Integration of AI and IoT into Corporate Social Responsibility Strategies for Financial Risk Management and Sustainable Development

• Published in: Risks (Basel) Vol. 12; no. 6; p. 87
• Main Authors: Shkalenko, Anna Viktorovna, Nazarenko, Anton V.
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.06.2024
• Subjects: AI in financial risk management; Artificial intelligence; Corporate culture; Corporate social responsibility; digital transformation in finance; Financial risk; Innovations; Internet of Things; IoT and corporate responsibility; Management; Social responsibility; Strategic planning (Business); sustainability in corporate strategies; Sustainable development; techno-economic institutions; Technology application; Russia; China
• ISSN: 2227-9091; 2227-9091
• DOI: 10.3390/risks12060087

This research explores the integration of artificial intelligence (AI) and the Internet of Things (IoT) within corporate social responsibility (CSR) strategies, focusing on financial risk management and sustainable development. Employing a novel Coevolutionary multi-paradigm approach to technological development, this study examines how these technologies can be embedded into CSR practices to enhance sustainability and manage risks effectively. The findings reveal that successful integration depends significantly on the adaptability of institutional structures to support technological innovations. This study contributes to the literature by providing a comprehensive analysis of the intersection of AI, IoT, and CSR, highlighting the necessity for robust mechanisms and policies that ensure security, standardization, and sustainable use of emerging technologies. Through this investigation, this research offers a new perspective on leveraging advanced technologies to advance corporate sustainability and risk management objectives.