Regulatory standards protect the public’s interest and also your own. They manage societal risks that may be associated with products and services by mandating safety, environmental friendliness, privacy and so on. These regulations are enforced to ensure compliance and to foster a level playing field between economic actors.
Philips helps to shape regulatory standards, as they ensure competitive factors such as production costs are not optimized at the expense of safety. By co-developing them we can ensure efficient and effective regulations. This creates trust with buyers and helps avoid economic or ecological damage.
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