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BRSR Environmental Claims Gap Analysis:

A Natural Language Processing approach to analyzing sustainability disclosures in Indian IT services


Team:

Institution: MIT Bangalore, Department of CSE AI-C
Course: NLP Course Project
Academic Year: 2024-25


Project Overview

This project analyzes Business Responsibility and Sustainability Reports (BRSR) from four leading Indian IT companies to quantify the gap between environmental commitments and actual performance using Natural Language Processing techniques.

Research Questions

  1. Do companies with equivalent net-zero targets employ different linguistic patterns?
  2. How do baseline years and temporal framing create non-comparable targets?
  3. What is the correlation between commitment language and performance variance?

Key Findings

Metric Value
Total Claims Analyzed 127 environmental commitments
Average Gap 18.3% across all dimensions
Language Correlation r = -0.87 (concrete language → better performance)
Substantiation Coverage 53.8% (claims with matching metrics)
Scope 3 Underemphasis 5.7× less textual coverage despite 70-90% emissions

Performance Gaps by Dimension

  • Renewable Energy: 19.8% average gap (highest variance)
  • Scope 1+2 Emissions: 6.6% average gap
  • Water Management: -12.8% (outperformance)
  • Waste Management: -1.6% (best alignment)

Company Performance

Company Average Gap Concreteness Substantiation
Infosys -1.75% 0.625
TCS 0.58% 0.557
Wipro 0.70% 0.586
HCL 12.52% 0.875

Dataset

  • Companies Analyzed: TCS, Infosys, Wipro, HCL Technologies
  • Documents: 4 BRSR reports (FY 2023-24)
  • Total Pages: 175 pages
  • Total Words: 52,334 words
  • Total Sentences: 2,073 sentences processed

Methodology

1. Data Collection

  • Source: Company investor relations websites and BSE filings
  • Format: PDF BRSR reports (FY 2023-24)
  • Size: 0.2 MB to 0.8 MB per document

2. NLP Pipeline

Text Extraction

  • Tool: PyPDF2 library
  • Process: Page-by-page extraction
  • Output: 2,073 sentences

Preprocessing

  • Tokenization: NLTK punkt tokenizer
  • Cleaning: Boilerplate removal, sentence filtering
  • Lemmatization: WordNet lemmatizer

Claim Detection

  • Method: Regex patterns + keyword matching
  • Indicators: 287 commitment keywords
  • Metrics: 156 metric-related keywords
  • Output: 127 environmental claims

Language Classification

  • Concrete indicators: "will achieve", "delivered", "accomplished" (23 terms)
  • Aspirational indicators: "strive to", "committed to", "aim to" (18 terms)
  • Scoring: 0-1 concreteness scale

Semantic Analysis

  • Model: Sentence-BERT (all-MiniLM-L6-v2)
  • Embeddings: 384-dimensional vectors
  • Clustering: UMAP + HDBSCAN

3. Gap Calculation

Formula: Gap % = [(Target - Actual) / Target] × 100

Classification:

  • Aligned: ±10% variance (green)
  • Warning: 10-25% variance (yellow)
  • Critical: >25% variance (red)

4. Statistical Analysis

  • Pearson Correlation: Language concreteness vs performance variance
  • Result: r = -0.87, p = 0.0004 (highly significant)
  • Interpretation: Concrete language predicts 3.7× better performance

Project Structure

BRSR_NLP_ANALYSIS/
├── brsr_analysis_pipeline.py    # Main NLP pipeline (260 lines)
├── brsr_gap_analysis.py          # Gap calculations (430 lines)
├── run_analysis.py               # Orchestration script (390 lines)
├── README.md                     # This file
├── RESULTS_SUMMARY.md            # Detailed findings
│
├── data/
│   ├── pdfs/                     # Original BRSR reports (4 files)
│   └── processed/                # Processed text files
│
├── results/                      # Analysis outputs (7 CSV files)
│   ├── brsr_claims_analysis.csv          # All 127 claims with details
│   ├── company_statistics.csv            # Per-company metrics
│   ├── gap_analysis_detailed.csv         # Gap calculations
│   ├── dimension_statistics.csv          # Dimension averages
│   ├── company_summary.csv               # Company summaries
│   ├── baseline_analysis.csv             # Baseline heterogeneity
│   └── scope3_analysis.csv               # Scope 3 metrics
│
└── visualizations/               # Charts (2 PNG files)
    ├── brsr_gap_analysis.png             # 4-panel gap visualization
    └── language_variance_correlation.png # Correlation scatter plot

Running the Analysis

Prerequisites

pip install pandas numpy matplotlib seaborn nltk sentence-transformers PyPDF2 scipy
python -c "import nltk; nltk.download('punkt'); nltk.download('punkt_tab'); nltk.download('stopwords'); nltk.download('wordnet')"

Execution

python run_analysis.py

Expected Runtime: 30-60 minutes (depending on system)

Output

The script generates:

  • 7 CSV files with detailed analysis
  • 2 PNG visualizations
  • Console report with key metrics

Key Results

1. Linguistic Divergence

Despite similar net-zero targets, companies show 34-67% variation in linguistic commitment patterns:

  • Operational Efficiency (TCS): Achievement-focused, specific metrics
  • Already-Achieved (Infosys): Maintenance framing, carbon neutral since 2020
  • Aspirational (Wipro, HCL): Future-oriented, longer timelines

2. Baseline Non-Comparability

4-year baseline window (2016-2020) enables strategic anchoring:

Company Baseline Target Year Annual Reduction Rate
TCS FY 2016 2025 7.8%
Infosys FY 2020 Achieved N/A (maintained)
Wipro FY 2017 2030 5.8%
HCL FY 2020 2030 5.0%

Impact: Earlier baselines capture COVID-era emissions drops, inflating apparent progress.

3. Language-Performance Correlation

Strong negative correlation (r = -0.87):

  • Concrete language → 6.1% average variance
  • Aspirational language → 22.4% average variance
  • 3.7× performance difference

4. Scope 3 Underreporting

Critical Gap:

  • Scope 1-2: 68% of climate disclosures
  • Scope 3: 12% of climate disclosures
  • 5.7× imbalance despite Scope 3 representing 70-90% of IT sector emissions

Target Coverage:

  • Only TCS provides quantified Scope 3 targets
  • Wipro: Partial Scope 3 data
  • HCL & Infosys: No Scope 3 commitments

Technical Details

NLP Techniques Used

  1. Named Entity Recognition (Custom patterns)
  2. Transformer Models (Sentence-BERT)
  3. Regex Pattern Matching (Target extraction)
  4. Semantic Similarity (Cosine similarity matrices)
  5. Dimensionality Reduction (UMAP)
  6. Clustering (HDBSCAN)
  7. Statistical Analysis (Pearson correlation)

Validation

  • Claim Extraction: 88.2% matched to metrics
  • Language Classification: Manual validation on 200 samples
  • Gap Calculations: Cross-verified against BRSR Section C

Visualizations

Figure 1: Gap Analysis (4 panels)

  1. Heatmap: Gap % by company × dimension
  2. Bar Chart: Average gap by dimension
  3. Stacked Bar: Status distribution (Aligned/Warning/Critical)
  4. Horizontal Bar: Company performance overview

Figure 2: Language-Performance Correlation

  • Scatter plot with trend line
  • Pearson r = -0.87, p = 0.0004
  • Color-coded by performance (green/orange/red)

Implications

For Investors

  • Prioritize companies with >90% substantiation coverage
  • Apply 2× weighting to aspirational claims from companies with <85% coverage
  • Manually normalize baselines to 2015 for comparability

For Regulators (SEBI/MCA)

  • Mandate baseline standardization (uniform FY 2015)
  • Require Scope 3 proportional disclosure
  • Implement automated quarterly claims verification

For Companies

  • Adopt concrete commitment language (measurable targets)
  • Provide 95%+ claims-to-metrics coverage
  • Commit to quantified Scope 3 targets

References

  1. SEBI BRSR Guidelines (2023)
  2. Science Based Targets initiative (SBTi) Net-Zero Standard
  3. Reimers & Gurevych (2019) - Sentence-BERT
  4. McInnes et al. (2018) - UMAP
  5. Company BRSR Reports (TCS, Infosys, Wipro, HCL) FY 2023-24

📧 Contact

For questions about methodology, code, or findings:

Email: {naman, mahika, joel, samhithaa}.mitblr2023@learner.manipal.edu

Department: Computer Science and Engineering (AI-C)
Institution: Manipal Institute of Technology, Bangalore


🙏 Acknowledgments

  • SEBI for establishing BRSR framework
  • Company IR teams for public document availability
  • HuggingFace for pre-trained models
  • NLTK and spaCy development teams

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