Corporate law firms sought to influence new regulations making large companies report on their environmental impact
New legislation requiring large companies to produce reports setting out their impact on the environment could harm Ireland’s reputation as a “business-friendly jurisdiction”, several leading corporate law firms privately warned the government.came into force last year. Several of Ireland’s top corporate law firms took issue with national legislation giving effect to the EU reforms, lobbying government to make a series of changes, documents show.
The requirements initially apply to companies with more than 500 employees, who will have to produce sustainability reports this year. Companies with more than 250 employees and turnover of more than €50 million will be required to file reports from next year on. The correspondence, which was released to The Irish Times under the Freedom of Information Act, made a series of recommendations for changes. In response, then minister of State for tradeIn an October 25th letter, the five firms welcomed the fact that two of the problems they flagged had been addressed earlier that month. However, they asked for further changes given “several high-priority issues remain outstanding” with the new rules.
Matheson Arthur-Cox Sustainability Dara-Calleary Mccann-Fitzgerald William-Fry Department-Of-Enterprise-Trade-And-Employment Peter-Burke European-Commission European-Union
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