The global aerospace, defence & security industry experienced a 45% rise in company filings mentions of corporate governance in Q1 2023 compared with the previous quarter, with the highest share accounted for by L3Harris Technologies with 45% year-on-year decrease, according to GlobalData’s analysis of over 79 aerospace, defence & security company filings. Corporate governance is a priority in most of the industries today including Aerospace, Defence & Security. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.

Notably, corporate governance was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of batteries and environment, according to GlobalData.

Of the 50 leading companies in the aerospace, defence & security industry, L3Harris Technologies had the greatest increase in references for corporate governance in Q1 2023, compared with the previous quarter. GlobalData identified 91 corporate governance-related sentences in the company's filings, an increase of 700% in Q1 2023 compared with Q4 2022. Raytheon Technologies’s mentions of corporate governance rose by 200% to 27 and Leidos’s by 400% to 25 and Lockheed Martin’s by 100% to 16 and Axon Enterprise’s by 100% to 12.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q1 2023 was 77.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.