The global sports industry experienced a 58% drop in company filings mentions of corporate governance in Q2 2023 compared with the previous quarter, with the highest share accounted for by Beijing Kuaishou Technology with 23% year-on-year decrease, according to GlobalData’s analysis of over 9 sports company filings. Corporate governance is an important part of ESG initiatives in most of the industries today including sports. GlobalData’s report ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
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Notably, corporate governance was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of sports betting and digital media, according to GlobalData.
Of the top leading companies in the sports industry, Beijing Kuaishou Technology had the greatest increase in references for corporate governance in Q2 2023, compared with the previous quarter. GlobalData identified 196 corporate governance-related sentences in the company's filings - 8% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Ambev’s mentions of corporate governance rose by 100% to 97 and Ana’s by 100% to 34 and DoorDash’s by 100% to 23.
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 99.
To further understand GlobalData's analysis on report ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
