GreenFi Launches ESG AI Library for Sustainability Knowledge and Recommendations for Traditional Industries

Singapore & Finland – GreenFi, a global leader in ESG Risk Management Software, today announced its latest innovation: an AI-enabled ESG Knowledge Library designed specifically for traditional industries like financial services and insurance, food and agriculture, fashion and apparels, retail, real estate, consumer goods, and more. This industry first platform tackles a critical challenge of ‘confusions, conflicts, unawareness and indecisiveness’ on ESG data and risk.

No more confusions on what to do or how to respond to ESG risks and incidents, enabling stakeholders with simplifying ESG decisioning by facilitating efficient access to and utilisation of ESG Knowledge Library for informed decision-making.

Addressing the ESG Data Challenge for Traditional Businesses

Traditional industries, particularly financial services, often struggle to effectively access and utilise ESG data for decision making. Existing solutions are fragmented and manual that can lead to delays in obtaining crucial information, impacting accurate decision making for origination of sustainable financing deals, supplier selections, sustainability performance monitoring and regulatory compliance.

GreenFi’s AI-powered ESG Knowledge Base addresses this challenge head-on, empowering businesses to streamline their ESG Due Diligence processes. Built with pre-trained Language Models (LLMs), the platform delivers:

• Accurate and Timely Insights: Access a vetted library of ESG risks, incidents, signals, and tailored recommendations
• Tailored Recommendations: Leverage industry-specific and role-based ESG knowledge library for stakeholders across departments (e.g., relationship managers, risk officers, supply chain managers etc).
• Real-Time Updates: Continuously updated by ESG analysts, get real-time support from a global team of sustainability experts available empowering more comprehensive ESG Due Diligence.

Automating ESG Integration with AI

“GreenFi’s AI-enabled ESG Knowledge-base empowers businesses to eliminate manual efforts, reduce reliance on expensive consultants, avoid navigating through fragmented data systems and gain a single source of truth for navigating ESG risks,” said Barun Chandran, GreenFi’s product lead. “This is a significant milestone in sustainable finance evolution, paving the way for widespread ESG AI adoption across enterprises.”

Use-cases of GreenFi’s ESG library include:

• Loan managers, Risk officers and Investments managers can leverage GreenFi for quick and automated ESG risk assessments on investment deals, receiving tailored recommendations based on relevant KPIs and comprehensive due diligence. This streamlines the loan approval process while mitigating potential risks.
• Supply chain managers gain real-time ESG risk flags across various supplier stages, enabling proactive mitigation strategies at the product level. This empowers businesses to conduct more thorough ESG Due Diligence throughout their supply chains and transform to sustainable supply chain.

GreenFi’s Commitment to Sustainability

Looking ahead, GreenFi anticipates a surge in ESG AI adoption throughout 2024. With dedicated ESG experts and AI teams ready to assist companies in this transition, GreenFi remains committed to driving innovation and sustainability across the global business landscape.

GreenFi is positioned to transform how traditional industries approach ESG, empowering them to make informed decisions, navigate the path toward a more sustainable future, and streamline their ESG Due Diligence processes.

To learn more about GreenFi ESG knowledge library and get free access to it, contact us at hello@greenfi.ai