View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Analysis
January 26, 2022updated 22 Feb 2022 8:20am

Environmental, social, and governance innovation among power industry companies has dropped off in the last year

Research and innovation in ESG in the power industry operations and technologies sector has declined in the last year.

By Data Journalism Team

Research and innovation in environmental, social, and governance (ESG) in the power industry operations and technologies sector has declined in the last year.

The most recent figures show that the number of ESG patent applications in the industry stood at 185 in the three months ending November – down from 523 over the same period last year.

Figures for patent grants related to ESG followed a similar pattern to filings – shrinking from 442 in the three months ending November last year to 196 this year.

The figures are compiled by GlobalData, which tracks patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.

ESG is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.

The figures also provide an insight into the largest innovators in the sector.

3M Co was the top ESG innovator in the power industry operations and technologies sector in the last quarter. The company, which has its headquarters in the US, filed 82 ESG related patents in the three months ending November. That was down from 160 over the same period last year.

It was followed by the Italy-based Eni SpA with 44 ESG patent applications, Germany-based Siemens AG (23 applications), and the US-based Honeywell International Inc (18 applications).

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU