Regulatory landscape and industry standards
As environmental, social, and governance (ESG) reporting becomes a standard measure of a business’s ability to be successful, regulation and industry standards are gaining importance. This section explores the evolving regulatory environment and industry standards that shape sustainable and responsible technology development.
Overview of relevant regulations and policies
The regulatory landscape for technology is complex and rapidly evolving, with various jurisdictions implementing different approaches to address emerging challenges. Some key regulations and policies include the following:
- General Data Protection Regulation (GDPR): Implemented by the European Union (EU) in 2018, the GDPR sets strict rules for data protection and privacy. It has become a global benchmark for data protection regulations, influencing policies worldwide.
- AI Act: Proposed by the European Commission, this regulation aims to establish a...
