THE 2021
EU INDUSTRIAL
R&D INVESTMENT
SCOREBOARD
EUR 30902 EN
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JRC127360
EUR 30902 EN
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ISBN 978-92-76-44399-5
ISSN 2599-5731
ISSN Collection 1831-9424
doi:10.2760/559391
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ISBN 978-92-76-44400-8
ISSN 2599-574X
ISSN Collection 1018-5593
doi:10.2760/472514
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How to cite: Grassano, N., Hernandez Guevara, H., Fako, P., Tübke, A., Amoroso, S., Georgakaki, A., Napolitano, L., Pasimeni, F.,
Rentocchini, F., Compaño, 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, doi:10.2760/559391, JRC127360.
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Acknowledgements
The 2021 EU Industrial R&D Investment Scoreboard - Executive summary has been published within the context of the Global
Industrial Research & Innovation Analyses (GLORIA) project that is jointly carried 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.
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 Hervás (respectively, Head and Deputy
Head of JRC.B7 Knowledge for Finance, Innovation and Growth) and Doris Schröcker (Head of DG R&I.E1 Industrial Research,
Innovation & Investment Agendas). This document was produced by Nicola Grassano, Héctor Hernández Guevara, Péter Fako,
Alexander Tübke, Sara Amoroso, Aliki Georgakaki, Lorenzo Napolitano, Francesco Pasimeni, Francesco Rentocchini, Ramon
Compaño, 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.
Patrick McCutcheon from DG R&I.E1 made substantial contributions to the review of this work. Alexandr Hobza, Chief
Economist, DG RTD.G1 and Oceane Peiffer Smadja and Julien Ravet from his team, Alex Talacchi DG RTD.E1 and Jochen
Brodersen DGRTD.A5 also contributed to the review of the draft report. Michael Tubbs from Innovomantex Ltd. greatly
contributed to this work, reviewing the whole analytical work and providing industrial insights. Alberto Cáceres Guillén 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 Pérez Vicente.
We are grateful to Xenia García 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 Volcán) for the
layout and visuals assets.
1
Index
Foreword .................................................................................................................................................................................................................................. 3
Executive summary -Key findings............................................................................................................................................................................... 4
Introduction - The 2021 EU Industrial R&D Investment Scoreboard ................................................................................................... 17
Chapter 1 - A picture of private R&D investment in 2020 ........................................................................................................................ 18
1.1 The economic context and technological trends in 2020 ............................................................................................................ 18
1.1.1 The economic context ........................................................................................................................................................................... 18
1.1.2 The key technological developments ........................................................................................................................................... 19
1.2 Industrial R&D landscape .............................................................................................................................................................................. 23
1.2.1 Geolocation of companies and their R&D activity by headquarters ........................................................................... 23
1.2.2 Geolocation of companies and their R&D activity by inventor ...................................................................................... 27
1.2.3 Sectoral classification of companies ........................................................................................................................................... 30
1.2.4 R&D investments by world region and industrial sector ................................................................................................... 33
1.3. Scoreboard 2021: main changes and entry-exit analysis .......................................................................................................... 35
1.4 Financing companies’ innovation activities. ........................................................................................................................................ 48
1.4.1 Corporate Venture Capital ................................................................................................................................................................. 48
1.4.2 Green bonds ............................................................................................................................................................................................... 51
Chapter 2 Where the EU stands compared to other World Regions ................................................................................................ 54
2.1 Main changes in companies Scoreboard indicators 2019 - 2020 ......................................................................................... 54
2.1.1 Worldwide picture ................................................................................................................................................................................... 54
2.1.2 EU companies ........................................................................................................................................................................................... 56
2.1.3 Non-EU companies ................................................................................................................................................................................ 58
2.1.4 Large R&D changes in big companies ......................................................................................................................................... 62
2.2 Positioning of the EU with respect to its main competitors ....................................................................................................... 65
2.2.1 The EU vs the US .................................................................................................................................................................................... 65
2.2.2 The EU vs China ....................................................................................................................................................................................... 68
2.2.3 The EU vs Japan ...................................................................................................................................................................................... 70
CHAPTER 3 - A closer look at the EU ..................................................................................................................................................................... 71
3.1 Introduction: the top 1000 EU extended sample .............................................................................................................................. 71
3.2 Top 1000 EU R&D investors and their R&D activities ................................................................................................................... 71
3.3 Top 1000 EU investors in R&D Main financial indicators ........................................................................................................ 75
3.4 Entry and exit of top EU 700 in 2020-21 ............................................................................................................................................ 78
3.5 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
4.1 Introduction ........................................................................................................................................................................................................... 85
4.2 Update on overall trends in green patenting activity ..................................................................................................................... 85
2
4.3 Patenting trends in green inventions relevant to energy intensive industries .................................................................. 88
4.3.1 National and regional performance in the EU ........................................................................................................................ 92
4.3.2 International alliances in green inventions in energy intensive industries .............................................................. 94
4.3.3 Leading international companies ................................................................................................................................................... 95
4.3.4 Positioning of the EU Scoreboard Companies in green inventions for energy intensive industries ........... 96
4.3.5 Top Scoreboard innovators per energy intensive industry ............................................................................................... 99
CHAPTER 5 Top R&D investors and the UN Sustainable Development Goals ........................................................................... 104
5.1 Top R&D investors and SDGs ................................................................................................................................................................... 107
5.2 Top R&D investors and the SDGs: scores by sector and geographic area....................................................................... 109
5.3 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 ............................................................................................................................................................ 134