TL;DR:
- Diligent launches AI-powered benchmarking for ESG in Board Reporting, enhancing sustainability report analysis for boards and executives.
- The AI utilizes a large language model to compare organizations’ focus on ESG topics with industry peers and identify emerging ESG trends.
- Customers can leverage AI to save time and resources in analyzing sustainability reports.
- The pre-trained model covers twenty-six ESG categories, providing a comprehensive understanding of benchmarking against ESG standards.
- Diligent’s ESG board reporting dashboard offers actionable insights and sentiment scores for ESG strategies compared to industry peers.
Main AI News:
In a game-changing move, Diligent, a prominent GRC SaaS company, has unveiled its latest offering: AI-powered benchmarking within Board Reporting for ESG. This groundbreaking feature empowers boards and executives with unparalleled sustainability report analysis. By harnessing the capabilities of a trained large language model (LLM), Diligent AI efficiently scrutinizes a vast repository of sustainability disclosure reports submitted by publicly listed companies. The result? Customers gain instant insights into how their organization’s environmental, social, and corporate governance (ESG) focus stacks up against industry peers while uncovering industry standards and emerging ESG trends.
Adam Bailey, Senior Vice President, and Global Head of Product at Diligent, expressed his enthusiasm about this innovation, stating, “We’re thrilled to add the power of AI to our market-leading solutions. Our customers have been eagerly seeking ways to leverage AI to drive efficiency and mitigate risk, especially in the realm of ESG, where analyzing a wealth of public information can be a time-consuming task. With AI-powered benchmarking in Board Reporting for ESG, we provide intelligent insights while saving valuable time and resources.”
The pre-trained model evaluates twenty-six critical categories across ESG, encompassing greenhouse gas (GHG) emissions, customer privacy, supply chain management, business ethics, and employee health and safety. This comprehensive analysis empowers organizations with an in-depth understanding of how they measure up against ESG standards. As a result, ESG professionals can now bypass hours of reading and analyzing sustainability reports, making their workflows more efficient and informed. Furthermore, boards benefit from actionable insights displayed on Diligent’s ESG board reporting dashboard, complete with ESG sentiment scores, offering a crystal-clear view of a company’s ESG strategy compared to industry peers.
Satheesh Ravala, Chief Technology Officer at Diligent, highlighted the continuous commitment to innovation, stating, “At Diligent, we are constantly pushing the boundaries of our solutions to help organizations stay ahead of the curve. AI holds immense potential to strengthen GRC programs by unlocking significant time savings and delivering intelligent insights. With AI-powered benchmarking as our first stride, customers can now harness the benefits of AI within the world’s most trusted and secure GRC platform.”
Conclusion:
Diligent’s introduction of AI-powered benchmarking in ESG Board Reporting represents a significant advancement in sustainability analytics. The incorporation of a trained large language model enables boards and executives to gain intelligent insights instantly, saving valuable time and resources. This move will likely drive demand for Diligent’s solutions, positioning them at the forefront of the market for GRC platforms and AI-driven ESG analysis. As organizations increasingly prioritize ESG performance, Diligent’s cutting-edge offering aligns perfectly with the evolving needs of the market, providing a competitive advantage for those seeking to stay ahead of the curve.
