Flutter looks to sustainability gains with committee “repurposing”

Flutter Entertainment has revealed the repurposing of its existing risk committee to become the risk and sustainability committee, as part of a wider focus on the firm’s ESG strategy.

Confirming the restructuring in a statement, the FTSE 100 operator revealed the committee would manage “material risks” and provide oversight of Flutter’s ESG objectives.

These include achieving carbon neutrality by 2050, a focus on safer gambling and the enhancement of Flutter’s existing approach to risk evaluation, compliance and mitigation.

Flutter has tapped KINS Technology non-executive director Atif Rafiq to head up the new committee in a non-executive director role.

A former MGM Resorts International president – customers, commercial and growth, Rafiq has also held roles with global businesses including Volvo Cars, McDonald’s, Amazon and Yahoo!.

Commenting on these changes, Flutter Entertainment chair Gary McGann highlighted the importance of the new committee to the wider Flutter global strategy.

He said: ““The risk and sustainability committee strengthens our governance arrangements for oversight of sustainability matters on behalf of the board, whilst continuing to monitor material risks that impact our reputation.

“Following an international search as part of our ongoing board renewal process, I am delighted to welcome Atif as a non-executive director.

“He brings an extensive wealth of digital, innovation and technology-led transformation experience to the board. Atif’s appointment is in line with our board renewal programme having regard to the scale, geographic breadth and growth of the business,” McGann added.