National Artificial Intelligence Centre (NAIC) releases AI guide for Environmental, Social and Governance practitioners.
October 24, 2024 |
On Monday the NAIC released its 29 page guide for ESG practitioners. to assist them in understanding and integrating artificial intelligence (AI) into their work. The guide advises on responsible AI use aligned with ethical goals and introduces a framework by CSIRO’s Data and Alphinity Investment Management for assessing AI’s impact on ESG and details 27 sector-specific AI use cases and highlights AI’s role in driving positive ESG solutions, including enhancing accessibility and reducing carbon emissions.
The guide:
- highlights a framework designed to enable investors to assess whether companies are implementing AI responsibly, while also considering the ESG risks associated with AI use.
- explains that the framework offers practical insights into how companies can enhance their ESG strategies through AI and
- encourages organizations to consider how AI can scale and accelerate outcomes, particularly in addressing complex ESG challenges, while maintaining careful oversight to mitigate potential risks.
- notes that AI is increasingly being used to drive positive ESG outcomes across various sectors.