The global retail industry experienced a 28% rise in company filings mentions of social responsibility in Q1 2023 compared with the previous quarter, with the highest share accounted for by Inditex with 22% year-on-year decrease, according to GlobalData’s analysis of over 312 retail company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Retail 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 Q1 2023, ranking highest in terms of mentions, ahead of artificial intelligence and internet of things, according to GlobalData.
Of the 50 leading companies in the retail industry, Inditex had the greatest increase in references for social responsibility in Q1 2023, compared with the previous quarter. GlobalData identified 244 social responsibility-related sentences in the company's filings, an increase of 12100% in Q1 2023 compared with Q4 2022. Koninklijke Ahold Delhaize’s mentions of social responsibility rose by 10900% to 110 and PRADA’s by 600% to 110 and Fast Retailing’s by 400% to 83 and Zalando’s by 3300% to 34.
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 Q1 2023 was 86.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, 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.
