IBM has announced a new AI-driven software to help businesses address sustainability and climate risks.
The World Economic Forum listed extreme weather, climate action failure and human-led environmental damage as the top three likely risks for businesses during the next decade and IBM has looked to tackle this issue.
Its new software looks to automate the management of environmental risks and help with carbon accounting and reduction to meet environmental goals.
IBM has stated the tool combines AI, weather data, climate risk analytics and carbon accounting to help businesses form a more rounded sustainability plan.
Kareem Yusuf, General Manager at IBM AI Applications, said: “The future of business and the environment are deeply intertwined. Not only are companies coping with the effects of extreme weather disruptions on their operations, they’re also being held increasingly accountable by shareholders and regulators for how their operations impact the planet.
“IBM is bringing together the power of AI and hybrid cloud to provide businesses with environmental intelligence designed to help them improve environmental performance and reporting, create more efficient business operations to reduce resource consumption and plan for resiliency in the face of climate disruptions.”