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The European Union is actively reshaping the business landscape with new regulations that companies must navigate. Understanding these regulations is crucial for any business operating within or engaging with the EU market. Key regulations include the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive, which emphasize transparency and accountability in sustainability practices.
The German Supply Chain Due Diligence Act sets a high standard for responsible business conduct, impacting companies globally. Additionally, the EU Whistleblower Protection Directive encourages a culture of reporting misconduct without fear of retaliation. The EU AI Act introduces a risk-based framework for AI systems, ensuring ethical development and deployment while maintaining human oversight.
• The EU AI Act imposes stricter requirements on high-risk AI systems.
• New regulations emphasize transparency and accountability in corporate sustainability.
The Act categorizes AI systems based on risk and promotes ethical development.
This directive encourages a culture of openness and accountability in organizations.
This reporting is crucial for compliance with the Corporate Sustainability Reporting Directive.
NAVEX is relevant for providing guidance on navigating complex regulatory landscapes.
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