Harnessing artificial intelligence (AI) for a sustainable future

AI as a multifaceted technology is increasingly playing a crucial role in advancing environmental, social, and governance (ESG) initiatives. However, the rapid advancement of AI-related technology presents risks in cybersecurity, data bias and carbon footprint. How can we harness AI responsibly and ethically to mitigate these challenges?

This publication, the fourth of a series between Bank of Singapore and EY, discusses how business owners, investors and philanthropists can apply AI-powered tools to complement strategies in aiding sustainable development.

 

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Use cases of AI in businesses

  • Streamlining ESG monitoring and reporting to meet evolving regulations and stakeholder expectations
  • Enhancing supply chain traceability and transparency to enable responsible sourcing

Opportunities in sustainable investing

  • Harnessing AI’s predictive capabilities to identify opportunities in sustainable investing
  • Helping investors to make more informed decisions through accurate analysis

AI as an enabler of philanthropy

  • Aiding non-profit organisations in improving efficiency, such as in grant writing, fundraising and donor prospecting
  • Optimising resource allocation

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