The global retail industry experienced a 35% drop in company filings mentions of environmental sustainability in Q2 2023 compared with the previous quarter, with the highest share accounted for by Next with 54% year-on-year increase, according to GlobalData’s analysis of over 387 retail company filings. Environmental Sustainability is a priority in most of the industries today including Retail. 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, environmental sustainability was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of batteries and 3d printing, according to GlobalData.
Of the top leading companies in the retail industry, Next had the greatest increase in references for environmental sustainability in Q2 2023, compared with the previous quarter. GlobalData identified 455 environmental sustainability-related sentences in the company's filings - 17% of all sentences - and an increase of 54% in Q2 2023 compared with Q2 2022. George Weston’s mentions of environmental sustainability rose by 588% to 406 and Li Ning’s by 22% to 333 and Koninklijke Ahold Delhaize’s by 7233% to 220 and Loblaw Companies’s by 8850% to 179.
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 109.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.