The global banking & payments industry experienced a 45% drop in company filings mentions of environmental sustainability in Q2 2023 compared with the previous quarter, with the highest share accounted for by Itau Unibanco Holding with 17% year-on-year increase, according to GlobalDataâ€™s analysis of over 1,059 banking & payments company filings. Environmental Sustainability 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, environmental sustainability was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of cyber insurance and psd2 / open banking, according to GlobalData.
Of the top leading companies in the banking & payments industry, Itau Unibanco Holding had the greatest increase in references for environmental sustainability in Q2 2023, compared with the previous quarter. GlobalData identified 546 environmental sustainability-related sentences in the company's filings - 7% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. CITICâ€™s mentions of environmental sustainability rose by 100% to 288 and S&P Globalâ€™s by 4500% to 277 and Bank of Ireland Groupâ€™s by 100% to 271 and Nexiâ€™s by 100% to 257.
GlobalDataâ€™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 110.
To further understand GlobalData's analysis on ESG (Environmental, Social and Governance) in Payments - Thematic Intelligence, buy the report here.