The global power industry experienced a 71% rise in company filings mentions of environmental sustainability in Q1 2023 compared with the previous quarter, with the highest share accounted for by Schneider Electric with 106% year-on-year increase, according to GlobalData’s analysis of over 559 power company filings. Environmental sustainability is a priority in most of the industries today including power. 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 Q1 2023, ranking highest in terms of mentions, ahead of artificial intelligence and cloud, according to GlobalData.
Of the 50 leading companies in the power industry, Schneider Electric had the greatest increase in references for environmental sustainability in Q1 2023, compared with the previous quarter. GlobalData identified 1061 environmental sustainability-related sentences in the company's filings, an increase of 21100% in Q1 2023 compared with Q4 2022. E.ON’s mentions of environmental sustainability rose by 69600% to 697 and Fortum’s by 25300% to 509 and Orsted’s by 1000% to 425 and Verbund’s by 1200% to 391.
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 Q1 2023 was 98.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.