Articles about ESG

Generative AI has the potential to reshape entire industries and how they operate, and financial services stand out as uniquely poised for AI-driven transformation. McKinsey & Company calls generative AI the next frontier for productivity, estimating that analyzing natural language text -- a core generative AI use case -- accounts for an average of 25 percent of the time people spend in any given enterprise.

The finance industry is a data-driven industry, so it’s no surprise that finance sector firms see big potential in using generative AI to tackle use cases that require assessing enormous amounts of unstructured data, such as company due diligence, know-your-customer (KYC) requirements, sustainability research, and controversy monitoring.

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Environmental social and governance (ESG) policy sees businesses seek to implement ethical practices to safeguard, not just the business, but its ecosystem of partners and customers and the wider world.

We spoke to Tim Wallen, regional director for the UK, US and emerging markets at Logpoint, to discuss the reasons why cybersecurity needs to be incorporated into ESG reporting, and how this can be achieved.

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Today it seems that the issue of Environmental, Social and Governance (ESG) is being talked about everywhere and has become a key focus for enterprise management teams, especially those responsible for risk management. But is this something new, or should it be viewed as part and parcel of a mature enterprise risk management infrastructure?

One thing is for sure. ESG has important implications for a wide range of stakeholders that includes directors, investors, employees, suppliers, and employees for whom performance against ESG objectives counts.

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Big banks once had almost unmatched dominance over the global financial sector. It allowed them to build glittering skyscrapers as their headquarters and helped transform London’s Canary Wharf from disused docks into what is probably Europe’s preeminent financial hub. In recent years, however, that dominance has come under threat from challenger and neo-banks, as well as from innovative fintech startups.

In fact, research released in 2022 shows that as many as 44 percent of UK business banking customers have already switched from a traditional bank to an online one. Almost two-thirds (65 percent) made the switch because they thought the online bank offered a better product. At the same time, the collapse of Silicon Valley Bank and the forced takeover of Credit Suisse by UBS has players across the sector scrabbling to avoid a global banking crisis.

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This year, World Earth Day is challenging organizations and consumers alike to make more sustainable choices and Invest in Our Planet. With sustainability increasingly becoming a boardroom priority, IT buyers are playing a vital role in leading this investment into creating more sustainable business practices.

Intelligent technologies such as IoT and machine learning are a popular example of this. From smart light switches and thermostats to route optimization software, these investments help organizations to reduce their wasted resources and function more sustainably on a day-to-day basis.

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