The Dutch Data Protection Authority (DPA) has advised large companies to be more transparent about their privacy policies and how they deal with privacy. According to AP vice-chairman Monique Verdier, privacy is an important aspect of corporate social responsibility, and companies should pay more attention to it. With the increasing use of data and digitalization, privacy risks are also increasing. Therefore, companies need to actively show how they deal with these risks to gain the trust of customers, employees, and shareholders. As such, the DPA recommends companies be open about their views on privacy and the privacy risks that exist within the company in their annual reports.
To help, the DPA has published new guidelines for including privacy information in annual reports (in Dutch only).
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