International Federation of Horseracing Authorities (IFHA)
Climate Impact & Sustainability Data (2011)
Reporting Period: 2011
Environmental Metrics
ESG Focus Areas
- Horse Welfare
- Medication Control
- Integrity of Horseracing
- Economic Sustainability of Racing
Social Achievements
- Established Horse Welfare Committee and adopted five basic welfare principles, incorporated into the International Agreement.
- Organized International Conference for Health, Safety and Welfare of Jockeys in Dubai (2010, reported in 2011).
Governance Achievements
- Agreed on International Screening Limits (ISL) for 13 substances, later expanded to 22, published on IFHA website.
- Reviewed and revised Article 6 of the International Agreement on Breeding, Racing and Wagering, focusing on genetic manipulations and medication.
Climate Goals & Targets
Environmental Challenges
- Negative economic consequences of the Global Financial Crisis and the Euro Zone Crisis, particularly impacting breeding.
- Declining market share of racing over past years.
- Differences in judging rules among major racing countries hindering harmonization.
- Impact of internet gaming and competition from other betting offers.
Mitigation Strategies
- Exempted some countries from annual fees due to financial difficulties.
- Encouraged racing authorities to outline financial contributions and seek government support.
- Facilitated dialogue and compromise to achieve international harmonization of screening limits.
- Continued discussion on harmonization of raceday rules.
- Focused on improving the racing product and attracting new audiences through marketing and technology initiatives.