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Progressing our dedication to eco-friendly practices [Report]
Clarivate Embraces Sustainability in Business and Culture
In a commitment to driving positive change, Clarivate, a member of the "Business Ambition for 1.5" campaign, has set ambitious sustainability goals for the future. The global information and analytics company aims to set a science-based target by the end of 2024 and achieve a net-zero future by 2040.
One of the key targets for Clarivate is to increase its S&P Corporate Sustainability Assessment (CSA) score from 56 to 62 in 2023. This score measures a company's sustainability performance across three dimensions: environmental impact, social responsibility, and governance.
Clarivate's commitment to sustainability is evident in its operations. In 2022, 46% of its revenue was aligned with the United Nations Sustainable Development Goals (SDGs). The company's solutions are used by 130 million students for enhanced learning and research, aligning with the Quality Education SDG, and 81 million patients with chronic diseases were supported by Clarivate, contributing to the Good Health & Well-being SDG.
Moreover, Clarivate partners with EcoVadis to ensure sustainable vendors and suppliers worldwide. The company also supports colleagues in Colleague Resource Groups for discussions on sustainability and improving work practices.
Clarivate's sustainability efforts extend beyond its own operations. Through its products and services, the company helps customers develop sustainable innovations and establish ESG-focused brands. In fact, 7 million inventions in the Derwent World Patent Index relate to green energy technologies.
The company's 2022 sustainability report showcases real-life examples of supporting customers, colleagues, and communities. It highlights progress in aligning solutions with the 17 SDGs, including supporting 80 health technology assessments from 2019 to 2022 to expedite the approval of life-changing drugs.
Clarivate acknowledges the need for continuous learning, action, and growth in its sustainability journey. The head of the Sustainability team, although not explicitly named in the provided search results, presented the company's ESG milestones and goals in 2022, strengthening them through accelerated measures and customer support.
In addition, Clarivate colleagues volunteered more than 25,000 hours for community service in 2022. The company invites others to join the conversation on sustainability at its website: sustainability-at-clarivate.
Clarivate is committed to creating an inclusive and diverse workplace that fosters an ESG culture. The company shares customer success stories that demonstrate the application of research and insights to address global challenges. By prioritizing sustainability in its business goals and global culture, Clarivate aims to drive positive, meaningful impact for long-term success for customers, community, and the world.
