The global automotive industry experienced a 24% drop in company filings mentions of social responsibility in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 676% year-on-year increase, according to GlobalData’s analysis of over 303 automotive company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in automotive 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 future of work and niche tourism, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for social responsibility in Q2 2023, compared with the previous quarter. GlobalData identified 388 social responsibility-related sentences in the company's filings - 2% of all sentences - and an increase of 676% in Q2 2023 compared with Q2 2022. Geely Automobile’s mentions of social responsibility dropped by 13% to 122 and General Motors’s by 46% to 109 and LKQ’s by 212% to 106 and Li Auto’s by 21% to 87.
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.