The global oil & gas industry experienced a 20% decline in the number of social responsibility-related patent applications in Q2 2023 compared with the previous quarter. The total number of social responsibility-related grants dropped by 21% in Q2 2023, according to GlobalData’s Patent Analytics. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Oil & Gas and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, the number of social responsibility-related patent applications in the oil & gas industry was 41 in Q2 2023, versus 51 in the prior quarter.
The top five companies accounted for 34% of patenting activity
Analysis of patenting activity by companies shows that Toray Industries filed the most social responsibility patents within the oil & gas industry in Q2 2023. The company filed 4 social responsibility-related patents in the quarter, compared with 7 in the previous quarter. It was followed by DIC with 3 social responsibility patent filings, Toyobo (3 filings), and Midori Anzen (2 filings) in Q2 2023.
Patenting activity was driven by Japan with a 32% share of total patent filings
The largest share of social responsibility related patent filings in the oil & gas industry in Q2 2023 was in Japan with 32%, followed by China (24%) and the US (24%). The share represented by Japan was 18% higher than the 14% share it accounted for in Q1 2023.
For further understanding of GlobalData's Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.