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What is Environmental, Social, and Governance Framework

Chapter 13
Social and Ethical Implications of AI in Finance for Sustainability
It is a framework for assessing how an entity can adversely affect environmental, social, or governance issues. Sustainability remains a buzzword in various fields. In business, businesses have come to understand the need to ensure that their operations conform to environmental practices. Companies are directed by the ESG criteria to act responsibly so that the sustainability of the environment will make the modern world fairer.
Published in Chapter:
Investigation Into the Barriers to AI Adoption in ESG Integration and Identification of Strategies to Overcome These Challenges
Siriyama Kanthi Herath (Clark Atlanta University, USA) and Laksitha Maheshi Herath (New York University, USA)
Copyright: © 2024 |Pages: 26
DOI: 10.4018/979-8-3693-2881-1.ch013
Abstract
This chapter examines AI and its role within the landscape of business and technology, teeming with ESG integration. It sheds light on how AI presents meaningful alternatives to existing environmental problems and suggests ways regional and national governments can find solutions to sustainability issues. The ethical elements of these technologies form the focus of the essay, while forecasts, ethical supply chains, and enforcement of regulations loom ahead. The AI-ESGI convergence provides growing space for firms whose focus is sustainability to conquer a more diversified customer base by fostering green strategies. It is this alignment of smart approaches and efficient technologies that promises the future of sustainable development. A glimmer of hope is ignited.
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