Markets have roared higher as vaccination rates rise around the Developed world. The percentage of COVID-related ESG content has declined sharply, first from the range of ~25% of total volume to the low 20s, and now in the past four weeks the level has remained below a fifth of all volume.
In the past four weeks, all COVID-19 signals have declined in prevalence in the dataset. The COVID-19 Social Signal is the only one reliably in double digit percentages of all data in the past month.
The SASB category of Access & Affordability remains the leading ESG area for COVID-related content, with ~25% of the total in the past month. Labor Practices has declined to single digits as employers have access to more information than before about controlling COVID risks.
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.
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.
The ratio of COVID-related content to non-COVID content continues declining from 350% for the leading industries in March. Cruise Lines ranks in the top three of industries with the highest proportion of COVID-related content, as the CDC announced new guidelines for resuming cruises and the industry contemplates a recovery.
Vaccine makers’ COVID-19 volume for the Response Signal remains extremely high.
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.