Sustainability trends in the process industries: A text mining-based analysis

Abstract

Sustainability is widely recognized as one of the most important challenges facing the world today. Companies publish sustainability reports that present their efforts and achievements in meeting sustainability goals and targets. In this paper, text mining is used to identify sustainability trends and practices in the process industries. Four main sectors of the industry are studied: oil/petrochemicals, bulk/specialty chemicals, pharmaceuticals, and consumer products. Our study reveals that the top sustainability focuses of the four sectors are very similar: health and safety, human rights, reducing GHG, conserving energy/energy efficiency, and community investment. Sector-specific sustainability issues have also been identified, for example oil spill prevention in the oil/petrochemicals sector and access to medicine in the pharmaceuticals sector. Environment is identified to be the predominant sustainability aspect in the process industries. The text mining methodology, results, and findings are detailed in the paper.