Analysis of Contemporary Trends in Industrial Stability Across Various Countries Through Text Mining

Abstract

Sustainability in business is more important than ever before due to the current spike in environmental concerns. Throughout the globe, people are looking for businesses to operate in a way that doesn't affect the environment too much while fostering a harmonious relationship between the company, the environment, and society. Companies often disclose their activities through environmental and social responsibility (ESR) reports. This study seeks to comprehend and evaluate current patterns in CSR reports submitted by Fortune 500 corporations via the use of text-mining techniques. It looks at sustainability reports from different nations and different sectors and contrasts their emphasis on economic, social, and governmental sustainability components. According to the study's findings, sustainability reports differ in their emphasis depending on many criteria, including the company's size, industry, duration on the Fortune 500 list, and country of origin. As a result, it's useful for learning why the organisation is so concerned with certain aspects of corporate sustainability.