The global power industry experienced an 86% rise in company filings mentions of corporate governance in Q1 2023 compared with the previous quarter, with the highest share accounted for by Schneider Electric with 17% year-on-year increase, according to GlobalData’s analysis of over 328 power company filings. Corporate governance is a priority in most of the industries today including Power. 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 Q1 2023, ranking highest in terms of mentions, ahead of robotics and internet of things, according to GlobalData.
Of the 50 leading companies in the power industry, Schneider Electric had the greatest increase in references for corporate governance in Q1 2023, compared with the previous quarter. GlobalData identified 900 corporate governance-related sentences in the company's filings, an increase of 22400% in Q1 2023 compared with Q4 2022. SSE’s mentions of corporate governance rose by 100% to 26 and Xylem’s by 200% to 25 and AES’s by 200% to 22 and Avangrid’s by 1000% to 22.
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 Q1 2023 was 97.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research, buy the report here.