The difference from adjusted interest expense primarily reflects the settlement of the interest cost for the early redemption of 2022 bonds for which the accounting charge was taken in 2019. Excluding currency translation effects, net borrowings increased by £673m. We use our convening power to highlight environmental innovation. With the Board acknowledging that in a Covid-19 environment there is more uncertainty around these plans, multiple scenarios were modelled through the process. including broad views on potential timings and implications for diversity in those positions. Colleagues in the UK launched a Simplified Personal Independence Payment form, a digitised version of the UK Government's paper-based form for disability claims. In 2020, Elsevier launched 115 new journals of which over 90% were Gold Open Access, growing the Elsevier portfolio to 500 Gold Open Access journals. We maintain an open dialogue with tax authorities, and are vigilant in ensuring that we comply with current tax legislation. procedures are embedded into the operations of the business and include the monitoring of progress in areas for improvement that come to management and Board attention. New York Aviation information markets are being driven by changes in air traffic and the number of aircraft transactions and the digital transformation of the airline industry. Director of Undergraduate Nursing Education, Caldwell University. The goal is to help London, where we are headquartered, to become a zero carbon city by 2050. Annual Report Our strategy is to create superior, sustainable value for shareholders, in partnership with our stakeholders, by meeting customers’ needs, maximising cash from world-class assets and allocating capital with discipline The pension figures for 2020 and 2019 in the table are reduced by these Total Plan Fees. LexisNexis ThreatMetrix has delivered remarkable product developments that have aligned closely with our internal drive to reduce fraud without impacting good customers. Annual Report. From 1993 to 2002, held a variety of senior finance and M&A roles with Enterprise Oil plc in the UK and US. Chief Executive Officer of Intertek Group plc from 2005 until 2015. In accordance with its Terms of Reference, the remit of the Committee included monitoring and reviewing succession planning for senior management positions within RELX. Nationality: American. Demand for our products and services may be adversely impacted by factors beyond our control, such as the economic environment in, and trading relations between, the United States, Europe and other major economies (including the evolution of the United Kingdom's trading relationship with the European Union), political uncertainties, acts of war and civil unrest as well as levels of government and private funding provided to academic and research institutions. LexisNexis Australia is also an official partner in a landmark inquiry led by the Australian Human Rights Commission into the challenges to human rights and freedoms presented by emerging technologies such as AI, social media, and big data. Our designated Non-Executive Director responsible for workforce engagement, Marike van Lier Lels, met with employee representatives from Europe, US and Asia Pacific during 2020 in order to understand a wide range of employee views. The Board also approved acquisitions to complement our existing fraud prevention services within our Risk business. We expect each of our three largest business areas, STM, Risk and Legal, to deliver another year of underlying revenue and adjusted operating profit growth in 2021, similar to pre-Covid-19 trends. As at 31 December 2020, total shares in issue, net of shares held in treasury and shares held by the Employee Benefit Trust, amounted to 1,926m. TSR over the three-year performance period(2), upper quartile 100%Average growth in adjusted EPS over the three-year performance period (3), 11% p.a. The Statement of Investment Principles for the Reed Elsevier UK pension scheme indicates that environmental, social or governance issues that may have a financial impact on the portfolio or a detrimental effect on the strength of the employer covenant, are taken into account when making investment decisions. As a signatory to the UNGC, we embed its principles, encompassing human rights, labour, environment and anti-corruption in key policies including our Code and our Supplier Code. Reorientation of the time-series analyses for macroeconomics. Engagement with our investors helps them to understand our strategy, performance and governance arrangements, and to make informed and effective investment decisions concerning RELX. Incidence of non-compliance triggers continuous improvement reports summarising audit results, with agreed remediation plans and submission dates. Notwithstanding provision 38 of the Code, the Board viewed it as appropriate that there be a phased transition of existing pension benefits for Executive Directors . Challenging global conditions in the wake of the coronavirus pandemic did not lessen our commitment to corporate responsibility (CR). Our brands include: ICIS, an independent source of data and intelligence for the global chemical and energy markets; Cirium, an aviation and air travel data and analytics company for the wider travel industry; Proagrica, a provider of connectivity solutions, workflow tools and actionable insight for the global agriculture and animal health segment; XpertHR, a compliance and benchmarking business driving global HR topics from pay equality to compliance and HR policies; EG, which delivers data analytics, decision tools and high-value analysis and news for the UK's commercial real estate segment; and Nextens, a provider of workflow solutions, content and analytics for tax professionals. Viewing data by region using the Covid-19 Tracker. accounted for 95% of RELX revenue in 2020, all continued to deliver underlying growth in revenue and in adjusted operating profit. The CEO is a member of a legacy defined benefit scheme and pays increasing participation fees (30% in 2021) and will cease to accrue further benefits under this scheme at the end of 2022. The Board's meeting time is appropriately balanced between business issues and governance, and agendas for its meetings in 2020 had been tailored to respond to the challenges of Covid-19. Notwithstanding this, legal activity and legal information markets are also influenced by economic conditions and corporate activity, as has been seen with the continued subdued environment in North America and Europe. Past appointments: Previously was Chair of the Court of the Bank of England, Whitbread plc, Bunzl plc, Mölnlycke Health Care Limited and Norwich Research Partners LLP and served as Chief Executive of Bunzl plc, Chief Executive of Tootal Group plc and a Director of The Boston Consulting Group. The awards are due to vest in February 2021 and the 2020 figures will be restated in next year's report to reflect actual values at vesting. All of the Committees have written Terms of Reference, which are available on our website. Annual Report 2020 . We are committed to proactive engagement with suppliers to ensure our supply chain reflects the diversity of our communities. Electronic revenue saw good underlying growth of +3%, in line with the prior year. Our most important environmental impact is in the environmental knowledge we disseminate through our content, solutions and events. RELX's key performance indicators (KPIs) track progress against long-term priorities. In Insurance, we continued to drive growth through the roll-out of enhanced analytics, the extension of data sets, and by further expansion in adjacent verticals. Aviation and air travel data and analytics for the world's airlines, airports, aircraft finance, manufacturers, tech giants and travel companies, Data analytics suite with LexisNexis Claims Datafill and LexisNexis Police Records that improves the claims process from first notice of loss, triage, investigation and resolution through recovery, A fraud prevention and identity management platform that seamlessly delivers the broadest of solutions, including the latest in machine learning that adapts to ever changing fraud schemes, simplifying efforts to detect and prevent risks associated with the merging of digital and physical identities, The only data sharing platform in the policing market used for analytics, crime analysis and investigations linking public records to national law enforcement data for a complete picture across jurisdictions, A global agricultural network, empowering customers to be better connected, to make more informed decisions, driving better decisions from seed, to field, to fork, The newly merged Accuity and the Business Services Group offers integrated solutions across KYC, financial crime screening and payments services, providing customers with comprehensive risk management and payment solutions. RELX number one strategic priority is the organic development of increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to professional and business customers across industries. The $25,000 second-prize winner was BlueTap, which has developed a 3D printed chlorine doser to improve access to high-quality drinking water in low-resource settings. The Annual Report includes a reconciliation of adjusted measures to IFRS measures. We also developed the Company Accessibility Maturity Model, a tool to define and measure the maturity and operating best practices of company accessibility endeavors. We continue to dispose of businesses that no longer fit our strategy. The Chair of the Audit Committee reports to the Board on any significant internal control matters arising. For more details, see the 2020 RELX Corporate Responsibility Report. The role and responsibilities of the Committee are set out in written Terms of Reference and are available on the company's website atwww.relx.com. Reed Exhibitions' broad geographical footprint and sector coverage allows it to effectively respond to changes in global trade and capture growth opportunities as they emerge. We are systematically migrating all of our information solutions across RELX towards higher value-add decision tools, adding broader data sets, embedding more sophisticated analytics and leveraging more powerful technology, primarily through organic development. RELX PLC, its subsidiaries, associates and joint ventures are together known as RELX. Tradename D/B/A Expiration Notice view. I would also like to welcome Paul Walker as our new Chair. Our businesses are dependent on the continued demand by our customers for our products and services and the value placed on them. Gross borrowings of £7,123m (2019: £6,414m) are comprised of bank and bond borrowings of £6,848m (2019: £6,072m) and lease liabilities under IFRS 16 of £275m (2019: £342m). Launches will be tightly focused on industries and geographies that are recovering the strongest. The 2020 RELX Emerging Tech Executive Report shows that this number has reached 81%, up from 72% in 2019. They include authors, editors, content reviewers and product designers. During the year, we created and implemented a new programme to obtain feedback from our suppliers on dealing with RELX as their customer or commercial counter party. Elsevier has long invested in all business models to support the preferences of authors and research institutions. Report Financial Statements Helios Towers plc Annual Report and Accounts 2020 Helios Towers plc Annual Report and Accounts 2020. The Group has modelled a number of adverse scenarios, mostly impacting the events business, including a scenario in which events in Europe and North America do not resume until 2022 and that the subsequent recovery of the business is much slower than expected. The Board understands that RELX needs the contributions of people from a wide range of backgrounds, with different experiences and ideas to achieve real innovation for our customers around the world. Our Supplier Code of Conduct requires suppliers to meet the same high standards we set for ourselves. For the Myanmar Supreme Court, LexisNexis South East Asia signed an agreement with the International Commission of Jurists and the Danish Institute of Human Rights to help the Courts publish their commercial judgements online. This was followed by the first-ever MIPIM Urban Forum, where leading public and private sector voices shared their visions of the post-Covid city and the MIPIM Awards which honoured the world's most outstanding real estate projects. Transactional revenue, which represents around 60% of the divisional total, has continued to see improved growth rates in both Business Services and Insurance after a slowdown in March and April. Global technology platforms enable faster and more agile deployment of innovation. We ran physical events in the second half of 2020 in venues that have reopened, but these may close again. Some UK companies in the Rentokil Initial group of companies are required to prepare a s.172 (1) statement in the strategic report of their annual accounts. The approach to the management of treasury risks is described in note 18 to the consolidated financial statements. Our organisational and operational structures depend on. Management information systems have been developed to identify risks and to enable assessment of the effectiveness of the systems of internal control. Our business leverages industry expertise, large data sets and technology to enable our customers to connect face-to-face or digitally and generate billions of dollars of revenues for the economic development of local markets and national economies around the world. The Board took action to ensure that appropriate and cost-effective financial instruments were in place to meet the long-term funding requirements of the Group, as well as to maintain substantial financial covenant headroom across a range of scenarios covering the short- and medium-term impact of Covid-19. na, Kenya, Ethiopia, Bangladesh and Nigeria. We maintain a comprehensive set of compliance policies and procedures in support of the Code reviewed at least annually to ensure they remain current and effective. RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Committee is satisfied that the overall remuneration for Executive Directors is appropriate and fair having considered external and internal relativities. The successful deployment of AI and ML techniques starts with a deep understanding of customer needs and leverages the breadth and depth of our data sets, coupled with the expertise and domain knowledge to discern which AI/ML algorithm to use, in what context, to solve our customers' business problems most effectively. It combines industry expertise with data and digital tools to help customers connect digitally and face-to-face, learn about markets, source products and complete transactions. As a result of its deliberations, the Board declared an 2020 interim dividend of 13.6p per share (unchanged from the 2019 interim dividend rate), a final dividend of 33.4p per share, and suspended the Group's share buyback programme, having completed £150m of the £400m initially approved at the beginning of 2020. The terms "outlook", "estimate", "forecast", "project", "plan", "intend", "expect", "should", "will", "believe", "trends" and similar expressions may indicate a forward-looking statement. RELX Annual report and financial statements 2020 | Legal. In the year, with input from the customer insight leads across our business, we mapped our customer satisfaction measures to establish a RELX-wide customer satisfaction metric. We expect increased regional and country level demand for data consortia and compliance utilities to continue. By advanced in-person training for higher risk roles 17 RELX SDG Inspiration Day which took virtually. 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