IBM today launched the Environmental Intelligence Suite, a set of AI-powered software that customers can use to prepare for climate risks that could disrupt operations. By combining AI, weather data, climate risk analytics, and carbon accounting capabilities, the Environmental Intelligence Suite can be used to help organizations assess their impact on the planet while reducing the complexity of regulatory compliance, IBM says.
Companies are facing climate-related damage to their assets, as well as increasing expectations from consumers to perform as environmental leaders. McKinsey predicts that climate change could mean more disruptions in global supply chains, interrupting production and raising costs and prices. At the same time, shoppers are seeking out — and are willing to pay a premium for — environmentally-friendly products, according to recent studies from GreenPrint and others.