Exploring AI's Role in Mapping Corporate Assets for Data Efficiency

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter delves into the challenges institutions face in monitoring assets of companies in hardware-centric industries like mining and oil drilling. It explores the transformative role of AI in improving asset management, integrating locations, and enhancing overall operational efficiency.

In this week's episode of the ESG Insider podcast, we bring you coverage of the annual S&P Global Sustainable1 Summit held in London on May 8.

We sit down with panelists on the sidelines of the event to discuss key conference themes, including data challenges related to climate, nature and the energy transition; the role that technology and innovation can play in addressing these challenges and the potentially transformative role of AI; and the challenge of sustaining economic growth in emerging markets while accelerating the transition.

"We don't have enough actual innovation, we don't actually have enough quantum of finance going into developing countries," says Sagarika Chatterjee, Climate Finance Director and Finance Lead for the UN Climate Change High-Level Champions. "This is absolutely critical because this is where a lot of the emissions is going to come from. We can't change the past and the energy system of the past, but we can try to change the carbon that we have in future.”

For emerging markets and developing countries, "the lack of data is the biggest problem," says Budha Bhattacharya, Head of Systematic Research at Lombard Odier Investment Managers. If companies in developing economies embrace sustainability, "a huge amount of capital unlocks," he tells us.

Christopher Johnstone, a partner at management consultant Oliver Wyman, highlights the need for more asset-specific data to understand how companies will be impacted by climate change and biodiversity loss, and he explains the role AI could play here. He also talks to us about how approaches to sustainability are evolving around the world.

"Historically people have seen the climate, sustainability or the ESG agenda as being a very Western agenda," Christopher says. "What I am more and more seeing is this is a core topic across lots of different emerging market economies — even a large number of economies that would traditionally be seen as oil-based. They see the energy transition as actually being a key economic enabler and a growth lever as they look to move away from oil over time."

Listen to our interview from the S&P Global Sustainable1 Summit with International Sustainability Standards Board Vice Chair Sue Lloyd: https://www.spglobal.com/esg/podcasts/issb-vice-chair-sue-lloyd-talks-aligning-sustainability-standards-across-jurisdictions

Less than half of the leading listed companies in the US have a net-zero target, according to the S&P Global Sustainable1 Net-Zero Commitments Tracker dataset. Read the research: https://www.spglobal.com/esg/insights/featured/special-editorial/net-zero-commitments-are-still-the-exception-for-top-us-companies-not-the-rule

Read our research that uses the S&P Global Sustainable1 Nature & Biodiversity Risk Dataset to assess nature-related impacts and dependencies across a company’s direct operations: https://www.spglobal.com/esg/insights/featured/special-editorial/how-the-world-s-largest-companies-depend-on-nature-and-biodiversity

Read research that uses the S&P Global Sustainable1 Physical Risk Exposure Scores and Financial Impact dataset to quantify the financial costs of climate change physical risks for companies: https://www.spglobal.com/esg/insights/featured/special-editorial/quantifying-the-financial-costs-of-climate-change-physical-risks

We’ll be back next week with more coverage from the S&P Global Sustainable1 Summit in London. The next leg of the Summit will take place in Tokyo on June 6. Learn more here: https://www.spglobal.com/esg/events/summit-2024

This piece was published by S&P Global Sustainable1, a part of S&P Global.

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.