GVC secures double CSR certification

The FTSE4Good Index Series is a scheme designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices.

GVC kept its place in the index after an independent assessment, which looked at its practices and public documents against a series of criteria related to ESG.

This covered governance, including risk management, corporate governance and anti-corruption, as well as social practices encompassing human rights, labour standards and health and safety, and also environmental commitments such as energy usage and waste management.

Meanwhile, the Carbon Trust, a group focused on helping organisations reduce their carbon emission and implement resource efficiency strategies, verified GVC’s 2019 emissions data, after it presented a 10% reduction on the prior year.

GVC said it will now seek to build on this verification by working with the Carbon Trust to also secure its Carbon Management Standard, which would demonstrate further progress against the operator’s objective of reducing its environmental impact.

“These are two significant measures of our commitment to operating GVC to the highest standards of environmental, social and governance practices,” GVC chief executive Shay Segev said.

“We are delighted with the progress that we have made in these areas and are committed to driving further improvements throughout our business.”

The verifications come after GVC this week became one of the first operators to secure a new sports betting licence from the Regional Council of Darmstadt in Germany.

Gauselmann Group’s Cashpoint brand and Tipwin were also among the first recipients of the new licences.

Last week, GVC also raised its earnings guidance for 2020 after reporting a 12% year-on-year rise in net gaming revenue for the third quarter of 2020. GVC said it now expects its full-year earnings are now expected to reach £50m.