Relx holds investor day focused on CR Yesterday Relx management held a 2h investor seminar showcasing Relx achievements in Corporate Responsibility. Relx has been rated AAA in MSCI ESG rankings since 2016, it is rated in the Top 1% of 12,000 companies according to Sustainanalytics and ranks 3rd of all FTSE100 companies according to Responsibility100 Index. Management claims its leadership in CR provides a competitive advantage, improves client relationships and helps attract key talents. Corporate Responsibility in focus since 2003 CR has been a focus of Relx since it signed the UN Global Impact in 2003. The CR function was created 15 years ago and its activity has increased ever since. In 2017, the group launched the Relx SDG Resource Centre, a website offering SDG resources and news to a global audience of over 90k unique users. Elsevier, RBA and LandP showcase CR contribution Through the seminar, management pointed to how Elsevier helps improve global health, not least through enabling the free downloading of Covid 19 materials over 245m times since January 2020. It showed how RBA helps reduce cybercrime, ID theft and improve financial inclusion through the provision of alternative credit data. The LandP CEO showed how LexisNexis supports the rule of law, helps protect US civil rights - including through the launch of a US police misconduct litigation analytics on over 60k cases - and helps broaden access to justice in developing countries - including through the launch of a mobile court in the jungle of Borneo. Investment case unchanged This seminar reinforces the view that Relx is a global leader in corporate responsibility. Consensus forecasts are unlikely to move and our investment case remains unchanged. We remain Neutral on the stock but see some short-term support as the shares benefits from the ESG focus.