THE 2021 EU INDUSTRIAL SCOREBOARD

1 THE 2021 EU INDUSTRIAL R&D INVESTMENT SCOREBOARDEUR 30902 EN This publication is a Science for Policy report by the Joint Research Centre (JRC), the European Commission s science and knowledge service. It aims to provide evidence-based scientific support to the European policymaking process. The scientific output expressed does not imply a policy position of the European Commission. Neither the European Commission nor any person acting on behalf of the Commission is responsible for the use that might be made of this publication. For information on the methodology and quality underlying the data used in this publication for which the source is neither Eurostat nor other Commission services, users should contact the referenced source.

2 The designations employed and the presentation of material on the maps do not imply the expression of any opinion whatsoever on the part of the European Union concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Contact information European Commission - Joint Research Centre Directorate Growth and Innovation - Knowledge for Finance, Innovation & Growth Unit Edificio Expo; c/ Inca Garcilaso, N 3 E-41092 Seville (Spain) Tel.: +34 954488318, Fax: +34 954488300, E-mail: Any comments can be sent by email to: More information, including activities and publications, is available at EU Science Hub JRC127360 EUR 30902 EN PDF ISBN 978-92-76-44399-5 ISSN 2599-5731 ISSN Collection 1831-9424 Print ISBN 978-92-76-44400-8 ISSN 2599-574X ISSN Collection 1018-5593 Luxembourg: Publications Office of the European Union, 2021 European Union 2021 The reuse policy of the European Commission is implemented by the Commission Decision 2011/833/EU of 12 December 2011 on the reuse of Commission documents (OJ L 330, , p.)

3 39). Except otherwise noted, the reuse of this document is authorised under the Creative Commons Attribution International (CC BY ) licence ( ). This means that reuse is allowed provided appropriate credit is given and any changes are indicated. For any use or reproduction of photos or other material that is not owned by the EU, permission must be sought directly from the copyright holders. All content European Union, 2021 How to cite: Grassano, N., Hernandez Guevara, H., Fako, P., T bke, A., Amoroso, S., Georgakaki, A., Napolitano, L., Pasimeni, F., Rentocchini, F., Compa o, R., Fatica, S. and Panzica, R. The 2021 EU INDUSTRIAL R&D Investment SCOREBOARD , EUR 30902 EN, Publications Office of the European Union, Luxembourg, 2021, ISBN 978-92-76-44399-5, , JRC127360.

4 Legal Notice Our goal is to ensure that the data are accurate. However, the data should not be relied on as a substitute for your own research or independent advice. We accept no responsibility or liability whatsoever for any loss or damage caused to any person as result of any error, omission or misleading statement in the data or due to using the data (see also PDF sent). If errors are brought to our attention, we will try to correct them. Acknowledgements The 2021 EU INDUSTRIAL R&D Investment SCOREBOARD - Executive summary has been published within the context of t he Global INDUSTRIAL Research & Innovation Analyses (GLORIA) project that is jointly carr ied out by the European Commission s Joint Research Centre Directorate B, Innovation and Growth and the Directorate General for Research and Innovation Directorate F, Prosperity.

5 GLORIA has received funding from the European Union s Horizon 2020 research and innovation programme under grant agreement No 101015509. The main expected impact of GLORIA is the better understanding of corporate Research & Development (R&D) efforts in relation to the green deal and sustainability objectives, starting from the top R&D investors in their global competitiveness perspective. The project was coordinated under the leadership of Xabier Goenaga and Fernando Herv s (respectively, Head and Deputy Head of Knowledge for Finance, Innovation and Growth) and Doris Schr cker (Head of DG R& INDUSTRIAL Research, Innovation & Investment Agendas). This document was produced by Nicola Grassano, H ctor Hern ndez Guevara, P ter Fako, Alexander T bke, Sara Amoroso, Aliki Georgakaki, Lorenzo Napolitano, Francesco Pasimeni, Francesco Rentocchini, Ramon Compa o, Serena Fatica and Roberto Panzica (JRC Knowledge for Finance, Innovation and Growth, JRC Knowledge for the Energy Union & JRC Finance & Economy) as the main authors.

6 Patrick McCutcheon from DG R& made substantial contributions to the review of this work. Alexandr Hobza, Chief Economist, DG and Oceane Peiffer Smadja and Julien Ravet from his team, Alex Talacchi DG and Jochen Brodersen also contributed to the review of t he draft report. Michael Tubbs from Innovomantex Ltd. greatly contributed to this work, reviewing the whole analytical work and providing INDUSTRIAL insights. Alberto C ceres Guill n from Alepro Data Analysis & Consulting supported the quality control of the company dataset. Data have been collected by Bureau van Dijk A Moody s Analytics Company under supervision by Petra Steiner, Vivien Schulz, Yu-Wen Kang, Jacquet Damien, and David P rez Vicente.

7 We are grateful to Xenia Garc a and Emiliano Bruno (Directorate B, Innovation and Growth) for the editorial and communication support; to Florence Roger, Martina Daly and Sandra Milev (Directorate General for Research and Innovation) also for their support in the communication activities, as well as Rafa Hohr and Claudia Orlando (Prodigioso Volc n) for the layout and visuals assets. 1 Index Foreword .. 3 Executive summary -Key 4 Introduction - The 2021 EU INDUSTRIAL R&D Investment SCOREBOARD .. 17 Chapter 1 - A picture of private R&D investment in 2020 .. 18 The economic context and technological trends in 2020 .. 18 The economic context .. 18 The key technological developments.

8 19 INDUSTRIAL R&D landscape .. 23 Geolocation of companies and their R&D activity by headquarters .. 23 Geolocation of companies and their R&D activity by inventor .. 27 Sectoral classification of companies .. 30 R&D investments by world region and INDUSTRIAL sector .. 33 SCOREBOARD 2021: main changes and entry-exit analysis .. 35 Financing companies innovation activities.. 48 Corporate Venture Capital .. 48 Green bonds .. 51 Chapter 2 Where the EU stands compared to other World Regions .. 54 Main changes in companies SCOREBOARD indicators 2019 - 2020 .. 54 Worldwide picture .. 54 EU companies .. 56 Non-EU companies .. 58 Large R&D changes in big companies.

9 62 Positioning of the EU with respect to its main competitors .. 65 The EU vs the US .. 65 The EU vs China .. 68 The EU vs Japan .. 70 CHAPTER 3 - A closer look at the EU .. 71 Introduction: the top 1000 EU extended sample .. 71 Top 1000 EU R&D investors and their R&D activities .. 71 Top 1000 EU investors in R&D Main financial indicators .. 75 Entry and exit of top EU 700 in 2020-21 .. 78 Entry and exit of top EU 700 in SB2016-SB2021 .. 82 CHAPTER 4 - Patenting trends in Climate Change Mitigation Technologies: focus on Energy Intensive Industries .. 85 Introduction .. 85 Update on overall trends in green patenting activity .. 85 2 Patenting trends in green inventions relevant to energy intensive industries.

10 88 National and regional performance in the EU .. 92 International alliances in green inventions in energy intensive industries .. 94 Leading international companies .. 95 Positioning of the EU SCOREBOARD Companies in green inventions for energy intensive industries .. 96 Top SCOREBOARD innovators per energy intensive industry .. 99 CHAPTER 5 Top R&D investors and the UN Sustainable Development Goals .. 104 Top R&D investors and SDGs .. 107 Top R&D investors and the SDGs: scores by sector and geographic 109 R&D and sustainability goals .. 113 ANNEX .. 118 Annex 1 - Background information .. 118 Annex 2 - Methodological notes .. 120 Annex 3 Additional tables .. 126 Annex 4 Access to the full dataset.