Corporate due diligence directive
Deputy Ó Cathasaigh raised concerns from business and human rights groups about EU corporate sustainability due diligence negotiations. The Taoiseach said Ireland would be broadly supportive, would try to shape the directive, and would follow up for clarity.
I raise with the Taoiseach a letter that was sent to the Minister of State, Deputy Calleary, by the Irish Coalition for Business and Human Rights about the negotiations on the corporate sustainability due diligence, CSDD, directive. The coalition has identified that there is an opportunity for this directive to be a win-win for citizens, women's rights, companies, states and the planet. The general approach is to be agreed at this Thursday's Competitiveness Council meeting on 1 December. There are concerns and reports abroad that the Council is taking an approach which is detrimental to human rights and the environment. There are also reports that Ireland is advocating for the exclusion of, for example, asset managers and investors from the CSDD. Where do we stand on this? How will the Minister of State, Deputy Calleary, be using Ireland's voice on our behalf in these negotiations? Will we be looking for industry carve-outs or will we be looking for the strongest and most constructive position possible?
Comment on this
We will be broadly supportive but, as ever, we endeavour to try to shape directives as well. Every country is involved in negotiations and in the shaping of any directive that comes forward. Sometimes that gets misinterpreted but I will follow up on this matter for the Deputy and will bring further clarity on it for him.