Oireachtas Joint and Select Committees

Wednesday, 20 March 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Challenges Facing Businesses in Relation to Sustainability and Corporate Social Responsibility: Discussion

Ms Jeanne McDonagh:

On the Deputy’s first point on sectoral, I think that is the way to go. We need ambassadors from business. We need to talk to business directly and see how its needs are best met and the ways in which we can tailor, for example, the burden of reporting. How do we tailor it in the best way for businesses to encourage them to get involved?

There also needs to be shared learning and visibility of any sort of Government mechanism that is meant to help business. The way in which information comes in needs to be looked at. We need to play to businesses’ interests, strengths and collaboration. That is important. The Open Doors Initiative is a collaboration of more than 130 organisations, and it works. It means we are sharing learning, experience and best practice. There is also peer pressure, for want of a better description. When you see your competitor doing well because they got involved with an EI or IDA scheme, a reporting mechanism or whatever it may be, you will want to do that as well. There must be a way of sharing the best practice. That is important and key between companies, and they need to advocate for it internally.

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