The global power industry experienced a 41% drop in company filings mentions of environmental sustainability in Q2 2023 compared with the previous quarter, with the highest share accounted for by Enel with 12% year-on-year decrease, according to GlobalData’s analysis of over 753 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.
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Notably, environmental sustainability was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of plant-based diets and mobile, according to GlobalData.
Of the top leading companies in the power industry, Enel had the greatest increase in references for environmental sustainability in Q2 2023, compared with the previous quarter. GlobalData identified 1512 environmental sustainability-related sentences in the company's filings - 21% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Adani Green Energy’s mentions of environmental sustainability rose by 57100% to 1144 and Edison International’s by 100% to 537 and Xcel Energy’s by 100% to 537 and Avangrid’s by 100% to 443.
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 Q2 2023 was 117.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, 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.
