Katarina Sitar Šuštar


2026

Environmental, Social, and Governance (ESG) considerations are increasingly integral to assessing corporate performance, reputation, and long-term sustainability. Yet, reliable ESG ratings remain limited for smaller companies and emerging markets. We introduce the first publicly available Slovene ESG sentiment dataset and a suite of models for automatic ESG sentiment detection. The dataset, derived from the MaCoCu Slovene news collection, combines large language model (LLM)-assisted filtering with human annotation of company-related ESG content. We evaluate the performance of monolingual (SloBERTa) and multilingual (XLM-R) models, embedding-based classifiers (TabPFN), hierarchical ensemble architectures, and large language models. Results show that LLMs achieve the strongest performance on Environmental (Gemma3-27B, F1-macro: 0.61) and Social aspects (gpt-oss 20B, F1-macro: 0.45), while fine-tuned SloBERTa is the best model on Governance classification (F1-macro: 0.54). We then show in a small case study how the best-preforming classifier (gpt-oss) can be applied to investigate ESG aspects for selected companies across a long time frame.

2022

We describe initial work into analysing the language used around environmental, social and governance (ESG) issues in UK company annual reports. We collect a dataset of annual reports from UK FTSE350 companies over the years 2012-2019; separately, we define a categorized list of core ESG terms (single words and multi-word expressions) by combining existing lists with manual annotation. We then show that this list can be used to analyse the changes in ESG language in the dataset over time, via a combination of language modelling and distributional modelling via contextual word embeddings. Initial findings show that while ESG discussion in annual reports is becoming significantly more likely over time, the increase varies with category and with individual terms, and that some terms show noticeable changes in usage.