RSM Voice of Strategy & Sustainability | APRIL 2024
Dear reader,
As spring slowly awakens across the Netherlands, we're delighted to bring you the latest edition of the Voice of Strategy & Sustainability. This month, we dive into critical issues at the intersection of regulation, technology, and environmental stewardship, providing you with forward-thinking insights and strategic guidance.
As the NIS2 deadline approaches, we explore the imperative of strengthening supply chain liability , ensuring that your operations not only comply with new regulations but also lead the way in best practices. We also examine how material ESG factors influence company valuations , offering a lens through which investors and stakeholders assess risk and opportunity in today's markets.
With the introduction of the new AI act, understanding the role of Fundamental Rights Impact Assessments has never been more crucial. Our insights will guide you through these complex landscapes. Additionally, we provide an analysis of the latest AI guidelines published by the Dutch Financial Market Authority , equipping you with the knowledge to navigate the evolving regulatory environment.
Lastly, we address the pressing challenge of managing e-waste for internationally operating businesses , providing practical advice on how to turn a regulatory requirement into a sustainability asset.
Stay informed, stay inspired, and let us help you lead the way in strategy and sustainability this spring.
Kind regards,
Mario van den Broek
RSM Netherlands Tax & Business Consulting Services
Tackling domino effects with NIS2: Strengthening Chain Liability across industries
The recent enforcement of the NIS2 directive heralds a shift in the cybersecurity landscape, emphasizing the need to enhance digital resilience across organizational and supply chain operations. This update to existing regulations is designed to address the vulnerabilities that have become more pronounced with the growth of digital interdependencies. ?In this article, we take a closer look at the chain responsibilities introduced by NIS2.
How do material ESG issues affect the valuation of a company?
The concept of ESG has become a cornerstone in the investment world, reflecting a growing commitment to sustainability and ethical corporate behavior. This shift began to take shape in the early 1970s, but events like the Chernobyl nuclear disaster and apartheid in South Africa pushed investors to consider the broader impacts of their investments. These historical moments showed the apparent risks of neglecting environmental and social issues, prompting investors to incorporate ESG factors to safeguard their portfolios and encourage responsible business practices. ?
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EU AI Act's Journey Towards Ethical AI Deployment: The Role of FRIAs
The EU AI Act aims to govern the use of artificial intelligence across its member states. Stemming from a need to address the ethical, social, and legal challenges posed by AI, the Act introduces a comprehensive framework to ensure AI's responsible deployment, particularly focusing on high-risk applications. In this regard, a core element introduced by the EU AI Act is the requirement for certain deployers and operators of high-risk AI systems to conduct a Fundamental Rights Impact Assessment (FRIA). This article is focusing on the FRIA, and the overarching challenges organizations face.
AI Insights from Dutch Financial Authorities: Challenges and Solutions
Financial institutions are facing complex challenges in a fast-evolving regulatory landscape. In order to face these challenges, digital solutions are becoming more attractive. Therefore, financial institutions more and more seek artificial intelligence (‘AI’) solutions to bolster their anti-money laundering compliance efforts. In response to these developments, the Dutch supervisory authorities AFM and DNB created a whitepaper on AI within financial markets: “The impact of AI on financial sector and supervision”. Within this article, we outline the considerations of DNB and AFM in this whitepaper, as well as key take-aways thereof.?
Managing E-Waste for International Business
As the pace of technological innovation accelerates, electronic products become quickly outdated, leading to a rapid increase in electronic waste (e-waste). This waste stream poses significant environmental and health risks due to the hazardous substances they contain, such as lead and mercury, and valuable resources like gold and copper that demand recovery for sustainability.?
If you have any questions regarding these articles, or have an inquiry for our team of Tax and Consulting experts, please contact:
Mario van den Broek ([email protected] - +31 6 15 83 55 00)
Great read! To amplify your strategy, consider leveraging sequential storytelling across your platforms, engaging your audience with a narrative that unfolds over time, and integrating ESG principles into each chapter.