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In the context of global sustainability mandates, corporate carbon disclosure has emerged as a critical mechanism for aligning business strategy with environmental responsibility. The Carbon Disclosure Project (CDP) hosts the world's…

Computers and Society · Computer Science 2025-11-04 Haotian Hang , Yueyang Shen , Vicky Zhu , Jose Cruz , Michelle Li

This paper introduces a novel approach to enhance Large Language Models (LLMs) with expert knowledge to automate the analysis of corporate sustainability reports by benchmarking them against the Task Force for Climate-Related Financial…

In the face of climate change, are companies really taking substantial steps toward more sustainable operations? A comprehensive answer lies in the dense, information-rich landscape of corporate sustainability reports. However, the sheer…

Over the last decade, several regulatory bodies have started requiring the disclosure of non-financial information from publicly listed companies, in light of the investors' increasing attention to Environmental, Social, and Governance…

Computation and Language · Computer Science 2024-01-17 Marco Bronzini , Carlo Nicolini , Bruno Lepri , Andrea Passerini , Jacopo Staiano

Organizations increasingly use Large Language Models (LLMs) to improve supply chain processes and reduce environmental impacts. However, LLMs have been shown to reproduce biases regarding the prioritization of sustainable business…

Computers and Society · Computer Science 2025-11-04 Greta Ontrup , Annika Bush , Markus Pauly , Meltem Aksoy

We study the use of large language models (LLMs) to both evaluate and greenwash corporate climate disclosures. First, we investigate the use of the LLM-as-a-Judge (LLMJ) methodology for scoring company-submitted reports on emissions…

Computation and Language · Computer Science 2025-05-27 Marianne Chuang , Gabriel Chuang , Cheryl Chuang , John Chuang

As Large Language Models (LLMs) rise in popularity, it is necessary to assess their capability in critically relevant domains. We present a comprehensive evaluation framework, grounded in science communication research, to assess LLM…

Corporate Greenhouse Gas (GHG) emission targets are important metrics in sustainable investing [12, 16]. To provide a comprehensive view of company emission objectives, we propose an approach to source these metrics from company public…

Portfolio Management · Quantitative Finance 2024-11-07 Aditya Dave , Mengchen Zhu , Dapeng Hu , Sachin Tiwari

Human-produced emissions are growing at an alarming rate, causing already observable changes in the climate and environment in general. Each year global carbon dioxide emissions hit a new record, and it is reported that 0.5% of total US…

Computers and Society · Computer Science 2024-08-06 Aida Usmanova , Junbo Huang , Debayan Banerjee , Ricardo Usbeck

Large language models (LLMs) are increasingly used to support the analysis of complex financial disclosures, yet their reliability, behavioral consistency, and transparency remain insufficiently understood in high-stakes settings. This…

Computation and Language · Computer Science 2026-01-21 Md Talha Mohsin

Climate misinformation is a problem that has the potential to be substantially aggravated by the development of Large Language Models (LLMs). In this study we evaluate the potential for LLMs to be part of the solution for mitigating online…

Computers and Society · Computer Science 2025-03-11 Mowafak Allaham , Ayse D. Lokmanoglu , P. Sol Hart , Erik C. Nisbet

It is important for policymakers to understand which financial policies are effective in increasing climate risk disclosure in corporate reporting. We use machine learning to automatically identify disclosures of five different types of…

Computers and Society · Computer Science 2021-08-04 David Friederich , Lynn H. Kaack , Alexandra Luccioni , Bjarne Steffen

Natural language processing (NLP) has been widely used in quantitative finance, but traditional methods often struggle to capture rich narratives in corporate disclosures, leaving potentially informative signals under-explored. Large…

Computational Engineering, Finance, and Science · Computer Science 2026-03-17 Chanyeol Choi , Yoon Kim , Yu Yu , Young Cha , V. Zach Golkhou , Igor Halperin , Georgios Papaioannou , Minkyu Kim , Zhangyang Wang , Jihoon Kwon , Minjae Kim , Alejandro Lopez-Lira , Yongjae Lee

The advancement of large language models (LLMs) has led to a greater challenge of having a rigorous and systematic evaluation of complex tasks performed, especially in enterprise applications. Therefore, LLMs need to be able to benchmark…

Computation and Language · Computer Science 2024-10-18 Bing Zhang , Mikio Takeuchi , Ryo Kawahara , Shubhi Asthana , Md. Maruf Hossain , Guang-Jie Ren , Kate Soule , Yada Zhu

Corporate carbon emissions data is disclosed by approximately 65% of large and mid-sized companies globally, despite being a key indicator of corporate climate performance. With investors increasingly looking to integrate climate risk into…

Applications · Statistics 2021-12-17 Malgorzata Olesiewicz , Jaakko Kooroshy , Sonja Greven

Environmental, Social, and Governance (ESG) reports have become central to how companies communicate climate risk, social impact, and governance practices, yet they are still published primarily as long, heterogeneous PDF documents. This…

Although companies are exhorted to provide more information to the financial community, it is evident that they choose different paths based upon their strategic emphasis and competitive environments. Our investigation explores the…

General Finance · Quantitative Finance 2020-08-11 Rajiv Kashyap , Mohamed Menisy , Peter Caiazzo , Jim Samuel

The advent of Large Language Models (LLMs) has raised concerns about their enormous carbon footprint, starting with energy-intensive training and continuing through repeated inference. This study investigates the potential of using…

Computation and Language · Computer Science 2026-01-15 Anandita Garg , Uma Gaba , Deepan Muthirayan , Anish Roy Chowdhury

Evaluating the accuracy of outputs generated by Large Language Models (LLMs) is especially important in the climate science and policy domain. We introduce the Expert Confidence in Climate Statements (ClimateX) dataset, a novel, curated,…

Machine Learning · Computer Science 2023-11-30 Romain Lacombe , Kerrie Wu , Eddie Dilworth

In this work, we introduce a multimodal analysis pipeline that leverages large foundation models in vision and language to analyze corporate social media content, with a focus on sustainability-related communication. Addressing the…

Artificial Intelligence · Computer Science 2025-11-04 Ujjwal Sharma , Stevan Rudinac , Ana Mićković , Willemijn van Dolen , Marcel Worring
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