The global power industry experienced a 62% drop in company filings mentions of social responsibility in Q3 2023 compared with the previous quarter, with the highest share accounted for by Enel Americas with 28200% year-on-year increase, according to GlobalData’s analysis of over 330 power company filings. GlobalData’s Power: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of artificial intelligence and sensory & indulgence, according to GlobalData.
Of the top leading companies in the power industry, Enel Americas had the greatest increase in references for social responsibility in Q3 2023, compared with the previous quarter. GlobalData identified 283 social responsibility-related sentences in the company's filings - 7% of all sentences - and an increase of 28200% in Q3 2023 compared with Q3 2022. First Solar’s mentions of social responsibility rose by 14% to 73 and American Water Works’s by 763% to 69 and Power Grid Corporation of India’s by 41% to 65 and Adani Power’s by 81% to 58.
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 Q3 2023 was 99.
For further understanding of GlobalData's Power: Filings Trends & Signals Q3 2023, buy the report here.