Introduction
In April 2024 BIS Working Papers indicated the impact of artificial intelligence on output and inflation on sectoral and aggregate employment and how public policy should foster AI adoption. Inspecting individual sectors and performing counterfactual exercises found that a sector's initial exposure to AI has little correlation with its long-term increase in output. However, output grows by twice as much for the same increase in aggregate productivity when AI affects sectors producing consumption rather than investment goods.
In May 2024 Thomson Reuters explored the impact of ESG-related class action claims on retail businesses, offered mitigation strategies, and highlighted the importance of proactive measures. By implementing robust mitigation strategies, adhering to regulatory guidelines, working across all business divisions from the board to the marketing and social media teams, retail owners and operators can mitigate the risks associated with greenwashing litigation while safeguarding their reputation and ensuring long-term success in an increasingly ESG-conscious marketplace.