Page 4 - GSR-24 BEST PRACTICE GUIDELINES
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conduct and corporate social responsibility initiatives   Policy makers and regulators can
                in the telecommunication/ICT sector.
           18.  Sustainability: consider the environmental and   encourage market players to:
                socio-economic impact of all telecommunication/
                ICT technologies in developing policies and   1.   Employ risk analysis and assessment: identify
                regulations. Provide incentives to companies
                adopting responsible and sustainable practices     potential threats and opportunities associated with
                                                                   business activities and develop preventive measures
                and encourage research and development for         to minimize threats, such as emergency plans,
                responsible and sustainable telecommunication/ICT   appropriate insurance and coverage mechanisms to
                technologies.                                      mitigate potential losses.
           19.  Education and awareness: invest in capacity-  2.   Diversify activities: invest in different sectors or
                building and awareness initiatives to improve      markets to reduce exposure to industry-specific risks.
                knowledge, literacy and skills of policymakers
                and regulators and promote digital skills     3.   Adopt a sustainability-based approach: incorporate
                among the population to ensure optimal use of      sustainable practices in business operations to
                telecommunications/ICTs and transformative         reduce environmental impact and consider social
                technologies. This can include providing training   factors in decision-making.
                programmes, technical assistance, and access to   4.   Invest in research and development: allocate
                relevant resources and expertise.                  resources to stay at the forefront of the industry,
                                                                   stimulating innovation and reducing risks.


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