Investment insights from Capital Group
The US FDA typically flags hundreds of potential regulatory violations each year
Sources: US Food and Drug Administration (FDA). Data through September 30, 2022. Form 483 filings are issued to companies when an investigator observes manufacturing conditions that may violate the Food Drug and Cosmetic Act and can be used to quantify product safety concerns in biotechnology and pharmaceutical companies.
Autos showing their metal? ESG risk management in raw minerals
*For example, industry initiatives for responsible sourcing, sustainable battery production, certification of smelters/refiners.
Sources: Capital Group, BMW.
Angola has improved governance with new anti-corruption initiatives
Source: World Bank Worldwide Governance Indicators. Data published as of September, 2022. Scores shown are percentile ranks; ranging from 0-100.
Triple threat? The three largest semiconductor firms could face significant water stress
Water stress measures total annual water withdrawals expressed as a percentage of the total annual available water. Colored dots indicate manufacturing locations sourced from company websites, for illustrative purposes only. 53% of the manufacturing countries for the three largest semiconductor companies are ranked as medium-to-high, high, or extremely high water-stressed areas in 2040 projections. Taiwan Semiconductor, Intel and Qualcomm are the three largest semiconductor companies by revenue, as of January 2023 according to Investopedia.
Source: Luo, T., R. Young, and P. Reig. 2015. "Aqueduct projected water stress rankings." World Resources Institute Projected Water Stress Country Rankings. Manufacturing locations gathered from the Intel, Taiwan Semiconductor and Qualcomm company websites, respectively.
Investment in AI is becoming a bigger part of corporate budgets
Source: McKinsey, “The state of AI in 2022 − and half a decade in review” survey, conducted May 3-27, 2022 and August 15-17, 2022. 2025 based on respondents anticipated spend.
Market Volatility
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