Nowadays, specialists are getting more and more concerned with the idea of governance for development; in this given context, the authors introduce the powerful connection that undeniably exists between governance and development, in order to show that there are at least two sides surrounding this powerful relationship, namely: (a) first of all, governance represents the manner in which countries are managed, mainly, but not exclusively, in terms of their economic and social resources (Word Bank (WB), 1992); while (b) second of all, development may only be regarded as having positive implications in those cases in which the focus is on Sustainable Development (SD), responsibility, equity and inclusiveness, effectiveness and efficiency, as well as accountability (Word Bank (WB), 1992; United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), 2023).
Published in Chapter:
Exploring the Synergies Between Environmental Social Governance and AI for Business Sustainability: Tackling Climate Adaptation, Mitigating Climate Change Efforts, and Pursuing Climate Justice
Cristina Raluca Gh. Popescu (University of Bucharest, Romania & The Bucharest University of Economic Studies, Romania) and Arturo Luque González (Universidad Técnica de Manabí, Ecuador & Observatorio Euromediterráneo de Espacio Público y Democracia, Ecuador)
Copyright: © 2024
|Pages: 41
DOI: 10.4018/979-8-3693-1151-6.ch001
Abstract
Investigating the unprecedented and not yet fully known impact of artificial intelligence (AI) for business sustainability in digital ecosystem implicates acknowledging and reshaping the pivotal role played by the environmental social governance (ESG) framework used to assess efficiency, performance, and international strategies in terms of business practices. What is more, achieving the Sustainable Development Goals (SDGs) by benefiting from guidance from ESG, as well as intelligence demonstrated by computers, may present both opportunities and risks, depending on the perspectives taken into consideration. Furthermore, building a culture of sustainability and developing successful sustainable business models have the amazing power of fostering climate justice, restoring damaged ecosystems, and developing action plans capable of offering immediate responses to climate change. Can individuals' quality of life and standards of living boost the overall well-being of societies when businesses are becoming more sustainable? Are the global living standards moving in the right direction?