Leveraging AI to Overcome Environmental, Social, and Governance Compliance Challenges

Leveraging AI to Overcome Environmental, Social, and Governance Compliance Challenges

This IDC Perspective provides options and insights into how businesses in Asia/Pacific can tackle their number 1 challenge, which is ESG compliance requirements, by showcasing innovative AI-infused solutions developed by local and regional technology providers specifically for Asia. Sustainability-based regulations have been steadily ramping up in the West over the past few years, focusing on areas, such as curbing greenhouse gas (GHG) and carbon emissions. In Asia, a number of countries have started to follow suit and levy carbon taxes, such as Japan, Singapore, India, and Indonesia."The concerns over global and regional environmental, social, and governance (ESG) issues will continue to grow, not shrink, ultimately leading to more aggressive regulations in the region. The reality is that sustainability is here to stay. For businesses in the region, the ability to effectively manage these requirements go beyond simple compliance management to impacting financing capabilities and, ultimately, their ability to service their clients. This is why it makes sense to work with technology providers today to develop a robust digital and AI-supported ESG compliance system as soon as possible," says Abhishek Kumar, associate research director, IDC Asia/Pacific.