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Sustainability Reporting

To align with applicable regulations as well as our stakeholders’ expectations, we’re on a yearly basis releasing a combined Annual and Sustainability report. In our latest report you can read about our goals, aims and progress.  

Annual & Sustainability report 2022

How we report  

Our report covers our most material sustainability topics and the yearly progress. It includes our three pillar-strategy (responsible gambling, a secure platform, product integrity), the challenges we are facing, our long-term goals and the performance for Kindred group in reaching them.   

Improving our emissions data 

In 2022, there has been a focus to increase data quality through calculations based on supplier-specific data to a greater extent and less estimates to get a bigger coverage of our emissions. This means that the emissions for previous years have been recalculated as well, allowing for better comparison. 

With our validated Science Based Target, our targets are calculated and measured according to the market-based approach with 2019 as baseline. Our climate data includes the operations in site facilities, electricity purchased, business travel, waste, commute for our employees and purchase and transport of IT equipment.  

Our scope 1, 2 and 3 emissions data 

Kindred’s validated Science Based Target is to reduce our absolute Scope 1 and 2 emissions by 90 per cent, and our Scope 3 emissions by 35 per cent by 2027. To measure progress and to be compliant with the Greenhouse Gas Protocol Corporate Standard, we used a third party to calculate the Group’s CO2e emissions. All carbon footprints are expressed as an absolute amount in tCO2e. Conversion of non-CO2 greenhouse gases to CO2e has been based upon DEFRA and IEA. Scope 2 emissions for electricity are reported in accordance with recommended practices showcasing both the market-based, and location-based method. KPIs are also calculated using a market-based approach. Separate data for heating and cooling is available for 2022.  

Reporting in line with the EU Taxonomy 

In 2021, Kindred conducted an eligibility screening as defined by the Taxonomy Regulation and the EU Taxonomy Climate Delegated Act (EU) 2021/2139. Together with internal stakeholders and with support external taxonomy experts, we conducted an eligibility screening. It is performed according to current recommendations, which resulted in three eligible economic activities, though not related to our main economic activities. The results were shared in the sustainability report for 2021. After performing additional analysis, and by looking into the technical criteria’s themselves, we have now revised our former position. The conclusion is that no economic activities performed by Kindred are eligible under the EU taxonomy. Kindred Groups main economic activity, i.e. providing casino, sportsbook and other games to its customers, is excluded from the taxonomy (Annex 2, supplementing Regulation (EU) 2020/852, paragraph 13.1. Kindred will continue to follow the development of the taxonomy closely and adapt reporting as needed with the upcoming release of the remaining four objectives with the taxonomy.  

  GBP m Proportion of taxonomi eligible economic activities
(%)
Proportion of taxonomi non-eligible economic activities
(%)
Revenue 1,068.7 0 100
CapEx 47.8 0 100
OpEx 227.4 0 100

External frameworks and initiatives  

To transparently disclose our sustainability progress and governance we participate in and support following external initiatives and commitments: 

GRI-index. We disclose our sustainability performance in accordance with Global Reporting Initiative (GRI) Standards 2021. For performance on specific indicators, download the full report including the GRI-index here. 

CDP. We hold a B score from CDP (former Carbon Disclosure Project), a not-for-profit charity running the world’s leading platform for climate disclosure. The score is a recognition of our efforts in CO2e emission governance, disclosure, and reduction initiatives. 

TCFD An industry-led initiative created to develop a set of recommendations for voluntary climate-related financial risk disclosures for use by companies, banks, Classified as General and investors in providing information to stakeholders. 

MSCI ESG rating. We have a AAA-rating from MSCI (Morgan Stanley Capital International) in terms of ESG (Environmental, Social and Governance) work.  

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