Oireachtas Joint and Select Committees
Wednesday, 18 June 2025
Committee on Enterprise, Tourism and Employment
Scrutiny of EU Legislative Proposals
2:00 am
Mr. Colm Forde:
If I may add something, companies that are not in the supply chain of companies that are in scope could see this as an opportunity to create a competitive advantage. I referenced the Amárach research and how important sustainability is to our SME client companies. When these voluntary standards are published that cohort of SME companies might think that if they meet those voluntary standards, it means they cannot be asked for anything else beyond that by any companies that are in this global supply chain and that, therefore, it might be in their best interests to avail of an EI or LEO grant, put those standards in place and then market that to these larger companies and say they can be in their supply chain. That standardisation might give the larger companies comfort.
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