The global power industry experienced a 37% drop in company filings mentions of social responsibility in Q2 2023 compared with the previous quarter, with the highest share accounted for by Enel with 20% year-on-year increase, according to GlobalData’s analysis of over 424 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 Q2 2023, ranking highest in terms of mentions, ahead of industrial automation and electric vehicles, according to GlobalData.
Of the top leading companies in the power industry, Enel had the greatest increase in references for social responsibility in Q2 2023, compared with the previous quarter. GlobalData identified 406 social responsibility-related sentences in the company's filings - 6% of all sentences - and an increase of 20% in Q2 2023 compared with Q2 2022. ABB India’s mentions of social responsibility rose by 60% to 207 and Adani Transmission’s by 612% to 178 and Xylem’s by 1325% to 171 and Abu Dhabi National Energy’s by 142% to 138.
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 103.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.