Social Responsibility Trends by Sector – Thematic Intelligence
All the vital news, analysis, and commentary curated by our industry experts.
Social Responsibility Trends Thematic Report Overview
The world demographics is likely to be influenced by several factors, for instance, Africa’s bulging youth population, continued global economic inequality, and aging populations will shape world demographics in 2030. This could be attributed to the high fertility rates and decreasing infant mortality rates in the country. There were many social issues coming under the spotlight in 2022 creating pressure on companies to act on social responsibility, which looks at a company’s engagement with its workers, customers, suppliers, and the local community.
The social responsibility trends thematic report provides an overview of world’s demographics in 2030. It focuses on the assessment of impact of social responsibility pressures on 16 sectors such as aerospace & defense, agriculture, automotive, banking, construction, consumer goods, foodservice, healthcare, insurance, mining, oil & gas, power, retail & apparel, sport, technology, media, & telecom, and travel & tourism.
ESG Framework that Summarises the Key Social Responsibility Issues
For more insights into the ESG framework for social responsibility issues, download a free report sample
Social Responsibility Trends by Sectors
The key sectors analysed for social responsibility trends are aerospace & defense, agriculture, automotive, banking, construction, consumer goods, foodservice, healthcare, insurance, mining, oil & gas, power, retail & apparel, sport, technology, media, & telecom, and travel & tourism.
Aerospace and Defense
Social media conversations on social responsibility in the A&D industry witnessed more than 11% decline in Q3 2022 over the previous quarter. The US, the UK, Germany, France, India are the top countries hiring in social responsibility in aerospace & defense. The US is hiring the most ‘social’ roles in aerospace & defense, followed by India.
Diversity & welfare and ethical investment are expected to have high impact on social responsibility theme performance in the A&D sector. Due to the potential global recession, recruitment within the industry will be highly competitive. However, defense procurement can be somewhat recession-proof as procurement plans can span decades. In the long term expect, more industrial and government programs will remove barriers to entry to the industry.
Our thematic scorecard ranks companies within a sector based on overall leadership in the ten themes that matter most to their industry, generating a leading indicator of future performance.
Defense Sector Scorecard Overview
For more insights on the defense sector scorecard, download a free report sample
Competition for land between agricultural, social, and industrial is contributing to soaring land prices which has lured many agricultural owners to sell their land for non-agricultural purposes. In addition, urbanization and rural population decline are continuing trends. However, technology is expected to play a critical role in overcoming these challenges and boosting agricultural productivity. For example, urban agriculture (where farming systems are located within or close to urban environments) is one solution and has the additional benefit of reducing carbon emissions by minimizing food miles. The adoption of autonomous and semi-autonomous field robots, particularly in large-scale commercial agriculture, will gradually increase to reduce dependence on human labor.
The US, Canada, Netherlands, Brazil, and China are the major countries hiring in social responsibility in agriculture. The US is hiring the most for social roles in agriculture followed by Canada.
For more insights on social responsibility trends in the agricultural sector, download a free report sample
The automotive sector is facing continuous pressure from consumers and investors around sustainable and ethical manufacturing. The electrification of the automotive industry has caused an increasing amount of concern around the sustainable sourcing of new materials. Consumers and investors have an expectation that automotive manufacturing will source minerals, such as cobalt or lithium, through ethical channels which do not employ problematic or dangerous labor practices while also avoiding severe environmental impacts from greatly expanded material production.
Social media conversations on social responsibility in the automotive industry witnessed more than 6% fall in Q3 2022 over the previous quarter. Electric vehicles, health & safety, and the government were key discussion trends.
The key countries hiring in social responsibility in automotive are the US, Thailand, Germany, India, China. The US is hiring the most for ‘social’ roles in automotive followed by Germany.
For more insights on social responsibility in the automotive sector, download a free report sample
Social media conversations on social responsibility in the banking & payments industry fell by more than 10% in Q3 2022 versus the previous quarter. However, the rise in social media conversations in June was led by the group of human rights activists who submitted an open letter to the US Congress, in support of responsible crypto policy praising Bitcoin and stablecoins as essential tools aiding democracy and freedom.
The combined impact of inflationary and recessionary pressures will intensify various types of financial exclusion, whether it be marginalized economic groups unable to obtain emergency financing, or mass market consumers receiving insufficient support with budgeting and money management. These issues will be particularly acute for young, early-stage SMEs vulnerable to business failure under deteriorating economic conditions, having already received the limit of government lending through COVID loans.
The key countries hiring in social responsibility in banking are the US, India, Poland, Canada, and the UK. The US is hiring the most for ‘social’ roles in banking followed by the UK.
For more insights on the social responsibility on the banking sector, download a free report sample
Social Responsibility Trends Market Overview
|Key Sectors||Aerospace & Defense, Agriculture, Automotive, Banking, Construction, Consumer Goods, Foodservice, Healthcare, Insurance, Mining, Oil & Gas, Power, Retail & Apparel, Sport, Technology, Media, & Telecom, and Travel & Tourism
This report provides an overview of world’s demographics in 2030. It focuses on the assessment of impact of social responsibility pressures on 16 sectors:
- Aerospace & Defense
- Consumer Goods
- Oil & Gas
- Retail & Apparel
- Technology, Media, & Telecom
- Travel & Tourism
2022 saw many social issues coming under the spotlight, including global unemployment at 6.2%, gender inequality, 345 million people faced
acute food insecurity in 2022, and children being unfairly impacted by conflict, among others.
Reasons to Buy
- CEOs that are too slow to improve their company’s approach to sustainability will see an exodus of customers and a drop in profits far sooner than they ever imagined. Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. ESG is one of the most important themes for 2023.
Table of Contents
What will the world’s demographics look like in 2030?
What’s trending on social media?
How are reporting and disclosure requirements changing?
Who’s innovating in social technology?
How are sectors responding to social pressures?
Aerospace & defense
Oil & gas
Retail & apparel
Tech, media & telecoms
Travel & tourism
1. Further reading
3. Other key themes for 2023
4. Our Thematic research methodology
5. About GlobalData
Frequently asked questions
Which is the leading country in terms of hiring in the A&D sector?
The US is the leading country hiring in social responsibility in the aerospace & defense sector.
Which is the leading country in terms of hiring in the automotive sector?
The US is the leading country hiring in social responsibility in automotive sector.
Which is the leading country in terms of hiring in the A&D sector?
The US is the leading country hiring in social responsibility in the automotive sector.
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