What are the Principles for Responsible Innovation for?
New technologies and innovations potentially provide great opportunities to help solve some of the big problems of our age and may also bring with them new challenges. How to stimulate the good and minimise the bad is an ongoing debate.
With these Principles we would like to help stimulate a ‘race to the top’ mentality to inspire companies to think in more transformative ways about the ways they innovate whilst also considering more carefully the positive and negative impacts of the fruits of their labours.
Our aims are to:
Generate positive momentum for transformative innovation for social good.
Create shared expectations to help build trustworthiness & confidence
Principle One - Innovation for social benefit. The organisation designs its innovations to deliver social, ethical and environmental benefits, in addition to commercial goals
Principle Two – Board leadership. The Board takes a leadership role in championing Responsible Innovation and has accountability for developing & managing its innovation strategy & associated responsibilities
Principle Three– Consideration of social, ethical & environmental impacts. The organisation considers and is responsive to the wider social, ethical and environmental implications and impacts of its innovations - working alone or with others where appropriate
Principle Four – Excellent public health, safety & environmental risk management. The organisation carries out thorough, technology specific, risk assessment & minimises any potential public health, safety or environmental risks relating to its products. It also considers the public health, safety & environmental risks throughout the product lifecycle
Principle Five – Excellent worker health and safety. The organisation ensures high standards of technology-specific occupational health & safety. It also considers occupational health & safety issues for workers at others stages in the product lifecycle.
Principle Six – Involving commercial partners. The organisation engages proactively, openly & co-operatively with business partners up & down the supply chain to provide appropriate information & safety data throughout the supply chain.
Principle Seven – Stakeholder involvement. The organisation identifies its innovation stakeholders, including the general public, proactively engages with them, involving them in the innovation process & is responsive to their views & concerns
Principle Eight – ‘Radical Transparency’ and disclosure. The organisation is innovative and daring in its approach to transparency and openness. In particular it is open about its involvement with & management of specific technologies or areas of innovation
(The report includes a section devoted to each of the 8 principles - with more in depth explanations, questions to consider, testimonies and examples of how to apply each principle)