The global automotive industry experienced a 66% drop in company filings mentions of environmental sustainability in Q1 2024 compared with the previous quarter, with the highest share accounted for by Volvo Car with 6% year-on-year decrease, according to GlobalData’s analysis of over 250 automotive company filings. GlobalData’s Automotive: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the automotive 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.
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Notably, environmental sustainability was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of personalization and individualism & expression, according to GlobalData.
Of the top leading companies in the automotive industry, Volvo Car had the greatest increase in references for environmental sustainability in Q1 2024, compared with the previous quarter. GlobalData identified 456 environmental sustainability-related sentences in the company's filings - 9% of all sentences - and a decrease of 6% in Q1 2024 compared with Q1 2023. AB Volvo’s mentions of environmental sustainability dropped by 6% to 309 and Tesla’s by 1% to 147 and Ferrari’s by 18% to 144 and Ford Motor’s by 84% to 115.
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 Q1 2024 was 83.
For further understanding of GlobalData's Automotive: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
