AI in ESG for Financial Institutions: An Industrial Survey

arXiv:2403.05541v1 Announce Type: cross
Abstract: The burgeoning integration of Artificial Intelligence (AI) into Environmental, Social, and Governance (ESG) initiatives within the financial sector represents a paradigm shift towards more sus-tainable and equitable financial practices. This paper surveys the industrial landscape to delineate the necessity and impact of AI in bolstering ESG frameworks. With the advent of stringent regulatory requirements and heightened stakeholder awareness, financial institutions (FIs) are increasingly compelled to adopt ESG criteria. AI emerges as a pivotal tool in …

abstract artificial artificial intelligence arxiv cs.ai cs.cy cs.lg environmental esg financial financial institutions financial sector governance impact industrial integration intelligence landscape paper paradigm practices q-fin.cp sector shift social survey surveys type