Suz Mac Cormac, Stephanie Sharron, and Oluwabamise Onabanjo authored an article for the Daily Journal explaining how Responsible AI (artificial intelligence) practices in combination with Environmental, Social, and Governance (ESG) frameworks can be applied both to mitigate risk and support a corporation's ESG goals.
"AI holds tremendous promise for corporate growth and opportunity," the authors wrote. "However, use of AI can also adversely impact trust, reputation, and overall corporate operations and performance. By implementing Responsible AI practices, corporate performance as measured against ESG criteria can be bolstered. However, if corporations design, develop, and deploy AI solutions without adequate governance and risk mitigation through Responsible AI practices, ESG efforts may very well be undermined. Those corporations that establish corporate policies and a holistic approach to integrating Responsible AI and ESG frameworks will be best positioned to take advantage of the exciting potential of AI."
Read the full article.