RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. The parent company, RELX Group plc, is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. Shareholders in RELX PLC own a 52.9% economic interest in RELX Group plc.
As a company that provides cutting edge scientific, technical and medical information, RELX has established itself as a major contributor to social welfare around the globe. Beyond its business model, however, the company has made corporate social responsibility and transparency core tenets of its operations. RELX boasts strong performance in each of its environmental focus areas including emissions, energy, water, and waste reductions. For example, the company has reduced its waste nearly a quarter within a one-year period. Moreover, RELX continues to improve upon its environmental management policies; the company is expanding its monitoring of Scope 3 emissions and plans to increase its use of renewable energy from 50% in 2015 to 100% by 2020. Regarding its supply chain, RELX has a strong supplier code and audit process, and reports on its suppliers’ compliance according to third-party audits. The company also has reduced its distribution of printed materials significantly and of the materials still printed, over 90% are verified as sustainably sourced. Additionally, RELX offers comprehensive compensation and professional development platforms to its employees.
Although RELX’s supplier programs are robust and transparent, the company’s audit results show that its suppliers’ regard for environmental management has declined slightly in recent years. This is a potential point of redress.
Country: United Kingdom
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.