Advanced neural network architectures have provided several opportunities to develop systems to automatically capture information from domain-specific unstructured text sources. The FinSim4-ESG shared task, collocated with the FinNLP workshop, proposed two sub-tasks. In sub-task1, the challenge was to design systems that could utilize contextual word embeddings along with sustainability resources to elaborate an ESG taxonomy. In the second sub-task, participants were asked to design a system that could classify sentences into sustainable or unsustainable sentences. In this paper, we utilize semantic similarity features along with BERT embeddings to segregate domain terms into a fixed number of class labels. The proposed model not only considers the contextual BERT embeddings but also incorporates Word2Vec, cosine, and Jaccard similarity which gives word-level importance to the model. For sentence classification, several linguistic elements along with BERT embeddings were used as classification features. We have shown a detailed ablation study for the proposed models.