Entain plc, a well-known worldwide sports betting, gaming, and interactive entertainment company, has released its highly anticipated Environmental, Social, and Governance (ESG) report for 2022-23. Entain’s focused approach to sustainability and performance in tackling ESG-related challenges are detailed in the study. Sustainability, along with growth, is one of the company’s major strategic pillars, and the report highlights the extraordinary success made in achieving ESG objectives. These goals are consistent with Entain’s Sustainability Charter, which is based on four fundamental principles: focusing solely on regulated markets, pioneering responsible betting and gaming, fostering best-in-class corporate governance, and investing in people and local communities.
Updated Insights from Entain Sustain Event
In addition to providing detailed information, the report provides an update from the highly regarded Entain Sustain event, which will be place in November 2022. This industry-leading event focused on sustainability and ESG issues, emphasizing Entain’s commitment to transparency and accountability.
Key Highlights from the ESG Report
Entain’s notable achievements and improvements in several categories are highlighted in the ESG report:
1. Entain’s Exclusive Focus on Regulated Markets:
- Entain’s revenues are entirely sourced from domestically regulated or regulating markets.
- Exiting nine jurisdictions where there was no clear path to a secure and regulated betting and gaming business. • Holding domestic licences in 30 countries and 26 North American markets.
2. Setting the Standard for Safer Betting and Gaming:
- The successful expansion of the pioneering ARCTM player protection programme beyond the United Kingdom to 22 international countries.
- Raised the UK’s contribution to Research, Education, and Treatment (“RET”) to 1% of GGY by 2023.
3. Pursuing the Highest Corporate Governance Standards:
- The preliminary findings of the double materiality assessment have been disclosed
- Females make up 33% of Entain’s Board of Directors.
- Implementation of the company’s first Board Diversity Policy.
- Inclusion of safer betting and gaming, as well as customer analytics, in the group-wide bonus structure.
- The Big Six Compliance Programme increased the completion rate of mandated employee training considerably.
4. Investment in People and Communities:
- SBTi-verified commitment to achieve a net-zero carbon emissions objective by 2035.
- Establishment of near-term science-based greenhouse gas reduction targets, which will be validated by the Science-Based Targets project.
- The Entain Foundation’s continued involvement in grassroots and community sports through the Pitching In project.
- Ongoing initiatives to narrow the gender wage gap.
- Development of well-being programmes to assist coworkers, particularly those afflicted by the COVID-19 epidemic.
Accolades & Industry Recognition
Entain’s exceptional performance in ESG practises has earned various endorsements and accolades from reputable third parties. In 2022, the company became the largest operator to acquire GamCare’s Safer Gambling Standard’s highest level of accreditation (Advanced Level 3) for online operations and Advanced Level 2 for land-based activities. Entain was also voted the global 2022 Socially Responsible Operator of the Year by industry experts at SBC, in addition to receiving various regional accolades. Entain’s continuing participation in the FTSE4Good index and the Dow Jones Sustainability Index demonstrates the company’s commitment to sustainability, which extends beyond its own business.
Comment from Jette Nygaard-Andersen, CEO of Entain
Entain CEO Jette Nygaard-Andersen expressed delight in the company’s growth and industry-leading ESG standards. She emphasized Entain’s commitment to offering the safest betting and gaming platform possible, as well as to helping local communities, decreasing environmental impact, and establishing a positive work environment for all employees. Nygaard-Andersen emphasized that these goals would lay the road for long-term progress that would benefit all stakeholders.
“Over the past year, we have continued to make great progress in setting the standards for our industry in all areas of ESG, across all of our operations. We are proud to lead the industry in providing the safest possible betting and gaming platform, taking a leading role in supporting the communities in which we operate, reducing or environmental impact and in doing so, making Entain the best place to work for all of our people. By delivering on this ambition, we will create long-term, sustainable growth for all of our stakeholders.”
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