Accelerating Sustainability through Leveraging Machine Learning to Analyze CSR Spending in the Indian Automobile Industry
This paper uses machine learning to assess Corporate Social Responsibility spending trends on the Indian automobile sector between 2016 and 2021. Simply put, the aim of the research is to recognize trends and patterns in sustainability expenditures. More specifically, the study examines how businesses allocate money across the three important aspects of the sustainability report: People, Planet, and Profit Purcell, 2020. The research is based on a largely industry-based database obtained from public companies’ records. The use of advanced statistical techniques, such as machine learning and random forest modeling, enables one to examine the impact of financial allocations on sustainability achievements. Increments in CSR spending are related to enhanced company sustainability performance in terms of correlation outcomes. The paper also recognizes areas where cost cuts have the best returns, as well as shortfalls in the existing CSR approach, offering a strategy for possible development’s.
Authors
- Kottala Sri Yogi (ORCID: https://orcid.org/0000-0002-3671-7420)
- Ved Srinivas (ORCID: https://orcid.org/0000-0002-8190-1032)
- Dankan Gowda (ORCID: https://orcid.org/0000-0003-0724-0333)
- Santosh Aghav (ORCID: https://orcid.org/0000-0002-6641-3348)
- Ibrahim Abdullah (ORCID: https://orcid.org/0000-0002-3070-2041)
- Anwesha Pati
Institutions
- Symbiosis International University (IN)
- Al-Turath University (IQ)
Publication Details
- Published
- 2024-08-08
- DOI
- https://doi.org/10.1109/iccpct61902.2024.10672645
- Citations
- 4
- Primary Topic
- Digital Transformation in Industry
- Type
- article
- Field-Weighted Citation Impact
- 1.40