Simplifying sustainability reporting using AWS and generative AI in banking

This article discusses how AWS and generative AI can simplify sustainability reporting for European banks facing new Corporate Sustainability Reporting Directive (CSRD) regulations.

• CSRD will expand sustainability reporting to approximately 50,000 companies
• Banks must process complex sustainability data across thousands of annual reports
• Proposed solution uses AWS services like Amazon Bedrock to automate data extraction and reporting
• Key workflow includes:
  • Uploading reports to Amazon S3
  • Using Bedrock Knowledge Bases to extract and process data
  • Generating regulatory reports automatically
• Solution reduces document processing time from 8-10 weeks to a few hours
• Enables sustainability teams to focus on environmental improvements instead of manual data gathering

The architecture provides a scalable, secure approach to managing increasingly complex sustainability reporting requirements.