Strategic Focus: Incorporating Generative AI Into Sustainability Reporting And Data Management Decisions
19 Jan, 2024
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Executive Summary
In late 2022, the release of ChatGPT by OpenAI initiated a flurry of activity and hype regarding the use of generative AI (GenAI). Unlike ‘traditional’ AI – which has been steadily gaining traction and growing more advanced over the last decade – GenAI allows users to create something new, such as a fictional story, based on only a few user prompts. Over the past year, corporates have leveraged the capabilities of GenAI for a variety of use cases, with the sustainability office no exception. This report highlights some ways that chief sustainability officers (CSOs) and other sustainability leaders can leverage GenAI in their reporting and management decisions. The report also looks at some of the specific challenges heads of sustainability face when using GenAI and considers how they can overcome those obstacles.
GenAI has infiltrated many corporate functions, including the sustainability office
Applying GenAI to sustainability reporting and data management
Sustainability leaders must develop strategies to overcome unique challenges associated with the technology
Applying GenAI to sustainability reporting and data management
Sustainability leaders must develop strategies to overcome unique challenges associated with the technology
Figure 1. Six ways CSOs can leverage GenAI
Figure 2. Overcoming challenges when incorporating GenAI
Figure 2. Overcoming challenges when incorporating GenAI
Meta, ESG Book, Massachusetts Institute of Technology Sloan School of Management (MIT Sloan), REPFLY, Greenomy, EY, Microsoft, Position Green, Workiva, European Financial Reporting Advisory Group (EFRAG), Apple, Google, MESA, Riverside, McKinsey & Company, Energi.ai, Variant, Scoutbee, Netflix, OpenAI, ServiceNow, University of Texas at Arlington, University of California, Salesforce, IBM, Altana, FalconWindsor, C3 AI, eBay, Clarity AI, Persefoni, Hugging Face, Deloitte, MSCI, Amazon Web Services (AWS)
About the Authors
Jessica Pransky
Principal Analyst
Jessica is a Principal Analyst at Verdantix, specializing in providing insights to sustainability leaders and analysing ESG and sustainability reporting software. She advises …
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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