A Review Of The Application Of Artificial Intelligence (Ai) And Its Impact On A Firm's Environmental, Social And Governance (Esg) Performance
DOI:
https://doi.org/10.64252/tcz9nt03Keywords:
Keywords: AI, Artificial Intelligence, ESG, Environment, Social, Governance, SustainabilityAbstract
Abstract
The application of artificial intelligence (AI) and its implication on environmental, social, and governance (ESG) performance in businesses are examined in this paper. The usage of artificial intelligence (AI) technologies presents unparalleled prospects to augment sustainability endeavors, alleviate hazards, and elevate overall company accountability. This study looks at the different ways AI is being used to address ESG issues, like diversity and inclusion programs, climate risk assessment, ethical governance frameworks, and circular supply chain management (Božić, 2023b). A detailed literature review has been done to examine various aspects.
Additionally, this study examines the possible difficulties and moral dilemmas related to the application of AI in ESG settings. Through the integration of prior research and case studies, this study seeks to offer insights into the changing landscape of AI-driven ESG practices and their implications for corporate sustainability and responsibility.