The global retail industry experienced a 45% drop in company filings mentions of social responsibility in Q2 2023 compared with the previous quarter, with the highest share accounted for by Li Ning with 32% year-on-year increase, according to GlobalData’s analysis of over 378 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 Q2 2023, ranking highest in terms of mentions, ahead of niche tourism and omnichannel, according to GlobalData.
Of the top leading companies in the retail industry, Li Ning had the greatest increase in references for social responsibility in Q2 2023, compared with the previous quarter. GlobalData identified 170 social responsibility-related sentences in the company's filings - 6% of all sentences - and an increase of 32% in Q2 2023 compared with Q2 2022. George Weston’s mentions of social responsibility rose by 864% to 135 and Next’s by 38% to 107 and Koninklijke Ahold Delhaize’s by 8100% to 82 and Lowe's’s by 18% to 40.
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 Q2 2023 was 106.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.
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