The global automotive industry experienced a 53% drop in company filings mentions of social responsibility in Q3 2023 compared with the previous quarter, with the highest share accounted for by Nissan Motor with 21% year-on-year decrease, according to GlobalData’s analysis of over 195 automotive company filings. GlobalData’s Automotive: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the automotive industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of digitalization and renewable energy, according to GlobalData.
Of the top leading companies in the automotive industry, Nissan Motor had the greatest increase in references for social responsibility in Q3 2023, compared with the previous quarter. GlobalData identified 232 social responsibility-related sentences in the company's filings - 8% of all sentences - and a decrease of 21% in Q3 2023 compared with Q3 2022. Mahindra & Mahindra’s mentions of social responsibility dropped by 1% to 134 and Eicher Motors’s by 70% to 63 and Bajaj Auto’s by 48% to 51 and Maruti Suzuki India’s by 60% to 49.
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 Q3 2023 was 97.
For further understanding of GlobalData's Automotive: Filings Trends & Signals Q3 2023, buy the report here.