Pearson's scale and our commitment to learning means we have to take care of much more than producing good products, serving customers well and generating strong growth. We're determined to do all those things, but we have wider responsibilities. We play a part in educating children, making the news and informing the public debate. That means we occupy a privileged position in society and we aim to earn (and constantly re-earn) commercial success and public trust. We don't believe those are conflicting goals; in fact one thing we've learned through Pearson's rich history is that you can't have one without the other.

The idea of 'corporate responsibility' or 'corporate citizenship' isn't new to any part of Pearson. When asked what he was most proud of, Penguin founder Allen Lane said: "The fact that we are regarded as possibly the greatest popular educators in our generation." And the Financial Times set out its stall as long ago as 1888, declaring itself: "The friend of the honest financier, the bona fide investor, the respectable broker, the genuine director, the legitimate speculator. The enemy of the closed stock exchange, the unprincipled promoter, the company wrecker, the guinea pig, the bull, the bear, the gambling operator."

So, for many years the notion of responsibility has been at the core of our business. Inside Pearson we express that in three values: brave, imaginative and decent. We're proud that our record has been recognised with many awards and quality standards for responsible business; but at the same time we are determined that we should keep on learning and improving.