LexisNexis Launches New Sustainable Innovation Measurement Framework Enabling Organizations Globally to Objectively Track and Report on Innovation’s Contribution to the United Nations Sustainable Development Goals
Industry-first alignment of patent data to the United Nations Sustainable Development Goals framework revolutionizes sustainable innovation analysis.
NEW YORK, October 12, 2021 — LexisNexis® Legal & Professional is pleased to announce the launch of an innovative extension to its leading Intellectual Property analytics solution, LexisNexis® PatentSight®, that makes sustainable-focused innovation identifiable, searchable, and trackable through mapping the global patent system to the UN Sustainable Development Goals (UN SDGs). This new, objective measure gives organizations globally an unparalleled view into the global innovation landscape while revealing opportunities in sustainable technology.
As organizations face growing pressure to take sustainability aspects into account across strategic, financial and operational decision making, sustainability is emerging as a new major value indicator. Through PatentSight®, global patent data can be harnessed to provide an important new source to objectively measure and track innovation’s contribution to global sustainability.
By mapping advancements in science and technology as expressed through patentable innovation against the UN SDGs (identified as distinct fields fundamental to global prosperity and largely aligned to the ESG agenda), the PatentSight analytics platform provides unprecedented insight into sustainable innovation on a global basis, allowing users to analyze innovation strength across distinct fields of sustainability. This unique proposition enables patent and non-patent experts alike to easily access their field of interest and gain valuable insight, leading to better decision making and reporting on sustainability topics, whether to inform Research & Development (R&D), support investment strategies, enable effective evaluation, or support corporate communication to educate employees, consumers and shareholders.
As an active contributor at the United Nations Rule of Law Steering Committee, LexisNexis helped set the UN SDGs in motion. Introducing a mapping of global patents to the UN SDGs, LexisNexis® Intellectual Property Solutions is the first provider of intellectual property software, data, and consulting solutions meeting the growing demand from corporations, investors, universities, law firms, NGOs, and regulatory bodies for an unbiased sustainability measure.
Commenting on the launch, Andrew Matuch, President of LexisNexis Intellectual Property Solutions, said:
“Sustainable technology development is highly dynamic and competitive; by unlocking patent data as a rich new reference source, LexisNexis is providing the innovation community unparalleled insights into sustainable innovation on a global basis.
“At LexisNexis we are defined by our pioneering approach, and I am proud of our continued advancement of the United Nations Sustainable Development Goals by bringing clarity to innovation and inspiring urgent action to meet the planet’s challenges.”
As part of LexisNexis commitment to sustainable development, the SDG analytics feature is provided without extra charge to LexisNexis® PatentSight® Enterprise users. Find more information here.
About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that helps customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 160 countries with 10,400 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About LexisNexis Intellectual Property Solutions
LexisNexis Intellectual Property Solutions brings clarity to innovation for businesses worldwide. We enable innovators to accomplish more by helping them make informed decisions, be more productive, comply with regulations and ultimately achieve a competitive advantage for their business. Our suite of workflow and analytics solutions (LexisNexis® IP DataDirect, LexisNexis PatentAdvisor®, LexisNexis PatentOptimizer®, LexisNexis® PatentSight® and LexisNexis TotalPatent One®) enables companies to be more efficient and effective at bringing meaningful innovations to our world. We are proud to directly support and serve these innovators in their endeavors to better humankind.
To address the economic, social, and environmental challenges faced by our planet, in 2015 governments around the world defined global priorities and aspirations for the year 2030 in the form of the 17 Sustainable Development Goals (SDGs).
The SDGs set new standards for responsible and forward-looking businesses and markets. They offer companies the opportunity to position themselves, open new business areas and contribute to sustainable development. This also creates new challenges: Companies need to manage their sustainability efforts, track progress and report on their contribution to and compliance with the SDGs to be accountable to investors and customers.
By mapping patent data to the targets and indicators of the UN SDGs and providing patent analytics combined with easy-to-understand visualizations, LexisNexis® PatentSight® can provide transparency and insights into sustainable technological developments to companies, investors, authorities, and regulators. SDG mapped patent data combined with the PatentSight® metrics reveals champions in sustainable technology developments and allows stakeholders a better decision-making process.
United Nations Sustainable Development Goals (SDG):
- SDG 1 – No poverty
- SDG 2 – Zero hunger
- SDG 3 – Good health and well-being
- SDG 4 – Quality education
- SDG 5 – Gender equality
- SDG 6 – Clean water and sanitation
- SDG 7 – Affordable and clean energy
- SDG 8* – Decent work and economic growth
- SDG 9 – Industry, innovation and infrastructure
- SDG 10* – Reduced inequalities
- SDG 11 – Sustainable cities and communities
- SDG 12 – Responsible consumption and production
- SDG 13 – Climate action
- SDG 14 – Life below water
- SDG 15 – Life on land
- SDG 16* – Peace, justice and strong institutions
- SDG 17* – Partnerships for the goals
*SDG 8, 10,16, 17 are not technology-driven
James Gray / Theo Davies-Lewis
Finsbury Glover Hering
[email protected] / [email protected]
+44 (0)20 7251 3801
LexisNexis Intellectual Property Solutions