As companies commit to helping meet the United Nations’ Sustainable Development Goals through their core business activities, many are grappling with how to measure sustainability contributions of their IP in the face of a confusing plethora of assessment tools and reporting standards.
For Merck, KGaA, (Darmstadt, Germany) a company that believes in science as a force for good, the ability to make accurate assessments of its social and environmental impact is important. In 2021, the company started to assess the sustainability impact of its intellectual property using LexisNexis® PatentSight®. Building on this, as of the reporting year 2022, it has started disclosing its share of newly published sustainability-related patent families.
Read the full story to find out how Merck KGaA leverages PatentSight® to help achieve their global sustainability goals