The global banking & payments industry experienced a 65% drop in company filings mentions of corporate governance in Q2 2023 compared with the previous quarter, with the highest share accounted for by Itau Unibanco Holding with 23% year-on-year decrease, according to GlobalData’s analysis of over 1,319 banking & payments company filings. Corporate Governance is a growing trend that is affecting all industries, including the Banking & Payments industry. GlobalData’s ESG (Environmental, Social and Governance) in Payments – Thematic Intelligence report details the main trends, industry analysis, M&A activity and case studies in the market. Buy the report here.
Notably, corporate governance was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of electric vehicles and advanced materials, according to GlobalData.
Of the top leading companies in the banking & payments industry, Itau Unibanco Holding had the greatest increase in references for corporate governance in Q2 2023, compared with the previous quarter. GlobalData identified 364 corporate governance-related sentences in the company's filings - 5% of all sentences - and a decrease of 23% in Q2 2023 compared with Q2 2022. Public Bank’s mentions of corporate governance dropped by 3% to 276 and Groupe Bruxelles Lambert’s by 8667% to 263 and Discover Financial Services’s by 524% to 212 and Bank of Ireland Group’s by 284% to 196.
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 106.
To further understand GlobalData's analysis on ESG (Environmental, Social and Governance) in Payments - Thematic Intelligence, buy the report here.