FinanceESGDecember 05, 2022
Wolters Kluwer reaffirms sustainability commitment with multi-country beach clean-up program in Asia
Wolters Kluwer CCH® Tagetik recently completed its first beach clean-up drive in Singapore, as part of the company’s broader sustainability strategy.
Held in partnership with Green Nudge, a Singapore-based social enterprise, the event at Sembawang Beach Park saw employees of CCH® Tagetik Singapore and partner organizations volunteer with their families, collecting as much as 125kg of trash in under three hours. The event highlights the need for action to mitigate the impact of our modern lifestyles on the planet, noted Mahadevan Natarajan, Senior Director, Financial Applications, CCH® Tagetik Asia Pacific, Wolters Kluwer.
“The amount of plastic waste uncovered by a few people in a matter of hours on a single beach is a wake-up call,” said Natarajan. "These numbers help us put things in perspective and better grasp the extent of environmental damage human activities have caused. It is a reminder of the importance of measuring what matters.”
Recognizing that the gravity and magnitude of the problem differ regarding the environmental impact of business operations, CCH® Tagetik offers solutions, such as the CCH® Tagetik ESG & Sustainability Performance Management. Along with aiding compliance, this solution allows organizations to:
- embed environmental, social, and governance (ESG) KPIs into their financial and operational plans
- equip them to manage risk, improve decision-making, and sustainably grow their businesses.
"Being in the business of helping our customers measure the effectiveness of their ESG reporting and initiatives, hands-on experiences like this volunteer beach clean-up drive in Singapore, which is the first of many similar efforts we plan to carry out in other parts of Asia, is significant for us as well as our customers and partners," said Karl Mouantri, General Manager, CCH® Tagetik Asia Pacific, Wolters Kluwer. "It brings us all together around the critical topic of ESG, which matters to us, both professionally and personally.”
While tackling an urgent environmental need, the initiative also addressed the social component of the ESG trifecta, with studies showing a clear link between employees’ mental health and their involvement in conservation efforts such as beach clean-ups.
Natarajan acknowledged the benefits of such initiatives on employee well-being: "The upcoming regulatory changes in reporting what matters and measuring progress towards net zero is a good first step. It will require Wolters Kluwer CCH® Tagetik to assess our business operations' environmental and social impact and put us on the right path to transition. This is an opportunity to prepare for positive change and save the planet.”
While tackling an urgent environmental need, the initiative also addressed the social component of the ESG trifecta, with studies showing a clear link between employees’ mental health and their involvement in conservation efforts such as beach clean-ups.
Natarajan acknowledged the benefits of such initiatives on employee well-being: "The upcoming regulatory changes in reporting what matters and measuring progress towards net zero is a good first step. It will require Wolters Kluwer CCH® Tagetik to assess our business operations' environmental and social impact and put us on the right path to transition. This is an opportunity to prepare for positive change and save the planet.”
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide.