1、KPMG.Make the D 2024ESG in the age of AI2|ESG in the age of AIExecutive summaryAs businesses continue to mull over the best ways of adopting artificial intelligence(AI),one cannot overlook its role in helping streamline key processes across sectors.When applied mindfully,a powerful digital technolog

2、y such as AI can be immensely useful in helping businesses meet their environment,social and governance(ESG)goals for a longer-term impact.Today,business leaders around the world and in India are aware that ESG is extremely important for ensuring business goals and long-term sustainability.Findings

3、of the KPMG 2023 India CEO Outlook show that CEOs increasingly recognise ESG for what it isan integral part of their operations and corporate strategies for building productive sustainable businesses.To this effect,69 per cent of global CEOs have fully embedded ESG into their business to create valu

4、e and 54 per cent of CEOs in India have done the same.Balancing ESG goals with profitability ambitions is a tremendous challenge for companies.Quantifying ESG performance and progress towards the targets through pertinent ESG disclosures are critical at a time when both stakeholders and regulators e

5、xpect relevant and accurate data at par with financial disclosures.Companies in India are making concerted efforts to reveal their ESG performance;however,articulating a convincing ESG story to stakeholders remains a challenge.The rising inquisition into companies ESG commitments and their results h

6、as compelled CEOs to focus on improving transparency and performance in meeting these goals and avoiding greenwashing.There are many ways in which AI tools can help achieve near-term and long-term ESG ambitions.Collating large quantities of data on ESG metrics,forecasting emissions,linking emissions