Springer Nature Explained

Springer Nature
Type:Privately held Kommanditgesellschaft auf Aktien with an as general partner
Industry:Publishing
Predecessors:-->
Successors:-->
Founders:-->
Hq Location:London (global)
Berlin (corporate)
New York City (sales)
Area Served:Worldwide
Key People:Frank Vrancken Peeters (CEO)
Num Employees:10,000
Num Employees Year:2019
Revenue:US$ 2.1 billion
Revenue Year:2022

Springer Nature or the Springer Nature Group[1] [2] is a German-British academic publishing company created by the May 2015 merger of Springer Science+Business Media and Holtzbrinck Publishing Group's Nature Publishing Group, Palgrave Macmillan, and Macmillan Education.[3]

History

The company originates from several journals and publishing houses, notably Springer-Verlag, which was founded in 1842 by Julius Springer in Berlin[4] (the grandfather of Bernhard Springer who founded Springer Publishing in 1950 in New York),[5] Nature Publishing Group which has published Nature since 1869,[6] and Macmillan Education, which goes back to Macmillan Publishers founded in 1843.[7]

Springer Nature was formed in 2015 by the merger of Nature Publishing Group, Palgrave Macmillan, and Macmillan Education (held by Holtzbrinck Publishing Group) with Springer Science+Business Media (held by BC Partners). Plans for the merger were first announced on 15 January 2015.[8] The transaction was concluded in May 2015 with Holtzbrinck having the majority 53% share.[9]

IPO attempts in May 2018 and Autumn 2020[10] were unfruitful due to unfavorable market conditions.[11] [12]

In 2021, Springer Nature acquired Atlantis Press, an open access publisher founded in Paris in 2006, focusing on scientific, technical, and medical (STM) content, and publication of conference proceedings.[13] [14]

Current company

After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature.[15] When he retired by the end of 2017, he was succeeded by Daniel Ropers,[16] the co-founder and long-time CEO of bol.com.[17] In September 2019, Ropers was replaced by Frank Vrancken Peeters.[18] [19]

The company is releasing several Policies & Reports,[20] including a Modern Slavery Act statement, a Tax strategy, and a gender pay gap report for Springer Nature's UK operations.[21] [22]

Springer Nature is a signatory of the SDG Publishers Compact,[23] [24] and has taken steps to support the achievement of the Sustainable Development Goals (SDGs) in the publishing industry.[25] [26] [27] These include becoming carbon neutral as of 2020,[26] organizing its publications into 17 SDG-related content hubs,[28] [29] and launching thematic journals such as Nature Climate Change, Nature Energy, Nature Sustainability,[30] Nature Food, Nature Human Behaviour, Nature Water and Nature Cities (appearing 2024).[31] In 2014, the Nature Portfolio series of themed online journals was launched.[32]

Springer's journal Environment, Development, and Sustainability was one of six out of 100 journals to receive the highest possible "Five Wheel" impact rating[33] from the SDG Impact Intensity™ journal rating system, based on an analysis of data from 2016-2020 that assessed relevance to the Sustainable Development Goals (SDGs).[34] [35]

Brands

The following major brands belong to the group (see also Subsidiaries):[36]

Controversies

In 2017, the company agreed to block access to hundreds of articles on its Chinese site, cutting off access to articles related to Tibet, Taiwan, and China's political elite.[38] [39]

The company retracted a paper in 2019, in its journal BMC Emergency Medicine due to a dubious peer-review process (a herpetologist could have denied the publication of the paper).[40]

In August 2020, Springer Nature was reported to have rejected the publication of an article at the behest of its co-publisher, Wenzhou Medical University, from a Taiwanese doctor because the word "China" was not placed after "Taiwan".[41] [42]

In July 2020, Springer Nature retracted a paper in the journal Society due to a dubious review process and criticism regarding racism.[43]

In November 2021, Springer Nature retracted 44 nonsense papers from the Arabian Journal of Geosciences after a lapse in the peer review process.[44] [45]

In August 2023, after an investigation, Springer Nature retracted a paper that claimed there is no evidence of a global climate crisis.

See also

References

  1. Web site: Über uns: Presse . de . 2021-03-09 . Springer Nature Group.
  2. Web site: Türen für Entdeckungen Öffnen . de . 2021-03-08 . Springer Nature Group.
  3. Web site: Springer Nature created following merger completion . 6 May 2015 . Springer.
  4. Web site: Springer celebrates 175 years since its founding . KnowledgeSpeak.com . 11 May 2017 . April 6, 2018 . 28 November 2018 . https://web.archive.org/web/20181128003621/http://www.knowledgespeak.com/newsArchieveviewdtl.asp?pickUpBatch=3187 . dead .
  5. Web site: Do you mean Springer, Springer or Springer? . 2014 . Springer.com . https://web.archive.org/web/20161227145959/http://www.springer.com:80/gp/about-springer/company-information/know-your-springer/do-you-mean-springer-springer-or-springer-/18482 . 27 December 2016 . dead.
  6. Web site: Nature . Phys.org . April 6, 2018.
  7. Web site: About Us Springer Nature Corporate Affairs Homepage Springer Nature. 2021-03-09. group.springernature.com.
  8. Web site: 15 January 2015. Nature publisher to merge with Springer. April 6, 2018. Times Higher Education.
  9. News: Caroline Carpenter. May 6, 2015. Completed merger forms 'Springer Nature'. The Bookseller. July 8, 2015.
  10. News: 2020-09-04. Springer Nature Said to Kick Off 1 Billion-Euro IPO This Month. en. Bloomberg.com. 2021-03-08.
  11. News: Schuetze. Arno. 2018-05-08. Weak demand forces Springer Nature to cancel $3.2 billion float at last minute. en. Reuters. 2021-03-08.
  12. News: Benjamin Robertson, Ruth David, Jan-Henrik Foerster. 3 October 2020. Europe IPO Revival Peters Out as Year's Top German Deal Delayed. Bloomberg.
  13. Web site: About Atlantis Press . Atlantis Press . February 5, 2023.
  14. Web site: Springer Nature Acquires Paris' Open Access Atlantis Pres . March 11, 2021 . Porter . Anderson . Publishing Perspectives.
  15. Web site: Derk J Haank, Springer Science+Business: Profile and Biography. 2021-03-08. Bloomberg.com. en.
  16. Web site: Derk Haank, Chief Executive Officer to retire and to be succeeded by Daniel Ropers. 2021-03-08. www.springer.com. en.
  17. Web site: Bol.com's Ropers to take Haank's role at Springer Nature . 6 May 2015 . The Bookseller.
  18. Web site: Executive Team Corporate Affairs Homepage Springer Nature. 2021-03-08. group.springernature.com.
  19. Web site: Springer Nature Announces CEO Succession: Frank Vrancken Peeters appointed Chief Executive Officer. Daniel Ropers to step down. | Corporate Affairs Homepage | Springer Nature. group.springernature.com.
  20. Web site: Policies, Reports and Acts Springer Nature Corporate Affairs Homepage Springer Nature. 2021-03-08. group.springernature.com.
  21. Web site: 2019-08-11. Springer Nature reports 15.12% pay gap . The Bookseller. www.thebookseller.com.
  22. Web site: Springer Nature Gender Pay Gap Report – April 2018 - EN Corporate Affairs Homepage Springer Nature. 2021-03-08. group.springernature.com.
  23. Web site: SDG Publishers Compact Members . United Nations Sustainable Development . 18 July 2023.
  24. Web site: SDG Publishers Compact . United Nations Sustainable Development . 20 July 2023.
  25. News: Springer Nature and SDSN Release Joint White Paper on How to Narrow the Policy, Research, and Community Divide . UN Sustainable Development Solutions Network (SDSN) . 3 May 2021 . en.
  26. News: Anderson . Porter . Springer Nature Issues a New Sustainability Report . Publishing Perspectives . 5 April 2023.
  27. Web site: Sustainable Business Summary 2021 . Springer Nature. 2022 . 4 August 2023 . en.
  28. News: Transcript: SDG Content Hub Magic Number Is 17 CCC's Velocity of Content Podcast . Velocity of Content A series of recordings from the Copyright Clearance Center . February 21, 2022.
  29. Web site: SDG 14 Journal Collections and Special Issues incl. Call for Papers For Researchers Springer Nature . Springer Nature.
  30. News: Butcher . James . Scholarly publishers and the SDGs . GEOSCIENTIST . 1 March 2023.
  31. News: Nature Portfolio to expand with three new journals in 2024 Springer Nature Group Springer Nature . Springer Nature . 16 March 2023.
  32. Web site: npj Series | Nature Portfolio .
  33. Web site: SDG-Impact Journal Rating . Cabells.
  34. Rodenburg . Kathleen . Rowan . Michael . Nixon . Andrew . Christensen Hughes . Julia . The Misalignment of the FT50 with the Achievement of the UN's SDGs: A Call for Responsible Research Assessment by Business Schools . Sustainability . January 2022 . 14 . 15 . 9598 . 10.3390/su14159598 . en . 2071-1050 . free .
  35. News: Linacre . Simon . Cabells launches new SDG Impact Intensity™ journal rating system in partnership with Saint Joseph's University's Haub School of Business . the source . 17 March 2021.
  36. Web site: Springer Nature Group Corporate Affairs Homepage Springer Nature. 2021-03-08. group.springernature.com.
  37. Web site: Heinrich Vogel Shop. 2021-03-08. www.heinrich-vogel-shop.de.
  38. News: Hernández. Javier C.. 2017-11-01. Leading Western Publisher Bows to Chinese Censorship (Published 2017). en-US. The New York Times. 2021-03-08. 0362-4331.
  39. News: The Mystery of the Exiled Billionaire Whistle-Blower . The New York Times . January 10, 2018. Hilgers . Lauren .
  40. Web site: A snake bites once, but its picture is used twice . retractionwatch. 3 April 2020 .
  41. News: Tang. Jane. 1 September 2020. Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name. Radio Free Asia. 1 September 2020.
  42. News: Taiwan academics told to identify as Chinese in journal. Charlie Parker. October 10, 2020. The Times.
  43. Web site: Springer Nature retracts paper that hundreds called 'overtly racist' . retractionwatch. 31 July 2020 .
  44. News: Isaac Schultz . 6 November 2021 . Science Publisher Retracts 44 Papers for Being Utter Nonsense . Gizmodo .
  45. News: Marcus . Adam . November 4, 2021 . Springer Nature geosciences journal retracts 44 articles filled with gibberish . Retraction Watch . September 14, 2022.

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