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

Author

Listed:
  • Anna Viktorovna Shkalenko

    (Research Sector, Moscow Polytechnic University, 107023 Moscow, Russia)

  • Anton V. Nazarenko

    (Faculty of Economics and Management, Moscow Polytechnic University, 107023 Moscow, Russia)

Abstract

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.

Suggested Citation

  • Anna Viktorovna Shkalenko & Anton V. Nazarenko, 2024. "Integration of AI and IoT into Corporate Social Responsibility Strategies for Financial Risk Management and Sustainable Development," Risks, MDPI, vol. 12(6), pages 1-21, May.
    • Handle: RePEc:gam:jrisks:v:12:y:2024:i:6:p:87-:d:1400490
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