Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

EU Legislative Proposal on Corporate Sustainability and Due Diligence: Discussion

Ms Caroline Spillane:

On the number of companies within this jurisdiction, we have not done that analysis. The research we are presenting today has a very small sample size and 16% are publicly listed companies so I would be cautious about extrapolating. The majority of companies domestically and across the EU are small and medium-sized enterprises, SMEs. That is why we are pulling out some of the research findings today that really relate to SMEs and making the point that in regard to those kinds of organisations financial supports and guidelines are really essential. Even though they will not be directly impacted, they will be impacted because of the implications to the supply chain. Ms Hennessy will speak specifically from an SME perspective.

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