The global healthcare industry experienced a 50% drop in company filings mentions of environmental sustainability in Q3 2022 compared with the previous quarter, with the highest share accounted for by Suncorp Group with 32% year-on-year decrease, according to GlobalData’s analysis of over 55 healthcare company filings.
Notably, environmental sustainability was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of ecommerce and cybersecurity, according to GlobalData’s whitepaper on Environmental Sustainability in Healthcare – Filings Trends in Q3 2022.
Of the 50 leading companies in the healthcare industry, Suncorp Group had the greatest increase in references for environmental sustainability in Q3 2022, compared with the previous quarter. GlobalData identified 122 environmental sustainability-related sentences in the company's filings - 222% of all sentences - and an increase of 100% in Q3 2022 compared with Q2 2022. Tata Consultancy Services’s mentions of environmental sustainability dropped by 42% to 89 and Travelers Companies’s by 100% to 30.
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 115.