2020 CCAR Resubmission
Consulting for Good describes Sia Partners’ ambition to be a purpose-driven company with CSR at its core. Beyond our own policies, practices, and culture, our comprehensive approach integrates CSR into innovative offerings for our clients worldwide, working across our four Labs for Good.
The urgent need to limit the scale of climate change is widely acknowledged.
Sia Partners has been committed to accelerating carbon reduction and the energy transition for 15 years. 12% of our revenue is generated by offerings related to climate change; we help clients in the public and private sectors navigate the on-going global transition to a low carbon economy. Profound mitigation and adaptation are necessary to build a sustainable, resilient world of tomorrow.
Our Climate Analysis Lab is focused on 6 pillars that we believe are key to a successful climate transition:
Companies in all industries have an important social responsibility in relation to their people, communities, and other stakeholders. For sustainable growth, it is crucial that employers optimize their practices and policies to strengthen employee engagement and wellbeing. In our Social Responsibility Lab, we develop offerings to help our clients to do precisely this.
Our offerings include tools and strategies for promoting diversity and inclusion, integrating best practice Industry 4.0 techniques and trends, optimizing remote working practices, and supporting work-life balance.
Additional focus areas for this lab include training & development, burnout and brownout, relocation support, and CSR Policy.
Diversity is not only important for employee wellbeing: it is good for business. How can companies attract more diverse talent? One way to start is by examining gender-coded words in job ads. By leveraging the data science capabilities in our Responsible AI lab, we have developed a scraper tool that detects coded language and suggests alternatives which studies have shown to be less biased. By identifying and correcting gender-bias in this way, users are able to attract a more diverse talent pool and ultimately build a more diverse workforce.
Artificial intelligence is deeply transforming our society and economies. This disruptive technology is creating both new approaches to work and new partnerships between humans and machines, providing opportunities to solve today’s most pressing challenges. While the development of AI creates new opportunities, it also raises new questions about the accountability of AI models, and the need to ensure safeguards for fairness, interpretability, privacy, and security.
As part of our Consulting for Good approach, our Responsible AI Lab aims to ensure the ethical, transparent, and accountable use of AI technologies, both in our own solutions and in the projects we conduct with our clients.
Our Compliance and Data Science teams combine their expertise to help our clients develop responsible AI strategies and principles based on the values of their organization. Our approach serves our clients’ willingness to self-regulate by offering tools to control ethical risks, enhance the clarity and transparency of models, and govern ethical risk. Our mix of business and technical expertise enables us to address the strategic, organisational, and operational aspects of AI ethics.
Sia Partners’ Business and Data Science teams develop tools, guidelines, and additional resources to frame innovation around our AI solutions and accelerators and to develop a strong ethical framework surrounding their use:
Governance: Establishing strong governance with clear ethical standards and accountability frameworks ensuring fairness, accountability, transparency, and clarity.
Design: Develop solutions that comply with ethical AI design standards and make the process transparent
Monitoring: Including algorithmic responsibility, bias, and safety measures in the framework of AI models.
Empowering: Democratizing AI within our organization to develop an AI mindset in our consulting offering: Augmented Consulting
In support of the other Labs, we develop AI solutions and accelerators to build and deploy AI in a manner that empowers people and businesses, and fairly impacts clients and society.
Data Protection and Regulation Compliance
Social well being
Ethics and Compliance are intangible assets that help all types of organizations not only preserve their reputation, but also ensure the loyalty of their clients, investors, and third parties of all kinds, as well as generate new opportunities.
Nowadays, the public is more and more concerned with companies’ practices and their abidance not only with the law, but with ethical standards and best practices.
Sia Partners has designed multiple offerings to guide our clients, of all types and sectors, as they address compliance and ethical topics in a structured and innovative fashion, paying particular attention to the implication of all stakeholders and measurable effectiveness of the programs implemented.
Our international and multicultural approach allows us to address topics such as anti-corruption, where regulation is oftentimes the result of extra-territorial laws and local customs, necessitating a simultaneous need for flexibility, adaptability, and coherence.
In our Ethics & Compliance Lab, we have clearly-defined solutions adaptable to all types of clients, each of them supplemented with cutting-edge tools to provide a comprehensive response to issues related to anti-corruption, AML-CTF, data regulation, and ethics.