Leading sustainability technology platform, Clarity AI, uses AWS’s generative AI, machine learning, and analytics capabilities to measure sustainability and social impact of companies and funds
November 27, 2023 03:01 AM Eastern Standard Time
LAS VEGAS–(BUSINESS WIRE)–At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Clarity AI, a leading technology company that delivers environmental and social insights to ensure that companies and consumers invest and purchase sustainably, is all in on AWS. Clarity AI’s platform analyzes millions of data points to help investors track, measure, and optimize the social and sustainability impact of their investment portfolios and comply with regulatory reporting. These insights empower 150 million shoppers to purchase from sustainable brands and help investors direct more than $30 trillion in funds toward companies that produce positive environmental impacts.
“Working with customers like Clarity AI, we believe that choice and security are the winning combination that will help organizations make the most of generative AI to reimagine experiences for customers.”Post this
“AWS provides the cloud services, flexibility, and scale we need to be a data-driven company, to unlock the power of AI, and to deliver critical sustainability insights to investors, consumers, and organizations making key decisions that impact our planet and its inhabitants each and every day,” said Ángel Agudo, board director and senior vice president of Product at Clarity AI. “At Clarity AI, our ambition is that social and environmental impact is seen by investors and businesses as a key variable beyond purely financial values.”
Clarity AI runs its mission-critical platforms on AWS and uses AWS generative artificial intelligence (generative AI), machine learning (ML), and analytics capabilities to provide sustainability analysis tools for investing, corporate research, benchmarking, consumer ecommerce purchasing, and regulatory reporting. Using Amazon SageMaker, a fully managed service to build, train, and deploy ML models, Amazon SageMaker Studio, a development environment for ML, and Amazon Elastic Compute Cloud (Amazon EC2) GPU instances, Clarity AI trains up to 7 billion parameterlarge language models (LLMs) and natural language processing (NLP) models. These models detect, manage, and classify millions of unstructured data points from sustainability reports, financial reports, earnings calls, and research documents. Clarity AI then uses this data to pinpoint which companies might be impacted by a specific news event and determine the level of environmental severity. This unbiased information is then shared with investors, researchers, and consumers to help them make sustainable investing and purchasing decisions.
Leveraging cloud capabilities from AWS, Clarity AI’s sustainability technology platform provides clear and objective data on more than 70,000 companies, 420,000 funds, and 400 local governments. Ecommerce companies use the company’s environmental analysis of electronics, fashion and apparel, groceries and household brands, and health and beauty companies to visually identify sustainable brands to shoppers. Clarity AI’s platform integrates with existing ecommerce environments to display badges that recognize a brand’s sustainability performance, allowing environmentally conscious shoppers to reward sustainable practices through their purchases.
Today’s investors and consumers base investment and purchase decisions on reporting frameworks—such as environmental, social, and governance (ESG) reports—that disclose information about an organization’s environmental impact. Investors use the data in these reports to track a company’s environmental and societal impact, but it can be challenging to validate ESG performance data because of the lack of unified reporting standards, evolving ESG regulations, and fragmented data.
Clarity AI developed generative AI models on AWS using Amazon SageMaker to uncover new data points that help clients avoid investing in companies or funds that are engaged in greenwashing or harmful environmental practices. Using NLP models, Clarity AI extracts information, identifies problems, and evaluates the importance of environmental issues. Amazon QuickSight, AWS’s business intelligence service, enables Clarity AI to present findings using modern, interactive dashboards, reports, embedded analytics, and natural language queries. Internally, Clarity AI uses a generative AI–powered chatbot that runs on AWS to handle inquiries from prospective clients, increasing the efficiency of their product specialist team.
The company also relies on AWS to manage security, improve governance, and maintain regulatory compliance. Clarity AI is using Amazon GuardDuty, a threat detection service that continuously monitors AWS accounts and workloads for malicious activity, and AWS WAF as a web firewall to protect against common web exploits and bots that can affect availability and compromise security. AWS security and compliance services have contributed to Clarity AI’s granting of ISO 27001 and SOC 2 Type II certifications.
Moving forward, Clarity AI plans to expand its use of AWS generative AI and machine learning services such as Amazon Bedrock, a service that makes multiple foundation models available via an API, to harness innovative technologies, help them streamline their model development process, and strengthen their inference capabilities.
“Generative AI has the potential to transform every application, business, and industry, and Clarity AI is a great example of how this technology can deliver important benefits for business, society, and the planet, helping the world make more sustainable investments and purchase decisions,” said Matt Garman, senior vice president of Sales, Marketing, and Global Services at AWS. “Working with customers like Clarity AI, we believe that choice and security are the winning combination that will help organizations make the most of generative AI to reimagine experiences for customers.”
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 102 Availability Zones within 32 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Canada, Germany, Malaysia, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
About Clarity AI
Clarity AI is a sustainability technology platform that uses machine learning and big data to deliver environmental and social insights to investors, organizations, and consumers. Clarity AI’s capabilities are an essential tool for end-to-end sustainability analysis related to investing, corporate research, benchmarking, consumer ecommerce, and regulatory reporting. As of September 2023, Clarity AI’s platform analyzes more than 70,000 companies, 420,000 funds, and 400 governments, which represents more breadth than any other player in the market. One way Clarity AI delivers on its mission to bring societal impact to markets is by ensuring its capabilities are delivered directly into clients’ workflows through integrations with partners like BlackRock – Aladdin, Refinitiv an LSEG business, BNP Manaos, CACEIS, and SimCorp. Additionally, Clarity AI’s sustainability insights reach more than 150 million consumers across more than 400,000 merchants on the Klarna platform. Clarity AI has offices in North America, Europe, and the Middle East, and its client network manages tens of trillions in assets and includes companies like Invesco, Nordea, BlackRock, Santander, Wellington, and BNP Paribas.
Contacts
Media contact Clarity AI
Edelman
[email protected]
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