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HSBC earnings transcripts reveal 47% rise in Asia discussions, says GlobalData
Volatility in the markets brought on by the covid-19 pandemic is forcing London-based HSBC Holdings to shift focus away from the low-return US and Europe markets to Asia.
Against this backdrop, mentions around Asia and related keywords grew by around 47% in HSBC s earnings transcripts in 2020 compared to 2019, reveals GlobalData, a leading data and analytics company.
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An analysis of GlobalData s Company Filing Analytics Database reveals that HSBC s earnings transcript sentiment score rose by around 20% in Q1 2021 driven by the positivity around digital banking, mobile payments and sustainability.
The bank expects to reduce its manual workflow and re-skill the employees involved in digital processes. HSBC s Asian drive also seems to be a step in the right direction as GlobalData expects retail banking to recover more in Asian economies in 2021 as compared to the US and Europe.
Sustainability Agenda Now a Key Priority for Automotive Sector with 75% of OEMs Discussing this Theme in 2020
Written by AZoCleantechMar 3 2021
Sustainability will remain a key strategic agenda for automotive companies in 2021 and beyond, with over 75% of vehicle manufacturers focused on sustainability in 2020, according to GlobalData, a leading data and analytics company. Pirelli & C. SpA, Audi AG and Volkswagen AG were the top companies with mentions of ‘sustainability’ in their filing documents in 2020.
Image Credit: GlobalData
Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says:
“Several GlobalData surveys in 2020 found that consumers continued to be more environmentally conscious, which is undoubtedly influencing how companies move forward with this theme. In the automotive sector, Internet of Things (IoT), sustainability and electric vehicles (EVs) continue to be on top of the agendas for automotive companies. Global production of EVs is likel