Thomas Pringle (Donegal, Independent) | Oireachtas source

That is fair enough. There is a provision that is accepted in international investment to the effect that small and medium-sized enterprises can be exempted from what is called the environmental social and governance aspects of investment. Basically, this is to overcome the specific problem that the Minister of State has adverted to. It is perfectly reasonable for the Bill to be amended to exempt small and medium-sized enterprises from the economic, social and governance requirements in recognition of the fact they are small companies and not capable of doing what is required. It is also in recognition of the fact that ISIF is providing this funding through the Strategic Banking Corporation of Ireland. If that were achieved, the company that the Minister of State cited as an example would be exempt because it is an SME. Therefore, it would not be at risk. It is possible that even the company, cited by the Minister of State, that makes silage wrap would be exempt as well because I imagine it is covered as an SME. Notwithstanding that, the Minister of State does not believe this legislation should be enacted because it is not necessary. Is that correct?