Every day, people throughout your organization make decisions—possibly hundreds of them—that either increase or decrease its sustainability. Which supplier should we choose? Do we procure green glass or clear glass for our product? Should we host the conference in London or New York?
Just as artificial intelligence has improved the decisions organizations make to optimize financial performance, improve processes, meet customer needs, and more, it will be critical in helping them reach their climate goals. In fact, because it can gather, complete, and interpret large, complex datasets on emissions and climate impact, A.I. is fundamentally important in helping to manage the full range of climate-related issues.
BCG recently conducted a global survey of 1,000 leaders in A.I. and climate that tells us more about that potential—as well as the barriers getting in the way. We found that 87% of respondents feel that advanced analytics and A.I., or simply “A.I.,” is a helpful tool in the fight against climate change today, but only 43% say that they have a vision for using A.I. in their own climate change efforts.
They see the greatest business value for AI in the reduction and measurement of emissions. In fact, there are many diverse ways in which global leaders can use A.I. to achieve their goals:
Mitigation. A.I. can help measure emissions at the macro and micro levels, reduce the effects of emissions, and remove existing emissions from the atmosphere. In our work, we’ve found that A.I. can help reduce GHG emissions equal to 5% to 10% of an organization’s carbon footprint, or 2.6 to 5.3 gigatons of CO2e if scaled globally.