Environmental, social, and governance (ESG), sustainability or responsible growth, is an investment, not a cost. The whole point of ESG is to demonstrate that you are a long-term organization that operates responsibly. This entails being transparent and adhering to ESG norms and policies in one’s business.
Businesses that are both profitable and socially responsible are called sustainable. Investors and consumers, as well as staff, local communities, and others are all stakeholders. For them, profit is a tool for increasing share value, social and environmental sustainability, rather than the be-all and end-all for a business itself.
ESG and AI
If we talk about AI implementation in the company, as Environment, Social, and Governance practices suggests, it is crucial. Automating human-made decisions previously could have a tremendous impact on increasing efficiencies, spurring economic development, and alleviating many of society’s current challenges.
ESG studies suggest that over the last 200 years, technological advancements have been the most crucial driver of economic development, with each progressive era altering the way the world works. However, the intensity and scope of labor displacement caused by artificial intelligence could be far more prominent than in earlier technological age. If mismanaged, the result will be widespread unemployment …