Introducing a New Objective Way to Track and Measure Sustainable Innovation
LexisNexis® PatentSight® makes sustainable-focused innovation identifiable, searchable, and trackable through mapping the global patent system to the UN Sustainable Development Goals
LexisNexis again pioneering to support the United Nations Sustainable Development Goals
Sustainability has always been a critical issue, but now facing pandemic and natural disasters with even-worsening consequences, sustainability has become the central concern for consumers, politicians, researchers, and investors. As a result, there is growing pressure on organizations to take sustainability into account in strategic decisions and their everyday business dealings.
As an active contributor at the United Nations Rule of Law Steering Committee, LexisNexis helped set the UN Sustainable Development Goals (UN SDGs) in motion. Introducing a mapping of global patents to the UN SDGs, LexisNexis Intellectual Property Solutions is the first provider meeting the growing demand from companies for an unbiased sustainability measure, bringing clarity to innovation and inspiring urgent action to meet the planet’s challenges.
With an unprecedented solution, we bring clarity to sustainable innovation
The 17 Sustainable Development Goals are defined in a list of 169 SDG targets. A group of LexisNexis patent search experts objectively mapped technology areas with active patenting activity to the UN Sustainable Development Goals, their targets, and their 231 unique indicators. Searches and search topics for this mapping are based on the goals, indicators and metadata of the individual UN SDGs. In an iterative approach, all underlying searches were reviewed and modified according to their results in regard to SDG compliance before finally being implemented into the LexisNexis® PatentSight® analytics tool.
On-Demand Webinar: How to Track and Measure Sustainable Innovation and Investments
Watch our webinar recording to learn how you can gain an unparalleled view into the global innovation landscape and reveal opportunities in sustainable technology.
Objectively measure and report sustainable innovation with PatentSight® Business Intelligence
There is a clear business case for aligning business models with the SDGs
The SDGs reflect future policy direction:
Governments may introduce regulatory measures to achieve the SDGs by 2030. By aligning their business models with the SDGs, companies stay ahead of the curve and avoid costly penalties like higher taxation.
Investor focus on Environmental, Social, and Governance (ESG) Criteria will drive investments towards companies aligned with the SDGs:
As the SDGs aim to redirect global public and private investment flows towards solving global challenges, companies that address the SDGs will have a competitive advantage.
The SDGs can serve as a road map to identify future business opportunities:
Pursuing the SDGs can help companies unlock new market opportunities.
SDGs support an enabling environment for business success:
This includes the existence of rules-based markets, transparent financial systems, and non-corrupt and well-governed institutions.
The SDGs reflect stakeholder expectations:
Companies that align their priorities with the SDGs can strengthen the engagement of customers, employees, and other stakeholders.