The global power industry experienced a 70% rise in company filings mentions of social responsibility in Q1 2023 compared with the previous quarter, with the highest share accounted for by Schneider Electric with 2% year-on-year increase, according to GlobalData’s analysis of over 317 power company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Power 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 Q1 2023, ranking highest in terms of mentions, ahead of environment and artificial intelligence, according to GlobalData.
Of the 50 leading companies in the power industry, Schneider Electric had the greatest increase in references for social responsibility in Q1 2023, compared with the previous quarter. GlobalData identified 316 social responsibility-related sentences in the company's filings, an increase of 31500% in Q1 2023 compared with Q4 2022. Verbund’s mentions of social responsibility rose by 12800% to 129 and SSE’s by 200% to 119 and American Water Works’s by 400% to 40 and Avangrid’s by 2400% to 25.
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 Q1 2023 was 90.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
