Pearson’s 2020 Sustainability Plan is a five-year strategy to integrate social and environmental issues into every aspect of the business in order to drive growth and support the United Nations Sustainable Development Goals (SDGs). The plan is centered around three pillars – be a trusted partner; reach more learners; and shape the future of learning – that outline Pearson’s work to: Operate responsibly, create effective products, respect human rights, support people and communities, reduce its impact on the planet, build a sustainable supply chain, and ensure strong governance; Reach more learners by improving access to quality education for learners from all backgrounds; and Play a leading role in ensuring education prepares learners for the challenges and opportunities of the 21st century and creates more inclusive societies. Click Read More below for additional detail.
Sears Holdings has rejected Chairman Eddie Lampert’s bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation, people familiar with the situation told CNBC on Tuesday. Sears, which also owns Kmart, planned to announce its liquidation plans Tuesday morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund, ESL Investments. His offer, however, was deemed insufficient by Sears’ advisors, the people said. One of the biggest unresolved issues was covering the fees and vendor payment it owes, making it “administratively insolvent.” Still, ESL plans to protest Sears’ decision, a person familiar with the situation told CNBC.