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 Karen Hennessy:

I am not sure I can answer that perfectly but I see a considerable role for financial institutions to make this a reality. We are all aware of the climate coming at us and the only way we will tackle the problem is to be held accountable. Just as we have financial statements, accountability has to come in, from investors to green, right and social aspects. We must also make sure we carry out what we say and that it is not lip service. The audits have to happen and people have to go on to the different sites and make sure they are properly carried out. What is measured is managed and we need to look at that.