The global sports industry experienced a 53% drop in company filings mentions of environmental sustainability in Q2 2023 compared with the previous quarter, with the highest share accounted for by Ambev with 2% year-on-year increase, according to GlobalData’s analysis of over 9 sports company filings. Environmental Sustainability is a priority 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.
Notably, environmental sustainability was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of connectivity and individualism & expression, according to GlobalData.
Of the top leading companies in the sports industry, Ambev had the greatest increase in references for environmental sustainability in Q2 2023, compared with the previous quarter. GlobalData identified 168 environmental sustainability-related sentences in the company's filings - 9% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Beijing Kuaishou Technology’s mentions of environmental sustainability rose by 100% to 156 and DoorDash’s by 100% to 23 and Ana’s by 100% to 9.
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 Q2 2023 was 130.
To further understand GlobalData's analysis on report ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research, buy the report here.