AI, these two letters have completely taken over the technology narratives in 2023 and for good reasons. For many people, it feels overwhelming to think about the possibilities this technology brings, and jobs it could replace.
Instead of fearing it and being in denial, it is necessary for people to learn and understand its capabilities and dangers.
Though it can be said that humanity is far from being threatened by all controlling AI world, it is inevitable that AI technology going to be utilized by many, from large corporations to elementary school students.
From the ESG and impact investing standpoint, AI can be utilized to identify businesses that meet the investors requirements. It is currently inefficient to screen companies from the ESG lenses given all the nuanced information companies post in their statements and marketing materials. AI can help to make this process much more efficient and effortless. Though, it is still a fact that it will take jobs away from people who did the screening before.
As it becomes easier to incorporate ESG and impact investing standards by investors, companies will have to adjust their operation to attract investments.
