I'm just thinking about getting all our ducks in a row. It is why I asked selected members to rate the site.
One of the things independent raters look for is a privacy policy. These are all just small jobs that need doing once. I'd like our site to have an A1 safety rating because it deserves it. We don't have ads or malicious code, we don't track people and sell on their details, we don't sell user account info, we aren't licensing things out or using DRM. These are all virtuous properties of our home on the internet, and when independent people make a rating many look for things like "does the site have a clear and obvious privacy policy?". If ours just says we only use google analytics, then great. But we should be transparent about how awesome we are.
I have a sneaking suspicion google does take things like safety rating into consideration. I see no harm in just ticking the boxes even if it does nothing. So something like this just seems like a quick and easy tick in the box. I can't see why it would get any objections. Let's just stick it up and it is forever done after that.