The Impact of AI on Sustainability Reporting in Accounting

Abstract

Sustainability reporting has gained significant importance in recent years, with organizations increasingly recognizing the need to report on their environmental, social, and governance (ESG) performance. The traditional methods of collecting and reporting ESG data are often manual and time-consuming, leading to errors and inconsistencies. The emergence of Accounting, which integrates emerging technologies such as artificial intelligence (AI), blockchain, big data analytics, and robotic process automation (RPA) into the accounting profession, provides an opportunity to enhance the quality and effectiveness of sustainability reporting. The integration of AI in sustainability reporting has several potential benefits, including the automation of ESG data collection and analysis, the identification of trends and patterns in ESG data, and the provision of real-time insights into sustainability performance. This research paper investigates the impact of AI on sustainability reporting in Accounting.