Ostrum Asset Management has joined the Collective Impact Coalition for Ethical AI, an initiative led by the World Benchmarking Alliance that brings together more than 58 investors representing over USD 11 trillion in assets under management.
The Coalition recently published an updated version of its expectations for responsible AI governance. It highlights the importance of moving from principles to practical implementation, and of reporting on how AI-related risks are managed throughout the lifecycle of AI systems.
The findings underline the scale of the challenge: since 2022, Coalition investors have engaged with 80 technology companies, out of the 200 assessed by the World Benchmarking Alliance. Yet 62% of the companies assessed still do not disclose any AI principles.
The updated framework is built around four pillars:
- Responsible principles and policies, aligned with relevant international frameworks;
- Clearly defined governance, with responsibilities assigned at executive and board level;
- Effective implementation, including risk management, controls and human oversight;
- Due diligence and impact assessments, proportionate to the risks and designed to identify and address potential impacts on people.
For Ostrum Asset Management, AI governance is a matter of transparency, risk management and long-term resilience. Its participation in this initiative forms part of its ongoing dialogue with companies on how their practices are evolving.
Ostrum Asset Management – Asset management company regulated by AMF under n° GP-18000014 – Limited company with a share capital of 50 938 997 €. Trade register n°525 192 753 Paris – VAT : FR 93 525 192 753 – Registered Office: 43, avenue Pierre Mendès-France, 75013 Paris – www.ostrum.com
