Nasdaq leverages GenAI to streamline ESG disclosures and sustainability analysis, reducing manual effort and enhancing data accuracy.
Nasdaq has introduced a GenAI-powered serverless platform to aid in sustainability and environmental, social, governance (ESG) disclosures. This platform, Nasdaq Sustainable Lens, is built using Amazon Bedrock and AWS Lambda. It aims to reduce the manual effort required for ESG reporting by analyzing vast amounts of unstructured data and documents.
Nasdaq’s investor relations platform, Nasdaq IR Insight, helps customers manage investor events, report to executive teams, and find new investors. With the new ESG requirements, customers faced challenges processing large volumes of unstructured data. To address this, Nasdaq developed Sustainable Lens, an AI solution that automates the analysis of tens of thousands of disclosed documents, saving significant manual effort.
The GenAI solution offers multiple benefits. Customers can quickly benchmark against competitors, align with regulations and frameworks, and monitor sustainability and ESG trends. This on-demand insight capability transforms how companies manage their ESG reporting, making the process more efficient and comprehensive.
Nasdaq’s integration of GenAI enhances the efficiency of ESG disclosures and supports companies in navigating the complexities of sustainability reporting. By leveraging GenAI, Nasdaq empowers its clients to stay ahead of regulatory compliance and market trends, fostering a more sustainable business environment.