The proposal raises the possibility of the Corporate Sustainability Reporting Directive being applied to UK firms trading online in the EU.
Google, Amazon, Apple, Facebook and Microsoft face scrutiny from the Federal Trade Commission over whether acquisitions of small tech firms were “anticompetitive”.
Possession of and access to data has become central to modern business. Nigel Parr of law firm Ashurst says it has become so important that it is now a key issue for competition watchdogs.
Leaders seeking to capture value and gain a competitive edge in the digital age need to expect the unexpected.