The global banking & payments industry experienced a 57% drop in company filings mentions of social responsibility in Q2 2023 compared with the previous quarter, with the highest share accounted for by Amundi with 67% year-on-year increase, according to GlobalData’s analysis of over 842 banking & payments company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Banking & Payments and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of insurtech and connectivity, according to GlobalData.
Of the top leading companies in the banking & payments industry, Amundi had the greatest increase in references for social responsibility in Q2 2023, compared with the previous quarter. GlobalData identified 165 social responsibility-related sentences in the company's filings - 10% of all sentences - and an increase of 67% in Q2 2023 compared with Q2 2022. Itau Unibanco Holding’s mentions of social responsibility dropped by 51% to 143 and Bank of Baroda’s by 145% to 137 and Public Bank’s by 66% to 113 and KKR’s by 18% to 107.
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 Q2 2023 was 96.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.