Who’s saying what? Mentions of social responsibility decreased by 29% in the consumer industry in Q3 2022

An analysis of filings in the consumer-goods industry shows the number of times social responsibility was mentioned in the third quarter fell.

There was a 29% drop in the mentions of social responsibility in the filings of consumer goods companies in the third quarter of 2022, compared with the previous quarter, according to analysis by GlobalData. 

Notably, social responsibility was one of the most frequently referenced themes in the quarter, ranking highest in terms of mentions, ahead of connectivity and quantum computing, according to GlobalData’s whitepaper on Social Responsibility in Consumer – Filings Trends in Q3 2022. 

Diageo, home to brands including Johnnie Walker and Guinness, accounted for the highest share of the mentions, GlobalData’s study, which analysed more than 660 filings, showed. 

Of the 50 leading companies in the consumer goods industry, Diageo had the greatest increase in its references of social responsibility in Q3 2022, compared with the previous quarter. GlobalData identified 294 social responsibility-related sentences in the company’s filings – 44% of all sentences – in the third quarter, double that of Q2 last year. 

GlobalData’s analytics also applies sentiment weight to 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 Q3 2022 was 99.

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.

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