Currys is closing down its environmental, social and governance (ESG) committee, as it insists that it remains committed to sustainability.
The body, which was established as a committee of the board in 2023, was made up of non-executive directors Magdalena Gerger, Eileen Burbidge and Octavia Morley.
Currys said: “The board has considered the progress made on the ESG strategy, and the upcoming reporting requirements for sustainability and has agreed that it is the right time to evolve the governance structure for ESG.”
“An existing group sustainability leadership team comprised of functional leaders within executive teams will manage the day-to-day oversight and delivery of ESG goals and the management of ESG risks and opportunities.
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“The other responsibilities that have been held by the ESG committee will now be shared between the board and the audit committee as appropriate.”
Speaking to The Times, a spokesman for the electricals retailer said: “This absolutely is not a de-emphasis on ESG. We’re as committed as ever.”
The news comes after Currys launched a “game-changing” AI video tool earlier this year, to speed up repairs, improve customer service and cut unnecessary callouts.
The tool is designed to improve first-time fix rates, streamline operations and reduce the environmental impact of unnecessary technician visits.
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