Markets and regulators increasingly require businesses to act more responsibly in their activities and along global value chains. Recently, the European Union (EU) introduced new legislation to promote climate neutrality, and more sustainable financial flows and business practices in supply chains. In this context, Ireland aims to develop a Responsible Business Compass to navigate relevant EU legislation and national support. The compass will help Irish policymakers foster coherence and support businesses, notably small and medium-sized enterprises, to understand their obligations and access support, thereby facilitating compliance and competitiveness.
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