COVID-19 Content Captured by Truvalue Labs & the S&P 500

COVID-related ESG content fell below the 25% mark for the first time since the week of March 11. The S&P 500 has declined from all-time highs; if the inverse relationship holds, COVID content may rise in coming weeks, or stocks may rebound.

VOLUME of COVID-19 SIGNALS

All the COVID signals now are near lows since March. These lows have previously been described as a potential “New Normal”, but the incoming December-March cold & flu season may change the picture.

SASB Categories Volume Mix within Covid-19 Content

Of the traditional ESG categories most associated with COVID-19,  Access and Affordability continues to lead all other individual categories as PPE and prospective vaccine costs dominate conversation.

Volume Mix by Environmental, Social and Governance Categories

Environmental dimension data no longer rivals Social in the ESG race, but it remains at higher-than-normal levels as climate change-related weather phenomena gain attention including a prolific hurricane season that has exhausted the alphabetical set of names chosen for the year.

Relative COVID-19 volume and NEW CASES

The US and Europe have now achieved parity in both new Coronavirus cases (300,000 in the past week) and attention to company behavior related to COVID:  Companies headquartered on both sides of the Atlantic are receiving the lowest level of attention in this area since March.

Top 10 Industries with the most COVID-19 attention

The usual suspects are getting attention for COVID-related content:  Cruise Lines, Airlines, Pharmaceutical manufacturers, and industries within the Health Care sector.  What’s new is that the ratio of content related to COVID versus non-COVID is dropping to fairly low levels:  2:1 ratios are now the exception, with most industry ratios in this Top 10 list falling below 1:1, or 100%.

Top 10 companies with positive sentiment on the Response Signal by total Volume

A new name on the Top Responder list, which typically is lead by pharmaceutical firms, is Dr. Reddy’s Laboratories.  The Indian firm distributes Covid-19 anti-viral drug Avigan in India and recently began producing a generic version of Remdesivir.

Racial Equality-Related Spotlight Events

  • HSBC aims to double  number of senior Black staff by 2025
  • Howard University Announces $250,000 Grant from Cigna to Support Pipeline of Urban Superintendents
  • Saputo To Drop Australian Cheese Brand Name That Used Common Racial Slur
  • Dutch bank ABN Amro to examine own history in light of racism debate
  • Delivering on Equity Pledge, TCF Bank Unveils $1 Billion Loan Commitment for Minority Communities and Minority- and Women-Owned Small Businesses

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.

Last Updated: Sept. 9, 2020

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Truvalue Labs brings you the Coronavirus ESG Monitor to surface trends and insights where the COVID-19 pandemic intersects with environmental, social and corporate governance (ESG) issues.

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REUSE OF ANY PART OF THIS COVID-19 DATASET IS ONLY PERMITTED WITH ATTRIBUTION: TRUVALUE LABS' CORONAVIRUS ESG MONITOR, coronavirus.truvaluelabs.com