The board of 888 Holdings has formed a new ‘Environment, Social and Governance’ (ESG) committee to help structure and guide the FTSE250 online gambling group’s corporate social responsibility (CSR) duties and objectives.
The ESG Committee will be led by Lord Jon Mendelsohn, 888’s forthcoming non-executive Chairman who will take leadership of the firm’s corporate governance duties from May onwards.
A high-profile appointment, Lord Mendelsohn is the former strategic policy advisor to PM Tony Blair’s New Labour government (1997-2007) who was chosen to succeed Brian Mattingley the company’s long-serving former chairman.
Having declared record trading results during 2020, 888 governance had previously informed investors that the company would move to strengthen its CSR frameworks and oversight, to help the company improve its relationship with wider stakeholders as 888 expands within regulated markets.
“As a Board, we are committed to ensuring that issues such as safer gambling, the climate change agenda, diversity and inclusion, and community engagement are consistently incorporated into the Group’s strategy and decision making.” Lord Mendelsohn detailed in 888’s statement.
“The creation of this Committee demonstrates 888’s firm commitment to continuous ESG improvements and ensuring sustainable and ethical best practice across the Group’s activities.”
Supporting Lord Mendelsohn, 888 confirmed that senior independent director Anne de Kerckhove and non-executive director Mark Summerfield will also serve as members of ithe new ESG Committee.
Once established, the committee will provide board-level oversight of 888’s ESG strategy, targets and progress against key performance indicators.