Written answers

Tuesday, 23 May 2023

Department of Enterprise, Trade and Employment

Foreign Direct Investment

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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254. To ask the Minister for Enterprise, Trade and Employment if he and or his officials and or the IDA in the context of their support of an organisation (details supplied) conducted due diligence in advance of delivering support to them; if he and or his officials and or the IDA discussed corporate responsibility with the organisation and or agents acting on its behalf; and if his attention, that of his officials and or the IDA had been drawn to industrial relations and environmental concerns regarding the way in which the organisation conducts its business in advance or after offering to support the organisation. [24838/23]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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Last week, IDA Ireland client, SHEIN officially launched its Europe, Middle East and Africa (EMEA) headquarters, based in Dublin City Centre. The Dublin office will host SHEIN’s strategic IT hub for EMEA and will function as the centre of SHEIN’s operations in the region.

Sustainability considerations, including the company’s corporate level approach to the environment formed part of the IDA’s due diligence process in assessing the investment project for approval. Environmental sustainability is a key consideration for the IDA when assessing an investment project for Ireland. While engaging with the company, the IDA sought and received assurances in relation to the company’s commitment to environmental sustainability and transformation in the fashion industry, an area in which the company says it is heavily investing.

The company demonstrated to the IDA that it has signed international pledges and committed funding to improve worker conditions in their partner companies and is a signatory to the United Nations Global Compact Agreement (UNGC) and supports the ten principles focused on human rights, labour, environment, and anti-corruption.

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