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AEG Comment on CSDS 2 Climate-related Disclosure Standards
After extensive consultation with our members, we must convey that we are in firm disagreement with CSDS 1and CSDS 2 as they are expected to bring about increased costs and uncertainties for businesses, particularly SMEs, with limited advantages for larger corporations, investors, or consumers. We must point out that these standards also contradict the values of a free market system by influencing investor choices and directing capital flows in a manner inconsistent with free enterprise.
After extensive consultation with our members, we must convey that we are in firm disagreement with CSDS 1and CSDS 2 as they are expected to bring about increased costs and uncertainties for businesses, particularly SMEs, with limited advantages for larger corporations, investors, or consumers. We must point out that these standards also contradict the values of a free market system by influencing investor choices and directing capital flows in a manner inconsistent with free enterprise.
Can the Truth Survive AI?
It appears this technology is on its way to both being a ‘gift’ and a ‘curse’. Some have changed and greatly improved aspects of our lives while others have been accused of threats to our civil rights, economy and democracy. AI has moved from an academic theory to quickly becoming a reality – think, facial recognition, self-driving vehicles, smart homes, interpreting medical tests, online shopping and cybersecurity to name just a few.
It appears this technology is on its way to both being a ‘gift’ and a ‘curse’. Some have changed and greatly improved aspects of our lives while others have been accused of threats to our civil rights, economy and democracy. AI has moved from an academic theory to quickly becoming a reality – think, facial recognition, self-driving vehicles, smart homes, interpreting medical tests, online shopping and cybersecurity to name just a few.
