With so much emphasis on generative AI, it’s easy to think that this is the only direction the world’s leading technology companies are heading when it comes to developing and launching new products. However, while generative AI is undoubtedly leading the conversation and, in many cases, is at the top of the priority list, other innovations continue.
One such example is C3 AI’s latest environmental, social, and governance (ESG) developments: the company has partnered with ESG Book, an ESG data and scoring leader. The core aim of the partnership is to supercharge ESG analytics and help ESG teams define and meet their goals more quickly and with greater context.
Tackling ESG Challenges
Among the biggest challenges for ESG teams today is the ability to consolidate and understand data and adhere to shifting regulations to present accurate and relevant reports while using this information to mitigate risk.
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C3 AI‘s existing application, C3 AI ESG, already enables users to manage their ESG strategy, automate reports, analyze data from multiple sources, find opportunities, and develop and implement sustainability strategies. With the ESG Book partnership, the company can now provide their customers with greater context and critical metrics on which to base their performance.
Tapping into ESG Book will enable C3 AI to provide its customers with a large volume of real-time data around corporate ESG and climate performance from over 50,000 global enterprises. This critical resource will help companies understand how they are progressing with their ESG performance goals and how this compares to the broader industry.
Better ESG Decisions
Finding transparent and accessible ESG data has been a challenge historically. However, ESG Book has streamlined the process. Combined with C3 AI’s AI-driven ESG application, this data will enable users to achieve their sustainability goals faster, develop more ambitious targets, and make better ESG decisions in context.
“Leaders using C3 AI ESG are dramatically transforming how they manage ESG strategy and performance with AI insights that reveal new avenues of significant opportunity for value creation, including knowing early on when a long-term emissions plan is off track or when new stakeholder priorities are emerging such as discussions around biodiversity,” said Ed Abbo, President and CTO at C3 AI in a press release. “Combining the power of our industry-leading AI models with ESG Book’s global datasets ensures that our customers can continue to set and meet ambitious ESG goals with confidence.”
Closing Thoughts
This new C3 AI collaboration is a significant example of the power of partnerships. While C3 AI currently has the technology to take the pressure off ESG teams and enable the fluid management of ESG in an organization, the data afforded by ESG Book is enhancing the features already available in the application.
C3 AI enables massive efficiency gains across multiple business processes with its comprehensive suite of applications. ESG is one prominent area where companies are seeing a growing requirement to adapt and conform to shifting regulatory reporting requirements. C3 AI is addressing this need while at the same time, once more, showing what’s possible when you have the correct data at your fingertips.
