The global consumer industry experienced a 32% drop in company filings mentions of environmental sustainability in Q2 2023 compared with the previous quarter, with the highest share accounted for by Kao with 15583% year-on-year increase, according to GlobalData’s analysis of over 681 consumer company filings. Environmental Sustainability is a priority in most of the industries today including Consumer. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
Notably, environmental sustainability was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of 3d printing and connectivity, according to GlobalData.
Of the top leading companies in the consumer industry, Kao had the greatest increase in references for environmental sustainability in Q2 2023, compared with the previous quarter. GlobalData identified 941 environmental sustainability-related sentences in the company's filings - 15% of all sentences - and an increase of 15500% in Q2 2023 compared with Q2 2022. Reckitt Benckiser Group’s mentions of environmental sustainability rose by 100% to 433 and China Resources Beer (Holdings)’s by 100% to 426 and Danone’s by 100% to 388 and China Mengniu Dairy’s by 100% to 373.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for environmental sustainability in Q2 2023 was 109.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.