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Our Targets and KPIs | Pearson plc
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js-banner-slide-wrapper"> <div class="container"> <div class="container-banner-text-variation"> <h2 class="heading h2 text-size-h1-large mb-20"> Our targets and KPIs </h2> <div class="text text-size-h5 mb-20"> As we implement our new strategy for growth, we are also aligning the goals we set and the way we measure our progress. </div> <div data-layout-content-preview-placeholder-label=""Banner Body" block" data-block-plugin-id="empty_brick_block"> </div> </div> </div> </div> </div> </div> </div> </div> </div></div></div> </div> </div> </div> </div> </div> <div class="layout-content"> <div class='layout-page-right-sidebar'> <div class="layout-content-tab-links"> <p class="rightNavTitle">On this page</p> <ul> <li class="right-link"> <a href="javascript:void(0)" attr-ct="component-entity-41832"> Financial measures </a> <span class="verticalLine"></span> </li> <li class="right-link"> <a href="javascript:void(0)" attr-ct="component-entity-41935"> Non-financial measures </a> <span 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data-block-plugin-id="system_main_block"> <article data-history-node-id="2266" role="article" about="/en-GB/company/our-targets-kpis"> <div> <div class="layout-remove-top-space layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-8 offset-sm-2"> <div data-layout-content-preview-placeholder-label=""as we implement" block" data-block-plugin-id="brick_block:brick:7627ea25-17d8-4418-bbb1-1a6104f20ed0"> <div id="component-entity-41823"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <p class="intro-text">As we implement our new strategy for growth, we are also aligning the goals we set and the way we measure our progress.</p> <p>Our reporting is structured around two overarching areas of focus:</p> <ul> <li>Financial measures</li> <li>Non-financial measures</li> </ul> <p>They are used to measure our progress to help us to meet our purpose – to add life to a lifetime of learning.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-bottom-space mb-0 layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-8 offset-sm-2"> <div data-layout-content-preview-placeholder-label=""Financial measures" block" data-block-plugin-id="brick_block:brick:6b54c3d1-73d9-4b71-9471-590f0fff98f0"> <div id="component-entity-41832"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <h2 class="text-align-center">Financial Measures 2023</h2> <p class="intro-text text-align-center">We’re maintaining our focus on growth, profitability and cash generation, and as such, our financial KPIs remain largely unchanged, with the addition of ROC.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="mtb-0 layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""yellow-feyfacts" block" data-block-plugin-id="brick_block:brick:ec6ac122-04fa-4c91-be48-8ed81a022b73"> <div id="component-entity-75367"> <div class="four-column "> <div > <div class="organism xs-center"> <div class="col-sm-12"> </div> <div class="col-sm-12"> <div class="d-xs-flex width-full xs-column sm-row key-facts-items"> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£3,</span> <span class="js-key-facts-counter" data-end-val="674" data-duration="1500">674</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Sales </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£</span> <span class="js-key-facts-counter" data-end-val="573" data-duration="1500">573</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Adjusted operating profit </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£</span> <span class="js-key-facts-counter" data-end-val="498" data-duration="1500">498</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Operating profit </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£</span> <span class="js-key-facts-counter" data-end-val="380" data-duration="1500">380</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Operating cash flow </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-space mtb-0 layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""sign post key facts" block" data-block-plugin-id="brick_block:brick:ec648c2f-986c-4514-8202-29c94fa1922d"> <div id="component-entity-41891"> <div class="four-column "> <div > <div class="organism xs-center"> <div class="col-sm-12"> </div> <div class="col-sm-12"> <div class="d-xs-flex width-full xs-column sm-row key-facts-items"> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£</span> <span class="js-key-facts-counter" data-end-val="380" data-duration="1500">380</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Profit for the year </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix"> £</span> <span class="js-key-facts-counter" data-end-val="387" data-duration="1500">387</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Free cash flow </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="key-facts-prefix">£</span> <span class="js-key-facts-counter" data-end-val="682" data-duration="1500">682</span> <span class="key-facts-suffix">m</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Net cash generated from operations </div> </div> </div> </div> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="js-key-facts-counter" data-end-val="58.2" data-duration="1500">58.2</span> <span class="key-facts-suffix">p</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Adjusted earnings per share </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-space layout-flexible container kpi-key-facts"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-6 offset-sm-3"> <div data-layout-content-preview-placeholder-label=""sign post key facts 3" block" data-block-plugin-id="brick_block:brick:3854dcf7-c158-4cc7-bc75-103fd2dd166d"> <div id="component-entity-77653"> <div class="two-column left-img-icon"> <div > <div class="organism xs-center"> <div class="col-sm-12"> </div> <div class="col-sm-12"> <div class="d-xs-flex width-full xs-column sm-row key-facts-items"> <div class="component-type--sign-post-key-facts key-fact-without-arrow key-facts-item-wrapper"> <div class="key-facts-item"> <div class="key-facts-counter font-primary-bold fact-figures"> <span class="js-key-facts-counter" data-end-val="53.1" data-duration="1500">53.1</span> <span class="key-facts-suffix">p</span> </div> <div data-layout-content-preview-placeholder-label=""Facts Heading" block" data-block-plugin-id="entity_field:brick:field_key_facts_heading"> <div class="text color-monochrome-2 mt-20 fact-heading"> Basic earnings per share </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-space layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""text link" block" data-block-plugin-id="brick_block:brick:73c54080-381e-450b-b09f-bca2e56c9b91"> <div id="component-entity-86932"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <p class="text-align-center"><a href="/sites/pearson-corp/files/pearson/out%20target%20kpi/financial-statements.pdf">Click here to know more about the financial information.</a></p> <style type="text/css">@media screen and (min-width: 768px) { .kpi-key-facts .offset-sm-3{ margin-left: 40%; } } </style> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-bottom-space mt-0 layout-flexible container-fluid no-gutters"> <div class="row no-gutters"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Non-financial measures" block" data-block-plugin-id="brick_block:brick:40ceaab3-d376-4afd-8b23-84ffacc10082"> <div id="component-entity-41935"> <div id="technology-content-section-41935" class="component-type--home-section-technology-content nograd fld-image-technology-content-wrap fld-technology-content-wrap"> <div class="img-technology-content"> <img src="/sites/pearson-corp/files/pearson/out%20target%20kpi/non-finmeasueres-pagebreaker.jpg" alt="decorative img"/> </div> <div class="technology-content-wrap"> <div class="technology-content desc-technology-content-elements"> <div class="technology-content-title"> </div> <div class="technology-content-description"> <h2 class="text-align-center">Non-Financial Measures</h2> <p class="text-align-center">Our new non-financial KPIs focus on investing in our talent, building an inclusive culture that improves diverse representation and accelerating our sustainability strategy.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-space layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Measuring Our Success – Strategic KPIs" block" data-block-plugin-id="brick_block:brick:11456d17-f4ae-4a25-bfaf-756b3798de7c"> <div id="component-entity-72999"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <div class="text color-primary-1"> <h3 class="text-align-center">Measuring Our Success – Strategic KPIs</h3> <p class="text-align-center">Enabling sustainable growth, driving shareholder value and contributing to a more equitable world</p> <p class="text-align-center">Here’s a snapshot of non-financial measures from FY 2023</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""key fact" block" data-block-plugin-id="brick_block:brick:4d366e4a-d96d-4f4f-a842-0a4d3c45011f"> <div id="component-entity-89131"> <div class="three-column three-col-wrapper-fw"> <div id="strategy-content-list-89131" class="component-type--home-section-key-facts-main fld-key-fact-wrap"> <div class="fld-key-fact-elements"> <div class="fld-key-fact-item"> <div id="strategy-content-list-89130" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/our-kpi/Digital-Growth.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-title"> Digital Growth </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-89132" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/our-kpi/ConsumerEngagement.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-title"> Consumer Engagement </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-89133" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/our-kpi/ProductEffectiveness.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-title"> Product Effectiveness </div> </div> </div> </div> </div> </div> </div> </div> </div> <div data-layout-content-preview-placeholder-label=""Ket fect 2" block" data-block-plugin-id="brick_block:brick:6bc642af-6642-41e4-8a97-15945b5365bf"> <div id="component-entity-89138"> <div class="two-column "> <div id="strategy-content-list-89138" class="pt-40 component-type--home-section-key-facts-main fld-key-fact-wrap"> <div class="fld-key-fact-elements"> <div class="fld-key-fact-item"> <div id="strategy-content-list-89136" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/our-kpi/EngagementandInclusionnew.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-title"> Culture of Engagement and Inclusion </div> </div> </div> </div> <div class="fld-key-fact-item"> <div id="strategy-content-list-89137" class="component-type--home-section-key-facts-item wrap-facts-items"> <div class="text key-fact-item-image"> <img src="/sites/pearson-corp/files/our-kpi/SustainabilityStrategynew.png" class="component-type--home-section-key-facts-item" alt="" /> </div> <div class="key-fact-content--wrapp"> <div class="text key-fact-item-title"> Sustainability Strategy </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-remove-top-space layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Measuring Our Success – Strategic KPIs" block" data-block-plugin-id="brick_block:brick:a4b79164-da91-40e2-8658-07208f0fa521"> <div id="component-entity-42020"> <div class="component-type--configurable-text"> <div > <div class="col-sm-12"> <h2 class="heading h2 color-monochrome-2 mb-20"> Measuring Our Success – Strategic KPIs </h2> <div class="text color-primary-1"> <p class="intro-text"> </p> <div class="scroll-table-container"> <table class="basic-table" width="100%"> <thead> <tr> <th>KPI</th> <th>Objective</th> <th>KPI Measure</th> <th>KPI Measure Definition</th> <th>2023 Actual</th> <th>2022 Actual</th> </tr> </thead> <tbody> <tr> <td rowspan="5" style="vertical-align: top;"><strong>Digital Growth</strong></td> <td rowspan="5" style="vertical-align: top;">Drive digital revenue growth</td> <td>Underlying growth in Group digital and digital-enabled sales</td> <td>Digital sales are defined as products and services delivered in purely digital form (e.g. Virtual Learning, Mylab, Revel, Mastering). Digitally enabled sales are defined as products and services that combine the digital and physical worlds (e.g. Pearson VUE, School Assessments and Qualifications, PTE).</td> <td>8%<span style="font-size: 12.5px;">*</span></td> <td>9%</td> </tr> <tr> <td>Partner Schools US enrolments**</td> <td>Number of government-funded student enrolments at partner schools within the US as of 30 September. Excludes district partnerships and Pearson Online Academy.</td> <td>100k</td> <td>105k</td> </tr> <tr> <td>OnVUE volumes</td> <td>Number of exams administered via OnVUE.</td> <td>2.7m</td> <td>3.0m</td> </tr> <tr> <td>Higher Ed US digital subscriptions^</td> <td>Paid registrations initiated during the time period for MyLabs, Mastering, Revel, plus the number of eText units bought (including Pearson+)</td> <td>9.6m</td> <td> </td> </tr> <tr> <td>PTE volume</td> <td>PTE tests administered during the time period in question.</td> <td>1,231k</td> <td>827k</td> </tr> <tr> <td rowspan="5" style="vertical-align: top;"><strong>Consumer Engagement</strong></td> <td rowspan="5" style="vertical-align: top;">Create engaging and personalised consumer experiences</td> <td>NPS for Connections Academy</td> <td>One NPS survey is distributed to the assigned caretaker of each student in January to March each year (the same parent could fill out multiple surveys if they have multiple students enrolled).</td> <td>+67</td> <td>+67</td> </tr> <tr> <td>NPS for PTE</td> <td>PTE test-takers who achieve their desired score are sent a standard NPS survey after they get their score.</td> <td>+55</td> <td>+52</td> </tr> <tr> <td>Pearson+ registered users</td> <td>Pearson+ registered users represent the number of unique user accounts added over an academic year.</td> <td>3.03m</td> <td>2.83m</td> </tr> <tr> <td>Mondly paid subscriptions</td> <td>Users who have any current paid subscription, both business to consumer and business to business at point in time of reporting.</td> <td>432k</td> <td>446k</td> </tr> <tr> <td>Workforce Skills new registered users</td> <td>Currently only measures Credly registered users. This captures the net new individuals holding a Credly account calculated on a trailing 12- month basis.</td> <td>5.3m</td> <td>4.7m</td> </tr> <tr> <td rowspan="6" style="vertical-align: top;"><strong>Product Effectiveness</strong></td> <td rowspan="6" style="vertical-align: top;">Improve the effectiveness of our products to deliver better outcomes</td> <td>PTE speed of score return</td> <td>The time from the end of the test to when the score is sent to the test- taker. The KPI captures the average speed across all tests.</td> <td>1.0 days</td> <td>1.3 days</td> </tr> <tr> <td>VUE test volumes</td> <td>Total exams delivered (including unfinished tests) across VUE test centre, OnVUE, and third-party partners. VUE test volumes include GED test and PTE test volumes.</td> <td>20.7m</td> <td>19.4m</td> </tr> <tr> <td>VUE Partner retention</td> <td>This is the value of contracts renewed each year, divided by the value of renewals plus the value of contracts lost.</td> <td>93.6%</td> <td>99.9%</td> </tr> <tr> <td>Workforce Skills number of enterprise customers</td> <td>Total enterprise customers for Workforce Skills, calculated as cumulative enterprise customers in Credly, Faethm, GED, Accelerated Pathways and TalentLens</td> <td>1,547</td> <td>1,503</td> </tr> <tr> <td>Credly enterprise customer net retention rate^^</td> <td>This metric states Annual Recurring Revenue (ARR) in the current FY as a percentage of the ARR from the previous FY.</td> <td>88%</td> <td> </td> </tr> <tr> <td>Higher Education product usage – text units</td> <td> <p class="MsoBodyText" style="margin-right:1.2pt;text-indent:.1pt;line-height: 148%">The number of text units sold or rented through any US channel in the given time period. Relevant products are Pearson+, standalone print, print rental, and ebooks (through 3rd party channels).</p> </td> <td>4.5m</td> <td>4.8m</td> </tr> <tr> <td rowspan="5" style="vertical-align: top;"><strong>Culture of Engagement & Inclusion</strong></td> <td rowspan="5" style="vertical-align: top;">Build a culture of engagement and inclusion where diverse talent is heard, invested in and valued for their strengths and skills</td> <td> <p>Employee engagement</p> <p>Pearson uses the Gallup Q12 survey to measure engagement, annually</p> </td> <td>Grand mean score across Employee Engagement Survey, based on a 5-point Likert Scale.</td> <td>4.09 GrandMean on a 5 point Likert scale</td> <td>3.96 GrandMean on a 5 point Likert scale</td> </tr> <tr> <td rowspan="2"> <p>Investing in diverse talent</p> <p>The % of responses who agree or strongly agree to Gallup Q12 survey questions.</p> </td> <td rowspan="2">Percentage of employees who responded 'agree' and 'strongly agree' on the Employee Engagement Survey to two survey questions 1) having had conversations about their progress, and 2) having had opportunities for learning and growth.</td> <td>In the last six months, someone at work has talked to me about my progress = 73%</td> <td>In the last six months, someone at work has talked to me about my progress = 67%</td> </tr> <tr> <td>This last year, I have had opportunities at work to learn and grow = 76%</td> <td>This last year, I have had opportunities at work to learn and grow = 72%</td> </tr> <tr> <td> <p>Culture of Inclusion Index</p> <p>The GrandMean of 3 Gallup Q12 survey questions:</p> <p>- At work, I am treated with respect<br /> - My company is committed to building the strengths of each employee - If I raised a concern about ethics and integrity, I am confident my employer would do what is right</p> </td> <td>Grand mean score across Inclusion Index questions within Employee Engagement Survey, based on a 5-point Likert Scale.</td> <td>4.21 GrandMean on a 5 point Likert scale</td> <td>4.12 GrandMean on a 5 point Likert scale </td> </tr> <tr> <td> <p>Increasing diverse talent***</p> <p>Objective: Increase BIPOC / BAME representation at all manager levels and maintain overall gender parity</p> </td> <td> </td> <td>Representation of BIPOC/BAME employees at Manager level and above = 22.0%</td> <td>Representation of BIPOC/BAME employees at Manager level and above = 20.7% </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <!-- <td> </td> --> <td> </td> <td>Global % of female employees = 59.1%</td> <td>Global % of female employees = 59.0%</td> </tr> <tr> <td rowspan="4"><strong>Sustainability Strategy</strong></td> <td rowspan="4">Achieve net zero carbon by 2030</td> <td>Reduction in total tCO2e</td> <td>Percentage reduction of GHG emissions (Scope 1, 2 and 3) against a 2018 baseline. Emissions are calculated or estimated In line with the GHG Protocol Corporate Accounting and Reporting Standard (revised edition) and best practices</td> <td>16% reduction vs 2022</td> <td>3% reduction vs 2021</td> </tr> <tr> </tr> <tr> </tr> <tr> </tr> </tbody> </table> </div> <p class="footnote">* Excluding OPM and Strategic Review businesses. </p> <p class="footnote">** Measure definition has changed to number of government-funded student enrolments at partner schools within the US as of 30 September. Excludes private-pay students at Pearson Online Academy and district partnerships. This is more closely aligned to business processes.</p> <p class="footnote">*** Previously reported ‘Increasing diverse talent’ metrics retired and new strategic remuneration measures incorporated. </p> <p class="footnote">**** The net emissions reduction figures have been assured by an independent third-party, SLR Consulting Ltd. Corporate Citizenship % reduction in total tCO2e above is calculated using a location-based methodology. Within the 2023 number, 4% is due to portfolio changes. These will be removed following the normal rebasing exercise in 2024.</p> <p class="footnote">^ KPI update from ‘registrations’ to ‘subscriptions’.</p> <p class="footnote">^^ Methodology change to only include Credly customer retention (previously reporting combined Credly and Faethm)</p> <style type="text/css">.basic-table tr td { vertical-align: top; } </style> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="layout-flexible container"> <div class="row"> <div class="layout__region layout__region--column_1 col-sm-12"> <div data-layout-content-preview-placeholder-label=""Our sustainable business strategy" block" data-block-plugin-id="brick_block:brick:6a059dab-19a9-4e3d-b77c-3a119326bb96"> <div class="component-type--featured-content"> <div id="component-entity-77777" class="feature-content white featured-content-video-img--wrapper "> <div class="organism card card--v2 scalable-media fe-section-reverse-row"> <div class="col-md-6 col-sm-6 col-xs-12 featuredimageblock"> <div class="media image_box"> <div data-layout-content-preview-placeholder-label=""Featured Image" block" data-block-plugin-id="entity_field:brick:field_fc_image"> <img src="/sites/pearson-corp/files/pearson/dummy/our-sustainable.png" width="569" height="569" alt="our sustainable" loading="lazy" typeof="foaf:Image" /> </div> </div> </div> <div class="cust-featured-content col-md-5 col-sm-5 offset-md-1 offset-sm-1 col-xs-12"> <div class="sticker"> </div> <div class="description xs-center background-color-monochrome-1"> <div data-layout-content-preview-placeholder-label=""Featured content title" block" data-block-plugin-id="entity_field:brick:field_featured_content_title"> <h2 class="heading h2"> Our Sustainable Business Strategy </h2> </div> <div data-layout-content-preview-placeholder-label=""Description" block" data-block-plugin-id="entity_field:brick:field_fc_description"> <div class="text"> The latest step in the evolution of our sustainable business strategy is to introduce three pillars that represent the environmental, social and governance (ESG) areas which Pearson can make the biggest positive impact. </div> </div> <div data-layout-content-preview-placeholder-label=""CTA Link" block" data-block-plugin-id="entity_field:brick:field_cta_link"> <a class="button--primary button-primary" href="/en-GB/sustainability/sustainable-business-strategy" aria-label="Explore the plan"> <span> Explore the plan </span> </a> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </article> </div> <div id="block-tempcss-2" data-block-plugin-id="block_content:f6eb4d83-1a77-4273-b590-2ed1a0e06d8e"> <style type="text/css">/**/ /* 12apr start */ .feature-tabs-content:after {opacity:1 !important;} body .board-of-directors .board-card.card--v1.isActive_a .description:before {background:#ae367e;} .our-sustainable-color > .row > .col-sm-4:nth-child(1) .image-content-list-item:hover .image-content::before {border-color:#12b8ae !important;} 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x="0" y="17">ANNUAL REPORT</tspan></text><path d="M197.551 32.29a.585.585 0 01-.849.053.642.642 0 01-.05-.883l2.695-3.159L184.5 28.3v-1.4l14.833.001-2.695-3.377a.644.644 0 01.002-.8l.077-.08a.586.586 0 01.847.082l3.936 4.934z"/></g></g></symbol><symbol id="icon-ui-cta-text-link" viewBox="0 0 77 24"><g fill="#FFF" fill-rule="evenodd"><text font-family="OpenSans-Bold, Open Sans" font-size="16" font-weight="bold" letter-spacing="1"><tspan x="0" y="17">PLAY</tspan></text><path d="M0 0l14.824 8.4L0 16.8V0zm1.588 2.649V14.15L11.736 8.4 1.588 2.649z" transform="translate(61.118 4)"/></g></symbol><symbol id="icon-ui-icon-glyph-download" viewBox="0 0 18 18"><path d="M13.29 9.551c.258-.22.282-.6.053-.849a.642.642 0 00-.883-.05l-3.404 2.904V.5H7.944l.001 10.868-3.421-2.73a.644.644 0 00-.8.002l-.08.077a.586.586 0 00.082.847L8.66 13.5zM14 16H3v1h11v-1z" fill="#00799B" fill-rule="evenodd"/></symbol><symbol id="icon-video-play-active" viewBox="0 0 17 18"><path d="M2 1l14 8.4-14 8.4V1zm1.5 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