This guidance is relevant to all innovative technologies and was created to help companies innovate responsibly so they can achieve the benefits of innovation in a timely manner, and identify and avoid any potential harm or unintended misuse of a new product, service, process or business model.
By improving the quality of innovation, companies can become more resilient, save costs, improve their sustainability, and gain customer/investor trust. PAS 440 provides a standardised approach to identify, evaluate, record and communicate the benefits and possible risks of innovation.
As Joyce explains, the demand for a responsible innovation PAS was first established through in-depth interviews involving over 40 innovative companies from a broad range of sectors. The PAS development process is a fast-tracked and rigorous and open consensus building process and included the appointment of a dedicated advisory panel (PAS Steering Group) from SMEs, multinationals, academia and government bodies, and an open public consultation.
This PAS is intended to be utilised by an international audience. The PAS has a life of 2 years, during which this ‘living document’ will be tested across various sectors. After 2 years, BSI will take the decision to review and leave as is, revise or take the PAS forward for consideration as a formal standard (BS, EN or ISO) through the relevant channels and approvals.
https://www.youtube.com/watch?v=ctto_1PMY6w
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