Nowadays, the World Bank (WB) researchers and specialists point out that there are three major problems that can be noticed at a global level, namely: (a) the pandemic has seriously weakened the society in which people live, especially due to the fact that everyone might be regarded as profoundly and irreversibly affected by the COVID-19 pandemic and the COVID-19 crisis; (b) the rebellions, the civil wars, and all forms of fights and of wars that are taking place or that recently took place in the society are coming to raise even further the gap between individuals and communities, increasing inequalities and discriminatory behavior as well as economic, social, and political problems; and (c) the climate change represents the result of irresponsible human actions and Organizations’ activities, which has come to generate, on a regular basis, disasters at a global level (World Bank (WB), 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?