Tipico Publishes ESG Report 2021

Tipico Group has continued to grow in an extremely dynamic year 2021 and has successfully mastered all challenges through sustainable corporate decisions. Therefore, we proudly present our ESG Report 2021 which discloses extensive information on our efforts to justify the trust put on us as a responsible operator and corporate citizen.

Our ESG Report shows that Tipico defended its undisputed leadership in sportsbetting in Germany with a market share of over 50 percent. We own the street with more than 1,300 Tipico Shops in Germany and Austria and we were able to improve upon our already leading position in the market, despite ongoing severe COVID restrictions during the last year. Due to these restrictions, we also know that our shops still offer a lot of potential to further enhance our customers’ product experience.

Trust Is Tipico’s Greatest Asset

The satisfaction and protection of our customers is at the core of our business model because we believe sustainable growth of our business is only feasible that way. Our ESG Report 2021 shows that our customers trust us as a licensed operator, and they know that Tipico stands for effective player protection. In close coordination with the regulatory developments in our markets, in 2021 we were able to roll out and evaluate a number of new protective mechanisms and as a result to continue reducing our exposure to gambling-related issues.

Tipico’s strength is driven by its passionate team. 889 employees from 52 nations and 5 continents stand for a unique potential. We hire uniqueness! And we attract unique talent, as our reward packages are attractive, fair and objectively benchmarked. A gender pay-gap simply does not exist at Tipico. And of course we know that more than 92 percent of our colleagues expect to work for a responsible operator.

Considering our environmental impact, we are proud to have reached 80 percent of renewable electricity supply to Tipico Shop Agencies in Germany already. By 2023, we aim to be using electricity from 100 percent renewable sources in all our German shops and offices, which shall put us in a very favorable position to reach climate neutrality by 2030.

These facts make us one of the leading gambling providers. All the above is described in more detail in this report and we wish you a read full of Spannung!

ESG REPORT 2021

 

This is how Tipico assumes responsibility

As a leading gambling provider, Tipico fulfils its corporate social responsibility. We always want to be number 1, not only in economic terms but also in the area of sustainable corporate governance. We therefore recognise and consider all the effects we have on our environment and integrate corporate sustainability into every decision we make. Through our sustainable corporate decisions, we do not only expand our position as the market leader in sports betting, but we also justify the trust that hundreds of thousands of sports enthusiasts place in us every day.

Trust begins with transparency, which is why in addition to key economic figures and aspects of corporate governance, Tipico also reports the impact our business’ activities have on society and the environment annually. This report focuses on issues pertaining to the responsible use of our product, the ecological impact of our business’ operations and our employees’ working conditions.

External benchmarking yielded strong results for Tipico

All the data is evaluated every year by the independent rating agency ‘S&P Global Ratings’, and the findings are compared with other companies’ ratings. This external benchmarking has yielded some impressive results for the Tipico Group. In comparison with 8,000 companies from over 50 different industries, the Tipico Group has achieved a result that is well above average and finds itself in the top-rated quarter of all companies examined. Tipico also occupies a leading position within the industry, leaving many well-known industry giants behind. This has been corroborated by Tipico’s inclusion in the ‘Sustainability Yearbook 2022’, in which S&P Global Ratings lists the best representatives of each respective industry.

The latest Corporate Responsibility Report (2020) details how Tipico fulfils its responsibilities as a trustworthy and responsible corporate citizen, through a variety of successful initiatives and sustainable activities. This report is available here, and further details on Tipico’s ESG performance can be found here.

Tipico Releases Corporate Responsibility Report for 2020

Despite enduring a year full of challenges due to the COVID-19 pandemic, Tipico has not only managed to strengthen its market leader position through sustainable corporate decisions but has simultaneously further developed its benchmarks in the field of corporate responsibility. The Corporate Responsibility Report 2020 illustrates how Tipico lives up to its commitment as a trustworthy and responsible corporate citizen, through a variety of successful initiatives and sustainable activities.

The report details a number of projects, measures, and key indicators from areas like personnel, product safety, compliance, society, environment and supply chains, which, together with a consistent corporate ethic, underline Tipico Group’s values and commitment in action. To mention an example, the company’s responsible conduct played a key role in Tipico being among the first providers to receive the newfound sports betting concession valid throughout Germany in October 2020. Other examples of the Tipico Group’s successful efforts, include its cooperation with a whistleblowing ombudsman, and its support for social projects such as the Black Forest Nature Park. Responsible action is also the premise in the Tipico Group’s approach to its conservation of energy and resources. In fact, the group reduced CO2 emissions (Scope 1) by around 33% compared to the previous year.

Further details can be found in the Corporate Responsibility Report 2020, which may be downloaded here.

Gambling regulation: Tipico adapts its offers to the new transitional regulation

Today, 15 October 2020, Tipico, the market leader for sports betting in Germany, has adapted its services to the requirements of the Joint Guidelines of the German Gambling Supervisory Authorities.

The guidelines regulate the transitional period for online gambling offers until the „Fourth State Treaty on Gambling“ enters into force. The Treaty is to officially enter into force on 01 July 2021. For the first time in Germany, there will be a uniform framework for online gambling offers.

The changes to the range of services offered will particularly affect the deactivation of so-called casino table games such as BlackJack, as well as product adjustments to live betting and online slots in compliance with the requirements of the Fourth State Treaty on Gambling.

The implementation phase for two provisions (minimum spin time and EUR 1 stake limit) runs until 15 December 2020.

Karin Klein, Chief Regulatory Officer of Tipico: “Online gambling enjoys great popularity worldwide. The transitional regulation in force since today is an important step towards clear and reliable regulation for consumers, operators and authorities. It is important that the rules are now also enforced against all market participants”.

Tipico receives license for sports betting

Tipico, the market leader for sports betting in Germany, has received a license from the Darmstadt Regional Council to operate sports betting in Germany. Joachim Baca, CEO of Tipico, said: “We are very pleased with the positive news from Darmstadt. We now have a clear set of rules”.

German gambling regulation: Tipico welcomes the transitional regulation

Tipico is the market leader for sports betting in Germany and welcomes the unanimous decision of the German states to regulate the transitional period until the new, fourth State Treaty on Gaming becomes effective on July 1, 2021. The agreement allows operators to offer online gambling services in accordance with German federal law. By 15 October, the provisions must be fulfilled, i.e. the criteria of the fourth State Treaty on Gaming which can already be implemented.

Tipico will adapt its offers to the parameters defined in the State Treaty on Gambling by 15 October 2020. These include adjustments for live betting, the deactivation of Casino games played on tables such as BlackJack and the continuation of virtual slot machine games and online poker in compliance with the provisions of the State Treaty on Gambling. The implementation period for two of the provisions i.e. minimum playing time and EUR 1 stake limit lasts until December 15, 2020.

Joachim Baca, Tipico CEO: “We look forward to the formal adoption of the GlüStV 2021 enabling a long-awaited regulated market access for private gambling operators from mid-2021 onwards.

With the agreement on the transitional regulation that will apply from mid-October, Tipico is prepared to quickly implement the new requirements. “We are in close contact with authorities to better understand and implement the technical and practical requirements” says Karin Klein, Chief Regulatory Officer. “The agreement takes account of the on-going changes in society. Online gaming is popular worldwide, and players need to feel safe and need to be able to rely on secure offers from reputable providers. The agreement thus makes an important contribution to player protection and the fight against a black gambling market.”

Tipico Publishes Corporate Responsibility Report 2019

Tipico is publishing this report as people around the globe are fighting the COVID-19 pandemic which brings with its uncertainties and changes for everyone. While it is still too early to describe the long-term outcomes of the crisis, something has become evident: In the framework of the pandemic a multitude of positive initiatives have been set up as well, illustrating that sustainable transformations are possible in all areas.

The same goes for Tipico: Corporate responsibility means successfully operating Tipico’s business in a sustainable manner. Therefore, Tipico is proud to present its corporate responsibility report 2019, which discloses extensive information on its efforts to be a trusted and responsible corporate citizen. The report highlights a number of projects and key indicators that demonstrate how the market leader for sports betting integrate sustainable business decisions in all its actions, delivering better outcomes for all stakeholders and communities. It increases transparency and helps all stakeholders understand Tipico’s values and commitment.

In 2019, both the trust in the Tipico brand and satisfaction with the product increased among customers. Tipico has more than 280,000 active online users on a Bundesliga match day and has been ranked the 6th most influential online gambling provider worldwide. All this is the result of its trustworthy and sustainable business practices. It is not just the result of a few people’s work, but is influenced by the actions of each and every employee in the Tipico Group as well as all external collaborative partners. Internally, Tipico’s employees bring the company values to life and support Tipico in continuously improving its performance. In 2019, Tipico therefore focused on increasing training for employees by offering an extensive leadership programme and by ensuring that employees participate in all compliance training sessions. Tipico trusts all its employees to follow the highest ethical standards and is proud that over the last year so many employees got actively involved in shaping the company through voluntary culture work streams. At the same time, external collaboration helps Tipico to reach its goals. Since 2018, Tipico has been part of the UN Global Compact, the largest sustainability initiative worldwide which enables the sports betting provider to align and take actions with the support of the United Nations. Tipico is committed to the principles of the initiative and will keep working towards its common goals.

After a successful year, Tipico is now excited to present the results: Corporate Responsibility Report 2019

Tipico Welcomes Transitional Arrangement

Transitional regulation creates clarity for authorities, operators and customers even before the new State Treaty on Gaming becomes effective / Tipico prepares the implementation of the practical and technical requirements

Tipico is the market leader for sports betting in Germany and welcomes the unanimous decision of the German states to regulate the transitional period until the new, fourth State Treaty on Gaming becomes effective on July 1, 2021. The agreement allows operators to offer online gambling services in accordance with German federal law. By 15 October, the provisions must be fulfilled, i.e. the criteria of the fourth State Treaty on Gaming which can already be implemented.

The transitional regulation for online casino, adopted by the states, is an important step towards clear and reliable regulation and supervision of online casino offers in Germany. The transitional regulation will then be replaced from July 2021 by the new State Treaty on Gaming, which for the first time creates an application process for licenses for online casino operators in Germany.

With the agreement on the transitional regulation and the provisions that will apply from mid-October, preparations are now in full swing at Tipico to implement the requirements quickly. “Not all requirements are known yet. We are therefore seeking an exchange with the authorities in order to obtain clarity about the technical and practical requirements and their implementation,” says Karin Klein, Chief Regulatory Officer. “The agreement takes account of the change in customer behaviour. Online gaming enjoys great popularity worldwide. It is important for players to have access to secure offers by responsible operators. The agreement thus is an important contribution to player protection and the fight against the black market”.

In Tipico’s view, clarity has now been created: just like already with sports betting, online casino offers by private operators may be offered in Germany. To ensure the regulatory framework’s success, it is now important that regulators and operators enter into a transparent and lasting exchange.

With Tipico Into the 2020/21 Bundesliga Season

The Austrian Football Bundesliga is entering the 2020/21 season together with the sports betting provider Tipico. The application sponsorship was extended early for another year and runs at least until summer 2021. The highest division will be called “Tipico Bundesliga” in the coming season as well. The partnership between the Bundesliga and Tipico is already […]

State Treaty on Gambling: Tipico Welcomes Agreement in Principle

Tipico, market leader for sports betting in Germany, welcomes the agreement in principle of the 16 federal states to regulate the growing German gambling market. Joachim Baca, CEO of Tipico, says: “The agreement is good news. The new regulatory framework creates clarity and equal rules for all operators”. Baca adds that he is confident “that an implementation will be found in constructive dialogue with the federal states that considers all interests and can make the regulated market a successful project. The hearing initiated by the federal states offers a good opportunity to bring the expertise of the regulatory stakeholders into this process.”