Mentions of ESG increased by a CAGR of 28% in the beverages industry since 2020

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The global beverages industry experienced a 28% rise in compound annual growth rate (CAGR) in company filings mentions of ESG since 2020. Key companies in terms of mentions include Kao, Coca-Cola, and Unilever, according to GlobalData’s analysis of over 3,600 beverages company filings.

Notably, since 2020, environment was the most referenced ESG theme in terms of mentions, ahead of governance and social, according to GlobalData's Company Filings database. Mentions related to ESG increased by 27% year-on-year in 2021 and by 9% year-on-year in 2022.

Top five companies by mentions of ESG in the global beverages  industry since 2020

Of the 50 leading companies in the beverages industry, Anora Group had the highest year-on-year increase in references to ESG in 2022. GlobalData identified 671 ESG related sentences in the company's filings in 2022, 1% of all sentences. Meanwhile, East African Breweries had the highest year-on-year increase in references for ESG in 2021. GlobalData identified 486 ESG related sentences in the company's filings in 2021, 1% of all sentences.

Company filings sentiment related to ESG in the global beverages industry since 2020

GlobalData’s Company Filings Analytics also applies a sentiment weight to reference sentences, based on how positive the sentiment has turned. Sentiment score is based on the level of positivity on a scale of 0 to 1. The average sentiment score for ESG in 2022 was 0.79, which was more positive compared to the average industry sentiment of 0.67.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

Global Data’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.