AI, particularly Chat-GPt, is becoming crucial for businesses to stay relevant in global trends. The financial sector is adopting ESG principles, with many firms prioritizing sustainability roles to align with ESG reporting. Task Force on Climate-Related Financial Disclosures (TCFD) has developed a framework to disclose climate-related risks and opportunities, with momentum gained in most European countries, and other regions following suit. To aid in sustainability reporting, stock exchanges have established ESG guidelines or are liaising with governments to formulate legal frameworks. I had a conversation with Chat-GPt about the banking sector’s potential benefits, leading to interesting insights.
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