SBC News Voice of the Sports Betting Industry
FTSE-listed gambling group Entain has released its latest sustainability report, outlining the progress towards its ESG goals in the period 2023-2024.
One of the highlights from the report is the launch of Entain’s player protection programme – ARC – across the firm’s digital offering in 27 jurisdictions, as well as for retail in the UK and the Republic of Ireland.
Elsewhere, the company also contributed 1% of its Gross Gambling Yield (GGY) for a total of £18.7m to direct it towards Research, Education and Treatment (RET) purposes in the UK.
What’s more, education initiatives continued in the US as well thanks to a partnership with gambling harm prevention specialist EPIC Global Solutions, as well as major regional sports leagues and players associations, such as Major League Baseball, National Football League, League Soccer Players Associations and the NHL Alumni Association.
Looking at Entain’s transparency score, the firm confirmed that as of February 2023, 100% of its revenues were collected from ‘regulated or regulating markets’.
A new Ethics & Compliance Charter and Strategy was also launched to better reflect Entain’s outlook on business standards and long-term sustainability.
In addition to revising its ESG governance, Entain also introduced two board-level committees – Sustainability & Compliance, and People & Governance.
As for the gambling group’s impact on the environment, the focus continues to be on achieving net zero emissions by 2035, with the progress tracked by dividing the process into three near-term targets – Scope 1, Scope 2, and Scope 3.
Current plans are to reduce absolute Scope 1 and Scope 2 emissions, as well as material Scope 3 emissions, with 29.4% each by 2027.
Also of importance, just under 100% of Entain’s electricity in the UK and the Republic of Ireland was purchased from renewable sources.
