The global foodservice industry experienced a 46% drop in company filings mentions of corporate governance in Q1 2023 compared with the previous quarter, with the highest share accounted for by Yum China with 90% year-on-year increase, according to GlobalData’s analysis of over 49 foodservice company filings. Corporate governance is an important part of ESG initiatives in most of the industries today including foodservice. GlobalData’s report ESG (Environmental, Social, and Governance) Top Trends by Sector “ Thematic Research assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
Notably, corporate governance was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of robotics and cloud, according to GlobalData.
Of the 50 leading companies in the foodservice industry, Yum China had the greatest increase in references for corporate governance in Q1 2023, compared with the previous quarter. GlobalData identified 80 corporate governance-related sentences in the company's filings, an increase of 400% in Q1 2023 compared with Q4 2022. Sodexo's mentions of corporate governance rose by 100% to 38 and DoorDash's by 100% to 19 and Restaurant Brands International's by 800% to 19 and McDonald's's by 100% to 10.
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 corporate governance in Q1 2023 was 92.
To further understand GlobalData's analysis on report ESG (Environmental, Social, and Governance) Top Trends by Sector “ Thematic Research, 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.
