COVID-19 Content Captured by Truvalue Labs, A FACTSET COMPANY vs. the Solactive US Large Cap Index

Markets have roared higher as vaccination rates rise around the world. The percentage of COVID-related ESG content has declined from the range of ~25% of total volume to the low 20s.


In the final week of March, the COVID-19 Economy Signal was seen in 9.2% of all data, the lowest level since early March 2020.  Vaccine distribution and declining case numbers in recent weeks signal light at the end of the tunnel for many economic activities.

SASB Categories Volume Mix within Covid-19 Content

The SASB category of Supply Chain Management rose to double digit percentages of total COVID-related data volume for the past three weeks in a row with concerns about vaccine distribution and quality, including the news that millions of doses were improperly produced at a Baltimore, Maryland facility.

Volume Mix by Environmental, Social and Governance Categories

The “S” in ESG - the Social dimension - has the plurality of ESG data in the past month, with ~40% levels holding after a dip during the early fall, when climate-related policy and severe weather events captured attention.

Relative COVID-19 volume and NEW CASES

The percentages of European and U.S. company conversations related to COVID have plateaued in the range of the low 20s. This comes as U.S. new cases retreat below the 500,000 per week mark, with Europe not far behind.

Top 10 Industries with the most COVID-19 attention (Ratio of COVID VOLUME VS. OTHER)

The ratio of COVID-related content to non-COVID content has declined from 350% a month ago for the leading industries, indicating a decline in attention to the virus as many try to resume “normal life.”  Another sign of this: Media & Entertainment joins the top ranks of industries with the highest proportion of COVID-related content, as movie theatres and attractions do their best to attract consumers.

Top 10 companies with positive sentiment on the Response Signal by total Volume

Vaccine makers COVID-19 volume for the Response Signal remains extremely high.  A new name on the list is Quidel Corp, a maker of rapid tests which received Emergency Use Authorization from the FDA for an at-home COVID-19 test.

Racial Equality-Related Spotlight Events

  • HSBC aims to double  number of senior Black staff by 2025
  • Howard University Announces $250,000 Grant from Cigna to Support Pipeline of Urban Superintendents
  • Saputo To Drop Australian Cheese Brand Name That Used Common Racial Slur
  • Dutch bank ABN Amro to examine own history in light of racism debate
  • Delivering on Equity Pledge, TCF Bank Unveils $1 Billion Loan Commitment for Minority Communities and Minority- and Women-Owned Small Businesses

Continuing with a focus on racial equality, we again highlight key recent Spotlight Events. This week, racial justice-related data shows banks stepping up on diversity and racial justice, with HSBC vowing to double its senior Black staff, and TCF Bank promising $1 billion in loans to minority and women-owned small businesses.

Last Updated:Jan. 6, 2021



FactSet brings you the Coronavirus ESG Monitor to surface trends and insights where the COVID-19 pandemic intersects with environmental, social and corporate governance (ESG) issues.

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