With AI-related risks being inherently global in nature, the hope and anticipation is that there will be a suitably robust regulatory environment wherever the technology is deployed, Michael Connor, Executive Director at Open MIC, tells ESG Investor.
“Many companies have global activities, so we need to ensure that if they are applying a higher standard in Europe due to EU regulations, this should be the case wherever they operate to foster greater corporate accountability in the deployment and use of digital technologies,” he says.
The lack of information is a problem for shareholders and users alike. Investors play a critical role in holding corporations accountable by ensuring that companies like Amazon are upholding their human rights commitments and avoiding risky behaviors. But without more transparency, investors are left in the dark.
