The global automotive industry experienced a 129% rise in company filings mentions of environmental sustainability in Q1 2023 compared with the previous quarter, with the highest share accounted for by Bayerische Motoren Werke with 98% year-on-year increase, according to GlobalData’s analysis of over 256 automotive company filings. Environmental Sustainability is a priority in most of the industries today including Automotive. 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 Q1 2023, ranking highest in terms of mentions, ahead of cybersecurity and governance, according to GlobalData.
Of the 50 leading companies in the automotive industry, Bayerische Motoren Werke had the greatest increase in references for environmental sustainability in Q1 2023, compared with the previous quarter. GlobalData identified 859 environmental sustainability-related sentences in the company's filings, an increase of 3600% in Q1 2023 compared with Q4 2022. Mercedes-Benz Group’s mentions of environmental sustainability rose by 4200% to 824 and Ford Motor’s by 1500% to 707 and Volvo Car’s by 1900% to 435 and Volkswagen’s by 500% to 326.
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 Q1 2023 was 100.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.