The global construction industry experienced a 61% drop in company filings mentions of social responsibility in Q3 2023 compared with the previous quarter, with the highest share accounted for by Stanley Black & Decker with 22% year-on-year decrease, according to GlobalData’s analysis of over 619 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, social responsibility was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of energy transition and future of work, according to GlobalData.
Of the top leading companies in the construction industry, Stanley Black & Decker had the greatest increase in references for social responsibility in Q3 2023, compared with the previous quarter. GlobalData identified 70 social responsibility-related sentences in the company's filings - 3% of all sentences - and a decrease of 22% in Q3 2023 compared with Q3 2022. Cummins’s mentions of social responsibility rose by 20% to 66 and Eaton Corporation’s by 314% to 29 and 3M’s by 52% to 16 and Parker Hannifin’s by 86% to 3.
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 social responsibility in Q3 2023 was 95.
For further understanding of GlobalData's Construction: Filings Trends & Signals Q3 2023, buy the report here.