Tipico Reports 50 Percent Market Share in Germany in ESG Report

Published on: 30 July 2022
by KnowESG
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Tipico Group has released its ESG Report for 2021, documenting its growth in a "very dynamic" year as the sports betting and casino games provider seeks to strengthen its position in the German regulated market.

According to the survey, Tipico's market share in Germany is currently over 50 per cent, with over 1,300 Tipico retail locations in Germany and Austria. Despite problems faced by COVID-19 limits, the company asserts that it has been able to expand on its current position of strength.

The report went on to elaborate on Tipico's dedication to developing and retaining consumer trust, adding that "the satisfaction and protection of our clients are at the heart of our business model."

Tipico introduced several security initiatives and endeavoured to decrease the risk of gambling-related harm to guarantee that players always receive adequate safety. These included age and identity verification procedures and the extension of protections to vulnerable customers.

Tipico made a special mention of its 889 employees, stressing the company's efforts to build an inclusive and equal workplace with no gender pay difference.

Finally, Tipico highlighted its attempts to lessen the environmental impact, noting that its German retail outlets run on 80 per cent renewable electricity. As part of a commitment to achieve carbon neutrality by 2030, the firm plans to use 100 per cent renewable energy at all German retail sites and offices by 2023.

Source: Gambling Insider

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