Playtech plc
Climate Impact & Sustainability Data (2018, 2019, 2021, 2022, 2023, 2024-01 to 2024-06)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Responsible Gambling
- Diversity & Inclusion
- Data Protection
- Financial Crime Prevention
- Environmental Sustainability
Environmental Achievements
- Renewed commitment to soil reclamation of Milan's horse racing track.
Social Achievements
- Launched a formal employee volunteering program.
- Supported Special Olympics Italia.
- Improved gender balance at Board and senior management levels (though further improvements needed).
- Strengthened compliance training program.
Governance Achievements
- Strengthened Internal Audit Team.
- Appointed Susan Ball as Chair of the Audit Committee and Ian Penrose as Chair of the Remuneration Committee.
- Updated Ethics Policy, Anti-Bribery & Corruption, and Anti-Money Laundering policies.
- Established a Speak Up hotline.
Climate Goals & Targets
- Maintain leadership in regulated markets.
- Promote sustainable business practices.
- Increase scale and distribution in regulated markets.
- Continue to invest in safer gambling initiatives.
- Complete integration of Snaitech.
- Further deployment of BetBuddy.
Environmental Challenges
- Increased competition in the Asian market.
- Regulatory headwinds in the UK and Italy (advertising ban, increased taxation).
- Evolving regulatory landscape for gambling and financial services.
- Cybercrime and IT security risks.
- Data protection requirements (GDPR).
Mitigation Strategies
- Focus on higher-margin regulated opportunities.
- Strengthened compliance and regulatory functions.
- Investment in safer gambling initiatives (BetBuddy).
- Industry-standard protections against security breaches.
- Successful completion of GDPR compliance project.
Supply Chain Management
Responsible Procurement
- Review of human rights and modern slavery information from licensees and suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 27001
Third-party Assurance: BDO LLP
Awards & Recognition
- Best Online Bingo Software Award (WhichBingo)
- Chief Compliance Officer of the Year (Gambling Compliance Regulatory Awards)
- RegTech Provider of the Year Award (BetBuddy)
- B2B Gaming Excellence Award (Malta iGaming Excellence Awards)
- Best Online Services Provider and Best Studio (Casino Life and Business Awards, Romania)
- Women in Gaming & Diversity Awards
- Casino Platform Supplier Award (EGR Italy Awards)
- Platform of the Year (EGR B2B Awards)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Safer Gambling
- Sustainability
- Diversity & Inclusion
- Corporate Governance
- Compliance
- Data Protection
- Anti-Money Laundering (AML)
- Anti-Bribery and Corruption (ABC)
- Environmental Protection (GHG emissions)
Environmental Achievements
- Reduced GHG emissions by 5% (absolute) and 12% (per capita) from 2018 to 2019. Set a target to reduce absolute scope 1 and 2 GHG emissions by 40% by 2025 (2018 baseline).
Social Achievements
- Launched Know Your Mind pilot employee wellbeing program.
- Significant reduction in UK median and mean gender pay gap.
- Supported over 50 charitable and community organizations.
- Snaitech became the number one online betting and gaming operator in Italy in H2 2019.
Governance Achievements
- Strengthened internal coordination and strategic investments in safer gambling and compliance through a new Compliance Forum.
- Made compliance training a prerequisite for annual bonus and pay increase.
- Enhanced safer gambling awareness and training for Board, senior leaders, and customer-facing employees.
- Established a Compliance Council.
Climate Goals & Targets
- Be the most trusted and innovative global leader in safer gambling products, data analytics, and player engagement solutions.
- Reduce absolute scope 1 and 2 GHG emissions by 40% by 2025 (2018 baseline).
- Increase diversity and inclusion and reduce the gender pay gap.
- Increase uptake of safer gambling technology, tools, and solutions.
- Evaluate Know Your Mind program and scale globally.
Environmental Challenges
- Disappointing results in Asia and TradeTech.
- Increased taxation and competition in the gambling industry.
- Impact of advertising ban in Italy.
- Underperforming and non-core parts of the Group.
- Record low volatility in Q1 and difficult market conditions in Q3 2019 impacting TradeTech.
- Introduction of ESMA's product intervention measures impacting TradeTech.
- Regulatory changes and developments in various jurisdictions.
Mitigation Strategies
- Management took decisive steps to address underperforming assets, including discontinuing Casual Gaming operations.
- Focus on higher-margin regulated opportunities in Core B2B Gambling.
- Leveraging Playtech’s technological expertise and capabilities across the Snaitech business.
- TradeTech launched a new strategy for its B2C business and changed its approach to market risk.
- Investing in R&D to evolve and improve technology for faster and cheaper time to market.
- Componentised the IMS platform for a more agile and flexible technology solution.
- Continued to maintain an efficient balance sheet and strong cash generation.
Supply Chain Management
Responsible Procurement
- New global compliance procurement policy
- Assessment of supply chain management to review risks and processes
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Playtech Protect
- BetBuddy
- Kingdoms Rise games suite
Awards & Recognition
- Supplier Innovation Award
- Bingo Supplier of the Year
- Poker Supplier of the Year (Gaming Intelligence Awards)
- Bingo Supplier of the Year (EGR B2B Awards)
- Best Bingo Software
- Best New Bingo Game (WhichBingo Awards)
- Industry Achiever Award
- Star of the Future (Women in Gaming Diversity Awards)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Safer gambling
- Carbon reduction
- Corporate governance
- Diversity, Equity and Inclusion (DEI)
- Employee health and safety
Environmental Achievements
- Reduced GHG emissions by 15.3% (16.9% normalized) compared to 2020
Social Achievements
- Launched a £3 million COVID-19 Recovery and Resilience Fund
- Secured the first B2B GamCare Safer Gambling Standard in the UK
- Increased female representation on the Executive Committee to 30%
Governance Achievements
- Established a new Sustainability and Public Policy Committee
- Appointed Linda Marston-Weston as Chair of the ESG Committee
Climate Goals & Targets
- Engage 30,000 people in community programs by 2025
- Engage 415,000 people with digital wellbeing programs by 2025
- Achieve a global average of 10% employee participation in community investment programs by 2025
- Reduce carbon footprint by 40% by 2025
- Increase gender diversity amongst leadership to 35% by 2025
Environmental Challenges
- Pandemic-driven retail closures impacting Snaitech
- Supply chain disruptions
- Evolving regulatory landscape
- Climate change risks
Mitigation Strategies
- Developed alternative sourcing strategies
- Implemented a flexible working model
- Strengthened compliance and safer gambling initiatives
- Conducted climate scenario analysis and developed risk management strategies
Supply Chain Management
Responsible Procurement
- Climate change due diligence questionnaire for new suppliers
- Human rights and modern slavery risk assessments
Climate-Related Risks & Opportunities
Physical Risks
- Heatwaves impacting horse racing
- Higher energy costs for cooling
- Supply chain disruptions due to extreme weather
- Water stress
- Asset vulnerability to extreme weather
Transition Risks
- Carbon taxes
- Increased cost of living impacting consumer spending
- Inflation impacting employee salaries
Opportunities
- Increased demand for online gambling during extreme weather
- Increased demand for casino products due to relocation
Reporting Standards
Frameworks Used: TCFD
Certifications: GamCare B2B Safer Gambling Standard, G4 international certification of responsible online gambling (Snaitech)
Third-party Assurance: PwC
Awards & Recognition
- EGR B2B Awards
- EGR Italy Awards
- Gaming Intelligence Outstanding Contribution Award
- SAGSE 2020 Rankings
- Women in Gaming Diversity Awards
- Corporate & Financial Awards
- European Diversity Awards
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Safer gambling
- Climate change
- Diversity, Equity, and Inclusion (DEI)
- Human rights
- Responsible supply chain
Environmental Achievements
- Reduced Scope 1 and 2 (location-based) emissions by 11.7% in 2022 and 39.6% since 2018.
- 56.4% of total energy consumption derived from renewable energy sources in 2022 (up from 10.8% in 2021).
Social Achievements
- Launched a global mentorship program.
- Rolled out over 100 wellbeing initiatives with over 3,400 employees participating.
- Increased female representation amongst leadership population to 26%.
Governance Achievements
- Linked executive remuneration to year-on-year progress against 2025 sustainability commitments.
- Approved a new Board Diversity Policy.
Climate Goals & Targets
- Achieve net-zero emissions.
- Increase gender diversity amongst leadership population to 35% by 2025.
- Reach 415,000 people with digital wellbeing programmes by 2025.
- Engage 30,000 people in community and mental health programmes by 2025.
- Reduce Scope 1 and 2 carbon footprint by 40% by 2025.
Environmental Challenges
- War in Ukraine impacting employees and operations.
- Rising inflation and interest rates.
- Geopolitical unrest and economic volatility.
- Evolving regulatory landscape.
- Strong competition in the industry.
- Climate change risks (physical and transitional).
Mitigation Strategies
- Implemented business continuity plans and provided support to Ukrainian employees.
- Actively monitoring economic environment and preparing responses.
- Established a Playtech Regulatory Intelligence team.
- Investing in safer gambling research and tools.
- Investing in technology and platform agility.
- Conducting scenario analysis to assess climate change impacts and implementing mitigation strategies.
Supply Chain Management
Supplier Audits: 133 supplier sectoral categories reviewed for human rights and modern slavery risks.
Responsible Procurement
- Ethical behaviour and supplier compliance with sustainability criteria on climate and human rights.
- Due diligence checks, GDPR reviews, and information security checks on suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Cancellation of sports events due to extreme weather.
- Water stress disrupting horse racetracks.
- Reduced employee productivity due to heatwaves.
- Disruption to supply chains.
- Higher energy costs to cool buildings.
- Temporary or permanent closure of assets.
Transition Risks
- Carbon taxes increasing operating costs.
- Rising cost of living reducing consumer spending.
Opportunities
- Increased demand for online gambling during extreme weather.
- Increased demand for products used by casinos forced to relocate.
- Increased attractiveness of Playtech's locations in the Northern Hemisphere.
Reporting Standards
Frameworks Used: TCFD
Certifications: GamCare B2B Safer Gambling Standard, G4 international certification of responsible online gambling (Snaitech)
Third-party Assurance: PricewaterhouseCoopers LLP (PwC)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Safer gambling
- Promoting integrity and an inclusive work culture
- Powering action for positive environmental impact
- Partnering on shared societal challenges
Environmental Achievements
- 38.6% reduction in Scope 1 and 2 greenhouse gas emissions since 2018 baseline (excluding refrigerants)
- 57.2% of total energy consumption from renewable sources
Social Achievements
- Launched Global Benevolent Fund to support colleagues facing hardship
- Reached 30% female representation in senior leadership (target 35% by 2025)
- Exceeded 2025 community investment target in 2023, engaging over 160,000 people
Governance Achievements
- Achieved Advanced Level Three of the GamCare B2B Safer Gambling Standard
- Strengthened sustainability governance by linking sustainability performance to executive remuneration
Climate Goals & Targets
- Net-zero emissions by 2040
- Increase female representation in leadership to 35% by 2025
- Achieve €60-€80 million in SaaS revenue
- 50.4% reduction in Scope 1, 2 and 3 emissions by 2032
- Reduce Scope 1 and 2 (location-based) carbon footprint by 40% by 2025 (excluding refrigerants)
Environmental Challenges
- Ongoing disputes with Caliplay regarding unpaid fees
- Geopolitical tensions in Ukraine and Israel impacting employees and operations
- Increased competition in the gambling market
- Evolving regulatory landscape and increasing ESG requirements
Mitigation Strategies
- Proactive balance sheet management, including refinancing
- Providing support to colleagues affected by geopolitical conflicts
- Investing in innovation and expanding into new markets
- Strengthening compliance and safer gambling measures, engaging with regulators and stakeholders
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct
- Climate change due diligence questionnaire for new suppliers
- Human rights risk assessments
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Water stress
- Higher energy costs
- Reduced employee productivity
Transition Risks
- Carbon taxes
- Market shifts due to climate change impacts
- Increased demand for climate-resilient products
Opportunities
- Growth in online gambling due to extreme weather
- Increased demand for climate-resilient products
- Increased attractiveness of Playtech's locations due to climate migration
Reporting Standards
Frameworks Used: TCFD, GRI, SASB
Certifications: GamCare B2B Safer Gambling Standard, Level 3, G4 international certification of responsible online gambling (Snaitech)
Third-party Assurance: PricewaterhouseCoopers LLP (PwC)
Sustainable Products & Innovation
- Playtech Protect safer gambling solutions
Awards & Recognition
- S&P Global Sustainability Yearbook 2024
- MSCI ESG rating of AA
- FTSE4Good Index
- CDP Climate Change Programme B score
- Global Regulatory Awards (Head of Regulatory Affairs/Government Relations of the Year)
- Women in Gaming (WIG) Diversity and Inclusion Awards (Company of the Year, Excellence in Customer Service, Inspiration of the Year)
- Emerging Leaders of Gaming 40 Under 40
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
ESG Focus Areas
- Safer gambling
- Sustainability
Environmental Achievements
- Committed to a near-term science-based emissions target, a 50.4% reduction in scope 1, 2 and 3 emissions by 2032 from a 2022 base year. The Company also committed to reach net-zero by 2040. In February 2024, both targets were validated by the Science Based Targets initiative.
- Recognised in the 4th edition of the Europe Climate Leaders 2024 listing, published in April 2024.
Social Achievements
- Launched BetBuddy, Playtech’s AI-enabled safer gambling technology, with two new brands, bringing the total to 18 brands in 11 jurisdictions.
- Enhanced Betbuddy’s capabilities to track and evaluate responsible gambling interactions with at-risk players.
- Extended support for safer gambling research and education programs in the US including a new collaboration with UNLV’s International Gaming Institute (IGI), as well as ongoing support for International Center for Responsible Gaming (ICGR) and the National Council on Problem Gambling’s Agility Grants program.
- Recognised for our progress in the most recent FTSE Female Leaders Review as well as at the Women in Gaming Awards.
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Net-zero emissions by 2040
- B2B Adjusted EBITDA medium-term target range of €200 million to €250 million in FY 2024
- SaaS medium-term revenue target of €60 million – €80 million in FY 2024
- Not disclosed
Environmental Challenges
- Caliplay dispute impacting revenue recognition and cash flow.
- Customer-friendly sporting results impacting Snaitech's performance.
Mitigation Strategies
- Reached agreement on revised strategic agreement with Caliplay, resulting in significant cash receipt and resolution of legal proceedings.
- Focus on cost control and high operating leverage in B2B division to offset challenges in B2C.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- BetBuddy
Awards & Recognition
- Europe Climate Leaders 2024
- Women in Gaming Awards