The Responsible Business Compass is being developed by the OECD at the behest of the Department of Enterprise, Trade and Employment, with funding from the EU’s Technical Support Instrument (TSI).

The tool consolidates nine key EU regulations and directives related to sustainability and responsible business practices.

It aims to provide structured guidance on compliance obligations while connecting businesses to relevant supports offered by government departments and agencies.

The Department of Enterprise, Tourism and Employment has now launched a public consultation to solicit feedback from stakeholders to inform the final development of the tool.

Niamh Smyth, minister of state for trade promotion, AI and digital transformation, said: “The Responsible Business Compass reflects the government’s ongoing commitment to helping businesses — particularly SMEs — operate responsibly and competitively in a changing regulatory environment.

“This initiative gives companies the opportunity to get ahead of EU requirements, strengthen supply chain resilience, and deliver responsibly sourced goods and services.

“I encourage all businesses to take part in the consultation now open on our department’s website.”