The global consumer industry experienced a 25% decline in the number of environmental sustainability-related patent applications in Q1 2023 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 38% in Q1 2023, according to GlobalData’s Patent Analytics. Environmental Sustainability is a priority in most of the industries today including Consumer. 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, the number of environmental sustainability-related patent applications in the consumer industry was 1,593 in Q1 2023, versus 2,129 in the prior quarter.
The top five companies accounted for 3% of patenting activity
Analysis of patenting activity by companies shows that Nestle filed the most environmental sustainability patents within the consumer industry in Q1 2023. The company filed 13 environmental sustainability-related patents in the quarter, compared with 11 in the previous quarter. It was followed by Procter & Gamble with 10 environmental sustainability patent filings, Kao (9 filings), and Unicharm (7 filings) in Q1 2023.
Patenting activity was driven by Japan with a 1% share of total patent filings
The largest share of environmental sustainability related patent filings in the consumer industry in Q1 2023 was in Japan with 1%, followed by China (0.75%) and Australia (0.63%). The share represented by Japan was 0.2% higher than the 0.99% share it accounted for in Q4 2022.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) Top Trends by Sector - Thematic Research buy the report here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
