The adoption of Artificial Intelligence (AI) is set to significantly increase over this decade and will increasingly touch all our lives, whether as individual citizens, employees, or consumers. AI’s progressively wider impact on many sectors thus requires an assessment of its effect on the achievement of the Sustainable Development Goals. Research indeed shows that while AI can be deployed for a wide range of applications to promote sustainability related goals, such as Environmental, Social and Governance (ESG) investing, and enable the accomplishment of over 100 targets across all SDGs, several studies also show that adverse environmental impacts of AI could jeopardise the attainment of these goals. At national, EU and global level, political and regulatory action is shaping to channel the potential of AI towards the goals of the European Green Deal. As highlighted by ACCA’s recent report Ethics for sustainable AI adoption: connecting AI and ESG, accountancy and finance professionals have a key role to ensure that AI adoption happens in an ethical manner, that will yield equitably distributed sustainable long-term benefits, and should consider new AI solutions as part of their toolkit to challenge ‘greenwashing’. As sustainability and ESG reporting standards evolve, AI has the potential to play an outsized role in helping organizations understand, track, and disclose a series of key metrics including carbon emissions that support both green and broader sustainability credentials.
ACCA (The Association of Chartered Certified Accountants) and EY are thus delighted to invite you to a lively session to look at AI through an ESG lens, and discuss questions such as: how can AI be used to advance research about our rapidly changing planet? How can we make sure that AI contributes to a just and safe operating space, and help us understand and address urgent social environmental and ethical challenges? What type of regulatory insight and oversight for AI-based technologies do we need to ensure transparency, safety, and ethical standards, while not hampering innovation? How can looking at AI through an ESG lens help us understand and categorise AI ESG risks and opportunities? What are the synergies between methods for AI risk assessment and ESG risk assessment methods?
Draft programme
Welcome speech by Narayanan Vaidyanathan, Head of Business Insights, ACCA Keynote address by Eva Kaili, MEP and Chair of the Panel for the Future of Science and Technology (STOA), European Parliament Panel moderated by Monica Dimitracopoulos, Global Long-Term Value Leader, EY- Maikki Sipinen, Policy Officer, Artificial Intelligence Policy Development and Coordination, DG CONNECT, European Commission
- Marianne Haarh, Executive Director, Green Digital Finance Alliance
- Christine Chow, Head of Stewardship and Engagement, HSBC Asset Management
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When
7 Dec 2021 @ 11:00 am
7 Dec 2021 @ 12:45 pm
Duration: 1 hours, 45 minutes
Where
Language
English en