The global consumer industry experienced a 48% drop in company filings mentions of corporate governance in Q2 2023 compared with the previous quarter, with the highest share accounted for by Kao with 20400% year-on-year increase, according to GlobalData’s analysis of over 657 consumer company filings. Corporate Governance is a priority in most of the industries today including Consumer. 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 metaverse and individualism & expression, according to GlobalData.
Of the top leading companies in the consumer industry, Kao had the greatest increase in references for corporate governance in Q2 2023, compared with the previous quarter. GlobalData identified 410 corporate governance-related sentences in the company's filings - 7% of all sentences - and an increase of 20400% in Q2 2023 compared with Q2 2022. China Resources Beer (Holdings)’s mentions of corporate governance rose by 60% to 341 and China Mengniu Dairy’s by 35% to 233 and Haier Smart Home’s by 4% to 196 and Nongfu Spring’s by 9% to 166.
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 108.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.