easIE: Easy-to-Use Information Extraction for Constructing CSR Databases From the Web

Public awareness of and concerns about companies' social and environmental impacts have seen a marked increase over recent decades. In parallel, the quantity of relevant information has increased, as states pass laws requiring certain forms of reporting, researchers investigate companies' performance, and companies themselves seek to gain a competitive advantage by being seen to operate fairly and transparently. However, this information is typically dispersed and non-standardized, making it complicated to collect and analyze. To address this challenge, the WikiRate platform aims to collect this information and store it in a standardized format within a centralized public repository, making it much more amenable to analysis. In the context of WikiRate, this article introduces easIE, an easy-to-use information extraction (IE) framework that leverages general Web IE principles for building datasets with environmental, social, and governance information from the Web. To demonstrate the flexibility and value of easIE, we built a large-scale corporate social responsibility database comprising 654,491 metrics related to 49,009 companies spending less than 16 hours for data engineering, collection, and indexing. Finally, a data collection exercise involving 12 subjects was performed to showcase the ease of use of the developed framework.