Innovation is the driving force behind our products, and for us, innovation is about more than creating new ideas; it is about transforming ideas into valuable solutions. Driving sustainability through innovation is reflected at Wolters Kluwer in two ways:
Our products contribute to sustainability
Our solutions improve the quality of work and life for customers and, consequently, for society. We develop integrated solutions across all of our divisions that facilitate the work of professionals, improving the quality of life for their clients around the world.
The way we conduct our business
Wolters Kluwer promotes sustainability in the way we conduct our business. As a global company we recognize our responsibilities to the world and the need to integrate sustainability into our operating process. Integration starts with our suppliers, who are expected to act in a responsible way by adhering to laws and the application of labor and human rights standards. We recognize that operating on a global scale means our products have an impact on the environment in many places around the world. We have increasingly transformed our paper-based portfolio to high-quality, electronic solutions that reduce the use of natural resources. We are also aware that we are an important part of our local communities, and our employees promote community involvement initiatives.
Profitable growth means more than just improving financial results for our shareholders; it means creating sustainable growth by providing high-quality solutions that improve the quality of work and the quality of life for our customers and communities. To reach these goals, we continue to invest 8-10% of our revenues in new and enhanced products each year.