David Stanton (Cork East, Fine Gael) | Oireachtas source

It would be helpful to get information on what legislative changes we might need to make. Legislation might be required in this area. I am familiar with issues relating to CRO regulations. We are putting co-operative legislation through at the moment and looking at that, which might be of interest.

Mr. Griffiths also spoke of B Corp in Ireland and the involvement of B Lab. Will he tell us more about what is involved in that? It seems quite interesting.

B Corp is global organisation that is looking to help companies identify themselves based on the work they do and that they are doing work that is beneficial for society. I think about 25 Irish companies are part of the B Corp system. It is about helping these people enhance their reputation and also providing data that can help with certification. This work leads into the measurement point. I refer to the point made about staff and customers of organisations expecting organisations to set themselves to a higher standard. B Corps is a way companies can do that and be seen to be doing that. It comes with naysayers around it because some people think it is an exercise in greenwashing. It is a relatively new certification, so there is some evolution involved in it. The underlying principle of it is a good one and it is something we would endorse for companies to get involved with.