The global construction industry experienced a 59% drop in company filings mentions of environmental sustainability in Q3 2022 compared with the previous quarter, with the highest share accounted for by UltraTech Cement with 151% year-on-year increase, according to GlobalData’s whitepaper on Environmental Sustainability in Construction – Filings Trends in Q3 2022.
Notably, environmental sustainability was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of regtech and digitalization, according to GlobalData.
Of the 50 leading companies in the construction industry, UltraTech Cement had the greatest increase in references for environmental sustainability in Q3 2022, compared with the previous quarter. GlobalData identified 449 environmental sustainability-related sentences in the company's filings - 31% of all sentences - and an increase of 100% in Q3 2022 compared with Q2 2022. Cummins’s mentions of environmental sustainability rose by 1023% to 337 and Goodman Group’s by 100% to 298.
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 environmental sustainability in Q3 2022 was 117.