Key ESG Trends Shaping The Future Of Air Conditioning Systems Industry

Industry leaders are embracing ESG and investing in diversity, governance and social contribution to foster air conditioning systems. Stakeholders are designing air conditions to make air clean, build a healthy workplace, boost environmental protection, implement measures for climate change and contribute to local communities. Burgeoning urbanization, thriving living standards and scorching heat have fuelled the demand for AC units, spurring the need for ESG rankings and goals.

The onslaught of the COVID-19 outbreak expedited the need for air purification and ventilation, encouraging companies to step up their efforts toward decarbonization. Companies are banking on social missions to curb global warming and offer a reliable and safe air environment. Moreover, the global push for net-zero energy buildings has encouraged stakeholders to invest in ESG metrics.

It is worth mentioning that air conditioners consume more electricity than other home appliances. Demand for air conditioners will continue to gain uptick with soaring temperatures and prevalent heatwaves. According to the IEA, the global demand for space cooling will witness a three-fold rise by 2050. ESG will witness profound traction to negate the effects of scorching heat and propel the penetration of environmentally friendly ACs.

Discover more regarding the practices and strategies being implemented by industry participants in the Air Conditioning Systems Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Key Companies in this theme

    • Daikin Industries, Ltd.

    • Mitsubishi Electric Trane HVAC US LLC

    • Hitachi Ltd

    • Carrier

    • Whirlpool Corporation

    • Haier Group

Environmental Perspective

Amidst a surge in demand for AC, stockholders, shareholders and other stakeholders are gearing up to minimize the amount of energy consumption and GHG emissions. Blue Frontier, a sustainable air conditioning technology provider, suggests that AC contributes 5% of global greenhouse gas emissions. Leading players have furthered their inclination toward carbon neutrality to achieve business growth that complements environmental performance. To illustrate, Daikin has formed a "Challenge to achieve carbon neutrality" theme; and has upped efforts to attain net zero greenhouse gas emissions by 2050 (in line with the Environmental Vision 2050). The company claims to have cut net emissions by 10% through the sale of energy efficient products. The Japanese company is contemplating exploring AI and IoT to provide healthy, safe air environments. Developing a roadmap to reducing GHG emissions and similar bullish targets will bolster the brand position in the global landscape.

Social Perspective

Brands have emphasized employee well-being, health & safety and diversity, equity and inclusion (DEI) to unlock sustainable growth potentials. Notably, Hitachi aims for a 30% ratio for female and non-Japanese Executive and corporate officers by 2030. It has formed DEI promotion leaders in each region to expedite diversity. Companies are expected to undergird training programs to enhance individual skills, capabilities and specialties. Moreover, the spotlight on work-life management has become pronounced following the gray areas uncovered by the COVID-19 pandemic across business verticals. Hitachi is doing away with overwork and long working hours, fostering nursing- and child care. It has also strengthened health & safety measures by conducting occupational health & safety risk assessments. Besides, around 40.3% of employees have received special health guidance, alluding to a buoyant initiative to boost employee health.

Is your business one of the participants in the Air Conditioning Systems Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Governance Perspective

The trend for sustainable business growth with fairness, honor, corporate behavior, sound corporate governance, ethics & compliance and transparency has become indispensable. Well-established players have furthered their emphasis on board diversity as it reflects differences in professional experiences, viewpoints, skills, educational backgrounds, national origin, race, gender and age. In essence, 12 out of 13 directors at Whirlpool are independent and each of the board's four committees comprises independent directors. Prominently, 33% of the independent directors are women, while 25% belong to ethnic/racial minorities. In 2021, the Board, with external advisors, partook in an education session on ESG trends. It is worth noting that the committees of the Board oversee the facets of ESG risk monitoring and implementation.

The competitive landscape indicates an increased emphasis on organic and inorganic strategies to gain a stronghold in the competitive environment. Industry leaders are expected to fulfill their responsibilities toward society, planet and foster corporate value with an investment in a sustainable supply chain. To illustrate, in July 2022, Blue Frontier announced an infusion of USD 20 million in Series A funding to underpin the goal of eradicating billions of tons of GHG emissions. With cooling poised to overtake heating demand, companies are likely to introduce AC that is sustainable, efficient and affordable, along with reduced energy storage cost. The global air conditioning systems market could observe around 6.2% CAGR between 2021 and 2028.

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

The Future of Solar Inverter Industry: ESG Trends

The global push for green initiatives and the energy crisis fueled by the Russia-Ukraine war have spurred the solar inverter industry growth. Implementation of ESG strategy has become pronounced to help companies update and assess their goals. Investors prioritize ESG criteria to screen possible investments and it helps companies build trust with stakeholders and foster a sustainability portfolio. Key players have exhibited increased traction for renewable energy technologies and net zero products to provide low-carbon power generation solutions at a reduced cost.

Solar cell manufacturing is resource intensive and warrants a significant amount of industrial material and water. Besides, the manufacturing process may involve unsustainable mining practices and toxic waste. The issue of labor practices has also garnered headlines. The 2021 International Labor Organization (ILO) report suggests that 50 million people are in modern slavery every day. Moreover, the Credit Suisse Global Wealth Report claimed the world’s richest 1 percent—those with over USD 1 million— own 45.8 percent of the world’s wealth. Stakeholders demand ESG discipline from companies, their value chain, regulators, investors and consumers. 

Key Players:

• ABB

• SMA Solar Technology AG

• SunPower

• Delta Electronics Inc.

• Siemens Energy

• OMRON Corporation

• Eaton

• Emerson Electric Co.

Environmental Perspective

Enterprises and organizations with sustainable policies have exhibited increased inclination for the environmental aspect. The World Economic Forum ranked environmental risks as the five most critical long-term threats in its Global Risks Report 2022. Some factors, such as extreme weather, biodiversity loss and climate action failure, have made solar inverters promising investments for stakeholders with a focus on ESG portfolios. The unprecedented growth of digitization and the shift from fossil fuels to renewables have encouraged leading players to boost the environment. For instance, Eaton uses power management technologies and services to enhance the quality of life and the environment. The company aims to reduce GHG emissions by 50% from its operations by 2030 from 2018 levels. The multinational power management company asserts its 94% of manufacturing waste in 2021 was diverted away from landfills through recycling, reuse, waste-to-energy or composting. The company alluded to an infusion of over USD 3 billion in sustainability R&D over the next ten years in its 2030 Sustainability Goals. 

Forward-looking players are leveraging their research and development activities and renewable energy to provide reliable, safe and efficient solutions to expedite growth in the energy transition. To illustrate, Delta Electronics is committed to using 100% renewable electricity and attaining carbon neutrality in the global supply chain by 2030. Meanwhile, in 2021, OMRON announced pouring 257 million yen (roughly USD 1.8 million) to minimize the environmental influence of its business activities. The company, having set the OMRON Carbon Zero project, contemplates minimizing emissions by over 30% by 2050. Besides, in March 2021, ABB announced it achieved the 5GW milestone of providing solar plant automation solutions in India. Stakeholders are likely to help customers avoid emissions through the modernization of grids, a smarter built environment and sustainable transport. 

Is your business one of participants to the Global Solar Inverter Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Social Perspective

ESG standards have become paramount for viable working conditions, employee and stakeholder wellness and equal opportunities. Eaton has set up the Compensation and Organization Committee to oversee and review matters pertaining to social aspects, such as training and development, employee engagement, pay equity, inclusion and diversity and culture. Furthermore, Siemens aims for a 30% female share in top management by 2025. It vies for double digital learning hours by 2025 and a 30% enhancement in its globally aggregated LTIFR by 2025. The company poured €318 million (approximately USD 327 million) into employee education and training in 2021.

Meanwhile, Delta joined forces with the Taiwan Architecture & Building Center in Well architecture course in 2021 to offer innovative courses. The company adopted the “Influencing 50, Embracing 50” slogan to boost teamwork and face future challenges in its 50th anniversary in 2021. Prominently, Delta Electronics was in the pole position in overall social performance with almost 80% score. Stakeholders are also poised to emphasize fun games, contests and music to bolster the identity and connection among global employees, products and the brand. Leading players are slated to prioritize social pillar in the ensuing period to tap into the global landscape and bolster their brand position.

Governance Perspective

The need to achieve sustainability goals through robust corporate governance, underpinning social progress and balancing stakeholders' interests has become instrumental to staying ahead of the curve. The demand for, including but not limited to, transparency, board diversity and disclosure has furthered encouraged stakeholders to focus on the governance portfolio. According to Eaton TCFD disclosure, its board comprises 12 members—one-third are U.S. minorities and another one-third are women. The company’s governance committee is tasked to prioritize matters regarding the governance and environmental pillars of ESG. While Eaton has exhibited a sound governance system, Siemens is at the helm with over 90% score. The Supervisory Board at Siemens set a bullish target stating that at least 25% of the managing board position would be held by women until June 30th 2022. The company also augmented the external sustainability audits. According to its Sustainability Report 2021, Siemens conducted 394 sustainability audits in 2021, up from 269 audits in the preceding fiscal year. 

Emerson has upped its focus on corporate governance to foster diversity, equity, inclusion and performance-based ESG goals. To put this into perspective, 45% of Directors are persons of color or women, while 60% of the Office of the Chief Executive is diverse. The company has exhibited an increased focus on anti-corruption controls and other compliance factors, including conflict of interest, ethics allegations and data privacy. Emerson asserted in its ESG report that around 61,000 employees undertook anti-corruption training over the past three years. It alluded to its engagement with a third party to review its Ethics and Compliance program, which is in line with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework and the U.S. Department of Justice. 

An unprecedented surge in the demand for renewable energy, along with the rising footfall of solar power PV installation, has augured growth. The global solar inverter market size was pegged at USD 9.31 billion in 2021 and will observe a 6.2% CAGR from 2022 to 2030. Leading players are expected to expand their penetration across the Asia Pacific as China is poised to provide promising opportunities with a focus on minimizing solar power costs and bolstering incentives. Well-established companies are expected to prioritize organic and inorganic growth strategies. To illustrate, in May 2022, Eaton announced the acquisition of a 50% stake in Jiangsu Huineng Electric Co., Ltd.’s circuit breaker portfolio. Meanwhile, in February 2022, Siemens and Desert Technologies collaborated to roll out and infuse funds into solar and smart infrastructure in the Middle East, Africa and Asia. The project could have the aggregate capacity of over 1 GW and will offer reliable, clean and affordable energy in under-served areas.

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

The Impact of ESG on Pet Food Industry

Creating a better world by using resources responsibly to preserve the environment and enhance communitie's health has become paramount in the pet food industry. Shareholders expect recyclable packaging and a dip in deforestation to remain catalysts. Industry leaders prioritize making the highest quality foods to run business with transparency, integrity and ethical behavior. Leading players could invest in identifying the ESG opportunities and challenges for the continued success of the business. The assessment of ESG dynamics, including product safety & quality, energy use, water use & management, waste management, employee well-being and responsible marketing, will reshape the global landscape. 

Lately, consumers have exhibited profound traction in assessing pet food’s health and environmental impact. Pet food manufacturers are likely to count on agriculture that is in line with the sustainable environment. Prominently, regenerative agriculture has come to the fore to help reverse climate change by restoring degraded soil diversity and rebuilding soil organic matter. 

Key Companies in this theme

    • The J.M. Smucker Company

    • The Hartz Mountain Corporation

    • Mars Incorporated

    • Hill’s Pet Nutrition, Inc

    • Nestlé Purina

    • Lupus Alimentos

    • Total Alimentos SA

    • Blue Buffalo Pet Products, Inc.

    • WellPet LLC

    • Diamond Pet Foods

Environmental Perspective

Pet food brands are pushing for regenerative farming that can make products sustainable by eliminating or reducing the use of chemical fertilizers, boosting cover cropping and expanding the nutrient density of crops. Incumbent players, such as Petco Health and Wellness Company have propelled their sustainability profile. For instance, in April 2021, Petco expressed its commitment to making 50% of its product sustainable. The pillars of Petco’s sustainability are sustainably sourced materials; responsible manufacturing; responsible packaging; sustainably sourced ingredients; and animal welfare. Leading players are well-positioned to emphasize reducing water usage and sustainable sourcing of pet food ingredients.

Social Perspective

Stakeholders have upped their focus on ensuring access to quality food, connecting to community resources, ensuring workers’ safety and prompting equitable treatment for all. J.M. Smucker mentioned in its 2022 Corporate Impact Report that it coordinated over 22,000 hours of employee training and development in 2021. As of December 2022, the American manufacturer announced that the direct purchase of liquid eggs, shell eggs and egg ingredients would be from cage-free hens. The company also suggested that it had partnered with Feeding America and Greater Good Charities in FY 2022 to donate over 23 million meals for pets and people. The food company propelled its employee benefits programs by providing access to pet insurance and child development centers. 

Is your business one of participants to the Global Pet Food Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective

A robust governance framework has become a yardstick to provide sustainable value creation. Transparency, engagement on climate action and efforts on human rights could augment the top-line and bottom-line growth with increased capital efficiency. At the 2021 AGM of Nestlé, its shareholders vouched for a detailed Net Zero Roadmap as the company is contemplating halving GHG emissions by 2030 and achieving net zero by 2050. In 2021, the Board created a Sustainable Committee to oversee strategies for diversity and inclusion and response to human rights due diligence program and climate change. The food giant has propelled its diversity profile—over 85% of management committee positions are held by local employees in the countries it operates. A concerted effort on governance can help companies strike the right balance in pursuing ESG goals.

Prominent companies have furthered their emphasis on technological advancements, product offerings, innovation and mergers & acquisitions to underscore their sustainability profile. For instance, in November 2020, Clearlake announced the acquisition of WellPet to expedite organic growth and boost value creation. The company will likely cash in on pet humanization and ownership trends. It is worth noting that the pet food market size stood at USD 94.76 billion in 2021 and is poised to witness around 4.4% CAGR through 2030. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

The Role of ESG in Shaping the Digital Lending Industry

Fintech companies, banks and non-banking financial players have exhibited traction for digital lending to streamline seamless loan disbursement, approval, recovery, credit assessment and other credit services through remote and automated lending processes. On the heels of the COVID-19 pandemic, banks are scampering to play their part in the environmental, social and governance concerns. In a bid to help transpire a greener, transparent and resilient world, digitization of the lending process could bring a tectonic shift, such as enhanced customer experience, and better decision-making. Prominently, an uptick in collaboration between investors and firms taking ESG into account has provided an impetus to banks and fintech players. 

Digital lending has added a fillip to financial inclusion, particularly assisting borrowers who may not reap benefits from formal finance sources. Banks are exploring opportunities in ramping up and automating credit processing, including digital lending and imbibing ESG considerations into lending decisions. The trend for end-to-end e-invoicing and payment solutions to help businesses with easy digital transactions has become pronounced among fintech and banks. Giving and recovering loans through apps and web platforms have become popular. A surge in mobile money accounts has expedited the advanced financial services that can reduce cost, boost transparency and streamline services. However, the prevalence of micro-financial risks and chances of spillovers to the economy have warranted regulation. In September 2022, the Reserve Bank of India issued guidelines on digital lending and emphasized that regulated entities should ensure the lending service providers and digital lending apps adhere to the guidelines mentioned in the circular. Investors are likely to prioritize environmentally sustainable strategies amidst a data-led credit process gaining ground globally. 

Key Companies in this theme

    • Ellie Mae, Inc.

    • FIS; Fiserv, Inc.

    • Newgen Software

    • Nucleus Software

Environmental Perspective

The need for an organic financial model that is in line with the environmental paradigm has become paramount for an organization to be truly sustainable. At a time when fintech lenders are navigating opportunities in state-of-the-art technologies, including AI and machine learning, investments in environmental pillar could give them an edge in the competitive ecosystem. For instance, ICE Mortgage Technology is committed to a 50% reduction in scope 1 and 2 emissions by 2032. It has also implemented data center air management, optimal thermal stratification, automated lighting control systems, and high-efficiency HVAC facilities, playing a vital role in its Power Usage Effectiveness (PUE) outperforming the base building design by around 14%. The company has also purchased renewable energy credits for electricity consumption in data centers and offices. A bullish approach towards sustainability will foster their brand position in the global landscape.

Social Perspective

Of late, an inclusive financial ecosystem has come on the horizon for social progress with access to borrowing and capital opportunities. Companies are offering competitive and comprehensive upsides to foster employees’ well-being, health, financial security, diversity, and inclusion. In essence, Fiserv has formed a solid partnership with Black colleges and universities and the National Black MBA Association in the U.S. In 2021, the Fiserv Back2Business initiative augmented its commitment to USD 50 million which initially stood at USD 10 million for minority-owned small businesses affected by the COVID-19 outbreak. Furthermore, the company has invested in workforce diversity as it asserts that 34% of employees are diverse in race or ethnicity. Companies have increased banking on social strategies as an integrated part of their business process. 

Is your business one of participants of the Global Digital Lending Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices.

Governance Perspective

Fintechs and banks have been championing the significance of ESG for the sustainability of the business. Assessment of ESG-related opportunities and trends has largely been fueled by the governance aspect. The operation of companies in an ethical manner to dissuade corruption and bribery has become pronounced. Notably, Newgen Software has furthered its commitment to a high level of transparency, accountability and integrity. With a two-tier governance model, the company comprised 7 directors (as of March 31st 2021), out of which 4 directors were non-executive directors (independent), while three were executive directors. The Board has prioritized innovations in business strategies, diversity, strategic planning and analysis and compliance requirements for transparency, accountability, and safeguard of shareholder interest. Given the risk of a data breach, stakeholders have also emphasized risk management to provide state-of-the-art security of operations and curb business disruptions. 

Concerted efforts in risk oversight, business strategy, succession planning, ESG and financial reporting could provide an edge to key players. The digital lending market size stood at USD 5.84 billion in 2021 and could register an impressive CAGR of 25.9% from 2022 through 2030. Strong demand for quick access to working capital for daily operations will provide impetus to the growth of the advanced lending process. 

About Astra – ESG Solutions By Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

Poultry Vaccination—a Perusal of Diseases Control Measures Based on Regions and Countries

The high-density rearing of commercial birds has put the spotlight on poultry vaccination to boost immunity and protect against strains of pathogens. The prevalence of Newcastle diseases among turkeys, ducks, birds, geese and guinea fowl has prompted several countries to bolster their policies. In essence, Victoria, Australia, has made vaccination for Newcastle disease mandatory. Besides, pervasive antibiotic resistant salmonella strains in South Africa were reported in South Africa in 2022. The U.S., meanwhile, reported 57.53 million poultry animals grappling with high pathogenic avian influenza (HPAI), as of December 2022. 

Grand View Research’s Animal Health Research Team has collated a qualitative and quantitative database with an emphasis on 3 key poultry diseases across 23 countries. The final report, coupled with the database, will deep-dive into the following dynamics:

• Estimated total poultry population with inputs on disease- status and –prevalence, reported new outbreaks, official vaccination and government regulations, among others. 

• Insights on control measures, including general surveillance, border precaution, movement control and disease notification.

• Trends that could play an invaluable role in shaping the regional outlook, including North America, Europe and Asia Pacific. 

• The database will also shed some light on government initiatives, vaccination status, disease status and reported new outbreaks. 

Get your copy or request a free sample of the report “Poultry Vaccination Coverage Estimation By Diseases, 2018 – 2021,” compiled and published by Grand View Research. 

Poultry Vaccination Coverage Report Scope

Scope	Details
Species	Poultry
Region	North America, Europe, Asia Pacific, LATAM, MEA
Country	U.S., Canada, UK, Germany, France, Italy, Spain, Denmark, Sweden, Norway, China, Japan, India, Australia, Thailand, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait
Total Animal Population	Estimated Total Poultry Population from 2018 to 2021 (in numbers)
Disease Type	Newcastle Disease, Salmonella Sp., Avian Influenza-HPAI
Estimated Vaccination Coverage in %	Specifies the estimated percentage of animals that have received vaccination (at least one vaccine dose) for that particular disease. Includes both prophylactic and therapeutic vaccination.
Years	Quantitative Data 2018; 2019; 2020; 2021 Qualitative Data includes the 2022 updates
Notes	Specifies the relevant information on disease prevalence, disease active/non-active status, control measures, vaccination status (official/prohibited), reported new outbreaks for the years in scope, prevalent serotypes of viruses, recent disease situational updates, government initiatives, and others.
Deliverable Format	MS Excel/ Dashboard

Related Reports:

• Poultry Vaccines Market Size, Share & Trends Analysis Report By Product (Attenuated Live Vaccines, Inactivated Vaccines, Recombinant Vaccines), By Disease Type, By Application, By Region, And Segment Forecasts, 2023 – 2030

• ASEAN Poultry Vaccines Market Size, Share & Trends Analysis Report By Product (Attenuated Live Vaccines, Inactivated Vaccines, DNA Vaccines), By Application, By Disease, By Country, And Segment Forecasts, 2023 - 2030

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

Global Ambulance Services Market—a Deep-dive on Company’s Strategic

A renewed focus on ambulance services with technological advancements has helped stakeholders navigate opportunities and trends shaping the healthcare industry. An uptick in chronic diseases and road accidents has expedited the demand for emergency medical services. Ambulance services reportedly accounted for USD 39.14 billion of business in the healthcare industry in 2022. The penetration of paramedics has accentuated the footprint of helicopters, motor vehicles, boats and airplanes to foster the healthcare service. 

Amidst stiff competition, well-established players have forged partnerships and injected funds into product offerings to tap into the global market. To illustrate, in November 2022, Saudi RPM introduced an ambulance center to ramp up its KSA operation. 

Grand View Research has built the database emphasizing the global presence of ambulance services and revenue generation opportunities of the market. Along with the database, the final report will peruse into following dynamics:

• Footprint of leading companies, elucidating financial performance, key competitors and benchmarking. 

• Insights on, including but not limited to, SWOT analysis, PORTER’s five force analysis, heat map assessment and market share.

• Inputs on demand analysis, regulatory scenarios and service providers.

Get your copy or request a free sample of the report “Global Ambulance Services Market - Analysis of the Changing Landscape, Strategic Initiatives by Industry players, and Company Wise Financial Performance, Service Coverage, Regulations, and Reimbursement,” compiled and published by Grand View Research. 

Ambulance Services Market Study - Topics Covered

Company Overview

• Establishment Year

• Headquarters

• Employee Strength

• Verticals

• Financial analysis

Regional Outlook

• North America

• U.S.

• Canada

• Europe

• U.K.

• Germany

• France

• Italy

• Spain

• Sweden

• Denmark

• Norway

• Asia Pacific

• Japan

• China

• India

• Australia

• Thailand

• South Korea

• Latin America

• Brazil

• Argentina

• Mexico

• Middle East & Africa

• South Africa

• Saudi Arabia

• Kuwait

• UAE

 

• Number of ambulances (Region wise)

• Planned regional expansion

• Presence of major players

Service Coverage

• Ambulance service offered (by vehicle type)

• Number of ambulances (by vehicle type)

Other parameters

• Ambulance regulations and registration (International & Regional)

• International reimbursement

• Region-wise reimbursement

• Impact of COVID-19

Get more insights from our in-depth market intelligence report “Ambulance Services Market Size, Share & Trends Analysis Report By Transport Vehicle (Ground Ambulance, Air Ambulance, Water Ambulance), By Emergency Services, By Equipment, By Region, And Segment Forecasts, 2023 – 2030”

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports 

Trends in ESG Reporting for Protein Supplement Industry

Consumers are emphasizing sustainability credentials when purchasing food & beverages, prompting protein supplements manufacturers to bank on ESG metrics. Sustainable packaging, environmental preservation, clean label claims, transparency, ethics & compliance and health have become paramount among sustainability-minded consumers. Plant-based and whey-proteins have garnered popularity among Gen Z and millennials, a trend likely to drive the footprint of sustainable food.

Whey protein has become prevalent among athletes and customers who warrant protein supplements in their diet. Manufacturers, consumers, media and influencers are counting on whey protein powders to foster sustainable food production. Decision-makers seek a crystal clear picture of how protein products will impact the environment, community and governance.

In September 2022, the Good Food Institute (GFI) and FAIRR rolled out an ESG reporting framework for the alternative protein industry. At a time when the world is gearing up for climate accountability, disclosure of the ESG framework could underscore business practices.

Learn more about the practices & strategies being implemented by industry participants from the Protein Suppliements Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Environmental Perspective

The soaring popularity of protein supplements, including powders, bars and shakes has prompted stakeholders to prioritize their environmental footprint. Global watchdogs, such as the Intergovernmental Panel on Climate Change (IPCC), have vouched for sustainable meat production to decarbonize food production and keep up with the demand for protein. In August 2022, an Oxford study deduced that meat alternatives had less than a tenth of the environmental impact of meat-based equivalents.

Forward-looking companies have furthered their efforts to underpin their environmental profile. For instance, in 2022, Glanbia upgraded its scope 1 & 2 emissions reduction targets and aims for 100% recyclable, reusable or compostable packaging by 2030. It has also set the target of a 50% absolute reduction in emissions from operations and a 25% reduction in dairy emissions intensity by 2030. Establishing environmental goals and transitioning to a low-carbon economy will open a unique window of opportunities in the global landscape.

Social Perspective

A sustainable future demands product safety & quality, employee health and well-being, diversity & inclusion, responsible nutrition, animal welfare and fair pricing. In August 2022, Harvard Health Publishing noted that protein powders could contain added sugars and calories. During the year, Clean Label Project claimed in a report that protein powders may contain heavy metals, pesticides or other contaminants linked to cancer or other health issues. With vegans, athletes and adults banking on protein powders to supplement their diets, industry leaders are expected to emphasize consumers' health & safety to bolster the brand position.

Decision-makers have shown an inclination to attract and retain diverse employees to bolster their ESG performance. For instance, Abbott is gearing up to achieve gender balance with at least 45% female representation across STEM and global management roles. The company is on course to offer one million job and development opportunities by 2030. Commitment to diverse perspectives and ideas will drive innovation and help attain Sustainability plans.

Is your business one of participants to the Protein Supplements Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Governance Perspective

Investors, consumers, companies and governments are making informed decisions with good corporate governance practices, regulations, compliance with laws, transparency and board diversity, among others. To illustrate, in 2022, Glanbia updated its anti-bribery and corruption policy to reinforce fraud prevention procedures. Females represent 55.5% of the independent non-executive directors, the company exhorted in its Annual Report and Financial Statements 2022. Meanwhile, Abbott mentioned in its DEI Report 2021 that one-third of the leadership roles were held by people from underrepresented groups, while women accounted for 40% of the global management positions in 2021.

ESG reporting is expected to be pronounced as governments can mandate climate reporting by 2025. For instance, in April 2021, the EU Commission proposed a Corporate Sustainability Reporting Directive. In September 2022, Kroger updated its ESG action plan to underscore its strategy and propel sustainable packaging. ESG disclosure, reporting and claims have gained momentum in 2023 and could be prevalent in the ensuing period.

As the industry forays into ESG reporting, incumbent players are slated to inject funds into organic and inorganic strategies that can help them transition their protein portfolios to meet sustainability goals. In 2023, NOW Foods announced shifting its supplement bottles to 100% post-consumer recycled (PCR) resin. The step will enable the natural products company to reuse recycled packaging materials and minimize its carbon footprint. These dynamics suggest the global protein supplements market could depict an 8.5% CAGR through 2030.

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Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

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