The global consumer industry experienced a 38% drop in company filings mentions of social responsibility in Q2 2023 compared with the previous quarter, with the highest share accounted for by Hershey with 21% year-on-year decrease, according to GlobalData’s analysis of over 568 consumer company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Consumer and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of experience economy and energy transition, according to GlobalData.
Of the top leading companies in the consumer industry, Hershey had the greatest increase in references for social responsibility in Q2 2023, compared with the previous quarter. GlobalData identified 279 social responsibility-related sentences in the company's filings - 11% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Chocoladefabriken Lindt & Sprungli’s mentions of social responsibility rose by 10200% to 207 and China Resources Beer (Holdings)’s by 100% to 176 and Danone’s by 100% to 156 and EssilorLuxottica’s by 100% to 156.
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 social responsibility in Q2 2023 was 105.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.