Corporate climate disclosures are considered an essential prerequisite to managing climate-related financial risks. At the same time, current disclosures are imprecise, inaccurate, and greenwashing-prone. We introduce a deep learning approach to enable comprehensive climate disclosure analyses...

This paper develops a novel topic model for text data by conditioning on observables, named the "Conditional Topic Allocation" (CTA). This data-driven method allows identification of latent topics that explain other observable variables. It is particularly suited for small-scale text data, such...