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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Businesses face increasing pressure from their investors, customers, employees, regulators, and other stakeholders to promote their ESG goals in the transition to a more sustainable economy. Many businesses look to effect more impactful changes by addressing systemic issues through collaboration with other participants in their industry. This, however, creates risks that require careful management to avoid running afoul of competition laws.
Many competition enforcers have provided guidance to help companies resolve this tension and encourage lawful collaboration at the industry level, but others have recognized that there is no sustainability exception to antitrust laws and declined to provide guidance to help businesses navigate the intersection of ESG and competition laws. Still others have threatened and even initiated enforcement action against “climate cartels” on theories that sound in antitrust law.
Businesses engaged in ESG and sustainability efforts need to keep up-to-date with the changing enforcement and regulatory landscape, understand the growing body of guidance across jurisdictions, and distinguish the reality from the rhetoric of some enforcers to fully understand their antitrust risks and ensure that they remain compliant with competition laws.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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