What’s changing: Artificial Intelligence (AI) is rapidly transforming industries across the globe, driving efficiency, innovation, and economic growth. AI is expected to be worth $22.17 trillion to the global economy by 2030.
Why it matters: As we navigate this technological revolution, understanding the environmental and social impact of AI becomes crucial for investors. While AI can be a powerful tool for investors and assist in the collection and distribution of climate data, its use comes with increased energy costs. Responsible AI practices can mitigate risks, however, and have direct implications for how investors utilise climate data.
The use case: Climate investment is a data-heavy practice, and the use of AI technology already pervades much of industry, including the data gathering and emissions estimation processes, and in aggregation for reporting. Altiorem is a not-for-profit organisation that acts as a portal to responsible investment research reports from around the world. They have recently incorporated AI into their platform, to positive effect.
AI and increased energy use: It requires ten times as much energy to run a Google search using AI as it does to run a normal Google search. This increased energy demand has real-world implications for the data centre industry – Cushman & Wakefield estimates that Australian data centres will become the largest industrial demand load, bigger than aluminium smelters and LNG plants.
The industry development worth exploring: CSIRO and Alphinity have examined the ESG implications of AI and have recently released a framework designed to help investors assess the integration of Responsible AI across all sectors.
In this session:
We will explore the climate risks and opportunities associated with AI, and how the Responsible AI framework supports stronger integration of AI-related risks and opportunities into climate investment practices.
- Pablo Berutti, Founder & Managing Director at Altiorem, will share how Altiorem’s use of AI has increased their effectiveness.
- Alex Moffatt, Australia Lead – Asia Pacific Data Centre Advisory Team for Cushman & Wakefield, will examine the energy use implications of AI in terms of increased data centre demand.
- Jessica Cairns, Head of ESG and Sustainability at Alphinity Investment Management and a key contributor to the responsible AI integration framework, will present tools available for responsible AI measurement.
Join us to gain valuable insights and stay ahead in the rapidly evolving landscape of AI and ESG.
Please register to attend below:
Featured speakers
Pablo Berrutti,
Founder & Managing Director, Altiorem
Pablo Berrutti has deep investment and financial services experience including responsible investment, risk management, marketing, communications and strategy. He is currently a senior investment specialist for Stewart Investors and was formally the Head of Responsible Investment, Asia Pacific for Australia’s second largest fund manager.
Jessica Cairns,
Head of ESG and Sustainability, Alphinity Investment Management
Jessica joined Alphinity in August 2020 in the newly created role of ESG & Sustainability Manager to support the firm’s assessment and integration of ESG-related matters.
Jessica also assists the Sustainable Share Fund Compliance Committee in its efforts to define an investment universe which consider companies’ contribution towards achieving the UN’s Sustainable Development Goals.
Alex Moffatt,
Australia Lead – Asia Pacific Data Centre Advisory Team, Cushman & Wakefield
Alex leads data centre transaction advice and management across Australia for Cushman and Wakefield. He is a Director in the Capital Markets Alternative Investments team with over 20 years of experience in real estate advisory and transaction services. Transaction experience covers in excess of AUD$1BN of land with project end value in excess of AUD$5BN.