The global power industry experienced a 47% drop in company filings mentions of corporate governance in Q2 2023 compared with the previous quarter, with the highest share accounted for by Enel with 53% year-on-year decrease, according to GlobalData’s analysis of over 512 power company filings. Corporate Governance 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, corporate governance was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of individualism & expression and personalization, according to GlobalData.
Of the top leading companies in the power industry, Enel had the greatest increase in references for corporate governance in Q2 2023, compared with the previous quarter. GlobalData identified 361 corporate governance-related sentences in the company's filings - 5% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Tenaga Nasional’s mentions of corporate governance rose by 100% to 346 and Adani Transmission’s by 1100% to 211 and Xylem’s by 1100% to 207 and China Resources Power’s by 100% to 197.
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 corporate governance in Q2 2023 was 109.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.