Oireachtas Joint and Select Committees
Wednesday, 25 October 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Engagement with Chairperson of Enterprise Ireland
Mr. Michael Carey:
To pick up some of those issues, as regards the new strategy, that process is just starting. Will the emphasis still be on export, development and employment? I believe it will be. While we might be approaching full employment, the environment changes very rapidly. The world is changing very rapidly and technology is changing. The challenges Irish businesses must meet in the face of those changes and that changing environment are massive. We cannot be complacent about the employment numbers today. We also need to have more employment in indigenous businesses, driving on employment and exports. We are a small economy. All the growth is going to come from exports. We will have some domestic businesses but the significant growth will come through exports and that will continue to be the output of the strategy. It is early days, however. We are just starting that process of reviewing where that strategy should go.
On sustainability, there are two aspects to this. One is sustainability of Enterprise Ireland itself and the agency having a robust plan that can show it is taking sustainability very seriously and doing what is right from a sustainability point of view. More important, however, is the impact of sustainability on our client businesses and their impact on sustainability. A relatively low level of client companies have sustainability plans in place - 35% or 36% - and there needs to be more. The real impact on the environment is made by a relatively small number of client companies. They need to be supported through a transition to make sustainability core to their business and part of their DNA. It is not and cannot be a bolt-on.