Currys, the UK’s largest electricals retailer, has scrapped its board-level ESG committee, effectively ending formal oversight of environmental, social and governance issues at the highest level of the company.
The decision comes as regulation and investor expectations on sustainability tighten across the UK and Europe, raising questions about the message it sends on corporate governance priorities.
Although Currys has stressed that it remains committed to its ESG objectives, critics argue the move is poorly timed. Under new frameworks such as the UK’s Sustainability Disclosure Requirements and the EU’s Corporate Sustainability Reporting Directive, boards are under mounting pressure to demonstrate clear accountability for ESG.
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