IntechOpen Releases ESG Due Diligence Report
December 30, 2022
Sustainability is at the heart of how IntechOpen operates. Together with our ongoing commitment to increase awareness, publish and promote scientific research in support of the UN Sustainable Development Goals, IntechOpen is actively implementing Environmental, Social, and Governance principles into its operations and has completed a comprehensive ESG Due Diligence. The Due Diligence has been carried out with the professional guidance of sustainability experts from VentureXchange Ltd.
The ESG Due Diligence report was prepared in accordance with multiple standards, frameworks, and guidelines. The initial ESG due diligence screening was performed following the Invest Europe ESG Due Diligence Guidelines and Questionnaire. The in-depth ESG due diligence used ESG KPIs recommended by the ESG Data Convergence Initiative, spearheaded by the Institutional Limited Partners Association (ILPA). The materiality assessment was conducted with reference to the Global Reporting Initiative (GRI) and recommended sector-specific key performance indicators (KPIs) by the Sustainability Accounting Standards Board (SASB) guidelines. The carbon footprint was calculated using the GHG Protocol Standards, including the GHG Protocol Corporate Accounting and Reporting Standard (by the GHG Protocol) and the Global GHG Accounting and Reporting Standard for the Financial Industry (a joint initiative of the Partnership for Carbon Accounting Financials - PCAF and the GHG Protocol). The United Nations Sustainable Development Goals (SDGs) and the ten principles governing the UN Sustainable Development Goals Publishers Compact were used to evaluate and define the sustainability objectives of IntechOpen.
The final report highlights the current ESG performance and remarkable efforts of IntechOpen, and it also introduces additional, specific ESG KPIs relevant to IntechOpen business. In line with the findings, IntechOpen has developed a comprehensive action plan to enhance its ESG performance and to keep track of its improvement towards the internally set sustainability goals.
A whitepaper summary of the comprehensive ESG Due Diligence Report with the most relevant findings and highlights is available here.
IntechOpen will continue to work in accordance with established and purposeful sustainability targets in all aspects of its publishing business and operations.