Here’s something that caught my attention: glitter. From a short article in CFO Dive:
“Citadel Credit Union CFO Anand Solanki, speaking at the Money20/20 fintech conference in Las Vegas on Oct. 27, said that when estimating return on investment from artificial intelligence apps, CFOs should avoid being blinded by the ‘glitter.’”
I find this amusing because for years, I’ve cautioned that sustainability value in equities has to have a sound financial basis rather than just “sprinkling ESG fairy dust on your stock.” AI is this year’s glitter or fairy dust.
Here’s more from the article illustrating parallels between the pursuit of ROI in AI and sustainability:
“Financial executives aiming to avert wasteful spending on AI should focus first on the problem that needs solving rather than on myriad solutions promoted by hundreds of software companies. In the assessment of various AI options, a CFO should lead a bottom-up company effort, providing clear guidance and setting detailed benchmarks for comparison.”
Boy, do sustainability teams have a lot of stories they can tell the AI folks. Yet another reason why in-house sustainability and AI teams should go have a long lunch together.
Members can learn more about the business value/ROI of sustainability here.
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