The global packaging industry experienced a 10% rise in company filings mentions of environmental sustainability in Q1 2023 compared with the previous quarter, with the highest share accounted for by Stora Enso with 20% year-on-year increase, according to GlobalData’s analysis of over 523 packaging company filings. Environmental sustainability is a priority in most of the industries today including Packaging. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.

Notably, environmental sustainability was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of internet of things and cybersecurity, according to GlobalData.

Of the 50 leading companies in the packaging industry, Stora Enso had the greatest increase in references for environmental sustainability in Q1 2023, compared with the previous quarter. GlobalData identified 678 environmental sustainability-related sentences in the company's filings, an increase of 900% in Q1 2023 compared with Q4 2022. Ball’s mentions of environmental sustainability rose by 7400% to 600 and UPM-Kymmene’s by 700% to 600 and Danone’s by 900% to 465 and Nestle’s by 2900% to 361.

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 2023 was 103.

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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.