Exhibit 1: Most discussed ESG topics in Q2 compared to Q1 2024
Source: Strategy& Digital Intelligence: Global web and media sources in English, from 01/01/2024 until 31/06/2024
Decarbonisation and energy transition lead as the most discussed topics in Q1 and Q2 of 2024 (see exhibit 1), highlighting the growing focus on carbon emissions and renewable energy. This reflects the global urgency to address climate change, driven by:
- The European Commission's announcement of record post-winter gas storage levels due to diversified energy supplies, reduced gas demand, increased renewable investments, and enhanced energy security.
- Global political discussions on renewables and clean energy investments, notably in the US, Australia, and the UK. US investments may decrease depending on the outcome of the presidential elections.
- The United Nations chief's call for a global advertising ban on fossil fuel companies.
Trending themes include:
- Renewable energy sources
- Greenhouse gas mitigation
- Clean energy investments
- International energy agency
- Renewable energy infrastructure
While decarbonisation and energy transition lead in overall discussions, circular economy had the most notable quarterly change. Therefore, the ESG Trend Monitor will further focus on circular economy.
Deep Dive circular economy: The growth drivers behind it
Exhibit 2: Changes in ESG market discussion between Q1 and Q2 2024 ranked by most mentioned/engaged topic
Source: Strategy& Digital Intelligence: Global web and media sources in English, from 01/01/2024 until 31/06/2024
Market discussions on circular economy have experienced the most notable increase compared to last quarter (see exhibit 2). This was mostly driven by two topics:
These topical drivers highlight opportunities and challenges for investors. Opportunities include investing in innovative recycling technologies whilst challenges involve following potential new plastic regulations, requiring compliance and significant changes to business operations.
