Our Approach

We are committed to operating a responsible business by understanding stakeholder expectations and best practice. Our Sustainability and Social Impact strategy reflects the issues that are most important for our business, our stakeholders and our value chain. We focus on our three most material issues – improving our use of resources and creating circular business models, eradicating digital poverty, and achieving net zero emissions by 2040 – and have put in place long term, ambitious and transformational objectives aligned to these. We report our progress against these three material issues alongside updates on how our work is underpinned by a strong foundation of responsible sourcing, corporate governance and being a good employer.

Our strategy is designed to tackle the most material ESG risks and opportunities. The focus on climate action, eradicating digital poverty and circularity are important to our business, our customers and wider society.

The strategy is driven and delivered by our colleagues – subject matter experts that are fully integrated across our business. Their work is coordinated by the Director of Group Sustainability and overseen by the Board ESG Committee.

Read more about how we identified our material issues in you 2022/23 Annual Report.

During the financial year, the Board established the Environment, Social and Governance (‘ESG’) Committee of the Board to approve the Group’s ESG strategy and oversee the delivery of it and the management of ESG risks and opportunities.

The ESG Committee is comprised of three non-executive directors of the Board.

Read the Terms of Reference for the ESG Committee.

Read the report from the ESG Committee in our Annual Report and Accounts 22/23 on page 123.

Read more about Governance at Currys.

The business has a systematic approach to ESG risk management. Our approach has been benchmarked against other leading organisations. Details on our principal risk relating to sustainability and our emerging risk on climate change is available on pages 70 and 72. These are monitored by the ESG Committee and the Executive Committee, with the aim of better managing the broad spectrum of ESG risks.

The ESG Committee regularly assess and quantify ESG risks (including identifying any new and emerging risks) and recommend to the Board and Audit Committee any changes required to those risks already identified. We look to ensure our ESG risk assessment and classification remains appropriate and suitable for our business.

Further assurance is provided through the use of international standards and external data verification services. Read more in our Policies and Disclosures.

Our people are at the centre of who we are because it makes us what we are.

Our colleagues are our greatest advantage and are critical and central to the success of our business strategy and the realisation of our Vision. We are committed to developing our colleagues and helping them build skills for life.

Through their own individual development plan, colleagues are encouraged to think about their career and how they want to develop. Our blended approach to learning and development includes on-the-job training, online learning platforms, virtual programmes, and Lunch and Learns. And this includes content on a range of environmental and social topics.

Read more about our colleagues in People & Careers.

Read the Sustainable Business chapter of our 2022/23 Annual Report & Accounts.

Our key focus areas

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We help our customers reduce their environmental impact

We're really proud that because of our focus on keeping tech working we repair 1.3 million products a year.

We encourage everyone to bring their old or unwanted tech into our stores to be recycled or reused – whether they bought it from us or not.

We work with our suppliers to ensure our products are sourced responsibly

We partner with charitable organisations to bring the benefits of amazing technology to those who might otherwise be excluded

We want everyone to be able to enjoy equal access to the benefits of technology

We are taking action to reduce our environment impact like through our Newark, UK solar PV installation

We are fully committed to transitioning 100% of our company cars and small van fleet and 50% of our medium to heavy fleet to electric or alternative fuel by 2030.

Key facts

We're proud of the achievements and commitments we've made

£ 550 k

contributed to charities and communities through key programmes & initiatives

103 k

tonnes of e-waste recycled and reused in 2022/23

2040

We will achieve net zero emissions by this date