Pharos-ESG: A Framework for Multimodal Parsing, Contextual Narration, and Hierarchical Labeling of ESG Report

ArXi:2511.16417v2 Announce Type: replace Environmental, Social, and Governance (ESG) principles are reshaping the foundations of global financial gover- nance, transforming capital allocation architectures, regu- latory frameworks, and systemic risk coordination mecha- nisms. However, as the core medium for assessing corpo- rate ESG performance, the ESG reports present significant challenges for large-scale understanding, due to chaotic read- ing order from slide-like irregular layouts and implicit hier- archies arising from lengthy, weakly structured content.