In this UN Summer Academy Trend Talk for an informative discussion on the use of AI and digital technology solutions to enhance sustainability reporting in the financial sector. The EU has established as a new sustainability reporting framework, requiring companies to comply with six environmental objectives to become eligible for classification. However, this process can be manual and unstructured, leading to challenges for companies seeking to transition to net-zero. 

To overcome these challenges, digital technology solutions powered by artificial intelligence (AI) can help companies take advantage of the transition towards net-zero. However, trusting AI in the area of sustainability reporting can be a difficult issue to navigate. Companies must ensure that the data used to train AI models is reliable and unbiased, and that the models are transparent and explainable. Additionally, ethical considerations such as data privacy and human rights must be taken into account.

Our guest expert, Toby Sparwasser Soroka, Sustainable Finance, AI & Business Development Lead at Briink discussed how AI can help match financial data and activities to relevant criteria, saving organizations time and effort. Toby discussed the importance of shaping the governance of AI to ensure that it does not perpetuate data biases in sustainable finance to benefit our society as a whole.