Putting AI to Work for Better ESG Data
Environment, social, and governance (ESG) reporting has never been easy—and with pressures rising from investors, corporate leaders, and the government, organizations are struggling to meet the needs of all stakeholders.
Facility managers must grapple with reaching and documenting progress toward ESG goals that align with the desires of sustainability-minded investors while boards and corporate leaders argue that ESG is expensive, ineffectual, and not worth the effort.
COMMENTARY
All the while, the Securities and Exchange Commission (SEC) is working harder than ever to promote more transparency in ESG reporting, with new rules that require at least 80% of assets in funds labeled for ESG to be used for that purpose.
The Problem with ESG Reporting
Despite the controversy ESG reporting begets, it is an important way for stakeholders to hold organizations accountable to the sustainability goals they set, especially as the climate crisis continues to worsen. The World Economic Forum explains that ESG reporting “provides evidence of the commitment to ESG targets and values by documenting carbon footprint, energy efficiency, pollution, human rights, and diversity and inclusion, within the organization and across the supply chain.”…
