Corporate responsibility and stakeholders A RELX Group case study
Page 2: Internal stakeholders
RELX Group’s internal stakeholders include investors or shareholders and employees. They have a range of interests in the different parts of the company and its activities.
Investors Investors take a financial stake in the company by purchasing shares. They look for the best return on their investment in the form of a share of the profits. CR strategies make the business attractive to investors and improves its share value. Regular engagement helps investors understand CR issues affecting the business and how they can be addressed. Throughout the year we complete investor surveys on our CR activities and receive recognition for the way we conduct our business.
Employees At RELX Group, we want to attract, retain and develop the best people. To do this we must create a fair, challenging, rewarding and supportive work environment where they can achieve their potential.
We give our employees the opportunity to influence corporate responsibility by involving them in CR-related networks including among others: the Accessibility Working group; CR as a Sales Tool Working Group; Diversity and Inclusion Advisory Group and Working Group; Editorial Policy Working Group; Environmental Champions Network; and Rule of Law Working Group.
We are committed to building a workforce that reflects the diversity of our customers and communities. As part of this commitment, our CEO Erik Engstrom signed the Women’s Empowerment Principles, a joint initiative of UN Global Compact and UN Women, which provides guidance to business on promoting gender equality and how to empower women in the workplace, marketplace and community. Another way we promote inclusion is through Employee Resource Groups (ERGs), which allow diversity to be expressed in meaningful ways. They are independent, voluntary networks of employees who share common interests. The groups help drive diversity initiatives, community involvement and promote career development through mentoring, workshops, leadership speakers and external networking. For example, the Elsevier Women’s Network, which has over 550 members in 12 active chapters, held events covering team development and emotional intelligence, innovation, gender-balanced leadership, work-life balance, and managing stress and complexity. They also held networking workshops and engaged in community outreach.
RELX Group | Corporate responsibility and stakeholders