Enhancing ESG Impact Type Identification through Early Fusion and Multilingual Models

In the evolving landscape of Environmental, Social, and Corporate Governance (ESG) impact assessment, the ML-ESG-2 shared task proposes identifying ESG impact types. To address this challenge, we present a comprehensive system leveraging ensemble learning techniques, capitalizing on early and late fusion approaches. Our approach employs four distinct models: mBERT, FlauBERT-base, ALBERT-base-v2, and a Multi-Layer Perceptron (MLP) incorporating Latent Semantic Analysis (LSA) and Term Frequency-Inverse Document Frequency (TF-IDF) features. Through extensive experimentation, we find that our early fusion ensemble approach, featuring the integration of LSA, TF-IDF, mBERT, FlauBERT-base, and ALBERT-base-v2, delivers the best performance. Our system offers a comprehensive ESG impact type identification solution, contributing to the responsible and sustainable decision-making processes vital in today's financial and corporate governance landscape.

RDR: the Recap, Deliberate, and Respond Method for Enhanced Language Understanding

Natural language understanding (NLU) using neural network pipelines often requires additional context that is not solely present in the input data. Through Prior research, it has been evident that NLU benchmarks are susceptible to manipulation by neural models, wherein these models exploit statistical artifacts within the encoded external knowledge to artificially inflate performance metrics for downstream tasks. Our proposed approach, known as the Recap, Deliberate, and Respond (RDR) paradigm, addresses this issue by incorporating three distinct objectives within the neural network pipeline. Firstly, the Recap objective involves paraphrasing the input text using a paraphrasing model in order to summarize and encapsulate its essence. Secondly, the Deliberation objective entails encoding external graph information related to entities mentioned in the input text, utilizing a graph embedding model. Finally, the Respond objective employs a classification head model that utilizes representations from the Recap and Deliberation modules to generate the final prediction. By cascading these three models and minimizing a combined loss, we mitigate the potential for gaming the benchmark and establish a robust method for capturing the underlying semantic patterns, thus enabling accurate predictions. To evaluate the effectiveness of the RDR method, we conduct tests on multiple GLUE benchmark tasks. Our results demonstrate improved performance compared to competitive baselines, with an enhancement of up to 2\% on standard metrics. Furthermore, we analyze the observed evidence for semantic understanding exhibited by RDR models, emphasizing their ability to avoid gaming the benchmark and instead accurately capture the true underlying semantic patterns.