation contamination resources to Japanese hospitals via the Wolters Kluwer Health Emergency Resources Portal and through its UpToDate clinical system in support of the relief efforts following the earthquake and tsunami.
People and community
Wolters Kluwer believes good performance and potential of employees should be rewarded through compensation and talent opportunities. Remuneration is linked to values and business principles, fostering sustainability. In 2011, the Selection and Remuneration Committee of the Supervisory Board added a sustainability element to the Executive Board members’ compensation, establishing Wolters Kluwer’s commitment and responsibility at all levels.
Over 2010, Wolters Kluwer employees were actively involved in different initiatives that benefit society, offering their expertise, products, and time. Next to the many community involvement initiatives outlined in the report, more examples are available in the sustainability section of Wolters Kluwer’s website. A recent program that is highlighted is ‘Philadelphia Reads,’ which engages employees to work with school children in improving their reading skills.
Offering choices for responsible product consumption, such as electronic or paperless products, is a crucial point of attention. Wolters Kluwer also promoted increased opportunities for environmentally-friendly work within its own facilities. In 2010, Wolters Kluwer produced 98% of all its books and 100% of all its journals units for the Tax & Accounting division and the Law & Business unit in the United States under Sustainable Forestry Initiative (SFI) or the Forest Stewardship Council (FSC) certifications.
As in previous years, Wolters Kluwer’s Sustainability Report uses the G3 sustainability reporting guidelines of the Global Reporting Initiative as framework. In addition to the 2010 Sustainability Report, more recent examples and details on Wolters Kluwer’s sustainability efforts are available in the sustainability section of Wolters Kluwer’s website as well as a summary of 2010 accomplishments in the sustainability chapter of the 2010 Annual Report, which is also available as an iPad app.
About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer had 2010 annual revenues of €3.6 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America, serving customers globally. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
This press release contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall”, and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.