Pershing: AI drives responsible, responsive ESG initiatives

Pershing Technology Services Corporation (PTSC), a company deeply committed to corporate social responsibility, sought to enhance the effectiveness of its environmental, social, and governance (ESG) initiatives. Faced with the challenges of inconsistent global ESG standards, diverse stakeholder expectations, complex supply chains, and ever-evolving regulations, PTSC needed a solution to streamline its ESG efforts.

To address these challenges, PTSC, in strategic partnership with IBM, leveraged IBM® watsonx.ai™ technology to investigate and refine its ESG practices. Recognizing the previous limitations in investigation resources, PTSC utilized watsonx.ai to review and train advanced large language model (LLM) algorithms. This led to the development of a new ESG Due Diligence Assistant, empowering staff, auditors, and investors to conduct ESG-related due diligence more efficiently.

The ESG Due Diligence Assistant meticulously analyzes ESG reports and documents, extracting key details and summarizing data in alignment with established examination criteria. This enables PTSC to better align its ESG initiatives with broader corporate strategic directions, ensuring a more integrated and strategic approach to sustainability.

The implementation of the ESG Due Diligence Assistant has significantly reduced the burden of ESG evaluations for stakeholders. By leveraging AI-driven strategic planning and integration, PTSC can now better balance short-term objectives with long-term sustainability goals. This ensures that the company remains responsible and responsive in its ESG efforts.

Value Results:

• 78% Reduction in Investigation Timelines: The ESG Due Diligence Assistant significantly accelerates the due diligence process, saving considerable time and resources.

• Rapid MVP Development: Achieved a minimum viable product in just four weeks, showcasing the speed and efficiency of watsonx.ai implementation.

• Reduced Effort for Complex Analysis: Stakeholders experience a substantial decrease in the effort required for conducting thorough ESG investigations, enhancing decision-making capabilities.

• Improved Strategic Alignment: Facilitates better alignment of ESG initiatives with broader corporate strategic directions, ensuring a cohesive and integrated approach to sustainability.