Currys is shutting down its board ESG committee, but insists it is committed to sustainability as ever.
The electricals retailer announced that it would be shutting down the board committee and that an executive sustainability leadership team would take on the day-to-day oversight of some ESG goals, while other responsibilities would be passed to the wider board and its audit committee.
Currys said it had made good progress with the committee and that now was “the right time to evolve the governance structure for ESG”.
The retailer’s ESG committee, which stands for environment, social matters and governance, was a three-person board made up of non-executive directors.
A spokesman for Currys told The Times: “This absolutely is not a de-emphasis on ESG. We’re as committed as ever.”
The decision comes following news that chair of the ESG committee, Eileen Burbidge, stepped down from the board earlier this month. Currys said sustainability reporting in the EU and consultations in the UK meant some considerations would be better overseen by its audit committee.
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