Fairness is a fundamental principle that should guide the development and use of AI systems. As this report explores, fairness considerations increasingly influence investment decisions and shape government policies. We must recognise that AI has the potential to perpetuate existing inequalities and biases if not properly addressed. Therefore, incorporating fairness into the design, development, and deployment of AI systems is imperative to ensure equitable outcomes for all.
By embracing ESG principles and integrating fairness into AI strategies, we can not only mitigate risks but also leverage AI’s potential for positive social impact.
The report also sheds light on the growing significance of environmental, social, and governance (ESG) considerations in the AI domain. Fairness plays a pivotal role in the social sphere of ESG, encompassing non-discrimination, transparency, and accountability. By embracing ESG principles and integrating fairness into AI strategies, we can not only mitigate risks but also leverage AI’s potential for positive social impact.