The global construction industry experienced a 53% drop in company filings mentions of environmental sustainability in Q3 2023 compared with the previous quarter, with the highest share accounted for by Cummins with 20% year-on-year decrease, according to GlobalData’s analysis of over 1,053 construction company filings. GlobalData’s Construction: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the construction industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, environmental sustainability was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of Covid-19 and cloud, according to GlobalData.
Of the top leading companies in the construction industry, Cummins had the greatest increase in references for environmental sustainability in Q3 2023, compared with the previous quarter. GlobalData identified 423 environmental sustainability-related sentences in the company's filings - 14% of all sentences - and a decrease of 20% in Q3 2023 compared with Q3 2022. Stanley Black & Decker’s mentions of environmental sustainability rose by 12% to 142 and Eaton Corporation’s by 211% to 140 and 3M’s by 12% to 82 and Johnson Controls International’s by 33% to 37.
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 2023 was 122.
For further understanding of GlobalData's Construction: Filings Trends & Signals Q3 2023, buy the report here.