Entain has announced a commitment to sustainability and aims to be carbon neutral by 2025 at the latest.
The holding company of Ladbrokes and Coral has sent a letter of commitment to the Science Based Target Initiative (SBTi).
Entain has had an ongoing sustainability commitment in recent years, resulting in a significant drop in carbon emissions across its operations.
“This is an ambitious and critically important commitment”
Entain has a presence of 20 offices spread across five continents, in addition to 4,500 retail shops. Across its entities, the company has a workforce of 24,000 people.
Entain CEO Jette Nygaard-Andersen spoke about the new sustainability commitment. She said:
“This is an ambitious and critically important commitment that we are making today, and one that I am proud to make on behalf of our people around the world.
“We have a strong culture of behaving ethically and responsibly in everything that we do, and we know that as a large global business we have a duty to do everything that we can to help tackle the climate crisis.”
Entain has already committed to a sustainable future
Entain will carry on its ongoing sustainability initiatives through the new commitment.
So far, its work for protecting the environment has led to a 15% reduction in carbon emissions between 2018 and 2021.
The company is also a member of both the Dow Jones Sustainability Index for Europe and FTSE4GoodIndex Series.
Earlier this year, the group appointed two new team members as part of “its clear and ambitious strategy for sustainability, growth and innovation”. Stella David was appointed as an independent non-executive director, a position which came into effect from 4th March 2021.
Vicky Jarman joined the company on the same date, too, and was similarly appointed as an independent non-executive director.
At the time, Entain Chairman Barry Jarman said: “I am delighted to welcome Stella and Vicky to the board of Entain. Between them they offer a hugely additive variety of skills, perspectives and experiences gleaned from many different roles and industries.
“We now have a truly exceptional board that will help Entain realise its clear and ambitious strategy for sustainability, growth and innovation.”
Sustainability in the gambling industry
Another betting company to commit to sustainability is William Hill. In January, the operator announced that it would commit to converting all of its energy supply to fully-renewable resources.
The company switched its energy supplier to Total Gas and Power, signing a three-year contract. All of the operator’s power now comes from solar, wind and hydro energy.
Through the change, William Hill shall help to save nearly 61,500 tonnes of CO2, which is the equivalent to removing roughly 38,000 cars from Britain’s roads.