Veikkaus Oy
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:14,266 tCO2e (market-based)
Scope 1 Emissions:2,018 tCO2e
Scope 2 Emissions:27,440 tCO2e
Renewable Energy Share:67%
Total Energy Consumption:271,219,386 kWh
Water Consumption:117,807 m3
Waste Generated:4,624 tons
ESG Focus Areas
- Safer betting and gaming
- Investing in people and communities
- Reduce environmental impact
- Engaging with stakeholders
Environmental Achievements
- 14% reduction of GHG emissions from the prior year, with 100% renewable energy in the UK and ROI retail estate
Social Achievements
- Launched our new Diversity, Equity, and Inclusion (“DEI”) strategy
- Increased UK contributions to Research, Education and Treatment (“RET”) to 0.75% of GGY
- Partnered with McLaren Racing to launch a brand-new Returnship programme
Governance Achievements
- Publication of Entain’s first-ever Board Diversity Policy
- Rolled out an extensive ‘Big Six’ training programme covering areas such as Code of Conduct, prevention of bribery & corruption and tax evasion, governance, risk and compliance
- From February 2023, 100% of our revenues are from regulated or regulating markets
Climate Goals & Targets
Long-term Goals:
- Net Zero greenhouse gas emissions by 2035
Medium-term Goals:
- Achieve a 29.4% reduction in Scope 1, 2, and 3 emissions by 2027
Short-term Goals:
- Further rollout of ARC™ across all markets and retail shops
- Increase UK contributions to RET to 1%
Environmental Challenges
- Regulatory headwinds, particularly in the UK, impacting Online revenues
- Challenging economic environment in the Baltics
- German market challenges due to new regulation and lack of regulatory enforcement
Mitigation Strategies
- Continued development and enhancement of ARC™ player protection programme
- Focus on expanding recreational customer base
- Leveraging the Entain Platform to drive growth and efficiencies
- Acquisitions to expand market access and product offerings
Supply Chain Management
Supplier Audits: 19 suppliers surveyed (33% of scope 3 emissions)
Responsible Procurement
- Collaboration with Unseen to strengthen procurement processes and policies
- Use of EcoVadis platform to evaluate key suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Disruption of live events due to extreme weather
- Impact of extreme weather events on key locations and suppliers
- Increased costs due to increasing temperatures
Transition Risks
- Increased regulatory requirements to disclose climate impacts
- Changing customer behaviour
- Reaching Net Zero by 2035 target
- Increased stakeholder scrutiny on Entain’s emissions
Opportunities
- Development of energy-efficient products and services
- Attracting and retaining talent
- Building trust with customers
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 140001:2015, ISO 45001:2018, ISO27001
Third-party Assurance: Carbon Trust
Awards & Recognition
- GamCare’s Advanced Safer Gambling Standard
- SBC’s Global Socially Responsible Operator of the Year 2022
- EGR North America Safer Gambling Provider of the Year 2022
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2,279 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:281 tCO2e/year
Scope 2 Emissions:1998 tCO2e/year (market-based), 1420 tCO2e/year (location-based)
Scope 3 Emissions:42404 tCO2e/year
Total Energy Consumption:8,737 MWh/year (electricity), 6,679 MWh/year (heat)
ESG Focus Areas
- Responsible gambling
- Employee well-being
- Environmental responsibility
- Climate change mitigation
- Ethical conduct
Environmental Achievements
- Scope 1 & 2 GHG emissions reduced by 0.9% (despite electricity consumption decrease of -27%), Scope 3 GHG emissions reduced by 9.5%
- Science Based Targets initiative (SBTi) approved in October 2023
Social Achievements
- Introduced care concept for high-risk gamblers, exceeding the target of 3,000 care calls with 3,700 calls.
- Mandatory identification for ticket-based games introduced in May 2023, preparing for scratchcard identification in 2024.
- Reached target of 2.5 million registered customers.
- Ranked second in the Oikotie Responsible Workplace survey.
- Introduced a Whistleblowing Channel.
Governance Achievements
- Updated Sustainability Programme.
- Introduced eLearning courses on sustainable supplier management and human rights impacts.
- 98% completion rate for mandatory Code of Conduct online training.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality by 2035.
Medium-term Goals:
- Reduce absolute scope 1 and 2 GHG emissions by 42% by 2030.
- Reduce absolute scope 3 GHG emissions by 25% by 2030.
Short-term Goals:
- Full identification for all games (including scratchcards) by 2024.
- Further enhance safer gambling using data and AI in 2024.
Environmental Challenges
- Decreasing profitability of Veikkaus' own gaming venues due to changes in consumer behavior, digitalization, and identification requirements.
- Gambling industry criticism and debate in Europe and elsewhere.
- Transition to a partial multi-license system in 2026.
- Increased lottery tax.
Mitigation Strategies
- Cooperation negotiations leading to the closure of 19 arcades and Casino Tampere, but also offering extensive severance packages to dismissed employees.
- Reformed organization to be more customer-oriented and agile.
- Significant investments in strengthening competitiveness, particularly in the digital channel.
- Rapid preparations for a possible multi-license system.
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct incorporated into 77% of contracts.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards (GRI 1: Foundation 2021)
UN Sustainable Development Goals
- Good health and well-being
- Gender equality
- Decent work and economic growth
- Climate action
- Peace, justice and strong institutions
- Partnerships for the goals
Veikkaus' sustainability goals are linked to these SDGs.