ESG mentions on earnings calls hit lowest level in nearly five years (2024)

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March 19, 2024

Q4 2023 corporate earnings calls (which took place in the first quarter of 2024) had the fewest mentions of ESG since the Q2 2019 earnings season, falling below the five- and ten-year averages, according to data published by FactSet:

FactSet Document Search (which allows users to search for key words or phrases across multiple document types) was used to answer this question. Through Document Search, FactSet searched for the term 'ESG' in the conference call transcripts of all the S&P 500 companies that conducted earnings conference calls from December 15 through March 7.

Of these companies, 29 cited the term 'ESG' during their earnings calls for the fourth quarter. This number is below the 5-year average of 82 and below the 10-year average of 43.

In fact, this is the lowest number of S&P 500 companies citing 'ESG' on earnings calls going back to Q2 2019 (22). Since peaking at 155 in Q4 2021, the number of S&P 500 companies citing 'ESG' on quarterly earnings calls has declined (quarter-over-quarter) in nine of the past ten quarters.[1]

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  1. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.