It's been a month of low levels of COVID-19-related data, amounting to about a third of total ESG data volume. The S&P 500 has continued an inverse relationship with COVID-related news volume, and looks to be pushing that relationship to the brink as stocks steadily climb.
The Economy COVID-specific signal spiked last week to 20% for the first time since early June as conversation about the possible necessity of a lockdown emerged. That level wasn't maintained for a second week, and overall COVID signals remain at low levels compared with the spring.
Twice in two weeks, "Other Categories" reached the highest percent of COVID-19 content since January. The implication? The six most COVID-19-linked categories are claiming less of the conversation, and Coronavirus is becoming embedded in the full spectrum of ESG issues, permeating modern life.
Social dimension news maintains a hearty share of the overall E, S, and G dialogue, tallying 44% this week.
COVID-19-related volume is ticking upwards in Europe with a spike in new cases, unlike the US's example for the past month when company-related COVID dialogue seemed to ignore a surge of infections. Current US new case levels are still >4x Europe, but look good after four consecutive weeks of 400,000 cases per week for the US.
This week, Car Rentals & Leasing dominates the top industries chart with a small sample size as Avis Budget has vowed to meet new standards of cleanliness. More interesting is the appearance of Casinos & Gaming, not a regular fixture in this list, which is in focus with the safety of casinos a matter of public debate as 851 out of 989 US casinos are open nationwide, according to the American Gaming Association.
Sinopharm's Stage III trial in the UAE reached a milestone as 5,000 people have now recieved the vaccine. Overall conversation around the vaccine race remains robust and extremely positive.
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.