Tipico publishes latest ESG report

Tipico Group has published its latest report on Environmental, Social, and Government covering the period from January 1 through December 31, 2021. The ESG Report 2021 was aligned well with the long-term objectives of the company which continues to guide corporatestrategy by the findings of its research into the industry, consumer needs, and regulatory expectations.

As a result, Tipico Group believes that the latest report demonstrates its commitment to upholding safe and responsible gambling practices. The report also touched on the company’s economic and market clout in the German market, where the company owns more than 50% share of the market.

The number of betting shops in Austria and Germany combined is 1,300 and they have all been an important contribution to the company’s operations. This comes despite the ongoing recovery from COVID-19 and the looming threat of a new global pandemic. Tipico confirmed that the results from the 2021 report were indicative of the fact that betting shops are still an important part of the business ecosystem and they created added value for customers.

According to the company, customers have also recognized Tipico’s guiding role in ensuring that it is one of the most trusted names in the market. The company said that 2021 saw a number of new player-protection-focused mechanisms put in place with the sole objective of ensuring that players are protected and in safe hands.

Tipico continued by saying that despite these successes, the company was exploring a number of protective mechanisms – many of which had been already passed. The company said that it has a diverse and strong workforce, consisting of almost 900 employees. At the same time, the company has been able to generate 80% of its electricity from renewables, making it one of the greenest companies in the country and the gambling industry.

Tipico Group also used the ESG Report 2021 to outline some of the features it managed to realize during the year and the success that they have been able to achieve. One such feature is the "Panic Button" option, which was done at the behest of regulators.

The "Panic Button" is a solution that enables consumers who are struggling with their gambling to exclude quickly from the gambling process. In many cases, the report agreed, consumers only resort to self-exclusion after gambling-related harm occurred, but the document also noted that the solution was still an important asset in addressing the problem of gambling addiction.

The Panic Button by Tipico is always "on screen" and enables consumers to promptly be excluded from all national gambling, the report explained.

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