2022 Insights


Our 2022 findings report will of course go into a lot of detail about what the companies’ responses revealed about the state of workforce management and reporting worldwide when it’s published in March.

In the meantime, please find below some insights into the geographical and sectoral trends of the 2022 responders. 

167 organisations from 24 countries took part in the WDI 2022, down from 173 in 25 nations in 2021. The top three best represented countries were the same in 2022 as in previous years: the UK had 62 responders (compared to 66 last year), then France with 22 (cf 20) and then the USA with 16 (cf 19). The one new country we had a responder from was Luxembourg in the form of Aroundtown. We lost our responders from Austria (CA Immo) and Taiwan (TSMC).  On the investor signatory side, Candriam and Schroders submitted for the very first time, MFS took part officially for the first time and HSBC did again after a hiatus in 2021 –  a big thank you to all of them! And continued appreciation goes to abrdn, Columbia Threadneedle, Jupiter AM, Pensionbee and Quantum for another year of responding – it really is fantastic. 

As in previous years, Financials and Consumer Discretionary companies were the best represented with 31 and 26 organisations respectively (compared to 29 and 30 in 2021).

The two main reasons companies are giving for not taking part remain the same as in previous years: they don’t have enough resources to participate and they already feel they’re publishing enough information. What we’ve seen change this year though is the number of companies who want to focus on their own reporting and who are waiting to see what happens with upcoming legislation around the world. We’ve also experienced, more than ever before, a huge churn in our established contacts at companies who we’ve been speaking to for years, and so we’ve fallen through the cracks when people have moved on and not passed responsiblity for the WDI onto their replacement.

 

2021 Disclosure Score and public data analysis

The 2022 Disclosure Scores and Scorecards will be published in January but analysis from last year is shown below.

As in previous years, we saw repeat responders able to provide much more data than those taking part for the first time. The visualisation below shows the Disclosure Scores in various ways; the Disclosure Score is a measure of completeness of the companies’ responses. Overall, encouragingly, we’ve seen Disclosure Scores go up, reflecting companies’ commitment to providing more information.

 Happily, we also saw companies making more and more of their response public, the longer they take part in the WDI. There is a lot of variation among the sectors about what information is kept private but no obvious trend.

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