The State Bank of Vietnam published a recap of a Banking Times roundtable in Hanoi on using artificial intelligence in sustainability reporting in the banking sector, centred on ACCA’s view that AI can assist across ESG information production but cannot substitute for human critical thinking and assessment. The write-up sets out an eight-stage sustainability information cycle from defining reporting objectives through to verification and continuous improvement, and positions AI as a tool to support data collection, analysis and reporting throughout. It identifies two main obstacles to AI-enabled ESG reporting as insufficient quality data and weak interoperability across financial and non-financial systems, and the risk of incorrect decisions where users misunderstand AI’s limits or rely on outputs without human validation. It also flags professional ethics expectations for finance and accounting professionals using AI, and notes potential environmental impacts of AI infrastructure and use, including data-centre water consumption and high energy use for some generative AI tasks.
State Bank of Vietnam 2025-05-22
State Bank of Vietnam highlights how AI can support but not replace human judgement in banks’ sustainability reporting
The State Bank of Vietnam summarized a Banking Times roundtable in Hanoi on AI in sustainability reporting for banks. ACCA believes AI aids ESG information production but can't replace human judgment, detailing an eight-stage sustainability information cycle. Challenges include data quality, system interoperability, AI over-reliance risks, ethical concerns, and AI infrastructure's environmental impacts.